Ambev S.A. (NYSE:ABEV) Stock Holdings Reduced by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its stake in Ambev S.A. (NYSE:ABEV - Free Report) by 48.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,965,481 shares of the company's stock after selling 2,737,236 shares during the quarter. Envestnet Asset Management Inc.'s holdings in Ambev were worth $6,910,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. NewEdge Advisors LLC grew its position in shares of 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 in the last quarter. Insigneo Advisory Services LLC grew its position in shares of Ambev by 22.1% in the 1st quarter. Insigneo Advisory Services LLC now owns 38,457 shares of the company's stock worth $90,000 after acquiring an additional 6,949 shares in the last quarter. Onyx Bridge Wealth Group LLC lifted its holdings in shares of Ambev by 27.8% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 37,368 shares of the company's stock worth $87,000 after purchasing an additional 8,137 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of Ambev by 1.0% in the 4th quarter. Stifel Financial Corp now owns 810,379 shares of the company's stock worth $1,499,000 after purchasing an additional 8,363 shares during the last quarter. Finally, Red Door Wealth Management LLC lifted its holdings in shares of Ambev by 81.0% in the 1st quarter. Red Door Wealth Management LLC now owns 19,000 shares of the company's stock worth $44,000 after purchasing an additional 8,500 shares during the last quarter. Institutional investors and hedge funds own 8.13% of the company's stock.

Ambev Trading Down 1.4%

Shares of NYSE ABEV traded down $0.04 during mid-day trading on Friday, hitting $2.39. 15,917,693 shares of the company traded hands, compared to its average volume of 30,119,472. The business has a 50 day moving average of $2.43 and a two-hundred day moving average of $2.26. The stock has a market capitalization of $37.58 billion, a price-to-earnings ratio of 14.91, a PEG ratio of 2.53 and a beta of 0.74. Ambev S.A. has a 1 year low of $1.76 and a 1 year high of $2.63. The company has a quick ratio of 0.80, a current ratio of 1.11 and a debt-to-equity ratio of 0.02.

Ambev (NYSE:ABEV - Get Free Report) last posted 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 net margin of 15.76% and a return on equity of 14.74%. The firm had revenue of $3.92 billion during the quarter, compared to analyst estimates of $22.40 billion. On average, sell-side analysts anticipate that Ambev S.A. will post 0.18 earnings per share for the current fiscal year.

Ambev Cuts Dividend

The firm also recently declared a -- dividend, which was paid on Thursday, July 17th. Stockholders of record on Monday, May 19th were issued a dividend of $0.0219 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a dividend yield of 5%. Ambev's dividend payout ratio is 68.75%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Barclays lifted their target price on Ambev from $2.00 to $2.50 and gave the company an "equal weight" rating in a research note on Monday, May 12th. UBS Group lifted their target price on Ambev from $2.60 to $2.70 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Wall Street Zen initiated coverage on Ambev in a research note on Wednesday, April 23rd. They set a "buy" rating on the stock. Finally, Morgan Stanley downgraded 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 issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $2.60.

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.