Kapitalo Investimentos Ltda Takes Position in Ambev S.A. $ABEV

Key Points

• Kapitalo Investimentos Ltda has taken a new position in Ambev S.A., purchasing 564,136 shares worth approximately $1.36 million in the second quarter.
• Ambev will pay an increased $0.023 dividend on October 14th, up from its previous dividend of $0.02, reflecting a significant dividend yield of 660.0%.
• The current share price of Ambev is $2.31, with a market cap of $36.40 billion and a PE ratio of 14.44, indicating a stable financial position.

Kapitalo Investimentos Ltda bought a new stake in Ambev S.A. (NYSE:ABEV - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 564,136 shares of the company's stock, valued at approximately $1,360,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Northern Trust Corp raised its stake in shares of Ambev by 17.8% in the 1st quarter. Northern Trust Corp now owns 7,757,412 shares of the company's stock valued at $18,075,000 after acquiring an additional 1,170,397 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new position in shares of Ambev in the 1st quarter valued at about $925,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Ambev by 14.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 339,069 shares of the company's stock worth $790,000 after acquiring an additional 42,722 shares during the last quarter. American Century Companies Inc. boosted its stake in Ambev by 10.0% in the 1st quarter. American Century Companies Inc. now owns 2,455,125 shares of the company's stock valued at $5,720,000 after purchasing an additional 222,768 shares during the period. Finally, Invesco Ltd. increased its stake in Ambev by 98.6% during the 1st quarter. Invesco Ltd. now owns 3,803,683 shares of the company's stock worth $8,863,000 after acquiring an additional 1,887,987 shares during the period. Institutional investors and hedge funds own 8.13% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on ABEV. UBS Group lowered their price objective on Ambev from $2.50 to $2.20 and set a "neutral" rating for the company in a research report on Wednesday, August 20th. Hsbc Global Res upgraded shares of Ambev to a "hold" rating in a report on Friday, August 1st. Finally, HSBC restated a "hold" rating on shares of Ambev in a research report on Friday, August 1st. Six equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average target price of $2.35.

Ambev Price Performance

NYSE:ABEV traded down $0.03 during trading hours on Monday, hitting $2.28. 27,236,163 shares of the stock were exchanged, compared to its average volume of 38,338,036. Ambev S.A. has a 52-week low of $1.76 and a 52-week high of $2.63. The company has a market cap of $35.85 billion, a P/E ratio of 14.22, a P/E/G ratio of 2.38 and a beta of 0.84. The company has a current ratio of 1.11, a quick ratio of 0.80 and a debt-to-equity ratio of 0.02. The firm's fifty day moving average price is $2.27 and its 200 day moving average price is $2.36.

Ambev (NYSE:ABEV - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.03 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 for the quarter, compared to analyst estimates of $21.84 billion. As a group, equities research analysts anticipate that Ambev S.A. will post 0.18 EPS for the current fiscal year.

Ambev Increases Dividend

The firm also recently declared a -- dividend, which will be paid on Tuesday, October 14th. Shareholders 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. This represents a yield of 660.0%. The ex-dividend date is Monday, August 11th. Ambev's dividend payout ratio is presently 31.25%.

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.