Roberts Glore & Co. Inc. IL Acquires 7,635 Shares of Ambev S.A. (NYSE:ABEV)

Roberts Glore & Co. Inc. IL increased its holdings in shares of Ambev S.A. (NYSE:ABEV) by 28.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,480 shares of the company’s stock after acquiring an additional 7,635 shares during the quarter. Roberts Glore & Co. Inc. IL’s holdings in Ambev were worth $64,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of ABEV. MCIA Inc bought a new position in Ambev during the third quarter worth about $25,000. Insight Inv LLC acquired a new stake in Ambev during the fourth quarter worth about $25,000. Wealthstream Advisors Inc. acquired a new stake in Ambev during the third quarter worth about $29,000. Naviter Wealth LLC acquired a new stake in Ambev during the fourth quarter worth about $29,000. Finally, Exchange Traded Concepts LLC acquired a new stake in Ambev during the fourth quarter worth about $30,000. 8.13% of the stock is owned by institutional investors.

Ambev Trading Up 1.1 %

ABEV opened at $2.24 on Monday. The company’s 50 day moving average is $1.89 and its 200-day moving average is $2.13. Ambev S.A. has a 1-year low of $1.76 and a 1-year high of $2.58. 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 company has a market cap of $35.21 billion, a P/E ratio of 12.42, a PEG 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 earnings per share 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 company had revenue of $4.63 billion during the quarter, compared to analyst estimates of $22.42 billion. Equities research analysts predict that Ambev S.A. will post 0.18 earnings per share for the current fiscal year.

Ambev Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ABEV. Citigroup reiterated a “neutral” rating on shares of Ambev in a research note on Wednesday, January 22nd. StockNews.com began coverage on shares of Ambev in a research note on Monday, January 27th. They set a “buy” rating on the stock. Bank of America downgraded shares of Ambev from a “buy” rating to a “neutral” rating in a research note on Friday, January 17th. Finally, Barclays reduced their price objective on shares of 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 given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.