Fmr LLC Acquires 20,599 Shares of Ambev S.A. (NYSE:ABEV)

Fmr LLC grew its holdings in Ambev S.A. (NYSE:ABEV) by 35.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,604 shares of the company’s stock after purchasing an additional 20,599 shares during the period. Fmr LLC’s holdings in Ambev were worth $192,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. HTLF Bank purchased a new stake in Ambev in the third quarter worth about $26,000. Wealthstream Advisors Inc. bought a new stake in shares of Ambev in the 3rd quarter valued at about $29,000. Riversedge Advisors LLC purchased a new stake in shares of Ambev in the 3rd quarter worth approximately $31,000. Foster Group Inc. bought a new position in shares of Ambev during the third quarter valued at approximately $33,000. Finally, BSW Wealth Partners purchased a new position in Ambev during the third quarter valued at approximately $33,000. 8.13% of the stock is currently owned by institutional investors.

Ambev Stock Up 1.5 %

Shares of ABEV opened at $2.06 on Friday. The stock has a 50 day moving average price of $2.21 and a 200 day moving average price of $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. The stock has a market capitalization of $32.45 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 6.67 and a beta of 1.05. Ambev S.A. has a one year low of $2.01 and a one year high of $2.94.

Ambev Cuts Dividend

The firm 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 $0.0414 dividend. This represents a dividend yield of 1.93%. The ex-dividend date is Monday, December 23rd. Ambev’s dividend payout ratio (DPR) is presently 38.89%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Ambev in a report on Friday, October 18th. They issued 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.