SG Americas Securities LLC purchased a new position in Ambev S.A. (NYSE:ABEV - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 154,184 shares of the company's stock, valued at approximately $359,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. GAMMA Investing LLC boosted its stake in Ambev by 468.4% during the 1st quarter. GAMMA Investing LLC now owns 10,998 shares of the company's stock valued at $26,000 after acquiring an additional 9,063 shares during the last quarter. Generation Capital Management LLC acquired a new stake in shares of Ambev in the 4th quarter valued at about $28,000. Naviter Wealth LLC acquired a new stake in shares of Ambev in the 4th quarter valued at about $29,000. NewEdge Advisors LLC lifted its position 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 last quarter. Finally, First Trust Advisors LP acquired a new position in Ambev in the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 8.13% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on ABEV. Wall Street Zen started coverage on Ambev in a report on Wednesday, April 23rd. They issued a "buy" rating for the company. Barclays boosted their price target on Ambev from $2.00 to $2.50 and gave the company an "equal weight" rating in a report on Monday, May 12th. Morgan Stanley cut Ambev from an "equal weight" rating to an "underweight" rating in a research note on Monday, April 7th. Finally, UBS Group lifted their price objective on shares of Ambev from $2.60 to $2.70 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $2.60.
Check Out Our Latest Analysis on Ambev
Ambev Stock Performance
NYSE ABEV traded down $0.03 during trading hours on Friday, reaching $2.35. The company's stock had a trading volume of 6,250,851 shares, compared to its average volume of 30,169,709. 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 business has a 50-day simple moving average of $2.47 and a 200 day simple moving average of $2.19. Ambev S.A. has a 52 week low of $1.76 and a 52 week high of $2.64. The stock has a market cap of $36.95 billion, a PE ratio of 14.66, a PEG ratio of 2.46 and a beta of 0.76.
Ambev (NYSE:ABEV - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.04 earnings per share for the quarter, hitting analysts' consensus estimates of $0.04. Ambev had a return on equity of 14.74% and a net margin of 15.76%. The business had revenue of $3.92 billion for the quarter, compared to analysts' expectations of $22.40 billion. Equities research analysts predict that Ambev S.A. will post 0.18 earnings per share for the current fiscal 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 paid a $0.0219 dividend. This represents a yield of 5%. The ex-dividend date is Monday, May 19th. Ambev's payout ratio 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.
Further Reading
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