Tidal Investments LLC Makes New Investment in Ambev S.A. (NYSE:ABEV)

Tidal Investments LLC acquired a new stake in shares of Ambev S.A. (NYSE:ABEV - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 355,715 shares of the company's stock, valued at approximately $658,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Crossmark Global Holdings Inc. lifted its holdings in shares of Ambev by 17.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 113,416 shares of the company's stock worth $210,000 after acquiring an additional 16,833 shares during the last quarter. Atomi Financial Group Inc. raised its position in Ambev by 13.8% in the 4th quarter. Atomi Financial Group Inc. now owns 81,547 shares of the company's stock worth $151,000 after purchasing an additional 9,866 shares during the period. Exchange Traded Concepts LLC purchased a new stake in Ambev during the 4th quarter valued at about $30,000. Blue Trust Inc. boosted its holdings in Ambev by 29.3% during the 4th quarter. Blue Trust Inc. now owns 169,664 shares of the company's stock valued at $314,000 after acquiring an additional 38,417 shares during the period. Finally, First Affirmative Financial Network grew its position in Ambev by 89.5% during the 4th quarter. First Affirmative Financial Network now owns 45,355 shares of the company's stock worth $84,000 after acquiring an additional 21,420 shares during the last quarter. Institutional investors own 8.13% of the company's stock.

Ambev Trading Down 2.0%

ABEV stock traded down $0.05 on Friday, reaching $2.44. The company's stock had a trading volume of 23,102,542 shares, compared to its average volume of 29,421,511. The firm has a market cap of $38.45 billion, a PE ratio of 13.56, a PEG ratio of 5.80 and a beta of 0.80. The business has a fifty day simple moving average of $2.42 and a two-hundred day simple moving average of $2.16. Ambev S.A. has a 12-month low of $1.76 and a 12-month high of $2.64. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 1.20.

Ambev (NYSE:ABEV - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.04 earnings per share for the quarter, meeting analysts' consensus estimates of $0.04. Ambev had a net margin of 17.02% and a return on equity of 16.12%. The firm had revenue of $3.92 billion for the quarter, compared to analyst estimates of $22.40 billion. As a group, research analysts forecast that Ambev S.A. will post 0.18 EPS 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 dividend payout ratio (DPR) is 68.75%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ABEV. Barclays boosted their price objective on Ambev from $2.00 to $2.50 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Wall Street Zen initiated coverage on shares of Ambev in a report on Wednesday, April 23rd. They set a "buy" rating for the company. UBS Group lowered shares of Ambev from a "buy" rating to a "neutral" rating in a report on Tuesday, April 22nd. Finally, Morgan Stanley cut shares of Ambev from an "equal weight" rating to an "underweight" rating in a research report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $2.70.

About Ambev

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.