LGT Capital Partners LTD. Has $19.01 Million Stake in AMBEV S A/S (ABEV)

LGT Capital Partners LTD. lifted its position in AMBEV S A/S (NYSE:ABEV) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,848,790 shares of the company’s stock after acquiring an additional 133,500 shares during the period. AMBEV S A/S comprises approximately 1.6% of LGT Capital Partners LTD.’s holdings, making the stock its 27th largest position. LGT Capital Partners LTD.’s holdings in AMBEV S A/S were worth $19,007,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. HRT Financial LLC acquired a new stake in shares of AMBEV S A/S during the second quarter worth approximately $526,000. Advisors Asset Management Inc. boosted its holdings in shares of AMBEV S A/S by 15.4% during the second quarter. Advisors Asset Management Inc. now owns 366,463 shares of the company’s stock worth $1,697,000 after purchasing an additional 48,799 shares during the period. Todd Asset Management LLC acquired a new stake in AMBEV S A/S in the third quarter valued at approximately $2,903,000. Northern Trust Corp lifted its stake in AMBEV S A/S by 1.1% in the second quarter. Northern Trust Corp now owns 14,350,542 shares of the company’s stock valued at $66,443,000 after acquiring an additional 162,016 shares during the last quarter. Finally, Manning & Napier Group LLC lifted its stake in AMBEV S A/S by 9.4% in the third quarter. Manning & Napier Group LLC now owns 37,320,252 shares of the company’s stock valued at $170,551,000 after acquiring an additional 3,217,476 shares during the last quarter.

Shares of AMBEV S A/S stock traded up $0.01 on Monday, reaching $4.64. The stock had a trading volume of 127,009 shares, compared to its average volume of 29,812,283. The company has a current ratio of 1.02, a quick ratio of 0.82 and a debt-to-equity ratio of 0.06. AMBEV S A/S has a fifty-two week low of $3.77 and a fifty-two week high of $7.43. The stock has a market capitalization of $68.93 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 2.14 and a beta of 0.56.

AMBEV S A/S (NYSE:ABEV) last issued its quarterly earnings data on Thursday, October 25th. The company reported $0.05 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.05. AMBEV S A/S had a net margin of 22.07% and a return on equity of 23.16%. The business had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $3.14 billion. As a group, research analysts predict that AMBEV S A/S will post 0.2 earnings per share for the current year.

The company also recently disclosed a special dividend, which was paid on Monday, January 7th. Stockholders of record on Thursday, December 20th were paid a $0.0828 dividend. This is a boost from AMBEV S A/S’s previous special dividend of $0.04. The ex-dividend date of this dividend was Wednesday, December 19th. AMBEV S A/S’s payout ratio is presently 65.22%.

A number of analysts have issued reports on ABEV shares. JPMorgan Chase & Co. cut shares of AMBEV S A/S from a “neutral” rating to an “underweight” rating in a research note on Thursday, October 25th. Bank of America cut shares of AMBEV S A/S from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $5.40 to $4.00 in a research note on Thursday, October 25th. UBS Group cut shares of AMBEV S A/S from a “buy” rating to a “sell” rating in a research note on Tuesday, October 2nd. Finally, Zacks Investment Research upgraded shares of AMBEV S A/S from a “sell” rating to a “hold” rating in a research note on Friday, November 30th. Four research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $6.13.

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About AMBEV S A/S

Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks (CSD), other non-alcoholic beverages, malt, and food in the Americas. It operates through Latin America North, Latin America South, and Canada segments. The company offers beer primarily under the Skol, Brahma, Antarctic, Brahva, Brahva Gold, Extra, Budweiser, Bud Light, Stella Artois, Corona, Modelo Especial, Beck, Leffe, Hoegaarden, Presidente, Brahma Light, President Light, Bohemia, The One, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Báltica, Ouro Fino, Pilsen, Patricia, Labatt Blue, Alexander Keith's, Kokanee, Banks, and Deputy brands.

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Institutional Ownership by Quarter for AMBEV S A/S (NYSE:ABEV)

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