Wynn Capital LLC Acquires 16,435 Shares of Ambev S.A. (NYSE:ABEV)

Wynn Capital LLC boosted its stake in shares of Ambev S.A. (NYSE:ABEV) by 20.2% in the fourth quarter, HoldingsChannel reports. The firm owned 97,790 shares of the company’s stock after purchasing an additional 16,435 shares during the quarter. Wynn Capital LLC’s holdings in Ambev were worth $181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its holdings in Ambev by 26.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 947,932 shares of the company’s stock worth $1,943,000 after purchasing an additional 198,462 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Ambev by 6.2% during the second quarter. American Century Companies Inc. now owns 1,798,559 shares of the company’s stock worth $3,687,000 after buying an additional 104,651 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Ambev by 7.2% in the second quarter. Oppenheimer Asset Management Inc. now owns 809,018 shares of the company’s stock valued at $1,658,000 after acquiring an additional 54,659 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Ambev by 3.5% in the second quarter. Envestnet Asset Management Inc. now owns 5,129,849 shares of the company’s stock valued at $10,516,000 after acquiring an additional 175,485 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in Ambev by 27.7% during the second quarter. Renaissance Technologies LLC now owns 34,133,000 shares of the company’s stock worth $69,973,000 after acquiring an additional 7,412,395 shares during the period. 8.13% of the stock is owned by institutional investors.

Ambev Stock Up 0.8 %

Shares of NYSE ABEV opened at $1.81 on Wednesday. The stock has a market capitalization of $28.44 billion, a P/E ratio of 10.03, a PEG ratio of 6.67 and a beta of 1.05. The stock’s fifty day moving average is $2.07 and its 200 day moving average is $2.19. Ambev S.A. has a 52 week low of $1.76 and a 52 week high of $2.75. 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 Cuts Dividend

The company also recently announced an annual dividend, which was paid on Thursday, January 9th. Shareholders of record on Monday, December 23rd were issued a $0.0414 dividend. This represents a yield of 1.93%. The ex-dividend date was Monday, December 23rd. Ambev’s dividend payout ratio is currently 33.33%.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Ambev in a research report on Saturday. They set a “buy” rating on the stock.

About Ambev

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.