Brandywine Global Investment Management LLC increased its position in Ambev S.A. (NYSE:ABEV - Free Report) by 5.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 18,614,210 shares of the company's stock after purchasing an additional 880,763 shares during the period. Brandywine Global Investment Management LLC owned 0.12% of Ambev worth $34,436,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the company. Cerity Partners LLC grew its position in Ambev by 61.7% during the 3rd quarter. Cerity Partners LLC now owns 202,835 shares of the company's stock worth $495,000 after purchasing an additional 77,423 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of 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 buying an additional 39,000 shares during the last quarter. Bank of Montreal Can increased its position in Ambev by 16.4% in the 3rd quarter. Bank of Montreal Can now owns 910,885 shares of the company's stock valued at $2,186,000 after acquiring an additional 128,439 shares during the period. FMR LLC lifted its position in Ambev by 35.5% during the 3rd quarter. FMR LLC now owns 78,604 shares of the company's stock worth $192,000 after acquiring an additional 20,599 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Ambev by 34.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 382,600 shares of the company's stock worth $934,000 after acquiring an additional 97,150 shares during the period. 8.13% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
ABEV has been the subject of several analyst reports. Barclays cut 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. Citigroup restated a "neutral" rating on shares of Ambev in a research report on Wednesday, January 22nd. StockNews.com initiated coverage on shares of Ambev in a report on Monday, January 27th. They issued a "buy" rating on the stock. Finally, Bank of America cut shares of Ambev from a "buy" rating to a "neutral" rating in a report on Friday, January 17th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Ambev has an average rating of "Hold" and an average price target of $2.45.
View Our Latest Research Report on Ambev
Ambev Price Performance
Shares of NYSE ABEV traded up $0.07 during trading on Thursday, hitting $2.43. 25,997,865 shares of the company were exchanged, compared to its average volume of 26,319,560. 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 company has a market cap of $38.28 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 5.80 and a beta of 0.68. The firm's fifty day moving average price is $2.06 and its 200 day moving average price is $2.12.
Ambev (NYSE:ABEV - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.05 EPS 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 analysts' expectations of $22.42 billion. On average, sell-side analysts expect 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. Investors of record on Tuesday, March 18th will be issued a $0.0221 dividend. This represents a $0.09 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend is Tuesday, March 18th. Ambev's dividend payout ratio is currently 52.94%.
About Ambev
(
Free Report)
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.
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