21,540 Shares in Ambev S.A. (NYSE:ABEV) Purchased by Sendero Wealth Management LLC

Sendero Wealth Management LLC purchased a new stake in shares of Ambev S.A. (NYSE:ABEV) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 21,540 shares of the company’s stock, valued at approximately $40,000.

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

Ambev Trading Up 2.5 %

NYSE ABEV opened at $1.85 on Thursday. Ambev S.A. has a 12 month low of $1.76 and a 12 month high of $2.75. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.02. The stock’s fifty day moving average price is $2.07 and its 200-day moving average price is $2.19. The stock has a market cap of $29.07 billion, a P/E ratio of 10.25, a P/E/G ratio of 6.67 and a beta of 1.05.

Ambev Cuts Dividend

The company also recently disclosed an annual dividend, which was paid on Thursday, January 9th. Investors of record on Monday, December 23rd were given a dividend of $0.0414 per share. This represents a yield of 1.93%. The ex-dividend date of this dividend was Monday, December 23rd. Ambev’s dividend payout ratio (DPR) is 33.33%.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Ambev in a research report on Saturday, January 11th. They set a “buy” rating on the stock.

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.