Wells Fargo & Company MN Sells 157,283 Shares of Ambev S.A. (NYSE:ABEV)

Wells Fargo & Company MN decreased its stake in shares of Ambev S.A. (NYSE:ABEV - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,531,407 shares of the company's stock after selling 157,283 shares during the period. Wells Fargo & Company MN's holdings in Ambev were worth $6,533,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Insight Inv LLC bought a new stake in Ambev in the 4th quarter valued at $25,000. Naviter Wealth LLC acquired a new stake in Ambev in the 4th quarter valued at about $29,000. Exchange Traded Concepts LLC bought a new position in shares of Ambev in the fourth quarter worth about $30,000. Angeles Wealth Management LLC acquired a new position in shares of Ambev during the fourth quarter worth approximately $36,000. Finally, Mondrian Investment Partners LTD raised its position in Ambev by 40.4% in the 4th quarter. Mondrian Investment Partners LTD now owns 20,810 shares of the company's stock worth $38,000 after purchasing an additional 5,993 shares during the last quarter. 8.13% of the stock is owned by institutional investors.

Ambev Stock Down 0.2 %

Shares of ABEV stock traded down $0.01 during trading on Thursday, reaching $2.45. The company's stock had a trading volume of 22,949,071 shares, compared to its average volume of 27,883,083. Ambev S.A. has a one year low of $1.76 and a one year high of $2.56. The business has a fifty day moving average price of $2.22 and a 200-day moving average price of $2.12. The company has a market cap of $38.53 billion, a price-to-earnings ratio of 13.58, a price-to-earnings-growth ratio of 5.80 and a beta of 0.68. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.02.

Ambev (NYSE:ABEV - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Ambev had a net margin of 17.02% and a return on equity of 16.12%. The company had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $22.42 billion. Analysts anticipate that Ambev S.A. will post 0.18 earnings per share for the current year.

Ambev Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Tuesday, March 18th were paid a $0.0221 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.09 annualized dividend and a yield of 3.61%. Ambev's dividend payout ratio (DPR) is currently 52.94%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ABEV. Citigroup reissued a "neutral" rating on shares of Ambev in a research note on Wednesday, January 22nd. Morgan Stanley lowered shares of Ambev from an "equal weight" rating to an "underweight" rating in a research note on Monday, April 7th. UBS Group downgraded shares of Ambev from a "buy" rating to a "neutral" rating in a research note on Tuesday. Barclays reduced their price objective on shares of Ambev from $2.50 to $2.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 21st. Finally, Bank of America lowered shares of Ambev from a "buy" rating to a "neutral" rating in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $2.45.

Ambev Company 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.