Sei Investments Co. Decreases Holdings in Ambev S.A. (NYSE:ABEV)

Sei Investments Co. cut its stake in shares of Ambev S.A. (NYSE:ABEV - Free Report) by 66.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,737,317 shares of the company's stock after selling 7,507,336 shares during the period. Sei Investments Co.'s holdings in Ambev were worth $6,914,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. CORDA Investment Management LLC. bought a new position in shares of Ambev in the fourth quarter worth about $11,987,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Ambev by 39.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 18,519,980 shares of the company's stock worth $33,892,000 after purchasing an additional 5,283,746 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Ambev during the 4th quarter worth approximately $3,523,000. Itau Unibanco Holding S.A. bought a new position in Ambev during the third quarter valued at $3,259,000. Finally, Jane Street Group LLC lifted its holdings in shares of Ambev by 132.9% in the 3rd quarter. Jane Street Group LLC now owns 1,976,147 shares of the company's stock valued at $4,822,000 after acquiring an additional 1,127,719 shares during the last quarter. Institutional investors own 8.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Barclays dropped their target price on Ambev from $2.50 to $2.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 21st. StockNews.com began coverage on shares of Ambev in a research report on Monday, January 27th. They issued a "buy" rating for the company. Bank of America lowered Ambev from a "buy" rating to a "neutral" rating in a research note on Friday, January 17th. 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 assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $2.45.

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Ambev Price Performance

Shares of Ambev stock traded up $0.02 during mid-day trading on Wednesday, reaching $2.36. 16,025,896 shares of the stock traded hands, compared to its average volume of 26,315,692. 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 business has a 50-day moving average of $2.05 and a 200 day moving average of $2.12. The stock has a market capitalization of $37.18 billion, a PE ratio of 13.11, a PEG ratio of 5.80 and a beta of 0.94. 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 posted its quarterly 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). 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 analyst estimates of $22.42 billion. On average, analysts predict that Ambev S.A. will post 0.18 EPS for the current year.

Ambev Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Tuesday, March 18th will be issued a dividend of $0.0221 per share. This represents a $0.09 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date is Tuesday, March 18th. Ambev's dividend payout ratio (DPR) is 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.