Ambev S.A. (NYSE:ABEV) Position Boosted by Corient Private Wealth LLC

Corient Private Wealth LLC lifted its stake in shares of Ambev S.A. (NYSE:ABEV) by 2.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,134,568 shares of the company’s stock after buying an additional 84,939 shares during the quarter. Corient Private Wealth LLC’s holdings in Ambev were worth $5,799,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. IFP Advisors Inc lifted its holdings in Ambev by 7.5% in the fourth quarter. IFP Advisors Inc now owns 84,868 shares of the company’s stock worth $157,000 after acquiring an additional 5,900 shares during the last quarter. OneDigital Investment Advisors LLC lifted its holdings in Ambev by 45.1% in the third quarter. OneDigital Investment Advisors LLC now owns 19,227 shares of the company’s stock worth $47,000 after acquiring an additional 5,979 shares during the last quarter. Mondrian Investment Partners LTD lifted its holdings in Ambev by 40.4% in the fourth quarter. Mondrian Investment Partners LTD now owns 20,810 shares of the company’s stock worth $38,000 after acquiring an additional 5,993 shares during the last quarter. Stephens Inc. AR lifted its holdings in Ambev by 3.6% in the fourth quarter. Stephens Inc. AR now owns 173,066 shares of the company’s stock worth $320,000 after acquiring an additional 6,078 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in Ambev by 7.8% in the fourth quarter. Jones Financial Companies Lllp now owns 85,142 shares of the company’s stock worth $158,000 after acquiring an additional 6,164 shares during the last quarter. Institutional investors own 8.13% of the company’s stock.

Ambev Price Performance

Shares of NYSE:ABEV opened at $2.36 on Friday. The firm’s 50 day moving average is $1.98 and its two-hundred day moving average is $2.13. Ambev S.A. has a 52 week low of $1.76 and a 52 week high of $2.56. The firm has a market capitalization of $37.10 billion, a P/E ratio of 13.08, a PEG ratio of 5.80 and a beta of 0.94. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.02.

Ambev (NYSE:ABEV) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.05 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 company had revenue of $4.63 billion for the quarter, compared to analyst estimates of $22.42 billion. Analysts anticipate that Ambev S.A. will post 0.18 earnings per share for the current year.

Ambev Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Tuesday, March 18th will be paid a dividend of $0.0221 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 3.75%. Ambev’s dividend payout ratio is presently 52.94%.

Analyst Ratings Changes

ABEV has been the topic of a number of recent research reports. StockNews.com initiated coverage on shares of Ambev in a report on Monday, January 27th. They issued a “buy” rating on the stock. Barclays dropped their price target 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. Bank of America lowered shares of Ambev from a “buy” rating to a “neutral” rating in a research note on Friday, January 17th. Finally, Citigroup restated 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 stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $2.45.

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.