Ambev S.A. (NYSE:ABEV) Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC increased its position in shares of Ambev S.A. (NYSE:ABEV - Free Report) by 7.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,961,414 shares of the company's stock after buying an additional 136,438 shares during the period. Hsbc Holdings PLC's holdings in Ambev were worth $3,629,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Insight Inv LLC purchased a new stake in shares of Ambev during the 4th quarter worth about $25,000. Generation Capital Management LLC acquired a new position in Ambev in the 4th quarter worth about $28,000. Naviter Wealth LLC purchased a new position in Ambev during the fourth quarter worth approximately $29,000. Exchange Traded Concepts LLC acquired a new stake in Ambev in the fourth quarter valued at approximately $30,000. Finally, NewEdge Advisors LLC grew its holdings in Ambev by 51.4% in the fourth quarter. NewEdge Advisors LLC now owns 17,084 shares of the company's stock valued at $32,000 after purchasing an additional 5,798 shares during the period. Institutional investors and hedge funds own 8.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ABEV shares. StockNews.com began coverage on Ambev in a research report on Wednesday, April 23rd. They set a "buy" rating on the stock. Barclays dropped their target price on shares of Ambev from $2.50 to $2.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 21st. Bank of America cut shares of Ambev from a "buy" rating to a "neutral" rating in a research note on Friday, January 17th. Citigroup reaffirmed a "neutral" rating on shares of Ambev in a research note on Wednesday, January 22nd. Finally, UBS Group lowered Ambev from a "buy" rating to a "neutral" rating in a research note on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $2.45.

Ambev Stock Performance

Shares of Ambev stock opened at $2.54 on Wednesday. The business's 50 day moving average price is $2.27 and its 200 day moving average price is $2.12. The company has a market cap of $40.02 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 5.80 and a beta of 0.68. 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 one year low of $1.76 and a one year high of $2.57.

Ambev (NYSE:ABEV - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). Ambev had a return on equity of 16.12% and a net margin of 17.02%. The company had revenue of $4.63 billion for the quarter, compared to analysts' expectations of $22.42 billion. On average, research analysts predict that Ambev S.A. will post 0.18 EPS for the current year.

Ambev Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Tuesday, March 18th were issued a $0.0221 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.09 annualized dividend and a yield of 3.47%. Ambev's payout ratio is 52.94%.

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.

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