Fmr LLC Increases Stake in Ambev S.A. by Acquiring 20,599 Shares

Fmr LLC has significantly increased its investment in Ambev S.A. (NYSE:ABEV) by acquiring an additional 20,599 shares in the third quarter, raising its total holdings by 35.5%. Following this purchase, Fmr LLC now possesses a total of 78,604 shares of Ambev, valued at approximately $192,000 based on its latest filing with the Securities and Exchange Commission.

Other institutional investors have also been active in the market, making adjustments to their positions in Ambev. Notably, HTLF Bank initiated a new stake in Ambev worth around $26,000 during the same period. Wealthstream Advisors Inc. took a similar approach with an investment value of about $29,000, while Riversedge Advisors LLC invested approximately $31,000. Foster Group Inc. and BSW Wealth Partners both established new positions, each valued at about $33,000. Currently, institutional investors comprise about 8.13% of the company’s total stock ownership.

Recent Stock Performance

As of Friday, shares of Ambev opened at $2.06, seeing an increase of 1.5%. The company’s stock has a 50-day moving average price of $2.21 and a 200-day moving average price of $2.23. Financial metrics indicate a debt-to-equity ratio of 0.02, a quick ratio of 0.89, and a current ratio of 1.20. Ambev has a market capitalization of $32.45 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 6.67, and a beta of 1.05. Over the past year, the stock reached a low of $2.01 and a high of $2.94.

Dividend Announcement

In addition, Ambev recently announced an annual dividend for its shareholders, scheduled to be paid on Thursday, January 9th. The dividend will amount to $0.0414 per share for stocks held as of Monday, December 23rd, corresponding to a dividend yield of 1.93%. The ex-dividend date is also on December 23rd, and the company’s dividend payout ratio currently stands at 38.89%.

Analyst Outlook

Wall Street analysts remain optimistic about Ambev's prospects. StockNews.com began coverage of Ambev with a “buy” rating, indicating a positive outlook from the investment community.

Company Overview

Ambev S.A. operates as a major beverage company, producing, distributing, and selling a variety of products including beer, carbonated soft drinks, and other drinks across Brazil, Central America, the Caribbean, Latin America South, and Canada. Its product lineup features well-known brands such as Skol, Brahma, Budweiser, and many more.

Fmr, Acquisition, Ambev