Sava Infond d.o.o. Purchases New Stake in Ambev S.A. (NYSE:ABEV)

Sava Infond d.o.o. purchased a new stake in Ambev S.A. (NYSE:ABEV - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 290,000 shares of the company's stock, valued at approximately $536,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ABEV. Cerity Partners LLC raised its holdings in shares of Ambev by 61.7% in the third quarter. Cerity Partners LLC now owns 202,835 shares of the company's stock valued at $495,000 after purchasing an additional 77,423 shares during the last quarter. Daiwa Securities Group Inc. grew its position in shares of Ambev by 22.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 212,000 shares of the company's stock valued at $517,000 after purchasing an additional 39,000 shares in the last quarter. Fisher Asset Management LLC increased its stake in Ambev by 1.3% in the 3rd quarter. Fisher Asset Management LLC now owns 5,647,224 shares of the company's stock worth $13,779,000 after acquiring an additional 74,076 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Ambev by 16.4% in the 3rd quarter. Bank of Montreal Can now owns 910,885 shares of the company's stock valued at $2,186,000 after acquiring an additional 128,439 shares in the last quarter. Finally, FMR LLC boosted its position in shares of Ambev by 35.5% during the 3rd quarter. FMR LLC now owns 78,604 shares of the company's stock valued at $192,000 after acquiring an additional 20,599 shares during the last quarter. Institutional investors own 8.13% of the company's stock.

Ambev Price Performance

NYSE ABEV traded up $0.02 on Tuesday, reaching $2.35. 8,554,413 shares of the company's stock traded hands, compared to its average volume of 26,191,161. The stock has a market cap of $36.94 billion, a PE ratio of 13.03, a P/E/G ratio of 5.80 and a beta of 0.94. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 0.89. Ambev S.A. has a 12 month low of $1.76 and a 12 month high of $2.56. The stock has a 50-day simple moving average of $2.04 and a 200 day simple moving average of $2.12.

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

Ambev Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Tuesday, March 18th will be paid a $0.0221 dividend. This represents a $0.09 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date is Tuesday, March 18th. Ambev's dividend payout ratio (DPR) is presently 52.94%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ABEV. StockNews.com assumed coverage on shares of Ambev in a research report on Monday, January 27th. They issued a "buy" rating on the stock. Citigroup restated 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 report on Friday, January 17th. Finally, Barclays reduced their target price on Ambev from $2.50 to $2.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Ambev currently has an average rating of "Hold" and a consensus price target of $2.45.

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.