Forward Management LLC Sells 91,691 Shares of Ambev SA (NYSE:ABEV)

Forward Management LLC reduced its position in Ambev SA (NYSE:ABEV) by 21.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 330,477 shares of the company’s stock after selling 91,691 shares during the period. Forward Management LLC’s holdings in Ambev were worth $2,135,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ABEV. AKO Capital LLP purchased a new stake in shares of Ambev in the third quarter worth about $1,023,000. Renaissance Technologies LLC lifted its position in shares of Ambev by 398.8% in the second quarter. Renaissance Technologies LLC now owns 5,532,700 shares of the company’s stock worth $30,375,000 after buying an additional 4,423,500 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Ambev by 4.8% in the third quarter. JPMorgan Chase & Co. now owns 90,277,034 shares of the company’s stock worth $592,218,000 after buying an additional 4,159,543 shares in the last quarter. Vontobel Asset Management Inc. lifted its position in shares of Ambev by 1.8% in the fourth quarter. Vontobel Asset Management Inc. now owns 172,699,211 shares of the company’s stock worth $1,130,975,000 after buying an additional 3,086,824 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its position in shares of Ambev by 11.7% in the fourth quarter. Fisher Asset Management LLC now owns 28,628,433 shares of the company’s stock worth $184,940,000 after buying an additional 2,991,586 shares in the last quarter. Institutional investors own 7.31% of the company’s stock.

Shares of Ambev SA (NYSE ABEV) traded up $0.08 during mid-day trading on Friday, reaching $6.54. The company’s stock had a trading volume of 25,850,000 shares, compared to its average volume of 19,676,644. Ambev SA has a fifty-two week low of $5.30 and a fifty-two week high of $7.04. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.76 and a current ratio of 0.95. The stock has a market capitalization of $102,685.20, a P/E ratio of 28.43, a PEG ratio of 2.06 and a beta of 0.65.

The business also recently disclosed 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 of this dividend is Thursday, February 1st. Ambev’s dividend payout ratio (DPR) is presently 83.33%.

A number of equities research analysts recently commented on the company. Barclays reiterated an “equal weight” rating on shares of Ambev in a research report on Saturday, October 28th. BidaskClub downgraded Ambev from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. UBS Group upgraded Ambev from a “market perform” rating to an “outperform” rating in a research report on Friday. TheStreet downgraded Ambev from a “b” rating to a “c+” rating in a research report on Thursday, November 9th. Finally, Evercore ISI set a $9.00 target price on Ambev and gave the stock a “buy” rating in a research report on Sunday, October 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $7.83.

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Ambev Company Profile

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.

Institutional Ownership by Quarter for Ambev (NYSE:ABEV)

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