Point72 Asset Management L.P. Takes $2.95 Million Position in Ambev S.A. (NYSE:ABEV)

Point72 Asset Management L.P. purchased a new position in shares of Ambev S.A. (NYSE:ABEV - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,593,900 shares of the company's stock, valued at approximately $2,949,000.

Other hedge funds also recently modified their holdings of the company. Insight Inv LLC acquired a new stake in shares of Ambev in the fourth quarter worth approximately $25,000. Generation Capital Management LLC acquired a new stake in shares of Ambev in the fourth quarter worth approximately $28,000. Naviter Wealth LLC acquired a new stake in shares of Ambev in the fourth quarter worth approximately $29,000. Exchange Traded Concepts LLC acquired a new stake in shares of Ambev in the fourth quarter worth approximately $30,000. Finally, NewEdge Advisors LLC boosted its position in shares of Ambev by 51.4% in the fourth 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 last quarter. 8.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ABEV. Barclays raised their target price on shares of Ambev from $2.00 to $2.50 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Morgan Stanley lowered shares of Ambev from an "equal weight" rating to an "underweight" rating in a report on Monday, April 7th. Wall Street Zen initiated coverage on shares of Ambev in a report on Wednesday, April 23rd. They issued a "buy" rating on the stock. Finally, UBS Group lowered shares of Ambev from a "buy" rating to a "neutral" rating in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $2.70.

Ambev Trading Up 0.6%

NYSE ABEV traded up $0.02 during mid-day trading on Friday, hitting $2.53. The company's stock had a trading volume of 22,743,096 shares, compared to its average volume of 29,223,287. Ambev S.A. has a 52-week low of $1.76 and a 52-week high of $2.64. The stock's fifty day simple moving average is $2.40 and its two-hundred day simple moving average is $2.15. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 0.89. The firm has a market capitalization of $39.79 billion, a P/E ratio of 14.03, a price-to-earnings-growth ratio of 5.80 and a beta of 0.80.

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

Ambev Cuts Dividend

The company also recently disclosed 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. The ex-dividend date is Monday, May 19th. This represents a dividend yield of 5%. Ambev's dividend payout ratio is currently 68.75%.

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.