Crossmark Global Holdings Inc. Buys 16,833 Shares of Ambev S.A. (NYSE:ABEV)

Crossmark Global Holdings Inc. lifted its stake in shares of Ambev S.A. (NYSE:ABEV) by 17.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,416 shares of the company’s stock after acquiring an additional 16,833 shares during the period. Crossmark Global Holdings Inc.’s holdings in Ambev were worth $210,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Bank of Montreal Can grew its position in Ambev by 12.3% in the second quarter. Bank of Montreal Can now owns 782,446 shares of the company’s stock valued at $1,643,000 after purchasing an additional 85,747 shares in the last quarter. Millennium Management LLC grew its position in Ambev by 15.5% in the second quarter. Millennium Management LLC now owns 8,445,718 shares of the company’s stock valued at $17,314,000 after purchasing an additional 1,132,936 shares in the last quarter. Creative Planning grew its position in Ambev by 10.5% in the second quarter. Creative Planning now owns 259,335 shares of the company’s stock valued at $532,000 after purchasing an additional 24,678 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Ambev by 7.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 122,485 shares of the company’s stock valued at $251,000 after purchasing an additional 8,106 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its position in Ambev by 53.3% in the second quarter. B. Riley Wealth Advisors Inc. now owns 56,062 shares of the company’s stock valued at $115,000 after purchasing an additional 19,496 shares in the last quarter. Institutional investors own 8.13% of the company’s stock.

Ambev Stock Performance

NYSE ABEV opened at $1.84 on Tuesday. The firm has a 50-day moving average of $2.01 and a 200-day moving average of $2.18. 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 cap of $28.91 billion, a PE ratio of 10.19, a P/E/G ratio of 5.44 and a beta of 1.05. Ambev S.A. has a 52-week low of $1.76 and a 52-week high of $2.72.

Ambev Cuts Dividend

The business also recently announced an annual dividend, which was paid on Thursday, January 9th. Stockholders of record on Monday, December 23rd were paid a dividend of $0.0414 per share. This represents a dividend yield of 1.93%. The ex-dividend date was Monday, December 23rd. Ambev’s dividend payout ratio is presently 38.89%.

Wall Street Analyst Weigh In

ABEV has been the subject of a number of analyst reports. Citigroup reissued a “neutral” rating on shares of Ambev in a research report on Wednesday, January 22nd. StockNews.com initiated coverage on shares of Ambev in a research report on Monday. They issued a “buy” rating for the company. Barclays decreased their price objective 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. Finally, Bank of America downgraded shares of Ambev from a “buy” rating to a “neutral” rating in a research report on Friday, January 17th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $2.45.

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.