Qtron Investments LLC Acquires Shares of 233,928 Ambev S.A. $ABEV

Key Points

• Qtron Investments LLC made a significant investment of $545,000 in Ambev S.A., acquiring 233,928 shares during the first quarter of the year.
• Ambev also increased its dividend from $0.02 to $0.023 per share, resulting in a dividend yield of 660.0%.
• The company reported earnings of $0.03 per share, meeting analysts' expectations, alongside a quarterly revenue of $3.59 billion.

Qtron Investments LLC bought a new stake in Ambev S.A. (NYSE:ABEV - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 233,928 shares of the company's stock, valued at approximately $545,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Robeco Institutional Asset Management B.V. acquired a new position in Ambev in the first quarter valued at $925,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Ambev by 14.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 339,069 shares of the company's stock valued at $790,000 after buying an additional 42,722 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in Ambev by 46.8% in the first quarter. Sequoia Financial Advisors LLC now owns 99,571 shares of the company's stock valued at $232,000 after buying an additional 31,746 shares during the period. Altrius Capital Management Inc lifted its holdings in Ambev by 13.3% in the first quarter. Altrius Capital Management Inc now owns 4,058,686 shares of the company's stock valued at $9,457,000 after buying an additional 475,419 shares during the period. Finally, Private Management Group Inc. lifted its holdings in Ambev by 6.4% in the first quarter. Private Management Group Inc. now owns 15,439,216 shares of the company's stock valued at $35,973,000 after buying an additional 926,982 shares during the period. Institutional investors and hedge funds own 8.13% of the company's stock.

Ambev Stock Up 1.6%

Shares of ABEV traded up $0.0350 on Friday, reaching $2.2250. The company's stock had a trading volume of 16,212,793 shares, compared to its average volume of 26,237,414. The company has a current ratio of 1.11, a quick ratio of 0.80 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. The stock has a market capitalization of $35.06 billion, a PE ratio of 13.91, a PEG ratio of 2.39 and a beta of 0.74. The firm has a fifty day moving average of $2.33 and a 200-day moving average of $2.31.

Ambev (NYSE:ABEV - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.03 earnings per share 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 company had revenue of $3.59 billion for the quarter, compared to analyst estimates of $21.84 billion. Equities analysts predict that Ambev S.A. will post 0.18 EPS for the current year.

Ambev Increases Dividend

The firm also recently announced a -- dividend, which will be paid on Tuesday, October 14th. Investors of record on Monday, August 11th will be issued a $0.023 dividend. The ex-dividend date is Monday, August 11th. This represents a dividend yield of 660.0%. This is a boost from Ambev's previous -- dividend of $0.02. Ambev's dividend payout ratio (DPR) is currently 31.25%.

Analyst Ratings Changes

Several equities analysts recently issued reports on ABEV shares. UBS Group dropped their target price on shares of Ambev from $2.50 to $2.20 and set a "neutral" rating on the stock in a report on Wednesday. Hsbc Global Res upgraded Ambev to a "hold" rating in a research note on Friday, August 1st. Barclays raised 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. Finally, HSBC restated a "hold" rating on shares of Ambev in a research note on Friday, August 1st. Six investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Ambev has an average rating of "Reduce" and a consensus price target of $2.35.

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.