The stock last traded at $6.33 which is marginally lower than the 50 day moving average which is $6.67 and a tad above the 200 day moving average of $6.08. The 50 day moving average moved down $-0.34 whereas the 200 day moving average was up $0.25 or +4.17%. Ambev S.A. American Depositary shares had a trading volume of 22,225K on Tuesday. Trading volume was up 6.86% over the stocks average daily volume.
Short traders are feeling a little more bullish recently at least if you consider the motion in short interest. The stock recorded a fall in short interest of -24.35% as of the latest report on October 13, 2017. Short shares decreased 8,237,977 over that timeframe. The days to cover decreased to 1.0 and the percentage of shorted shares is 0.00% as of October 13.
Here are a few substantial investment firms who have updated their positions. Eagle Ridge Investment Management augmented its ownership by buying 24,529 shares an increase of 6.2% from 06/30/2017 to 09/30/2017. Eagle Ridge Investment Management now controls 417,094 shares worth $2,749,000. The total value of its holdings increased 27.6%. As of the end of the quarter Aperio Group, LLC had disposed of a total of 2,126 shares trimming its position 0.4%. The value of the company’s investment in Ambev S.A. American Depositary increased from $3,006,000 to $3,594,000 a change of 19.6% since the last quarter.
As of quarter end Sumitomo Mitsui Asset Management Company, Ltd had sold 8,755 shares trimming its holdings by 0.3%. The value of the investment in (ABEV) went from $17,406,000 to $20,836,000 a change of $3,430,000 quarter to quarter. As of the end of the quarter Simplex Trading, LLC had disposed of a total of 1,956 shares trimming its stake by 63.2%. The value of the total investment in Ambev S.A. American Depositary decreased from $16,000 to $7,000 decreasing 56.3% for the reporting period.
October 27 investment analysts at Barclays kept the stock rating at “Equal-Weight” but raised the price target from $6.00 to $7.00.
In the market the company is trading down from yesterday’s close of $6.33. Additionally Ambev S.A. American Depositary recently announced a dividend which was paid on Monday July 24th, 2017. The dividend payment was $0.040 per share for the quarter which is $0.16 annualized. This dividend represents a yield of $2.51. The ex-dividend date was set for Monday the 26th of June 2017.
Ambev S.A. American Depositary ‘s P/E ratio is 27.40 and the market value is 99.43B. In the last earnings report the EPS was $0.23 and is estimated to be $0.21 for the current year with 15,707,176,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $0.06 and the next full year EPS is projected to be $0.27.
Ambev S.A., through its subsidiaries, produces, distributes, and sells beer, draft beer, soft drinks, other non-alcoholic beverages, malt, and food in the Americas. The company operates through Latin America North, Latin America South, and Canada segments. It offers beers primarily under the Skol, Brahma, and Antarctica brands. The company also provides carbonated soft drinks, bottled water, isotonic beverages, energy drinks, and ready-to-drink teas under the GuaranÃ¡ Antarctica, GuaranÃ¡ Antarctica Black, Gatorade, H2OH!, Lipton Iced Tea, Fusion, Monster, Red Rock, Pepsi-Cola, and Seven Up brands. Ambev S.A. offers its products through a network of third-party distributors and a direct distribution system. The company was founded in 1885 and is headquartered in SÃ£o Paulo, Brazil. Ambev S.A. is a subsidiary of Interbrew International B.V..