Invesco Ltd. Buys 135,869 Shares of Ambev S.A. (NYSE:ABEV)

Invesco Ltd. grew its position in shares of Ambev S.A.

( NYSE:ABEV – Free Report ) by 7.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,915,696 shares of the company’s stock after purchasing an additional 135,869 shares during the period.



Invesco Ltd.’s holdings in Ambev were worth $3,544,000 at the end of the most recent reporting period. Several other institutional investors have also added to or reduced their stakes in ABEV.

Insight Inv LLC bought a new stake in Ambev during the fourth quarter worth approximately $25,000. Naviter Wealth LLC purchased a new stake in Ambev in the fourth quarter worth $29,000. Exchange Traded Concepts LLC bought a new stake in Ambev during the 4th quarter valued at about $30,000.

Angeles Wealth Management LLC bought a new stake in shares of Ambev during the fourth quarter valued at approximately $36,000. Finally, Mondrian Investment Partners LTD grew its stake in Ambev by 40.4% in the fourth quarter.

Mondrian Investment Partners LTD now owns 20,810 shares of the company’s stock worth $38,000 after purchasing an additional 5,993 shares in the last quarter. Hedge funds and other institutional investors own 8.13% of the company’s stock.

Analysts Set New Price Targets Several equities research analysts have recently weighed in on the stock. Barclays lowered their price target on shares of Ambev from $2.50 to $2.

00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Citigroup restated a “neutral” rating on shares of Ambev in a research note on Wednesday, January 22nd. StockNews.

com began coverage on shares of Ambev in a report on Wednesday, April 23rd. They issued a “buy” rating for the company. UBS Group downgraded Ambev from a “buy” rating to a “neutral” rating in a report on Tuesday, April 22nd.

Finally, Bank of America lowered shares of Ambev from a “buy” rating to a “neutral” rating in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $2.

45. Ambev Stock Performance Shares of ABEV stock opened at $2.46 on Monday.

Ambev S.A. has a 1-year low of $1.

76 and a 1-year high of $2.56. The company has a market cap of $38.

76 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 5.80 and a beta of 0.

68. 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 stock has a 50 day simple moving average of $2.

24 and a 200-day simple moving average of $2.12. Ambev ( NYSE:ABEV – Get Free Report ) last posted its quarterly earnings data on Wednesday, February 26th.

The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.

01). Ambev had a return on equity of 16.12% and a net margin of 17.

02%. The firm had revenue of $4.63 billion during the quarter, compared to analyst estimates of $22.

42 billion. On average, equities research analysts expect that Ambev S.A.

will post 0.18 EPS for the current fiscal year. Ambev Cuts Dividend The firm also recently announced a quarterly dividend, which was paid on Monday, April 14th.

Stockholders of record on Tuesday, March 18th were issued a dividend of $0.0221 per share. This represents a $0.

09 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date was Tuesday, March 18th.

Ambev’s payout ratio is 52.94%. Ambev Company Profile ( Free Report ) 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. Featured Stories Five stocks we like better than Ambev The 3 Best Fintech Stocks to Buy Now Texas Instruments: Earnings Beat, Upbeat Guidance Fuel Recovery Best Stocks Under $5.00 O’Reilly Automotive: An Anytime Buy for Buy-and-Hold Investors What is a support level? Chipotle Mexican Grill Serves Smoking Hot Entry Point in Q2 Want to see what other hedge funds are holding ABEV? Visit HoldingsChannel.

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