Rockefeller Capital Management L.P. Trims Stake in Ambev S.A. (NYSE:ABEV)

Rockefeller Capital Management L.P. lowered its holdings in Ambev S.A. (NYSE:ABEV) by 64.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 988,517 shares of the company’s stock after selling 1,787,791 shares during the period. Rockefeller Capital Management L.P.’s holdings in Ambev were worth $1,829,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Insight Inv LLC purchased a new stake in Ambev during the fourth quarter valued at about $25,000. Naviter Wealth LLC bought a new stake in Ambev in the 4th quarter worth approximately $29,000. Exchange Traded Concepts LLC purchased a new stake in Ambev in the fourth quarter worth approximately $30,000. Angeles Wealth Management LLC bought a new position in Ambev during the fourth quarter valued at approximately $36,000. Finally, Mondrian Investment Partners LTD lifted its holdings in shares of Ambev by 40.4% in the 4th 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. Institutional investors own 8.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ABEV shares. Barclays decreased their target price on shares of Ambev from $2.50 to $2.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Citigroup restated a “neutral” rating on shares of Ambev in a research report on Wednesday, January 22nd. StockNews.com assumed coverage on shares of Ambev in a report on Tuesday, April 15th. They issued a “buy” rating on the stock. Morgan Stanley lowered shares of Ambev from an “equal weight” rating to an “underweight” rating in a report on Monday, April 7th. Finally, Bank of America lowered shares of Ambev from a “buy” rating to a “neutral” rating in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $2.45.

Ambev Stock Performance

NYSE:ABEV opened at $2.41 on Monday. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. The firm’s fifty day simple moving average is $2.19 and its 200 day simple moving average is $2.11. The stock has a market cap of $37.89 billion, a P/E ratio of 13.36, a price-to-earnings-growth ratio of 5.80 and a beta of 0.68. Ambev S.A. has a twelve month low of $1.76 and a twelve month high of $2.56.

Ambev (NYSE:ABEV) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $22.42 billion. As a group, research analysts predict that Ambev S.A. will post 0.18 EPS for the current year.

Ambev Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Tuesday, March 18th were paid a $0.0221 dividend. This represents a $0.09 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend was Tuesday, March 18th. Ambev’s payout ratio is presently 52.94%.

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.