Ambev S.A. (NYSE:ABEV) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its stake in shares of Ambev S.A. (NYSE:ABEV - Free Report) by 70.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,677 shares of the company's stock after selling 170,000 shares during the quarter. Yousif Capital Management LLC's holdings in Ambev were worth $165,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in ABEV. GAMMA Investing LLC grew its holdings in shares of Ambev by 468.4% during the first quarter. GAMMA Investing LLC now owns 10,998 shares of the company's stock worth $26,000 after buying an additional 9,063 shares in the last quarter. Naviter Wealth LLC purchased a new position in shares of Ambev during the fourth quarter valued at approximately $29,000. Generation Capital Management LLC acquired a new stake in Ambev during the fourth quarter worth approximately $28,000. NewEdge Advisors LLC grew its stake in 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. Finally, First Trust Advisors LP purchased a new stake in Ambev in the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 8.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ABEV shares. Wall Street Zen started coverage on Ambev in a report on Wednesday, April 23rd. They set a "buy" rating on the stock. UBS Group increased their target price on Ambev from $2.60 to $2.70 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Barclays lifted their price target on Ambev from $2.00 to $2.50 and gave the company an "equal weight" rating in a report on Monday, May 12th. Finally, Morgan Stanley lowered shares of Ambev from an "equal weight" rating to an "underweight" rating in a report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $2.60.

Ambev Price Performance

Shares of Ambev stock opened at $2.40 on Friday. The business's fifty day moving average price is $2.47 and its 200 day moving average price is $2.19. Ambev S.A. has a twelve month low of $1.76 and a twelve month high of $2.64. The company has a current ratio of 1.11, a quick ratio of 0.80 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $37.74 billion, a P/E ratio of 14.97, a PEG ratio of 2.53 and a beta of 0.76.

Ambev (NYSE:ABEV - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.04 EPS for the quarter, hitting analysts' consensus estimates of $0.04. Ambev had a return on equity of 14.74% and a net margin of 15.76%. The company had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $22.40 billion. As a group, research analysts anticipate that Ambev S.A. will post 0.18 earnings per share for the current year.

Ambev Cuts Dividend

The firm also recently declared a -- dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, May 19th will be given a dividend of $0.0219 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a yield of 5%. Ambev's dividend payout ratio (DPR) is 68.75%.

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.

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