Moran Wealth Management LLC grew its stake in shares of Ambev S.A. (NYSE:ABEV - Free Report) by 9.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,863,326 shares of the company's stock after acquiring an additional 157,817 shares during the period. Moran Wealth Management LLC's holdings in Ambev were worth $4,342,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of ABEV. NewEdge Advisors LLC increased its holdings in shares of Ambev by 51.4% during the fourth quarter. NewEdge Advisors LLC now owns 17,084 shares of the company's stock worth $32,000 after purchasing an additional 5,798 shares during the period. IFP Advisors Inc increased its holdings in shares of Ambev by 7.5% during the fourth quarter. IFP Advisors Inc now owns 84,868 shares of the company's stock worth $157,000 after purchasing an additional 5,900 shares during the period. Mondrian Investment Partners LTD increased its holdings in shares of Ambev by 40.4% during the fourth quarter. Mondrian Investment Partners LTD now owns 20,810 shares of the company's stock worth $38,000 after purchasing an additional 5,993 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Ambev by 7.8% during the fourth quarter. Jones Financial Companies Lllp now owns 85,142 shares of the company's stock worth $158,000 after purchasing an additional 6,164 shares during the period. Finally, PDS Planning Inc increased its holdings in shares of Ambev by 18.3% during the fourth quarter. PDS Planning Inc now owns 41,244 shares of the company's stock worth $76,000 after purchasing an additional 6,374 shares during the period. 8.13% of the stock is currently owned by institutional investors and hedge funds.
Ambev Price Performance
NYSE:ABEV traded down $0.01 during mid-day trading on Friday, reaching $2.37. The stock had a trading volume of 38,587,261 shares, compared to its average volume of 30,303,287. The stock has a 50-day simple moving average of $2.47 and a two-hundred day simple moving average of $2.19. The stock has a market capitalization of $37.27 billion, a PE ratio of 14.78, a P/E/G ratio of 2.50 and a beta of 0.76. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.11 and a quick ratio of 0.80. Ambev S.A. has a 12 month low of $1.76 and a 12 month high of $2.64.
Ambev (NYSE:ABEV - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.04. The business had revenue of $3.92 billion for the quarter, compared to analysts' expectations of $22.40 billion. Ambev had a net margin of 15.76% and a return on equity of 14.74%. On average, equities analysts anticipate that Ambev S.A. will post 0.18 earnings per share for the current year.
Ambev Cuts Dividend
The business also recently announced a -- dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, May 19th will be given a $0.0219 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a yield of 5%. Ambev's dividend payout ratio is currently 68.75%.
Wall Street Analyst Weigh In
ABEV has been the topic of several recent research reports. UBS Group raised their target price on shares of Ambev from $2.60 to $2.70 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Wall Street Zen initiated coverage on shares of Ambev in a report on Wednesday, April 23rd. They set a "buy" rating on the stock. Morgan Stanley cut shares of Ambev from an "equal weight" rating to an "underweight" rating in a report on Monday, April 7th. Finally, 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 research note on Monday, May 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $2.60.
Get Our Latest Stock Analysis on Ambev
About Ambev
(
Free Report)
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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