Quintet Private Bank Europe S.A. Buys Shares of 36,835 Ambev S.A. (NYSE:ABEV)

Quintet Private Bank Europe S.A. acquired a new stake in Ambev S.A. (NYSE:ABEV) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 36,835 shares of the company’s stock, valued at approximately $68,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CORDA Investment Management LLC. acquired a new position in shares of Ambev during the 4th quarter worth about $11,987,000. Allspring Global Investments Holdings LLC raised its stake in Ambev by 39.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 18,519,980 shares of the company’s stock valued at $33,892,000 after acquiring an additional 5,283,746 shares during the last quarter. Altrius Capital Management Inc purchased a new stake in Ambev during the 3rd quarter valued at approximately $8,630,000. Meritage Portfolio Management purchased a new position in shares of Ambev during the 3rd quarter worth approximately $4,645,000. Finally, Seafarer Capital Partners LLC raised its stake in shares of Ambev by 6.3% during the 3rd quarter. Seafarer Capital Partners LLC now owns 30,069,000 shares of the company’s stock worth $73,368,000 after buying an additional 1,770,000 shares in the last quarter. Hedge funds and other institutional investors own 8.13% of the company’s stock.

Ambev Price Performance

Shares of NYSE:ABEV opened at $2.08 on Tuesday. Ambev S.A. has a one year low of $1.76 and a one year high of $2.58. The business’s fifty day moving average price is $1.86 and its two-hundred day moving average price is $2.13. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 1.20. The stock has a market cap of $32.77 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 5.80 and a beta of 1.04.

Ambev (NYSE:ABEV) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). Ambev had a return on equity of 16.12% and a net margin of 17.02%. The business had revenue of $4.63 billion for the quarter, compared to analyst estimates of $22.42 billion. On average, analysts forecast that Ambev S.A. will post 0.18 EPS for the current fiscal year.

Ambev Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.0221 per share. This represents a $0.09 annualized dividend and a dividend yield of 4.24%. The ex-dividend date is Tuesday, March 18th. Ambev’s dividend payout ratio (DPR) is 35.29%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ABEV shares. 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. Citigroup reaffirmed a “neutral” rating on shares of Ambev in a research note on Wednesday, January 22nd. StockNews.com started coverage on Ambev in a research note on Monday, January 27th. They issued a “buy” rating for the company. Finally, Bank of America downgraded Ambev from a “buy” rating to a “neutral” rating in a research note on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $2.45.

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.