USA Mutuals Advisors Inc. Boosts Position in Ambev S.A. (ABEV)

USA Mutuals Advisors Inc. boosted its stake in shares of Ambev S.A. (NYSE:ABEV) by 50.0% during the fourth quarter, Holdings Channel reports. The fund owned 375,000 shares of the company’s stock after buying an additional 125,000 shares during the period. Ambev comprises approximately 1.1% of USA Mutuals Advisors Inc.’s investment portfolio, making the stock its 24th largest position. USA Mutuals Advisors Inc.’s holdings in Ambev were worth $1,841,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ABEV. Lazard Asset Management LLC increased its stake in shares of Ambev by 0.4% in the third quarter. Lazard Asset Management LLC now owns 88,665,812 shares of the company’s stock valued at $539,973,000 after buying an additional 391,966 shares in the last quarter. William Blair Investment Management LLC increased its stake in shares of Ambev by 6.7% in the second quarter. William Blair Investment Management LLC now owns 53,076,255 shares of the company’s stock valued at $313,681,000 after buying an additional 3,331,003 shares in the last quarter. Mondrian Investment Partners LTD increased its stake in shares of Ambev by 94.6% in the third quarter. Mondrian Investment Partners LTD now owns 29,607,100 shares of the company’s stock valued at $180,307,000 after buying an additional 14,390,500 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of Ambev by 0.3% in the third quarter. Fisher Asset Management LLC now owns 23,819,841 shares of the company’s stock valued at $145,063,000 after buying an additional 67,881 shares in the last quarter. Finally, BlackRock Group LTD increased its stake in shares of Ambev by 2.4% in the third quarter. BlackRock Group LTD now owns 23,521,009 shares of the company’s stock valued at $143,243,000 after buying an additional 556,789 shares in the last quarter. 7.33% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Ambev (NYSE:ABEV)

Shares of Ambev S.A. (NYSE:ABEV) traded up 2.38% on Tuesday, reaching $5.60. 12,019,902 shares of the company were exchanged. The stock has a 50 day moving average of $5.30 and a 200-day moving average of $5.59. Ambev S.A. has a 52-week low of $4.33 and a 52-week high of $6.34. The company has a market capitalization of $87.92 billion, a P/E ratio of 23.05 and a beta of 0.72.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 2nd. Stockholders of record on Thursday, January 26th will be issued a $0.0213 dividend. The ex-dividend date is Tuesday, January 24th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 1.52%.

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Several equities research analysts have weighed in on ABEV shares. Zacks Investment Research downgraded Ambev from a “hold” rating to a “sell” rating in a research report on Thursday, January 5th. J P Morgan Chase & Co upgraded Ambev from a “neutral” rating to an “overweight” rating and set a $5.60 target price on the stock in a research report on Thursday, November 10th. Barclays PLC initiated coverage on Ambev in a research report on Thursday, November 3rd. They set an “equal weight” rating and a $6.00 target price on the stock. Finally, TheStreet upgraded Ambev from a “hold” rating to a “buy” rating in a research report on Friday, October 28th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $6.21.

About Ambev

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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