Two Sigma Advisers LP Has $30.26 Million Position in Ambev S.A. (NYSE:ABEV)

Two Sigma Advisers LP lifted its holdings in shares of Ambev S.A. (NYSE:ABEV - Free Report) by 329.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,354,000 shares of the company's stock after purchasing an additional 12,546,800 shares during the quarter. Two Sigma Advisers LP owned approximately 0.10% of Ambev worth $30,255,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Insight Inv LLC acquired a new position in Ambev during the fourth quarter worth $25,000. Generation Capital Management LLC bought a new stake in shares of Ambev during the 4th quarter worth about $28,000. Naviter Wealth LLC bought a new stake in shares of Ambev during the 4th quarter worth about $29,000. Exchange Traded Concepts LLC acquired a new position in shares of Ambev during the 4th quarter valued at about $30,000. Finally, NewEdge Advisors LLC raised 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 valued at $32,000 after acquiring an additional 5,798 shares in the last quarter. Institutional investors own 8.13% of the company's stock.

Ambev Stock Performance

NYSE ABEV traded up $0.02 during trading on Monday, hitting $2.53. The company's stock had a trading volume of 22,743,096 shares, compared to its average volume of 29,310,174. Ambev S.A. has a 52 week low of $1.76 and a 52 week high of $2.64. The firm has a market cap 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. The firm has a 50 day moving average price of $2.40 and a 200 day moving average price of $2.15. 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 earnings results on Thursday, May 8th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.04. The business 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%. Equities research analysts forecast that Ambev S.A. will post 0.18 earnings per share for the current fiscal year.

Ambev Cuts Dividend

The business also recently disclosed 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 of this dividend is Monday, May 19th. This represents a dividend yield of 5%. Ambev's payout ratio is 68.75%.

Analyst Ratings Changes

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

About Ambev

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.