EntryPoint Capital LLC Purchases New Stake in Ambev S.A. (NYSE:ABEV)

EntryPoint Capital LLC acquired a new position in shares of Ambev S.A. (NYSE:ABEV) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 149,954 shares of the company’s stock, valued at approximately $277,000.

Several other large investors also recently added to or reduced their stakes in ABEV. IFP Advisors Inc raised its position in shares of Ambev by 7.5% during the 4th 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. Mondrian Investment Partners LTD raised its position in Ambev by 40.4% in the fourth quarter. Mondrian Investment Partners LTD now owns 20,810 shares of the company’s stock valued at $38,000 after purchasing an additional 5,993 shares during the period. Stephens Inc. AR raised its position 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 purchasing an additional 6,078 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Ambev by 7.8% during the 4th quarter. Jones Financial Companies Lllp now owns 85,142 shares of the company’s stock worth $158,000 after purchasing an additional 6,164 shares during the period. Finally, PDS Planning Inc grew its holdings in shares of Ambev by 18.3% during the 4th quarter. PDS Planning Inc now owns 41,244 shares of the company’s stock worth $76,000 after purchasing an additional 6,374 shares during the period. 8.13% of the stock is currently owned by hedge funds and other institutional investors.

Ambev Stock Down 1.5 %

Shares of ABEV opened at $2.28 on Friday. The company’s 50-day simple moving average is $2.03 and its 200-day simple moving average is $2.12. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 1.20. Ambev S.A. has a 1 year low of $1.76 and a 1 year high of $2.56. The stock has a market capitalization of $35.84 billion, a PE ratio of 12.64, a P/E/G ratio of 5.80 and a beta of 0.94.

Ambev (NYSE:ABEV) last issued 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 business had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $22.42 billion. Analysts forecast that Ambev S.A. will post 0.18 earnings per share for the current fiscal year.

Ambev Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders 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 yield of 3.88%. Ambev’s dividend payout ratio (DPR) is 52.94%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ABEV shares. Bank of America lowered shares of Ambev from a “buy” rating to a “neutral” rating in a report on Friday, January 17th. StockNews.com began coverage on shares of Ambev in a report on Monday, January 27th. They issued a “buy” rating on the stock. Citigroup reiterated a “neutral” rating on shares of Ambev in a report on Wednesday, January 22nd. Finally, Barclays decreased 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. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $2.45.

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.