Walleye Capital LLC Purchases Shares of 821,168 Ambev S.A. (NYSE:ABEV)

Walleye Capital LLC acquired a new position in shares of Ambev S.A. (NYSE:ABEV - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 821,168 shares of the company's stock, valued at approximately $1,519,000.

Other hedge funds have also recently bought and sold shares of the company. Insight Inv LLC bought a new stake in shares of Ambev in the fourth quarter valued at approximately $25,000. Naviter Wealth LLC acquired a new position in Ambev in the 4th quarter valued at $29,000. Exchange Traded Concepts LLC bought a new stake in shares of Ambev during the 4th quarter valued at $30,000. Angeles Wealth Management LLC acquired a new stake in shares of Ambev during the 4th quarter worth $36,000. Finally, Mondrian Investment Partners LTD increased its position 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 worth $38,000 after purchasing an additional 5,993 shares during the period. 8.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ABEV shares. Morgan Stanley downgraded shares of Ambev from an "equal weight" rating to an "underweight" rating in a research note on Monday, April 7th. Citigroup reissued a "neutral" rating on shares of Ambev in a research note on Wednesday, January 22nd. Barclays cut their target price on Ambev from $2.50 to $2.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 21st. StockNews.com assumed coverage on Ambev in a research note on Wednesday. They issued a "buy" rating on the stock. Finally, Bank of America downgraded Ambev from a "buy" rating to a "neutral" rating in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $2.45.

Ambev Price Performance

Shares of NYSE ABEV traded down $0.01 during midday trading on Friday, reaching $2.46. 24,351,686 shares of the company were exchanged, compared to its average volume of 28,048,699. The stock's 50-day moving average price is $2.23 and its 200-day moving average price is $2.12. The stock has a market cap of $38.69 billion, a P/E ratio of 13.64, a PEG 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 S.A. has a one year low of $1.76 and a one year high of $2.56.

Ambev (NYSE:ABEV - Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). Ambev had a return on equity of 16.12% and a net margin of 17.02%. The firm had revenue of $4.63 billion during the quarter, compared to analyst estimates of $22.42 billion. On average, sell-side analysts anticipate that Ambev S.A. will post 0.18 earnings per share for the current fiscal year.

Ambev Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.0221 per share. This represents a $0.09 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend was Tuesday, March 18th. Ambev's payout ratio is 52.94%.

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.