Sava Infond d.o.o. Invests $536,000 in Ambev S.A. (NYSE:ABEV)

Sava Infond d.o.o. bought a new position in shares of Ambev S.A. (NYSE:ABEV) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 290,000 shares of the company’s stock, valued at approximately $536,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. GQG Partners LLC increased its position in Ambev by 51.9% during the 4th quarter. GQG Partners LLC now owns 196,676,003 shares of the company’s stock worth $363,851,000 after buying an additional 67,180,274 shares during the period. Allspring Global Investments Holdings LLC increased its position in Ambev by 39.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 18,519,980 shares of the company’s stock worth $33,892,000 after acquiring an additional 5,283,746 shares during the period. Private Management Group Inc. raised its stake in Ambev by 8.1% in the 4th quarter. Private Management Group Inc. now owns 14,512,234 shares of the company’s stock worth $26,848,000 after purchasing an additional 1,083,882 shares in the last quarter. RWC Asset Management LLP boosted its holdings in Ambev by 4.4% in the 4th quarter. RWC Asset Management LLP now owns 13,063,556 shares of the company’s stock valued at $24,168,000 after purchasing an additional 552,220 shares during the period. Finally, State Street Corp grew its position in shares of Ambev by 9.2% during the 3rd quarter. State Street Corp now owns 10,425,374 shares of the company’s stock worth $25,438,000 after purchasing an additional 878,900 shares in the last quarter. Institutional investors and hedge funds own 8.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Bank of America downgraded shares of Ambev from a “buy” rating to a “neutral” rating in a research report on Friday, January 17th. StockNews.com started coverage on Ambev in a report on Monday, January 27th. They issued a “buy” rating for the company. Citigroup restated a “neutral” rating on shares of Ambev in a research report on Wednesday, January 22nd. Finally, Barclays dropped their price target on Ambev from $2.50 to $2.00 and set an “equal weight” rating for the company in a research note 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. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $2.45.

Ambev Stock Down 0.2 %

Shares of ABEV opened at $2.31 on Friday. The firm has a 50 day simple moving average of $2.02 and a two-hundred day simple moving average of $2.13. 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 one year low of $1.76 and a one year high of $2.56. The company has a market cap of $36.31 billion, a P/E ratio of 12.81, a P/E/G ratio of 5.80 and a beta of 0.94.

Ambev (NYSE:ABEV) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of $4.63 billion for the quarter, compared to analyst estimates of $22.42 billion. Ambev had a return on equity of 16.12% and a net margin of 17.02%. 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 paid a $0.0221 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 3.83%. Ambev’s payout ratio is currently 52.94%.

About Ambev

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.