Ambev S.A. (NYSE:ABEV) Shares Bought by Jane Street Group LLC

Jane Street Group LLC raised its holdings in shares of Ambev S.A. (NYSE:ABEV) by 132.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,976,147 shares of the company’s stock after acquiring an additional 1,127,719 shares during the quarter. Jane Street Group LLC’s holdings in Ambev were worth $4,822,000 as of its most recent filing with the SEC.

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

Ambev Stock Down 3.0 %

ABEV opened at $2.08 on Tuesday. Ambev S.A. has a 52 week low of $2.01 and a 52 week high of $3.00. The business has a 50 day moving average price of $2.24 and a two-hundred day moving average price of $2.23. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. The company has a market cap of $32.69 billion, a PE ratio of 11.53, a P/E/G ratio of 6.67 and a beta of 1.05.

Ambev Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Thursday, January 9th. Stockholders of record on Monday, December 23rd will be paid a dividend of $0.0414 per share. This represents a dividend yield of 1.93%. The ex-dividend date of this dividend is Monday, December 23rd. Ambev’s dividend payout ratio (DPR) is presently 72.22%.

Analyst Upgrades and Downgrades

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

Ambev Company 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.