Aquatic Capital Management LLC Purchases 774,556 Shares of Ambev S.A. (NYSE:ABEV)

Aquatic Capital Management LLC raised its position in Ambev S.A. (NYSE:ABEV - Free Report) by 210.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,143,156 shares of the company's stock after acquiring an additional 774,556 shares during the period. Aquatic Capital Management LLC's holdings in Ambev were worth $2,115,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of ABEV. Insight Inv LLC bought a new stake in Ambev in the 4th quarter valued at approximately $25,000. Generation Capital Management LLC bought a new stake in Ambev in the 4th quarter valued at approximately $28,000. Naviter Wealth LLC bought a new stake in Ambev in the 4th quarter valued at approximately $29,000. Exchange Traded Concepts LLC bought a new stake in Ambev in the 4th quarter valued at approximately $30,000. Finally, NewEdge Advisors LLC lifted its stake in Ambev by 51.4% in the 4th quarter. NewEdge Advisors LLC now owns 17,084 shares of the company's stock valued at $32,000 after acquiring an additional 5,798 shares in the last quarter. Institutional investors own 8.13% of the company's stock.

Ambev Stock Up 0.8 %

ABEV opened at $2.49 on Tuesday. Ambev S.A. has a 1-year low of $1.76 and a 1-year high of $2.56. The stock's fifty day simple moving average is $2.26 and its 200 day simple moving average is $2.12. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.02. The stock has a market cap of $39.24 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 5.80 and a beta of 0.68.

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

Ambev Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Tuesday, March 18th were issued a $0.0221 dividend. This represents a $0.09 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date was Tuesday, March 18th. Ambev's dividend payout ratio is 52.94%.

Analyst Upgrades and Downgrades

ABEV has been the topic of a number of analyst reports. StockNews.com initiated coverage on Ambev in a research note on Wednesday, April 23rd. They set a "buy" rating on the stock. Bank of America cut Ambev from a "buy" rating to a "neutral" rating in a research note on Friday, January 17th. Morgan Stanley cut Ambev from an "equal weight" rating to an "underweight" rating in a research note on Monday, April 7th. Citigroup restated a "neutral" rating on shares of Ambev in a research note on Wednesday, January 22nd. Finally, UBS Group cut Ambev from a "buy" rating to a "neutral" rating in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $2.45.

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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