Ambev S.A. (NYSE:ABEV) Shares Sold by Banco Santander S.A.

Banco Santander S.A. trimmed its position in shares of Ambev S.A. (NYSE:ABEV - Free Report) by 14.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 878,799 shares of the company's stock after selling 148,875 shares during the period. Banco Santander S.A.'s holdings in Ambev were worth $1,626,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. MCIA Inc purchased a new stake in shares of Ambev during the third quarter worth about $25,000. Insight Inv LLC purchased a new stake in Ambev during the 4th quarter worth approximately $25,000. Wealthstream Advisors Inc. acquired a new position in shares of Ambev in the 3rd quarter valued at approximately $29,000. Exchange Traded Concepts LLC purchased a new position in shares of Ambev during the 4th quarter valued at approximately $30,000. Finally, Private Advisor Group LLC acquired a new stake in shares of Ambev during the third quarter worth approximately $34,000. Institutional investors and hedge funds own 8.13% of the company's stock.

Ambev Stock Performance

ABEV traded up $0.05 on Thursday, hitting $2.25. 30,558,463 shares of the company's stock were exchanged, compared to its average volume of 25,223,658. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.02. The stock has a fifty day moving average of $1.91 and a two-hundred day moving average of $2.12. Ambev S.A. has a twelve month low of $1.76 and a twelve month high of $2.57. The firm has a market cap of $35.37 billion, a PE ratio of 12.47, 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 announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). Ambev had a return on equity of 16.12% and a net margin of 17.02%. The company had revenue of $4.63 billion for the quarter, compared to analyst estimates of $22.42 billion. On average, research analysts anticipate 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. 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 3.93%. The ex-dividend date is Tuesday, March 18th. Ambev's dividend payout ratio (DPR) is 52.94%.

Wall Street Analyst Weigh In

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