150,906 Shares in Ambev S.A. (NYSE:ABEV) Acquired by Callan Family Office LLC

Callan Family Office LLC bought a new position in shares of Ambev S.A. (NYSE:ABEV - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 150,906 shares of the company's stock, valued at approximately $279,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ABEV. MCIA Inc acquired a new position in shares of Ambev in the 3rd quarter worth approximately $25,000. Insight Inv LLC bought a new stake in Ambev during the fourth quarter valued at $25,000. Wealthstream Advisors Inc. acquired a new stake in Ambev during the 3rd quarter worth about $29,000. Exchange Traded Concepts LLC bought a new position in shares of Ambev in the 4th quarter worth about $30,000. Finally, Mesirow Financial Investment Management Inc. bought a new stake in Ambev in the third quarter worth approximately $35,000. 8.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ABEV has been the subject of several recent analyst reports. Citigroup reaffirmed a "neutral" rating on shares of Ambev in a research report on Wednesday, January 22nd. Bank of America cut shares of Ambev from a "buy" rating to a "neutral" rating in a report on Friday, January 17th. StockNews.com initiated coverage on shares of Ambev in a report on Monday, January 27th. They set a "buy" rating on the stock. Finally, Barclays reduced their target price 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. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $2.45.

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Ambev Stock Up 2.9 %

ABEV traded up $0.07 during trading on Friday, hitting $2.31. 52,517,776 shares of the company's stock were exchanged, compared to its average volume of 25,391,250. Ambev S.A. has a fifty-two week low of $1.76 and a fifty-two week high of $2.56. The stock has a market cap of $36.31 billion, a P/E ratio of 12.81, a PEG ratio of 5.80 and a beta of 0.94. The business's 50 day moving average is $1.92 and its two-hundred day moving average is $2.12. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.02.

Ambev (NYSE:ABEV - Get Free Report) last posted its 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). The business 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, equities 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 disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Tuesday, March 18th will be paid a $0.0221 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.09 annualized dividend and a yield of 3.83%. Ambev's dividend payout ratio (DPR) is 52.94%.

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.