SG Americas Securities LLC bought a new position in shares of Ambev S.A. (NYSE:ABEV - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 154,184 shares of the company's stock, valued at approximately $359,000.
Several other institutional investors also recently made changes to their positions in ABEV. GAMMA Investing LLC boosted its position in shares of Ambev by 468.4% during the 1st quarter. GAMMA Investing LLC now owns 10,998 shares of the company's stock worth $26,000 after purchasing an additional 9,063 shares in the last quarter. Generation Capital Management LLC purchased a new stake in shares of Ambev during the 4th quarter worth $28,000. Naviter Wealth LLC purchased a new stake in shares of Ambev during the 4th quarter worth $29,000. NewEdge Advisors LLC boosted its position in shares of Ambev by 51.4% during the 4th quarter. NewEdge Advisors LLC now owns 17,084 shares of the company's stock worth $32,000 after purchasing an additional 5,798 shares in the last quarter. Finally, First Trust Advisors LP purchased a new stake in shares of Ambev in the 4th quarter worth about $35,000. 8.13% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts recently commented on ABEV shares. UBS Group boosted their price objective on shares of Ambev from $2.60 to $2.70 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Wall Street Zen started coverage on shares of Ambev in a research report on Wednesday, April 23rd. They issued a "buy" rating on the stock. Barclays boosted 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. Finally, Morgan Stanley lowered shares of Ambev from an "equal weight" rating to an "underweight" rating in a research report on Monday, April 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $2.60.
Get Our Latest Report on Ambev
Ambev Trading Down 0.2%
NYSE:ABEV traded down $0.01 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 company has a market cap of $37.27 billion, a price-to-earnings 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. The firm's fifty day moving average is $2.47 and its two-hundred day moving average is $2.19. 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 released its earnings results on Thursday, May 8th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.04. The company had revenue of $3.92 billion for the quarter, compared to analyst estimates of $22.40 billion. Ambev had a net margin of 15.76% and a return on equity of 14.74%. Equities analysts expect that Ambev S.A. will post 0.18 EPS for the current fiscal year.
Ambev Cuts Dividend
The company also recently announced a -- dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, May 19th will be issued a $0.0219 dividend. The ex-dividend date is Monday, May 19th. This represents a yield of 5%. Ambev's dividend payout ratio (DPR) is 68.75%.
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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