UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Position in Ambev S.A. (NYSE:ABEV)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Ambev S.A. (NYSE:ABEV) by 34.0% during the third quarter, HoldingsChannel.com reports. The firm owned 382,600 shares of the company’s stock after buying an additional 97,150 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Ambev were worth $934,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Assenagon Asset Management S.A. boosted its stake in Ambev by 311.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 768,419 shares of the company’s stock valued at $1,575,000 after acquiring an additional 581,880 shares during the last quarter. Raymond James & Associates lifted its position in shares of Ambev by 154.0% during the second quarter. Raymond James & Associates now owns 1,805,328 shares of the company’s stock worth $3,701,000 after purchasing an additional 1,094,629 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Ambev by 26.5% in the second quarter. Bank of New York Mellon Corp now owns 947,932 shares of the company’s stock worth $1,943,000 after purchasing an additional 198,462 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Ambev by 323.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 9,913,282 shares of the company’s stock worth $20,322,000 after purchasing an additional 7,570,842 shares in the last quarter. Finally, Atomi Financial Group Inc. increased its holdings in Ambev by 49.3% in the second quarter. Atomi Financial Group Inc. now owns 46,272 shares of the company’s stock valued at $95,000 after buying an additional 15,271 shares during the last quarter. 8.13% of the stock is currently owned by hedge funds and other institutional investors.

Ambev Stock Down 4.7 %

ABEV stock opened at $2.02 on Thursday. The firm has a market cap of $31.82 billion, a price-to-earnings ratio of 11.22, a PEG ratio of 6.67 and a beta of 1.05. Ambev S.A. has a 1-year low of $2.01 and a 1-year high of $3.00. The firm has a fifty day moving average price of $2.22 and a two-hundred day moving average price of $2.23. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 0.89.

Ambev Cuts Dividend

The firm also recently disclosed an annual dividend, which will be paid on Thursday, January 9th. Investors of record on Monday, December 23rd will be given a dividend of $0.0414 per share. This represents a dividend yield of 1.93%. The ex-dividend date is Monday, December 23rd. Ambev’s dividend payout ratio is presently 66.67%.

Analyst Ratings Changes

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

About Ambev

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.