Kiltearn Partners LLP Has $23.60 Million Position in Ambev S.A. (NYSE:ABEV)

Kiltearn Partners LLP lifted its position in Ambev S.A. (NYSE:ABEV) by 4.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,758,300 shares of the company’s stock after purchasing an additional 577,800 shares during the quarter. Ambev comprises approximately 3.9% of Kiltearn Partners LLP’s portfolio, making the stock its 9th largest holding. Kiltearn Partners LLP owned approximately 0.08% of Ambev worth $23,603,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MCIA Inc purchased a new position in Ambev in the 3rd quarter worth approximately $25,000. Insight Inv LLC purchased a new position in Ambev in the fourth quarter worth $25,000. Naviter Wealth LLC bought a new position in Ambev in the fourth quarter valued at $29,000. Exchange Traded Concepts LLC purchased a new stake in Ambev during the fourth quarter valued at about $30,000. Finally, Angeles Wealth Management LLC bought a new stake in Ambev during the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 8.13% of the company’s stock.

Ambev Price Performance

Shares of Ambev stock opened at $2.31 on Friday. The firm has a market cap of $36.31 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 5.80 and a beta of 0.94. The company’s fifty day simple moving average is $2.02 and its two-hundred day simple moving average is $2.13. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. Ambev S.A. has a 12-month low of $1.76 and a 12-month high of $2.56.

Ambev (NYSE:ABEV) last released 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). Ambev had a net margin of 17.02% and a return on equity of 16.12%. The business had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $22.42 billion. As a group, equities analysts expect that Ambev S.A. will post 0.18 EPS for the current year.

Ambev Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Tuesday, March 18th will be given a $0.0221 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.09 annualized dividend and a dividend yield of 3.83%. Ambev’s dividend payout ratio is 52.94%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Barclays dropped their target price on Ambev from $2.50 to $2.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Citigroup reissued a “neutral” rating on shares of Ambev in a research note on Wednesday, January 22nd. Bank of America cut Ambev from a “buy” rating to a “neutral” rating in a research note on Friday, January 17th. Finally, StockNews.com initiated coverage on Ambev in a research note on Monday, January 27th. They issued a “buy” rating for the company. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus 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.