Ambev S.A. (NYSE:ABEV) Shares Acquired by Foresight Global Investors Inc.

Foresight Global Investors Inc. increased its holdings in Ambev S.A. (NYSE:ABEV - Free Report) by 41.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,528,050 shares of the company's stock after purchasing an additional 1,028,050 shares during the quarter. Ambev accounts for 4.8% of Foresight Global Investors Inc.'s holdings, making the stock its 8th biggest position. Foresight Global Investors Inc.'s holdings in Ambev were worth $6,527,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. MCIA Inc acquired a new position in shares of Ambev in the 3rd quarter valued at $25,000. Insight Inv LLC purchased a new stake in Ambev during the fourth quarter valued at about $25,000. Naviter Wealth LLC acquired a new position in shares of Ambev in the fourth quarter worth about $29,000. Exchange Traded Concepts LLC purchased a new position in shares of Ambev in the fourth quarter worth approximately $30,000. Finally, Angeles Wealth Management LLC acquired a new stake in shares of Ambev during the fourth quarter valued at approximately $36,000. 8.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on ABEV shares. Barclays decreased their price objective on shares of Ambev from $2.50 to $2.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 21st. Bank of America cut Ambev from a "buy" rating to a "neutral" rating in a research report on Friday, January 17th. Citigroup reissued a "neutral" rating on shares of Ambev in a research report on Wednesday, January 22nd. Finally, StockNews.com initiated coverage on Ambev in a research report on Monday, January 27th. They set a "buy" rating for the company. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Ambev has an average rating of "Hold" and a consensus target price of $2.45.

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Ambev Stock Up 0.2 %

ABEV stock traded up $0.01 during midday trading on Friday, reaching $2.36. The company had a trading volume of 13,848,921 shares, compared to its average volume of 25,870,029. The company has a 50 day moving average of $1.98 and a two-hundred day moving average of $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 1 year low of $1.76 and a 1 year high of $2.56. The company has a market capitalization of $37.10 billion, a P/E ratio of 13.08, a PEG ratio of 5.80 and a beta of 0.94.

Ambev (NYSE:ABEV - Get Free Report) last announced 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). The firm had revenue of $4.63 billion for the quarter, compared to analysts' expectations of $22.42 billion. Ambev had a return on equity of 16.12% and a net margin of 17.02%. On average, equities research 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. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.0221 per share. This represents a $0.09 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date is Tuesday, March 18th. Ambev's dividend payout ratio (DPR) is presently 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.