Cubist Systematic Strategies LLC acquired a new stake in Ambev S.A. (NYSE:ABEV - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 940,175 shares of the company's stock, valued at approximately $1,739,000.
Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC raised its stake in shares of Ambev by 76.9% in the third quarter. Barclays PLC now owns 52,625 shares of the company's stock valued at $128,000 after acquiring an additional 22,880 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Ambev by 5.5% in the third quarter. Franklin Resources Inc. now owns 599,291 shares of the company's stock valued at $1,402,000 after acquiring an additional 31,408 shares in the last quarter. Winthrop Advisory Group LLC raised its stake in shares of Ambev by 58.8% in the fourth quarter. Winthrop Advisory Group LLC now owns 24,634 shares of the company's stock valued at $46,000 after acquiring an additional 9,120 shares in the last quarter. Wynn Capital LLC increased its holdings in Ambev by 20.2% in the fourth quarter. Wynn Capital LLC now owns 97,790 shares of the company's stock valued at $181,000 after buying an additional 16,435 shares during the last quarter. Finally, Park Avenue Securities LLC increased its holdings in Ambev by 130.9% in the fourth quarter. Park Avenue Securities LLC now owns 66,483 shares of the company's stock valued at $123,000 after buying an additional 37,696 shares during the last quarter. 8.13% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts recently commented on ABEV shares. Citigroup reissued a "neutral" rating on shares of Ambev in a report on Wednesday, January 22nd. UBS Group lowered Ambev from a "buy" rating to a "neutral" rating in a report on Tuesday, April 22nd. StockNews.com started coverage on Ambev in a report on Wednesday, April 23rd. They set a "buy" rating on the stock. Morgan Stanley lowered Ambev from an "equal weight" rating to an "underweight" rating in a report on Monday, April 7th. Finally, Barclays raised their price objective on Ambev from $2.00 to $2.50 and gave the stock an "equal weight" rating in a report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $2.70.
View Our Latest Stock Analysis on Ambev
Ambev Stock Performance
NYSE:ABEV traded up $0.02 during mid-day trading on Friday, reaching $2.56. The stock had a trading volume of 18,751,450 shares, compared to its average volume of 29,406,180. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 1.20. The firm has a market capitalization of $40.26 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 5.80 and a beta of 0.80. Ambev S.A. has a twelve month low of $1.76 and a twelve month high of $2.64. The business has a 50 day simple moving average of $2.38 and a 200 day simple moving average of $2.14.
Ambev (NYSE:ABEV - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.04 EPS for the quarter, meeting analysts' consensus estimates of $0.04. The firm had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $22.40 billion. Ambev had a net margin of 17.02% and a return on equity of 16.12%. On average, analysts expect that Ambev S.A. will post 0.18 earnings per share for the current fiscal year.
Ambev Cuts Dividend
The company also recently declared a -- dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, May 19th will be paid a dividend of $0.0219 per share. This represents a dividend yield of 5%. The ex-dividend date is Monday, May 19th. Ambev's dividend payout ratio (DPR) is 68.75%.
About Ambev
(
Free Report)
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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