Rep. Josh Gottheimer Sells Off Shares of Ambev S.A. (NYSE:ABEV)

Representative Josh Gottheimer (D-New Jersey) recently sold shares of Ambev S.A. NYSE: ABEV. In a filing disclosed on March 06th, the Representative disclosed that they had sold between $1,001 and $15,000 in Ambev stock on February 6th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 2/28/2025.
• Purchased $1,001 - $15,000 in shares of Visa NYSE: V on 2/28/2025.
• Sold $1,001 - $15,000 in shares of Block NYSE: XYZ on 2/27/2025.
• Sold $1,001 - $15,000 in shares of KKR & Co. Inc. NYSE: KKR on 2/27/2025.
• Sold $1,001 - $15,000 in shares of Blackstone NYSE: BX on 2/27/2025.
• Sold $1,001 - $15,000 in shares of Paragon 28 NYSE: FNA on 2/27/2025.
• Sold $1,001 - $15,000 in shares of KKR & Co. Inc. NYSE: KKR on 2/26/2025.
• Purchased $1,001 - $15,000 in shares of Fiserv NYSE: FI on 2/26/2025.
• Sold $1,001 - $15,000 in shares of Blackstone NYSE: BX on 2/26/2025.
• Sold $1,001 - $15,000 in shares of Vertiv NYSE: VRT on 2/25/2025.

Ambev Stock Down 2.0 %

Shares of ABEV stock traded down $0.05 during trading hours on Tuesday, hitting $2.19. 23,263,201 shares of the company were exchanged, compared to its average volume of 25,075,133. The business has a 50 day moving average of $1.89 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 52 week low of $1.76 and a 52 week high of $2.58. The company has a market capitalization of $34.42 billion, a PE ratio of 12.14, a PEG ratio of 5.80 and a beta of 0.94.

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Ambev (NYSE:ABEV - Get Free Report) last issued 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 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 the consensus estimate of $22.42 billion. 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. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.0221 per share. This represents a $0.09 annualized dividend and a dividend yield of 4.04%. The ex-dividend date is Tuesday, March 18th. Ambev's dividend payout ratio is 52.94%.

Analysts Set New Price Targets

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

Institutional Trading of Ambev

A number of large investors have recently added to or reduced their stakes in the company. GQG Partners LLC lifted its stake in Ambev by 51.9% in the fourth quarter. GQG Partners LLC now owns 196,676,003 shares of the company's stock valued at $363,851,000 after acquiring an additional 67,180,274 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Ambev by 0.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 42,904,893 shares of the company's stock valued at $104,688,000 after acquiring an additional 226,238 shares during the last quarter. Seafarer Capital Partners LLC lifted its stake in Ambev by 6.3% in the third quarter. Seafarer Capital Partners LLC now owns 30,069,000 shares of the company's stock valued at $73,368,000 after acquiring an additional 1,770,000 shares during the last quarter. Bank of America Corp DE lifted its stake in Ambev by 201.7% in the fourth quarter. Bank of America Corp DE now owns 26,087,675 shares of the company's stock valued at $48,262,000 after acquiring an additional 17,440,564 shares during the last quarter. Finally, Talaria Asset Management Pty Ltd acquired a new stake in Ambev in the fourth quarter valued at $38,602,000. Institutional investors and hedge funds own 8.13% of the company's stock.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2026 election. Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

About Ambev

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.