Ambev S.A. (NYSE:ABEV) Short Interest Down 5.1% in November

Ambev S.A. (NYSE:ABEV) saw a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 68,380,000 shares, a decrease of 5.1% from the November 15th total of 72,090,000 shares. Based on an average trading volume of 25,850,000 shares, the short-interest ratio is presently 2.6 days. Currently, 0.4% of the company’s shares are short sold.

Hedge Funds Weigh In On Ambev

Several institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. increased its stake in Ambev by 5.5% during the 3rd quarter. Franklin Resources Inc. now owns 599,291 shares of the company’s stock worth $1,402,000 after buying an additional 31,408 shares during the period. Peapack Gladstone Financial Corp boosted its position in Ambev by 268.7% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 52,344 shares of the company’s stock valued at $128,000 after buying an additional 38,146 shares during the period. Sanctuary Advisors LLC grew its stake in shares of Ambev by 15.0% in the third quarter. Sanctuary Advisors LLC now owns 126,269 shares of the company’s stock worth $308,000 after acquiring an additional 16,500 shares in the last quarter. Barclays PLC increased its position in shares of Ambev by 76.9% during the third quarter. Barclays PLC now owns 52,625 shares of the company’s stock worth $128,000 after acquiring an additional 22,880 shares during the period. Finally, Rehmann Capital Advisory Group acquired a new stake in shares of Ambev in the third quarter valued at $48,000. 8.13% of the stock is owned by institutional investors and hedge funds.

Ambev Price Performance

Ambev stock opened at $2.13 on Wednesday. The company’s 50 day simple moving average is $2.23 and its 200-day simple moving average is $2.23. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 1.20. Ambev has a 1 year low of $2.01 and a 1 year high of $3.00. The company has a market capitalization of $33.48 billion, a price-to-earnings ratio of 11.81, a price-to-earnings-growth ratio of 6.67 and a beta of 1.05.

Ambev Cuts Dividend

The company also recently declared an annual dividend, which will be paid on Thursday, January 9th. Shareholders of record on Monday, December 23rd will be paid a dividend of $0.0414 per share. This represents a yield of 1.93%. The ex-dividend date is Monday, December 23rd. Ambev’s dividend payout ratio (DPR) is 66.67%.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Ambev in a research report on Friday, October 18th. They issued a “buy” rating on the stock.

About Ambev

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe, Hoegaarden, Balboa ICE, Balboa, Atlas Golden Light, Atlas, Bucanero, Cristal, Mayabe, Presidente, Presidente Light, Brahma Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Bud 66, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith’s, and Kokanee brands.