Ambev S.A. American Depositary (NYSE:ABEV).
Fisher Asset Management, LLC bought 23,284 shares last quarter increasing its holdings in Ambev S.A. American Depositary by 0.1%. Its investment was worth $128,810,000 a decrease of $6,201,000 as of quarter end.
Other firms have also shifted positions in (ABEV). Vontobel Asset Management Inc added to its investment by buying 7,409,229 shares an increase of 4.6% from 03/31/2017 to 06/30/2017. Vontobel Asset Management Inc currently owns 168,685,140 shares with a value of $942,525,000. The total value of its holdings decreased 0.7%. Virtu Financial LLC expanded its ownership by buying 8,000 shares an increase of 38.5%. Virtu Financial LLC claims 28,800 shares valued at $158,000. The value of the position overall is up by 31.7%.
As of the end of the quarter Creative Planning had disposed of 5,400 shares trimming its holdings by 31.3%. The value of the investment in (ABEV) went from $99,000 to $65,000 a change of $34,000 since the last quarter.
On November 10 the company was upgraded from “Neutral” to “Overweight” in a statement from JP Morgan. Equity analyst Morgan Stanley lowered the price target and downgraded the stock on August 18 cutting the price target from $7.20 to $6.40 and cutting the rating from “Overweight” to “Equal-weight”.
On August 18 the stock rating was downgraded to “Equal-weight” from “Overweight” and a price target of $6.40 was set in a report issued by Morgan Stanley. On May 5 the company was downgraded to “Neutral” from “Overweight” with a current price target of $5.00 by analysts at JP Morgan.
On June 1 the stock rating was upgraded to “Overweight” from “Neutral” in a report from JP Morgan. On December 17 Morgan Stanley kept the stock rating at “Overweight” and moved down the price target from $8.30 to $7.20.
The company is so far trading up since yesterday’s close of $5.64. The company announced a dividend to be paid on Monday July 24th, 2017. The dividend payment will be $0.040 per share for the quarter which is $0.16 annualized. The dividend yield will be $2.85. The ex-dividend date will be on Monday June 26th, 2017.
Shares are trading at $5.78 which is marginally higher than $5.67, the 50 day moving average and just above the 200 day moving average of $5.52. The 50 day moving average went up $0.11 or +1.97% and the 200 day average went up $0.26 or +4.67%.
Ambev S.A. American Depositary currently has a P/E ratio of 25.46 and market capitalization is 90.76B. In the latest earnings report the EPS was $0.23 and is estimated to be $0.22 for the current year with 15,702,901,000 shares presently outstanding. Next quarter’s EPS is expected be $0.05 and the next full year EPS is projected to be $0.27.