Cubist Systematic Strategies LLC Acquires New Holdings in Ambev S.A. (NYSE:ABEV)

Cubist Systematic Strategies LLC bought a new stake in Ambev S.A. (NYSE:ABEV - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 940,175 shares of the company's stock, valued at approximately $1,739,000.

Several other institutional investors also recently bought and sold shares of ABEV. Insight Inv LLC acquired a new position in Ambev in the fourth quarter valued at approximately $25,000. Generation Capital Management LLC purchased a new stake in Ambev in the fourth quarter valued at approximately $28,000. Naviter Wealth LLC purchased a new stake in Ambev in the fourth quarter valued at approximately $29,000. Exchange Traded Concepts LLC purchased a new stake in Ambev in the fourth quarter valued at approximately $30,000. Finally, NewEdge Advisors LLC raised its stake in shares of Ambev by 51.4% during the fourth quarter. NewEdge Advisors LLC now owns 17,084 shares of the company's stock worth $32,000 after purchasing an additional 5,798 shares during the last quarter. 8.13% of the stock is owned by institutional investors and hedge funds.

Ambev Price Performance

Shares of NYSE ABEV opened at $2.51 on Tuesday. The firm has a market cap of $39.47 billion, a PE ratio of 13.92, a price-to-earnings-growth ratio of 5.80 and a beta of 0.80. The business has a 50 day moving average price of $2.35 and a two-hundred day moving average price of $2.13. 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 S.A. has a fifty-two week low of $1.76 and a fifty-two week high of $2.64.

Ambev (NYSE:ABEV - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.04. The business had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $22.40 billion. Ambev had a return on equity of 16.12% and a net margin of 17.02%. Sell-side analysts expect that Ambev S.A. will post 0.18 earnings per share for the current fiscal year.

Ambev Cuts Dividend

The firm also recently declared a -- dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, May 19th will be issued a dividend of $0.0219 per share. The ex-dividend date is Monday, May 19th. This represents a dividend yield of 5%. Ambev's dividend payout ratio is 56.25%.

Analysts Set New Price Targets

ABEV has been the topic of a number of recent analyst reports. StockNews.com assumed coverage on Ambev in a report on Wednesday, April 23rd. They set a "buy" rating on the stock. UBS Group lowered Ambev from a "buy" rating to a "neutral" rating in a report on Tuesday, April 22nd. Bank of America lowered Ambev from a "buy" rating to a "neutral" rating in a report on Friday, January 17th. Morgan Stanley lowered Ambev from an "equal weight" rating to an "underweight" rating in a report on Monday, April 7th. Finally, Citigroup reissued a "neutral" rating on shares of Ambev in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $2.70.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.