GQG Partners LLC Has $363.85 Million Stake in Ambev S.A. (NYSE:ABEV)

GQG Partners LLC grew its holdings in Ambev S.A. (NYSE:ABEV - Free Report) by 51.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 196,676,003 shares of the company's stock after purchasing an additional 67,180,274 shares during the period. GQG Partners LLC owned approximately 1.25% of Ambev worth $363,851,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ABEV. IFP Advisors Inc raised its stake in Ambev by 7.5% during the fourth quarter. IFP Advisors Inc now owns 84,868 shares of the company's stock worth $157,000 after acquiring an additional 5,900 shares in the last quarter. Mondrian Investment Partners LTD grew its holdings in shares of Ambev by 40.4% during the 4th 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 during the last quarter. Stephens Inc. AR increased its position in Ambev by 3.6% during the 4th quarter. Stephens Inc. AR now owns 173,066 shares of the company's stock worth $320,000 after purchasing an additional 6,078 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Ambev by 7.8% in the 4th quarter. Jones Financial Companies Lllp now owns 85,142 shares of the company's stock valued at $158,000 after purchasing an additional 6,164 shares during the last quarter. Finally, PDS Planning Inc grew its stake in shares of Ambev by 18.3% during the fourth quarter. PDS Planning Inc now owns 41,244 shares of the company's stock worth $76,000 after buying an additional 6,374 shares during the last quarter. Institutional investors and hedge funds own 8.13% of the company's stock.

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Ambev Trading Down 1.5 %

Shares of ABEV traded down $0.04 during mid-day trading on Friday, reaching $2.28. 43,341,365 shares of the company were exchanged, compared to its average volume of 26,272,399. The business has a 50 day simple moving average of $2.03 and a two-hundred day simple moving average of $2.12. 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 capitalization of $35.84 billion, a PE ratio of 12.64, a PEG ratio of 5.80 and a beta of 0.94. Ambev S.A. has a 52 week low of $1.76 and a 52 week high of $2.56.

Ambev (NYSE:ABEV - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $22.42 billion. On average, analysts predict that Ambev S.A. will post 0.18 earnings per share for the current fiscal year.

Ambev Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.0221 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.09 dividend on an annualized basis and a yield of 3.88%. Ambev's dividend payout ratio (DPR) is currently 52.94%.

Analysts Set New Price Targets

A number of research analysts have recently commented on ABEV shares. Barclays dropped their price target 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 started coverage on Ambev in a research note on Monday, January 27th. They set a "buy" rating on the stock. Citigroup reaffirmed a "neutral" rating on shares of Ambev in a research note on Wednesday, January 22nd. Finally, Bank of America downgraded shares of Ambev from a "buy" rating to a "neutral" rating in a research report on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Ambev has an average 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.