Strategic Global Advisors LLC Invests $297,000 in Ambev S.A. (NYSE:ABEV)

Strategic Global Advisors LLC bought a new stake in shares of Ambev S.A. (NYSE:ABEV - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 160,324 shares of the company's stock, valued at approximately $297,000.

Other large investors have also recently bought and sold shares of the company. Insight Inv LLC acquired a new position in shares of Ambev in the 4th quarter valued at $25,000. Generation Capital Management LLC bought a new stake in Ambev during the 4th quarter worth about $28,000. Naviter Wealth LLC acquired a new position in Ambev during the 4th quarter valued at about $29,000. Exchange Traded Concepts LLC acquired a new position in Ambev during the 4th quarter valued at about $30,000. Finally, NewEdge Advisors LLC lifted its position in Ambev by 51.4% during the 4th quarter. NewEdge Advisors LLC now owns 17,084 shares of the company's stock valued at $32,000 after purchasing an additional 5,798 shares during the period. 8.13% of the stock is currently owned by institutional investors and hedge funds.

Ambev Trading Up 0.6%

Shares of NYSE:ABEV traded up $0.02 during mid-day trading on Friday, reaching $2.53. The stock had a trading volume of 22,743,096 shares, compared to its average volume of 29,310,174. The firm has a market cap of $39.79 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 5.80 and a beta of 0.80. The firm has a 50 day simple moving average of $2.40 and a two-hundred day simple moving average of $2.15. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.02. Ambev S.A. has a twelve month low of $1.76 and a twelve month 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 for the quarter, meeting analysts' consensus estimates 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 net margin of 17.02% and a return on equity of 16.12%. On average, research analysts predict that Ambev S.A. will post 0.18 EPS for the current fiscal year.

Ambev Cuts Dividend

The business also recently announced a -- dividend, which will be paid on Thursday, July 17th. Shareholders 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 yield of 5%. Ambev's dividend payout ratio (DPR) is currently 68.75%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ABEV. Wall Street Zen began coverage on shares of Ambev in a research report on Wednesday, April 23rd. They set a "buy" rating on the stock. Barclays upped their target price on shares of Ambev from $2.00 to $2.50 and gave the company an "equal weight" rating in a research report on Monday, May 12th. UBS Group downgraded shares of Ambev from a "buy" rating to a "neutral" rating in a research report on Tuesday, April 22nd. Finally, Morgan Stanley downgraded shares of Ambev from an "equal weight" rating to an "underweight" rating in a research report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $2.70.

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.