Daiwa Securities Group Inc. reduced its stake in shares of Ambev SA (NYSE:ABEV) by 17.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 519,500 shares of the company’s stock after selling 106,800 shares during the period. Daiwa Securities Group Inc.’s holdings in Ambev SA were worth $3,164,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. increased its position in Ambev SA by 2.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 81,217 shares of the company’s stock valued at $480,000 after buying an additional 1,927 shares in the last quarter. Naples Global Advisors LLC increased its position in Ambev SA by 1.4% in the third quarter. Naples Global Advisors LLC now owns 142,285 shares of the company’s stock valued at $867,000 after buying an additional 2,000 shares in the last quarter. US Bancorp DE increased its position in Ambev SA by 3.1% in the second quarter. US Bancorp DE now owns 81,857 shares of the company’s stock valued at $484,000 after buying an additional 2,493 shares in the last quarter. Connable Office Inc. increased its position in Ambev SA by 7.8% in the second quarter. Connable Office Inc. now owns 38,280 shares of the company’s stock valued at $226,000 after buying an additional 2,759 shares in the last quarter. Finally, Global X Management Co. LLC increased its position in Ambev SA by 13.3% in the second quarter. Global X Management Co. LLC now owns 32,804 shares of the company’s stock valued at $194,000 after buying an additional 3,846 shares in the last quarter. Hedge funds and other institutional investors own 7.23% of the company’s stock.

Institutional Ownership by Quarter for Ambev SA (NYSE:ABEV)

Ambev SA (NYSE:ABEV) traded down 2.35% during midday trading on Tuesday, reaching $4.99. 39,724,292 shares of the company traded hands. Ambev SA has a one year low of $3.86 and a one year high of $6.34. The firm has a 50-day moving average price of $5.66 and a 200-day moving average price of $5.76. The firm has a market capitalization of $78.34 billion, a price-to-earnings ratio of 22.28 and a beta of 0.77.

The firm also recently announced a dividend, which will be paid on Monday, December 5th. Stockholders of record on Thursday, November 3rd will be paid a dividend of $0.0514 per share. This is a boost from Ambev SA’s previous dividend of $0.04. The ex-dividend date is Tuesday, November 1st.

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Several equities analysts recently commented on ABEV shares. TheStreet upgraded shares of Ambev SA from a “hold” rating to a “buy” rating in a research note on Friday, October 28th. Morgan Stanley downgraded shares of Ambev SA from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $6.00 to $6.40 in a research note on Thursday, August 18th. They noted that the move was a valuation call. Barclays PLC started coverage on shares of Ambev SA in a research note on Thursday, November 3rd. They issued an “equal weight” rating and a $6.00 price target on the stock. JPMorgan Chase & Co. upgraded shares of Ambev SA from a “neutral” rating to an “overweight” rating and set a $5.60 price target on the stock in a research note on Thursday, November 10th. Finally, Goldman Sachs Group Inc. restated a “buy” rating and issued a $6.80 price target on shares of Ambev SA in a research note on Monday, October 10th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $6.16.

About Ambev SA

Ambev SA, formerly Inbev Participacoes Societarias SA, is a Brazil-based company engaged in the brewing sector. The Company produces and sells beer, carbonated soft drinks (CSDs) and other non-alcoholic and non-carbonated (NANC) beverages across the Americas. The Company’s activities are divided into three segments: Latin America North, including sell of beer, CSD and NANC drinks in Brazil, as well as operations in Dominican Republic, Saint Vincent, Antigua, Dominica, Guatemala, El Salvador, Nicaragua and Cuba; Latin America South, distributing products in Argentina, Bolivia, Paraguay, Uruguay, Chile, Ecuador, Peru and Colombia, and Canada, represented by Labatt’s operations, which comprises sales in Canada.

5 Day Chart for NYSE:ABEV

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