Generali Investments CEE investicni spolecnost a.s. Purchases Shares of 221,750 Ambev S.A. (NYSE:ABEV)

Generali Investments CEE investicni spolecnost a.s. purchased a new stake in Ambev S.A. (NYSE:ABEV) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 221,750 shares of the company’s stock, valued at approximately $410,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of ABEV. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Ambev in the 4th quarter worth about $71,000. Callan Family Office LLC bought a new stake in shares of Ambev in the 4th quarter worth about $279,000. Vestmark Advisory Solutions Inc. increased its holdings in shares of Ambev by 144.7% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 63,655 shares of the company’s stock worth $118,000 after buying an additional 37,642 shares during the last quarter. Lindbrook Capital LLC increased its holdings in shares of Ambev by 106.0% in the 4th quarter. Lindbrook Capital LLC now owns 24,604 shares of the company’s stock worth $46,000 after buying an additional 12,660 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Ambev in the 4th quarter worth about $3,523,000. 8.13% of the stock is currently owned by institutional investors.

Ambev Trading Up 1.1 %

NYSE ABEV opened at $2.24 on Monday. The company’s 50-day moving average price is $1.89 and its 200-day moving average price is $2.13. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.02. The stock has a market cap of $35.21 billion, a PE ratio of 12.42, a PEG ratio of 5.80 and a beta of 0.94. Ambev S.A. has a 12 month low of $1.76 and a 12 month high of $2.58.

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 company had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $22.42 billion. Ambev had a return on equity of 16.12% and a net margin of 17.02%. Equities research analysts forecast that Ambev S.A. will post 0.18 earnings per share for the current 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 issued a $0.0221 dividend. This represents a $0.09 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend is Tuesday, March 18th. Ambev’s payout ratio is presently 52.94%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. StockNews.com initiated coverage on shares of Ambev in a research note on Monday, January 27th. They set a “buy” rating for the company. Bank of America downgraded shares of Ambev from a “buy” rating to a “neutral” rating in a research note on Friday, January 17th. Barclays cut their target price 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. Finally, Citigroup reissued a “neutral” rating on shares of Ambev in a research note on Wednesday, January 22nd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $2.45.

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.