201,134 Shares in Ambev S.A. (NYSE:ABEV) Purchased by Farringdon Capital Ltd.

Farringdon Capital Ltd. purchased a new position in Ambev S.A. (NYSE:ABEV - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 201,134 shares of the company's stock, valued at approximately $372,000.

A number of other institutional investors also recently made changes to their positions in the stock. NewEdge Advisors LLC lifted its stake in shares of Ambev by 51.4% in the 4th quarter. NewEdge Advisors LLC now owns 17,084 shares of the company's stock worth $32,000 after acquiring an additional 5,798 shares during the period. Dodge & Cox acquired a new stake in shares of Ambev in the 4th quarter worth approximately $381,000. Walleye Capital LLC acquired a new stake in Ambev during the fourth quarter valued at approximately $1,519,000. Savvy Advisors Inc. lifted its stake in Ambev by 52.9% during the fourth quarter. Savvy Advisors Inc. now owns 33,061 shares of the company's stock valued at $61,000 after purchasing an additional 11,438 shares during the last quarter. Finally, Quinn Opportunity Partners LLC acquired a new stake in Ambev during the fourth quarter valued at approximately $148,000. 8.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Citigroup reissued a "neutral" rating on shares of Ambev in a research note on Wednesday, January 22nd. UBS Group lowered shares of Ambev from a "buy" rating to a "neutral" rating in a report on Tuesday. StockNews.com began coverage on shares of Ambev in a report on Wednesday. They set a "buy" rating on the stock. Morgan Stanley lowered shares of Ambev from an "equal weight" rating to an "underweight" rating in a research note on Monday, April 7th. 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 given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $2.45.

Ambev Stock Up 0.2 %

Shares of ABEV traded up $0.01 during mid-day trading on Thursday, hitting $2.46. 27,139,099 shares of the company's stock were exchanged, compared to its average volume of 36,003,051. The firm has a fifty day moving average of $2.22 and a two-hundred day moving average of $2.12. Ambev S.A. has a twelve month low of $1.76 and a twelve month high of $2.56. The stock has a market cap of $38.69 billion, a price-to-earnings ratio of 13.64, a P/E/G 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 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 business had revenue of $4.63 billion for the quarter, compared to analyst estimates of $22.42 billion. On average, sell-side analysts forecast that Ambev S.A. will post 0.18 earnings per share for the current year.

Ambev Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.0221 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.09 annualized dividend and a dividend yield of 3.59%. Ambev's dividend payout ratio (DPR) is 52.94%.

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.