Creative Planning Grows Position in Ambev SA (ABEV)

Creative Planning raised its position in shares of Ambev SA (NYSE:ABEV) by 125.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,225 shares of the company’s stock after buying an additional 17,948 shares during the period. Creative Planning’s holdings in Ambev were worth $208,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. raised its stake in shares of Ambev by 1.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 40,090 shares of the company’s stock valued at $220,000 after acquiring an additional 381 shares in the last quarter. Advisory Services Network LLC raised its stake in shares of Ambev by 1.0% in the second quarter. Advisory Services Network LLC now owns 179,401 shares of the company’s stock valued at $985,000 after acquiring an additional 1,700 shares in the last quarter. Earnest Partners LLC raised its stake in shares of Ambev by 4.3% in the second quarter. Earnest Partners LLC now owns 47,802 shares of the company’s stock valued at $262,000 after acquiring an additional 1,956 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Ambev by 5.8% in the second quarter. PNC Financial Services Group Inc. now owns 58,167 shares of the company’s stock valued at $318,000 after acquiring an additional 3,206 shares in the last quarter. Finally, Eqis Capital Management Inc. raised its stake in shares of Ambev by 8.6% in the third quarter. Eqis Capital Management Inc. now owns 105,835 shares of the company’s stock valued at $697,000 after acquiring an additional 8,340 shares in the last quarter. Institutional investors and hedge funds own 7.23% of the company’s stock.

Ambev SA (ABEV) traded up $0.04 during trading on Wednesday, reaching $6.71. The company’s stock had a trading volume of 3,953,983 shares, compared to its average volume of 17,587,725. Ambev SA has a one year low of $5.30 and a one year high of $7.04. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.76 and a current ratio of 0.95. The firm has a market capitalization of $104,883.36, a PE ratio of 29.04, a PEG ratio of 2.10 and a beta of 0.65.

The firm also recently declared a special dividend, which will be paid on Monday, March 5th. Shareholders of record on Friday, February 2nd will be paid a $0.0215 dividend. The ex-dividend date is Thursday, February 1st. Ambev’s dividend payout ratio is presently 83.33%.

Several analysts have recently issued reports on ABEV shares. BidaskClub cut Ambev from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Barclays reiterated an “equal weight” rating and issued a $7.00 price objective (up from $6.00) on shares of Ambev in a research note on Friday, October 27th. Zacks Investment Research cut Ambev from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. TheStreet cut Ambev from a “b” rating to a “c+” rating in a research note on Thursday, November 9th. Finally, UBS Group upgraded Ambev from a “market perform” rating to an “outperform” rating in a research note on Friday, February 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $7.83.

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Ambev Profile

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.

Institutional Ownership by Quarter for Ambev (NYSE:ABEV)

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