Oppenheimer Asset Management Inc. reduced its position in Ambev S.A. (NYSE:ABEV - Free Report) by 19.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 855,733 shares of the company's stock after selling 212,160 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Ambev were worth $1,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently made changes to their positions in the company. IFP Advisors Inc grew its stake in Ambev by 7.5% in the 4th 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. RWC Asset Management LLP increased its stake in Ambev by 4.4% during the 4th quarter. RWC Asset Management LLP now owns 13,063,556 shares of the company's stock worth $24,168,000 after buying an additional 552,220 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of Ambev by 37.8% in the fourth quarter. New York State Common Retirement Fund now owns 1,085,500 shares of the company's stock valued at $2,008,000 after acquiring an additional 298,000 shares in the last quarter. Principal Securities Inc. boosted its stake in shares of Ambev by 185.5% in the fourth quarter. Principal Securities Inc. now owns 34,678 shares of the company's stock worth $64,000 after acquiring an additional 22,531 shares during the last quarter. Finally, ABC Arbitrage SA acquired a new position in Ambev in the 4th quarter valued at $205,000. 8.13% of the stock is currently owned by institutional investors and hedge funds.
Ambev Stock Up 1.1 %
Shares of ABEV traded up $0.03 during mid-day trading on Friday, hitting $2.24. 17,580,715 shares of the company's stock were exchanged, compared to its average volume of 37,161,484. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 1.20. The company has a market cap of $35.21 billion, a price-to-earnings ratio of 12.42, a P/E/G ratio of 5.80 and a beta of 0.94. The stock's 50-day moving average is $1.88 and its 200-day moving average is $2.13. Ambev S.A. has a fifty-two week low of $1.76 and a fifty-two week high of $2.58.
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). Ambev had a net margin of 17.02% and a return on equity of 16.12%. The company had revenue of $4.63 billion during the quarter, compared to analysts' expectations of $22.42 billion. On average, sell-side analysts anticipate that Ambev S.A. will post 0.18 earnings per share for the current fiscal year.
Ambev Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.0221 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.09 dividend on an annualized basis and a yield of 3.95%. Ambev's payout ratio is currently 52.94%.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on ABEV. StockNews.com assumed coverage on shares of Ambev in a research note on Monday, January 27th. They issued a "buy" rating on the stock. Bank of America lowered Ambev from a "buy" rating to a "neutral" rating in a report on Friday, January 17th. Barclays cut their price target on shares of Ambev from $2.50 to $2.00 and set an "equal weight" rating for the company in a report on Tuesday, January 21st. Finally, Citigroup reaffirmed a "neutral" rating on shares of Ambev in a research report on Wednesday, January 22nd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $2.45.
Read Our Latest Stock Analysis on ABEV
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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