Zevin Asset Management LLC Takes $206,000 Position in Ambev S.A. (NYSE:ABEV)

Zevin Asset Management LLC bought a new stake in Ambev S.A. (NYSE:ABEV - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 111,501 shares of the company's stock, valued at approximately $206,000.

A number of other large investors also recently modified their holdings of ABEV. CORDA Investment Management LLC. purchased a new stake in shares of Ambev during the fourth quarter valued at approximately $11,987,000. Allspring Global Investments Holdings LLC increased its position in shares of Ambev by 39.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 18,519,980 shares of the company's stock valued at $33,892,000 after acquiring an additional 5,283,746 shares during the last quarter. Altrius Capital Management Inc purchased a new stake in shares of Ambev during the third quarter valued at approximately $8,630,000. Raymond James Financial Inc. purchased a new stake in shares of Ambev during the fourth quarter valued at approximately $3,523,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in shares of Ambev during the third quarter valued at approximately $3,259,000. Institutional investors own 8.13% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on ABEV shares. Barclays decreased their price target 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. Bank of America downgraded Ambev from a "buy" rating to a "neutral" rating in a research report on Friday, January 17th. Citigroup reissued a "neutral" rating on shares of Ambev in a research report on Wednesday, January 22nd. Finally, StockNews.com started coverage on Ambev in a research report on Monday, January 27th. They issued a "buy" rating for the company. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $2.45.

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Ambev Stock Performance

NYSE:ABEV traded up $0.02 during trading hours on Wednesday, reaching $2.37. The stock had a trading volume of 38,013,974 shares, compared to its average volume of 25,748,128. 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 stock has a 50 day simple moving average of $1.95 and a 200 day simple moving average of $2.12. Ambev S.A. has a 12-month low of $1.76 and a 12-month high of $2.56. The stock has a market cap of $37.26 billion, a P/E ratio of 13.14, a price-to-earnings-growth ratio of 5.80 and a beta of 0.94.

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

Ambev Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Tuesday, March 18th will be given a $0.0221 dividend. This represents a $0.09 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Tuesday, March 18th. Ambev's dividend payout ratio (DPR) is presently 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.