Wealthedge Investment Advisors LLC Takes Position in Ambev S.A. (NYSE:ABEV)

Wealthedge Investment Advisors LLC acquired a new position in shares of Ambev S.A. (NYSE:ABEV - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 405,766 shares of the company's stock, valued at approximately $751,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GQG Partners LLC grew its position in Ambev by 51.9% during the 4th quarter. GQG Partners LLC now owns 196,676,003 shares of the company's stock worth $363,851,000 after purchasing an additional 67,180,274 shares in the last quarter. Bank of America Corp DE grew its position in Ambev by 201.7% during the 4th quarter. Bank of America Corp DE now owns 26,087,675 shares of the company's stock worth $48,262,000 after purchasing an additional 17,440,564 shares in the last quarter. Talaria Asset Management Pty Ltd purchased a new position in shares of Ambev during the 4th quarter valued at $38,602,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Ambev by 1,641.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 19,001,985 shares of the company's stock valued at $35,154,000 after acquiring an additional 17,911,122 shares in the last quarter. Finally, Brandywine Global Investment Management LLC grew its holdings in shares of Ambev by 5.0% during the 4th quarter. Brandywine Global Investment Management LLC now owns 18,614,210 shares of the company's stock valued at $34,436,000 after acquiring an additional 880,763 shares in the last quarter. 8.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Ambev Stock Down 2.0%

NYSE:ABEV traded down $0.05 during trading hours 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 company has a market cap of $38.45 billion, a price-to-earnings ratio of 13.56, a price-to-earnings-growth ratio of 5.80 and a beta of 0.80. Ambev S.A. has a one year low of $1.76 and a one year high of $2.64. The business's 50-day moving average is $2.42 and its 200-day moving average is $2.16. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 0.89.

Ambev (NYSE:ABEV - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.04 earnings per share for the quarter, hitting analysts' consensus estimates of $0.04. The firm had revenue of $3.92 billion during the quarter, compared to analyst estimates of $22.40 billion. Ambev had a net margin of 17.02% and a return on equity of 16.12%. Equities research analysts predict that Ambev S.A. will post 0.18 EPS for the current year.

Ambev Cuts Dividend

The business also recently disclosed a -- dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, May 19th will be given a dividend of $0.0219 per share. This represents a dividend yield of 5%. The ex-dividend date of this dividend is Monday, May 19th. Ambev's dividend payout ratio is currently 68.75%.

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.