Ambev S.A. (NYSE:ABEV) Shares Bought by Summitry LLC

Summitry LLC lifted its position in shares of Ambev S.A. (NYSE:ABEV) by 22.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,808 shares of the company’s stock after acquiring an additional 12,556 shares during the period. Summitry LLC’s holdings in Ambev were worth $125,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ABEV. Empowered Funds LLC bought a new stake in Ambev during the third quarter valued at $148,000. Cerity Partners LLC boosted its holdings in shares of Ambev by 61.7% in the 3rd quarter. Cerity Partners LLC now owns 202,835 shares of the company’s stock valued at $495,000 after buying an additional 77,423 shares during the period. Pitcairn Co. grew its position in shares of Ambev by 80.1% during the 3rd quarter. Pitcairn Co. now owns 177,773 shares of the company’s stock valued at $434,000 after buying an additional 79,038 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in Ambev by 22.5% during the third quarter. Daiwa Securities Group Inc. now owns 212,000 shares of the company’s stock worth $517,000 after acquiring an additional 39,000 shares during the period. Finally, Fisher Asset Management LLC lifted its holdings in Ambev by 1.3% in the third quarter. Fisher Asset Management LLC now owns 5,647,224 shares of the company’s stock worth $13,779,000 after acquiring an additional 74,076 shares during the last quarter. 8.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Barclays lowered their target price on Ambev from $2.50 to $2.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. StockNews.com began coverage on Ambev in a research report on Monday, January 27th. They issued a “buy” rating on the stock. Bank of America cut Ambev from a “buy” rating to a “neutral” rating in a research note on Friday, January 17th. Finally, Citigroup restated a “neutral” rating on shares of Ambev in a research report on Wednesday, January 22nd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $2.45.

Ambev Stock Up 1.7 %

Shares of Ambev stock opened at $2.34 on Wednesday. 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 S.A. has a 1-year low of $1.76 and a 1-year high of $2.56. The business’s fifty day moving average price is $2.00 and its two-hundred day moving average price is $2.12. The company has a market capitalization of $36.86 billion, a P/E ratio of 13.00, a PEG ratio of 5.80 and a beta of 0.94.

Ambev (NYSE:ABEV) last posted 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 company had revenue of $4.63 billion during 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, research analysts forecast that Ambev S.A. will post 0.18 EPS for the current year.

Ambev Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Tuesday, March 18th will be given a $0.0221 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.09 dividend on an annualized basis and a yield of 3.77%. Ambev’s dividend payout ratio (DPR) 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.