Lindbrook Capital LLC Has $46,000 Stock Holdings in Ambev S.A. (NYSE:ABEV)

Lindbrook Capital LLC increased its stake in Ambev S.A. (NYSE:ABEV) by 106.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,604 shares of the company’s stock after acquiring an additional 12,660 shares during the quarter. Lindbrook Capital LLC’s holdings in Ambev were worth $46,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Prime Capital Investment Advisors LLC lifted its stake in shares of Ambev by 37.9% in the third quarter. Prime Capital Investment Advisors LLC now owns 17,685 shares of the company’s stock worth $43,000 after acquiring an additional 4,861 shares during the period. Endowment Wealth Management Inc. lifted its stake in shares of Ambev by 21.6% in the third quarter. Endowment Wealth Management Inc. now owns 31,525 shares of the company’s stock worth $77,000 after acquiring an additional 5,592 shares during the period. IFP Advisors Inc lifted its stake in Ambev by 7.5% in the fourth quarter. IFP Advisors Inc now owns 84,868 shares of the company’s stock valued at $157,000 after buying an additional 5,900 shares during the period. OneDigital Investment Advisors LLC lifted its stake in Ambev by 45.1% in the third quarter. OneDigital Investment Advisors LLC now owns 19,227 shares of the company’s stock valued at $47,000 after buying an additional 5,979 shares during the period. Finally, Stephens Inc. AR lifted its stake in Ambev by 3.6% in the fourth quarter. Stephens Inc. AR now owns 173,066 shares of the company’s stock valued at $320,000 after buying an additional 6,078 shares during the period. 8.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on ABEV shares. Barclays dropped their price target 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. Citigroup reissued a “neutral” rating on shares of Ambev in a research note on Wednesday, January 22nd. StockNews.com started coverage on Ambev in a research note on Monday, January 27th. They issued a “buy” rating on the stock. Finally, Bank of America lowered Ambev from a “buy” rating to a “neutral” rating in a research note on Friday, January 17th. Three investment 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 currently has a consensus rating of “Hold” and a consensus price target of $2.45.

Ambev Trading Up 1.1 %

NYSE ABEV opened at $2.24 on Friday. The company has a market cap of $35.21 billion, a price-to-earnings ratio of 12.42, a P/E/G ratio of 5.80 and a beta of 0.94. Ambev S.A. has a 52 week low of $1.76 and a 52 week high of $2.58. The business has a 50 day moving average price of $1.89 and a 200-day moving average price of $2.13. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.02.

Ambev (NYSE:ABEV) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm 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, equities analysts expect that Ambev S.A. will post 0.18 earnings per share for the current fiscal year.

Ambev Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.0221 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.09 annualized dividend and a dividend yield of 3.95%. Ambev’s dividend payout ratio is 52.94%.

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.