Ambev S.A. (NYSE:ABEV) Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. boosted its position in Ambev S.A. (NYSE:ABEV) by 5.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 599,291 shares of the company’s stock after purchasing an additional 31,408 shares during the quarter. Franklin Resources Inc.’s holdings in Ambev were worth $1,402,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Prime Capital Investment Advisors LLC boosted its position in Ambev by 37.9% during the third quarter. Prime Capital Investment Advisors LLC now owns 17,685 shares of the company’s stock worth $43,000 after acquiring an additional 4,861 shares during the last quarter. National Bank of Canada FI boosted its holdings in shares of Ambev by 25.0% during the 2nd quarter. National Bank of Canada FI now owns 24,489 shares of the company’s stock worth $50,000 after purchasing an additional 4,900 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Ambev by 37.4% during the 3rd quarter. UMB Bank n.a. now owns 18,324 shares of the company’s stock worth $45,000 after purchasing an additional 4,984 shares during the last quarter. Endowment Wealth Management Inc. grew its position in shares of Ambev by 26.1% in the second quarter. Endowment Wealth Management Inc. now owns 25,933 shares of the company’s stock valued at $53,000 after purchasing an additional 5,368 shares in the last quarter. Finally, PDS Planning Inc increased its holdings in shares of Ambev by 18.4% in the third quarter. PDS Planning Inc now owns 34,870 shares of the company’s stock valued at $85,000 after purchasing an additional 5,409 shares during the last quarter. Hedge funds and other institutional investors own 8.13% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Ambev in a research note on Tuesday. They issued a “buy” rating for the company.

Ambev Price Performance

Shares of NYSE ABEV opened at $1.87 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 0.89. The company has a market cap of $29.46 billion, a price-to-earnings ratio of 10.39, a price-to-earnings-growth ratio of 6.67 and a beta of 1.05. The stock’s 50-day moving average is $2.17 and its two-hundred day moving average is $2.22. Ambev S.A. has a 1-year low of $1.86 and a 1-year high of $2.84.

Ambev Cuts Dividend

The business also recently announced an annual dividend, which will be paid on Thursday, January 9th. Investors of record on Monday, December 23rd will be given a $0.0414 dividend. This represents a dividend yield of 1.93%. The ex-dividend date of this dividend is Monday, December 23rd. Ambev’s dividend payout ratio (DPR) is 38.89%.

Ambev Profile

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.