Ambev S.A. (NYSE:ABEV) Shares Bought by Summitry LLC

Summitry LLC lifted its holdings in Ambev S.A. (NYSE:ABEV) by 22.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,808 shares of the company’s stock after purchasing an additional 12,556 shares during the period. Summitry LLC’s holdings in Ambev were worth $125,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in ABEV. MCIA Inc acquired a new position in Ambev in the third quarter worth approximately $25,000. Insight Inv LLC purchased a new position in shares of Ambev in the fourth quarter worth approximately $25,000. Naviter Wealth LLC purchased a new stake in shares of Ambev in the 4th quarter valued at approximately $29,000. Exchange Traded Concepts LLC acquired a new position in Ambev in the 4th quarter worth approximately $30,000. Finally, Angeles Wealth Management LLC purchased a new position in Ambev during the 4th quarter worth approximately $36,000. 8.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Ambev Stock Up 1.7 %

ABEV stock opened at $2.34 on Wednesday. Ambev S.A. has a twelve month low of $1.76 and a twelve month high of $2.56. The company has a market cap of $36.86 billion, a PE ratio of 13.00, a price-to-earnings-growth ratio of 5.80 and a beta of 0.94. 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’s 50-day simple moving average is $2.00 and its 200 day simple moving average is $2.12.

Ambev (NYSE:ABEV) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $22.42 billion. On average, research analysts anticipate that Ambev S.A. will post 0.18 earnings per share for the current year.

Ambev Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Tuesday, March 18th will be issued a $0.0221 dividend. This represents a $0.09 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend is Tuesday, March 18th. Ambev’s payout ratio 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.