BNP Paribas Arbitrage SA lowered its position in shares of Ambev SA (NYSE:ABEV) by 33.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 742,802 shares of the company’s stock after selling 370,408 shares during the period. BNP Paribas Arbitrage SA’s holdings in Ambev SA were worth $4,279,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Suntrust Banks Inc. boosted its stake in Ambev SA by 51.1% in the first quarter. Suntrust Banks Inc. now owns 190,361 shares of the company’s stock worth $1,095,000 after buying an additional 64,350 shares during the last quarter. US Bancorp DE boosted its stake in shares of Ambev SA by 16.2% in the first quarter. US Bancorp DE now owns 423,319 shares of the company’s stock valued at $2,439,000 after buying an additional 58,955 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Ambev SA by 17.7% in the first quarter. Daiwa Securities Group Inc. now owns 373,800 shares of the company’s stock valued at $2,153,000 after buying an additional 56,300 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Ambev SA by 78.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 57,000 shares of the company’s stock valued at $330,000 after buying an additional 25,000 shares in the last quarter. Finally, Bbva Compass Bancshares Inc. boosted its stake in shares of Ambev SA by 47.0% in the first quarter. Bbva Compass Bancshares Inc. now owns 232,381 shares of the company’s stock valued at $1,338,000 after buying an additional 74,346 shares in the last quarter. 7.33% of the stock is owned by institutional investors and hedge funds.
Ambev SA (NYSE ABEV) opened at 5.72 on Tuesday. The company has a market cap of $89.82 billion, a P/E ratio of 25.77 and a beta of 0.72. Ambev SA has a 52-week low of $4.70 and a 52-week high of $6.39. The company has a 50-day moving average of $5.83 and a 200-day moving average of $5.46.
The company also recently disclosed a special dividend, which will be paid on Monday, July 24th. Shareholders of record on Wednesday, June 28th will be given a dividend of $0.0493 per share. The ex-dividend date is Monday, June 26th. This is a positive change from Ambev SA’s previous special dividend of $0.03. Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Ambev SA from a “buy” rating to a “hold” rating in a report on Monday, March 27th. Citigroup Inc lowered shares of Ambev SA from a “buy” rating to a “neutral” rating in a report on Friday, March 3rd. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $6.21.
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