B. Riley Wealth Advisors Inc. Has $119,000 Stock Holdings in Ambev S.A. (NYSE:ABEV)

B. Riley Wealth Advisors Inc. decreased its position in Ambev S.A. (NYSE:ABEV) by 13.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 48,275 shares of the company’s stock after selling 7,787 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Ambev were worth $119,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. MCIA Inc acquired a new stake in shares of Ambev during the third quarter worth approximately $25,000. HTLF Bank bought a new stake in Ambev during the 3rd quarter worth approximately $26,000. Wealthstream Advisors Inc. acquired a new stake in Ambev during the 3rd quarter valued at $29,000. Riversedge Advisors LLC acquired a new stake in Ambev during the 3rd quarter valued at $31,000. Finally, Foster Group Inc. bought a new position in Ambev in the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 8.13% of the company’s stock.

Analyst Upgrades and Downgrades

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

Ambev Stock Performance

Shares of Ambev stock opened at $2.06 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 0.89. The firm has a 50 day simple moving average of $2.21 and a 200 day simple moving average of $2.23. Ambev S.A. has a fifty-two week low of $2.01 and a fifty-two week high of $2.94. The firm has a market cap of $32.45 billion, a P/E ratio of 11.44, a P/E/G ratio of 6.67 and a beta of 1.05.

Ambev Cuts Dividend

The company also recently announced an annual dividend, which will be paid on Thursday, January 9th. Stockholders of record on Monday, December 23rd will be paid a $0.0414 dividend. The ex-dividend date of this dividend is Monday, December 23rd. This represents a dividend yield of 1.93%. Ambev’s dividend payout ratio (DPR) is currently 38.89%.

Ambev Profile

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.