TD Private Client Wealth LLC Has $97,000 Stock Holdings in Ambev S.A. (NYSE:ABEV)

TD Private Client Wealth LLC grew its position in shares of Ambev S.A. (NYSE:ABEV) by 28.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,677 shares of the company’s stock after purchasing an additional 8,906 shares during the quarter. TD Private Client Wealth LLC’s holdings in Ambev were worth $97,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Barclays PLC raised its position in shares of Ambev by 76.9% during the third quarter. Barclays PLC now owns 52,625 shares of the company’s stock worth $128,000 after acquiring an additional 22,880 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Ambev during the third quarter worth about $509,000. MML Investors Services LLC raised its position in shares of Ambev by 23.9% during the third quarter. MML Investors Services LLC now owns 196,594 shares of the company’s stock worth $480,000 after acquiring an additional 37,981 shares during the last quarter. MCIA Inc bought a new stake in Ambev in the third quarter worth approximately $25,000. Finally, Orion Portfolio Solutions LLC increased its holdings in Ambev by 29.0% in the third quarter. Orion Portfolio Solutions LLC now owns 103,621 shares of the company’s stock worth $253,000 after purchasing an additional 23,298 shares in the last quarter. 8.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Ambev in a report on Friday, October 18th. They issued a “buy” rating for the company.

Ambev Trading Down 1.8 %

Shares of ABEV stock opened at $2.14 on Monday. The company has a market cap of $33.71 billion, a P/E ratio of 11.89, a PEG ratio of 6.67 and a beta of 1.05. The stock has a 50 day simple moving average of $2.24 and a two-hundred day simple moving average of $2.23. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 1.20. Ambev S.A. has a fifty-two week low of $2.01 and a fifty-two week high of $3.00.

Ambev Cuts Dividend

The firm also recently announced an annual dividend, which will be paid on Thursday, January 9th. Shareholders of record on Monday, December 23rd will be issued a $0.0414 dividend. The ex-dividend date is Monday, December 23rd. This represents a yield of 1.93%. Ambev’s payout ratio is currently 72.22%.

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.