Archford Capital Strategies LLC Sells 352,698 Shares of Ambev S.A. $ABEV

Archford Capital Strategies LLC trimmed its position in shares of Ambev S.A. (NYSE:ABEV - Free Report) by 33.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 688,742 shares of the company's stock after selling 352,698 shares during the period. Archford Capital Strategies LLC's holdings in Ambev were worth $2,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the business. First Trust Advisors LP bought a new position in shares of Ambev in the 3rd quarter valued at about $25,000. Integrated Wealth Concepts LLC bought a new position in shares of Ambev during the 1st quarter valued at approximately $26,000. IHT Wealth Management LLC bought a new position in shares of Ambev during the 4th quarter valued at approximately $27,000. S Harris Financial Group LLC purchased a new stake in Ambev during the 4th quarter valued at $28,000. Finally, Royal Palms Capital LLC purchased a new stake in Ambev during the 4th quarter valued at $29,000. Institutional investors own 8.13% of the company's stock.

Insider Activity at Ambev

In other news, Director Manuel Moreira sold 468,040 shares of Ambev stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $3.08, for a total transaction of $1,441,563.20. Following the completion of the sale, the director owned 3,000,000 shares of the company's stock, valued at approximately $9,240,000. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Analyst Ratings Changes

Several research analysts have commented on ABEV shares. UBS Group set a $2.85 price objective on shares of Ambev in a research note on Tuesday, August 11th. Wall Street Zen cut shares of Ambev from a "buy" rating to a "hold" rating in a research note on Saturday, August 22nd. Scotiabank lowered shares of Ambev from a "sector outperform" rating to a "sector perform" rating in a research report on Wednesday, July 15th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Ambev in a research note on Monday, August 3rd. Five research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Reduce" and an average target price of $3.08.

Ambev Stock Down 0.8%

Shares of ABEV opened at $3.02 on Thursday. The firm has a market capitalization of $47.52 billion, a P/E ratio of 15.07, a P/E/G ratio of 2.21 and a beta of 0.64. Ambev S.A. has a 12-month low of $2.10 and a 12-month high of $3.45. The company has a current ratio of 1.02, a quick ratio of 0.76 and a debt-to-equity ratio of 0.02. The firm has a fifty day moving average price of $2.99 and a 200-day moving average price of $3.05.

Ambev (NYSE:ABEV - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. Ambev had a net margin of 18.47% and a return on equity of 17.48%. The company had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $4.05 billion. Equities research analysts expect that Ambev S.A. will post 0.2 earnings per share for the current year.

Ambev Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 11th. Stockholders of record on Wednesday, September 23rd will be given a dividend of $0.0092 per share. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.2%. Ambev's dividend payout ratio (DPR) is 10.00%.

Ambev Company Profile

Ambev SA is a Brazilian beverage company and one of the largest brewers in Latin America. The company produces, distributes and sells beer, carbonated soft drinks and other nonalcoholic beverages through a portfolio of local, regional and international brands.

Its beer portfolio includes brands such as Skol, Brahma, Antarctica, Bohemia, Original, Stella Artois and Budweiser, while its nonalcoholic beverage offerings include products marketed under brands such as Guaraná Antarctica and Pepsi.

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