Rockefeller Capital Management L.P. Has $1.83 Million Position in Ambev S.A. (NYSE:ABEV)

Rockefeller Capital Management L.P. cut its stake in shares of Ambev S.A. (NYSE:ABEV - Free Report) by 64.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 988,517 shares of the company's stock after selling 1,787,791 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Ambev were worth $1,829,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Insight Inv LLC acquired a new position in shares of Ambev in the 4th quarter valued at $25,000. Naviter Wealth LLC purchased a new position in shares of Ambev in the 4th quarter valued at about $29,000. Exchange Traded Concepts LLC purchased a new stake in shares of Ambev during the 4th quarter worth approximately $30,000. Angeles Wealth Management LLC purchased a new position in shares of Ambev in the fourth quarter valued at $36,000. Finally, Mondrian Investment Partners LTD lifted its holdings in shares of Ambev by 40.4% in the fourth quarter. Mondrian Investment Partners LTD now owns 20,810 shares of the company's stock valued at $38,000 after purchasing an additional 5,993 shares in the last quarter. 8.13% of the stock is owned by hedge funds and other institutional investors.

Ambev Stock Performance

Shares of NYSE:ABEV traded down $0.01 during trading on Friday, reaching $2.46. The stock had a trading volume of 22,365,694 shares, compared to its average volume of 28,021,869. The stock has a fifty day simple moving average of $2.23 and a two-hundred day simple moving average of $2.12. Ambev S.A. has a 52 week low of $1.76 and a 52 week high of $2.56. The firm has a market capitalization of $38.69 billion, a price-to-earnings ratio of 13.64, a P/E/G ratio of 5.80 and a beta of 0.68. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.02.

Ambev (NYSE:ABEV - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $4.63 billion for the quarter, compared to analyst estimates of $22.42 billion. Ambev had a return on equity of 16.12% and a net margin of 17.02%. As a group, analysts anticipate 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 quarterly dividend, which was paid on Monday, April 14th. Investors of record on Tuesday, March 18th were given a dividend of $0.0221 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.09 annualized dividend and a dividend yield of 3.59%. Ambev's dividend payout ratio (DPR) is presently 52.94%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Bank of America downgraded shares of Ambev from a "buy" rating to a "neutral" rating in a research note on Friday, January 17th. UBS Group cut Ambev from a "buy" rating to a "neutral" rating in a research note on Tuesday. Barclays lowered their target price on shares of Ambev from $2.50 to $2.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 21st. Citigroup reiterated a "neutral" rating on shares of Ambev in a research report on Wednesday, January 22nd. Finally, StockNews.com assumed coverage on Ambev in a research note on Wednesday. They issued a "buy" rating on the stock. One research 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's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $2.45.

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.