Arkadios Wealth Advisors Buys Shares of 113,406 Ambev S.A. (NYSE:ABEV)

Arkadios Wealth Advisors bought a new stake in Ambev S.A. (NYSE:ABEV - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 113,406 shares of the company's stock, valued at approximately $264,000.

A number of other large investors have also modified their holdings of ABEV. GAMMA Investing LLC raised its position 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 acquiring an additional 9,063 shares during the last quarter. Perigon Wealth Management LLC acquired a new stake in Ambev during the 1st quarter worth $27,000. U.S. Capital Wealth Advisors LLC bought a new position in shares of Ambev in the 1st quarter worth $28,000. M&T Bank Corp bought a new stake in Ambev in the first quarter valued at about $30,000. Finally, Generation Capital Management LLC bought a new position in Ambev during the fourth quarter worth about $28,000. 8.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ABEV shares. Wall Street Zen initiated coverage on shares of Ambev in a report on Wednesday, April 23rd. They set a "buy" rating for the company. HSBC reissued a "hold" rating on shares of Ambev in a research note on Friday, August 1st. Hsbc Global Res raised shares of Ambev to a "hold" rating in a research report on Friday, August 1st. Barclays upped their price objective on Ambev from $2.00 to $2.50 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Finally, UBS Group raised their price target on shares of Ambev from $2.60 to $2.70 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $2.60.

Ambev Price Performance

Shares of NYSE:ABEV opened at $2.26 on Thursday. The firm has a market cap of $35.53 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 2.41 and a beta of 0.74. Ambev S.A. has a 52 week low of $1.76 and a 52 week high of $2.63. The firm's fifty day moving average is $2.39 and its 200-day moving average is $2.28. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.80 and a current ratio of 1.11.

Ambev (NYSE:ABEV - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. The business had revenue of $3.59 billion for the quarter, compared to analyst estimates of $21.84 billion. Ambev had a net margin of 16.18% and a return on equity of 15.39%. Sell-side analysts predict that Ambev S.A. will post 0.18 earnings per share for the current year.

Ambev Increases Dividend

The firm also recently disclosed a -- dividend, which will be paid on Tuesday, October 14th. Investors of record on Monday, August 11th will be paid a $0.023 dividend. The ex-dividend date is Monday, August 11th. This represents a yield of 660.0%. This is a positive change from Ambev's previous -- dividend of $0.02. Ambev's dividend payout ratio (DPR) is presently 25.00%.

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.

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