Kiltearn Partners LLP Increases Stock Position in Ambev S.A. (NYSE:ABEV)

Kiltearn Partners LLP boosted its stake in shares of Ambev S.A. (NYSE:ABEV - Free Report) by 4.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,758,300 shares of the company's stock after acquiring an additional 577,800 shares during the quarter. Ambev accounts for about 3.9% of Kiltearn Partners LLP's investment portfolio, making the stock its 9th largest holding. Kiltearn Partners LLP owned approximately 0.08% of Ambev worth $23,603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of ABEV. IFP Advisors Inc increased its position in shares of Ambev by 7.5% in the fourth quarter. IFP Advisors Inc now owns 84,868 shares of the company's stock valued at $157,000 after acquiring an additional 5,900 shares during the period. Mondrian Investment Partners LTD increased its holdings in Ambev by 40.4% during the 4th quarter. Mondrian Investment Partners LTD now owns 20,810 shares of the company's stock valued at $38,000 after purchasing an additional 5,993 shares during the period. Stephens Inc. AR raised its position in Ambev by 3.6% during the 4th quarter. Stephens Inc. AR now owns 173,066 shares of the company's stock valued at $320,000 after purchasing an additional 6,078 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in Ambev by 7.8% in the 4th quarter. Jones Financial Companies Lllp now owns 85,142 shares of the company's stock worth $158,000 after buying an additional 6,164 shares during the period. Finally, PDS Planning Inc grew its position in shares of Ambev by 18.3% in the 4th quarter. PDS Planning Inc now owns 41,244 shares of the company's stock worth $76,000 after buying an additional 6,374 shares during the last quarter. 8.13% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

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

Ambev Stock Up 0.6 %

Ambev stock traded up $0.02 on Tuesday, hitting $2.35. 8,820,461 shares of the stock traded hands, compared to its average volume of 34,860,570. Ambev S.A. has a 1 year low of $1.76 and a 1 year high of $2.56. The firm has a market cap of $36.94 billion, a P/E ratio of 13.03, a price-to-earnings-growth ratio of 5.80 and a beta of 0.94. 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 business's fifty day simple moving average is $2.04 and its 200 day simple moving average is $2.12.

Ambev (NYSE:ABEV - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). Ambev had a return on equity of 16.12% and a net margin of 17.02%. The business had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $22.42 billion. As a group, sell-side analysts forecast that Ambev S.A. will post 0.18 earnings per share for the current year.

Ambev Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors 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 dividend yield of 3.76%. Ambev's payout ratio is currently 52.94%.

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.