Ambev SA (ABEV) Shares Bought by US Bancorp DE
US Bancorp DE raised its holdings in shares of Ambev SA (NYSE:ABEV) by 7.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 474,466 shares of the company’s stock after acquiring an additional 31,986 shares during the quarter. US Bancorp DE’s holdings in Ambev were worth $3,065,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the business. Aperio Group LLC grew its stake in shares of Ambev by 23.7% in the 4th quarter. Aperio Group LLC now owns 674,680 shares of the company’s stock valued at $4,358,000 after buying an additional 129,273 shares in the last quarter. Victory Capital Management Inc. bought a new stake in shares of Ambev in the 4th quarter valued at approximately $8,459,000. CIBC World Markets Inc. grew its stake in shares of Ambev by 279.8% in the 4th quarter. CIBC World Markets Inc. now owns 51,175 shares of the company’s stock valued at $331,000 after buying an additional 37,700 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Ambev by 29.6% in the 4th quarter. Bessemer Group Inc. now owns 1,165,420 shares of the company’s stock valued at $7,530,000 after buying an additional 266,521 shares in the last quarter. Finally, Cambiar Investors LLC grew its stake in shares of Ambev by 1.4% in the 4th quarter. Cambiar Investors LLC now owns 21,540,208 shares of the company’s stock valued at $139,150,000 after buying an additional 294,358 shares in the last quarter. 7.23% of the stock is currently owned by institutional investors.
Several equities research analysts recently commented on the company. BidaskClub cut Ambev from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. UBS Group raised Ambev from a “market perform” rating to an “outperform” rating in a research note on Friday, February 9th. Zacks Investment Research raised Ambev from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Barclays reaffirmed an “equal weight” rating on shares of Ambev in a research report on Saturday, October 28th. Finally, TheStreet cut Ambev from a “b” rating to a “c+” rating in a research report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $7.83.
The business also recently announced a special dividend, which will be paid on Monday, March 5th. Shareholders of record on Friday, February 2nd will be given a dividend of $0.0215 per share. The ex-dividend date is Thursday, February 1st. Ambev’s payout ratio is currently 83.33%.
Ambev SA, formerly Inbev Participacoes Societarias SA, is a Brazil-based company engaged in the brewing sector. The Company produces and sells beer, carbonated soft drinks (CSDs) and other non-alcoholic and non-carbonated (NANC) beverages across the Americas. The Company’s activities are divided into three segments: Latin America North, including sell of beer, CSD and NANC drinks in Brazil, as well as operations in Dominican Republic, Saint Vincent, Antigua, Dominica, Guatemala, El Salvador, Nicaragua and Cuba; Latin America South, distributing products in Argentina, Bolivia, Paraguay, Uruguay, Chile, Ecuador, Peru and Colombia, and Canada, represented by Labatt’s operations, which comprises sales in Canada.
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