Amundi Sells 196,393 Shares of Ambev S.A. (NYSE:ABEV)

Amundi lessened its stake in Ambev S.A. (NYSE:ABEV - Free Report) by 45.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 237,079 shares of the company's stock after selling 196,393 shares during the period. Amundi's holdings in Ambev were worth $436,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in ABEV. CORDA Investment Management LLC. bought a new stake in Ambev during the fourth quarter valued at approximately $11,987,000. Allspring Global Investments Holdings LLC grew its position in shares of 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 period. Raymond James Financial Inc. purchased a new stake in shares of Ambev in the 4th quarter worth $3,523,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Ambev in the 3rd quarter worth $3,259,000. Finally, Jane Street Group LLC raised its holdings in Ambev by 132.9% in the 3rd quarter. Jane Street Group LLC now owns 1,976,147 shares of the company's stock worth $4,822,000 after purchasing an additional 1,127,719 shares during the period. 8.13% of the stock is currently owned by hedge funds and other institutional investors.

Ambev Price Performance

ABEV traded down $0.07 on Monday, hitting $2.30. 41,799,081 shares of the company's stock traded hands, compared to its average volume of 25,933,746. The company's 50 day simple moving average is $1.98 and its 200-day simple moving average is $2.12. 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 one year low of $1.76 and a one year high of $2.56. The firm has a market cap of $36.16 billion, a price-to-earnings ratio of 12.75, a P/E/G ratio of 5.80 and a beta of 0.94.

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Ambev (NYSE:ABEV - Get Free Report) last released 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 net margin of 17.02% and a return on equity of 16.12%. The company had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $22.42 billion. As a group, research analysts anticipate that Ambev S.A. will post 0.18 EPS for the current year.

Ambev Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders 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 3.84%. The ex-dividend date of this dividend is Tuesday, March 18th. Ambev's dividend payout ratio (DPR) is presently 52.94%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ABEV. Barclays cut their price target on Ambev from $2.50 to $2.00 and set an "equal weight" rating for the company in a report on Tuesday, January 21st. Citigroup reissued a "neutral" rating on shares of Ambev in a report on Wednesday, January 22nd. Bank of America downgraded shares of Ambev from a "buy" rating to a "neutral" rating in a report on Friday, January 17th. Finally, StockNews.com began coverage on shares of Ambev in a research note on Monday, January 27th. They issued a "buy" rating for the company. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target 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.