Arkadios Wealth Advisors Makes New $264,000 Investment in Ambev S.A. (NYSE:ABEV)

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

Several other hedge funds and other institutional investors have also recently modified their holdings of ABEV. Talaria Asset Management Pty Ltd purchased a new position in shares of Ambev during the 4th quarter valued at $38,602,000. Bank of America Corp DE raised its holdings in shares of Ambev by 201.7% in the 4th quarter. Bank of America Corp DE now owns 26,087,675 shares of the company's stock valued at $48,262,000 after purchasing an additional 17,440,564 shares in the last quarter. Two Sigma Advisers LP raised its stake in shares of Ambev by 329.6% during the 4th quarter. Two Sigma Advisers LP now owns 16,354,000 shares of the company's stock worth $30,255,000 after acquiring an additional 12,546,800 shares in the last quarter. Two Sigma Investments LP boosted its holdings in shares of Ambev by 202.5% in the 4th quarter. Two Sigma Investments LP now owns 13,181,359 shares of the company's stock valued at $24,386,000 after acquiring an additional 8,823,911 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in Ambev by 101.1% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 15,639,612 shares of the company's stock worth $29,512,000 after buying an additional 7,862,672 shares in the last quarter. 8.13% of the stock is owned by institutional investors.

Ambev Stock Performance

ABEV traded down $0.01 during trading on Friday, hitting $2.27. The stock had a trading volume of 14,595,296 shares, compared to its average volume of 31,989,028. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.80 and a current ratio of 1.11. The firm has a market capitalization of $35.77 billion, a P/E ratio of 14.19, a PEG ratio of 2.47 and a beta of 0.74. The company's 50-day moving average price is $2.38 and its 200 day moving average price is $2.29. Ambev S.A. has a twelve month low of $1.76 and a twelve month high of $2.63.

Ambev (NYSE:ABEV - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. Ambev had a net margin of 16.18% and a return on equity of 15.39%. The company had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $21.84 billion. On average, equities research analysts forecast that Ambev S.A. will post 0.18 EPS for the current fiscal year.

Ambev Increases Dividend

The firm also recently announced a -- dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Monday, August 11th will be paid a dividend of $0.023 per share. This is an increase from Ambev's previous -- dividend of $0.02. The ex-dividend date is Monday, August 11th. This represents a dividend yield of 660.0%. Ambev's dividend payout ratio (DPR) is currently 25.00%.

Wall Street Analysts Forecast Growth

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

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.