Natixis Advisors LLC Has $2.80 Million Position in Ambev S.A. (NYSE:ABEV)

Key Points

• Natixis Advisors LLC reduced its stake in Ambev S.A. by 26.1%, now holding 1,199,484 shares valued at approximately $2.80 million.
• Several institutional investors, including GAMMA Investing LLC and Perigon Wealth Management LLC, have recently modified their positions, reflecting a 468.4% increase in GAMMA's stake.
• Ambev announced a dividend increase to $0.023 per share, payable on October 14th, representing a yield of 660.0%, with a payout ratio of 68.75%.

Natixis Advisors LLC cut its position in Ambev S.A. (NYSE:ABEV - Free Report) by 26.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,199,484 shares of the company's stock after selling 423,598 shares during the quarter. Natixis Advisors LLC's holdings in Ambev were worth $2,795,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in 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 period. Perigon Wealth Management LLC bought a new position in shares of Ambev during the first quarter worth approximately $27,000. Generation Capital Management LLC acquired a new stake in shares of Ambev in the fourth quarter valued at approximately $28,000. U.S. Capital Wealth Advisors LLC bought a new stake in shares of Ambev in the first quarter valued at approximately $28,000. Finally, M&T Bank Corp bought a new stake in shares of Ambev in the first quarter valued at approximately $30,000. Institutional investors own 8.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ABEV. Wall Street Zen initiated coverage on Ambev in a report on Wednesday, April 23rd. They issued a "buy" rating for the company. UBS Group boosted their price target on Ambev from $2.60 to $2.70 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Barclays upped their price objective on shares of Ambev from $2.00 to $2.50 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Hsbc Global Res raised 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $2.60.

Ambev Price Performance

Shares of ABEV stock opened at $2.29 on Friday. The business has a fifty day simple moving average of $2.39 and a 200 day simple moving average of $2.28. The company has a market cap of $36.01 billion, a P/E ratio of 14.28, a P/E/G ratio of 2.47 and a beta of 0.74. 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 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 posted its earnings results on Thursday, July 31st. The company reported $0.03 EPS for the quarter, hitting analysts' consensus estimates of $0.03. Ambev had a net margin of 16.18% and a return on equity of 15.39%. The firm had revenue of $3.59 billion during the quarter, compared to analysts' expectations of $21.84 billion. On average, sell-side analysts forecast that Ambev S.A. will post 0.18 EPS for the current fiscal year.

Ambev Increases Dividend

The business also recently announced a -- dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Monday, August 11th will be given a $0.023 dividend. 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 (DPR) is 68.75%.

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.

Want to see what other hedge funds are holding ABEV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ambev S.A. (NYSE:ABEV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.