Yousif Capital Management LLC Sells 170,000 Shares of Ambev S.A. (NYSE:ABEV)

Yousif Capital Management LLC reduced its holdings in shares of Ambev S.A. (NYSE:ABEV - Free Report) by 70.6% in the 1st quarter, according to its most recent filing with the Securities & 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. CHICAGO TRUST Co NA raised its holdings in Ambev by 50.1% during the first quarter. CHICAGO TRUST Co NA now owns 109,997 shares of the company's stock worth $256,000 after acquiring an additional 36,736 shares in the last quarter. Wynn Capital LLC raised its stake in shares of Ambev by 16.6% during the 1st quarter. Wynn Capital LLC now owns 114,020 shares of the company's stock worth $266,000 after purchasing an additional 16,230 shares in the last quarter. First Affirmative Financial Network raised its stake in shares of Ambev by 47.7% during the 1st quarter. First Affirmative Financial Network now owns 66,993 shares of the company's stock worth $156,000 after purchasing an additional 21,638 shares in the last quarter. Armstrong Fleming & Moore Inc acquired a new stake in shares of Ambev in the 1st quarter valued at approximately $125,000. Finally, Merit Financial Group LLC bought a new position in shares of Ambev in the first quarter valued at $126,000. 8.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ABEV has been the topic of several analyst reports. 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. UBS Group upped their target price on shares of Ambev from $2.60 to $2.70 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Barclays lifted their price target on Ambev from $2.00 to $2.50 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Finally, Morgan Stanley lowered Ambev from an "equal weight" rating to an "underweight" rating in a research note on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $2.60.

Ambev Stock Performance

Shares of ABEV traded down $0.08 during trading hours on Wednesday, hitting $2.32. The company had a trading volume of 63,093,169 shares, compared to its average volume of 30,229,606. The business has a fifty day moving average of $2.47 and a 200-day moving average of $2.19. The company has a quick ratio of 0.80, a current ratio of 1.11 and a debt-to-equity ratio of 0.02. The firm has a market cap of $36.56 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 2.57 and a beta of 0.76. Ambev S.A. has a 12 month low of $1.76 and a 12 month high of $2.64.

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

Ambev Cuts Dividend

The company also recently declared a -- dividend, which will be paid on Thursday, July 17th. Investors 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 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.