By otakuyassine3@gmail.com 
Jones Financial Companies Lllp increased its position in shares of Ambev S.A. (NYSE:ABEV – Free Report) by 7.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 85,142 shares of the company’s stock after buying an additional 6,164 shares during the period. Jones Financial Companies Lllp’s holdings in Ambev were worth $158,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the company. Sage Investment Counsel LLC bought a new stake in shares of Ambev during the 4th quarter worth $204,000. Motco boosted its holdings in Ambev by 12.7% in the 4th quarter. Motco now owns 255,971 shares of the company’s stock valued at $474,000 after purchasing an additional 28,900 shares during the period. Altrius Capital Management Inc boosted its holdings in Ambev by 1.3% in the 4th quarter. Altrius Capital Management Inc now owns 3,583,267 shares of the company’s stock valued at $6,629,000 after purchasing an additional 46,233 shares during the period. Verus Capital Partners LLC boosted its holdings in Ambev by 24.6% in the 4th quarter. Verus Capital Partners LLC now owns 70,000 shares of the company’s stock valued at $130,000 after purchasing an additional 13,800 shares during the period. Finally, CORDA Investment Management LLC. bought a new stake in Ambev in the 4th quarter valued at $11,987,000. 8.13% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on ABEV. StockNews.com began coverage on shares of Ambev in a report on Monday, January 27th. They issued a “buy” rating for the company. Citigroup reissued a “neutral” rating on shares of Ambev in a report on Wednesday, January 22nd. Barclays reduced their price target on shares of Ambev from $2.50 to $2.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Finally, Bank of America downgraded shares of Ambev from a “buy” rating to a “neutral” rating in a report on Friday, January 17th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $2.45.
Check Out Our Latest Stock Analysis on ABEV
Ambev Trading Up 2.9 %
Shares of ABEV stock opened at $2.31 on Friday. Ambev S.A. has a 52-week low of $1.76 and a 52-week high of $2.56. The stock has a market cap of $36.31 billion, a price-to-earnings ratio of 12.81, a P/E/G ratio of 5.80 and a beta of 0.94. 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 firm has a fifty day moving average of $1.93 and a 200-day moving average of $2.12.
Ambev (NYSE:ABEV – Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.05 earnings per share (EPS) 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 business had revenue of $4.63 billion during the quarter, compared to analyst estimates of $22.42 billion. On average, equities research analysts forecast that Ambev S.A. will post 0.18 earnings per share for the current fiscal year.
Ambev Cuts Dividend
The firm also recently disclosed 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. This represents a $0.09 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date is Tuesday, March 18th. Ambev’s dividend 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.
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