Rockefeller Capital Management L.P. Sells 1,787,791 Shares of Ambev S.A. (NYSE:ABEV)

Rockefeller Capital Management L.P. cut its stake in shares of Ambev S.A. (NYSE:ABEV - Free Report) by 64.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 988,517 shares of the company's stock after selling 1,787,791 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Ambev were worth $1,829,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Insight Inv LLC bought a new stake in shares of Ambev during the 4th quarter valued at about $25,000. Naviter Wealth LLC acquired a new position in Ambev in the fourth quarter valued at approximately $29,000. Exchange Traded Concepts LLC bought a new position in shares of Ambev during the 4th quarter worth approximately $30,000. Angeles Wealth Management LLC acquired a new stake in shares of Ambev during the 4th quarter worth approximately $36,000. Finally, Mondrian Investment Partners LTD increased its stake in shares of Ambev by 40.4% in the 4th quarter. Mondrian Investment Partners LTD now owns 20,810 shares of the company's stock valued at $38,000 after acquiring an additional 5,993 shares in the last quarter. Institutional investors and hedge funds own 8.13% of the company's stock.

Ambev Stock Up 0.2 %

ABEV stock traded up $0.01 during mid-day trading on Thursday, reaching $2.46. 43,262,069 shares of the company traded hands, compared to its average volume of 36,204,488. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. The firm's 50 day moving average price is $2.22 and its 200 day moving average price is $2.12. The stock has a market cap of $38.69 billion, a price-to-earnings ratio of 13.64, a P/E/G ratio of 5.80 and a beta of 0.68. Ambev S.A. has a fifty-two week low of $1.76 and a fifty-two week high of $2.56.

Ambev (NYSE:ABEV - Get Free Report) last announced its earnings results 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 for the quarter, compared to analysts' expectations of $22.42 billion. As a group, equities research analysts predict that Ambev S.A. will post 0.18 EPS for the current fiscal year.

Ambev Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Tuesday, March 18th were paid a $0.0221 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.09 annualized dividend and a dividend yield of 3.59%. Ambev's payout ratio is 52.94%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of Ambev in a research note on Wednesday. They set a "buy" rating on the stock. UBS Group cut shares of Ambev from a "buy" rating to a "neutral" rating in a research report on Tuesday. Bank of America lowered Ambev from a "buy" rating to a "neutral" rating in a research report on Friday, January 17th. Morgan Stanley downgraded Ambev from an "equal weight" rating to an "underweight" rating in a research note on Monday, April 7th. Finally, Citigroup reissued a "neutral" rating on shares of Ambev in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $2.45.

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.