Talaria Asset Management Pty Ltd Makes New Investment in Ambev S.A. (NYSE:ABEV)

Talaria Asset Management Pty Ltd purchased a new stake in Ambev S.A. (NYSE:ABEV - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 20,866,000 shares of the company's stock, valued at approximately $38,602,000. Ambev accounts for 9.9% of Talaria Asset Management Pty Ltd's investment portfolio, making the stock its 5th biggest position. Talaria Asset Management Pty Ltd owned 0.13% of Ambev at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ABEV. Insight Inv LLC bought a new stake in Ambev during the fourth quarter worth $25,000. Naviter Wealth LLC bought a new stake in shares of Ambev during the 4th quarter valued at about $29,000. Generation Capital Management LLC acquired a new position in Ambev during the 4th quarter worth approximately $28,000. Exchange Traded Concepts LLC acquired a new position in Ambev during the 4th quarter worth approximately $30,000. Finally, NewEdge Advisors LLC raised its stake in shares of Ambev by 51.4% in 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. Institutional investors and hedge funds own 8.13% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on ABEV shares. Wall Street Zen started coverage on Ambev in a report on Wednesday, April 23rd. They issued a "buy" rating for the company. UBS Group downgraded Ambev from a "buy" rating to a "neutral" rating in a report on Tuesday, April 22nd. Morgan Stanley downgraded Ambev from an "equal weight" rating to an "underweight" rating in a report on Monday, April 7th. Finally, Barclays upped their target price on Ambev from $2.00 to $2.50 and gave the stock an "equal weight" rating in a report on Monday, May 12th. 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 stock currently has an average rating of "Hold" and a consensus price target of $2.70.

Ambev Trading Up 0.2%

Shares of NYSE:ABEV traded up $0.01 during trading on Thursday, hitting $2.49. The company had a trading volume of 23,181,736 shares, compared to its average volume of 29,348,109. Ambev S.A. has a one year low of $1.76 and a one year high of $2.64. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 0.89. The stock has a market cap of $39.16 billion, a price-to-earnings ratio of 13.81, a price-to-earnings-growth ratio of 5.80 and a beta of 0.80. The company has a fifty day simple moving average of $2.41 and a two-hundred day simple moving average of $2.16.

Ambev (NYSE:ABEV - Get Free Report) last announced its quarterly 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. Ambev had a return on equity of 16.12% and a net margin of 17.02%. The business had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $22.40 billion. As a group, equities analysts forecast that Ambev S.A. will post 0.18 earnings per share for the current 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 dividend of $0.0219 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a dividend yield of 5%. Ambev's payout ratio is currently 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.