Privium Fund Management B.V. Acquires 30,043 Shares of Ambev S.A. (NYSE:ABEV)

Privium Fund Management B.V. raised its holdings in shares of Ambev S.A. (NYSE:ABEV) by 4.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 652,357 shares of the company’s stock after acquiring an additional 30,043 shares during the period. Privium Fund Management B.V.’s holdings in Ambev were worth $1,207,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. MCIA Inc acquired a new stake in shares of Ambev during the third quarter worth $25,000. Insight Inv LLC bought a new stake in shares of Ambev in the 4th quarter valued at about $25,000. Naviter Wealth LLC bought a new position in Ambev during the 4th quarter worth approximately $29,000. Exchange Traded Concepts LLC acquired a new position in Ambev during the fourth quarter valued at approximately $30,000. Finally, Angeles Wealth Management LLC bought a new stake in Ambev in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 8.13% of the company’s stock.

Ambev Price Performance

Shares of NYSE ABEV opened at $2.35 on Wednesday. The company has a fifty day moving average price of $1.95 and a 200 day moving average price of $2.12. The firm has a market cap of $36.94 billion, a PE ratio of 13.03, a PEG ratio of 5.80 and a beta of 0.94. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.02. Ambev S.A. has a 1-year low of $1.76 and a 1-year high of $2.56.

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

Ambev Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.0221 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.09 annualized dividend and a dividend yield of 3.76%. Ambev’s dividend payout ratio is currently 52.94%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. StockNews.com started coverage on shares of Ambev in a report on Monday, January 27th. They issued a “buy” rating for the company. Bank of America cut Ambev from a “buy” rating to a “neutral” rating in a research note on Friday, January 17th. Citigroup reiterated a “neutral” rating on shares of Ambev in a report on Wednesday, January 22nd. Finally, Barclays lowered 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. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.