Stifel Financial Corp Has $1.50 Million Holdings in Ambev S.A. (NYSE:ABEV)

Stifel Financial Corp lifted its stake in shares of Ambev S.A. (NYSE:ABEV) by 1.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 810,379 shares of the company’s stock after buying an additional 8,363 shares during the quarter. Stifel Financial Corp’s holdings in Ambev were worth $1,499,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of ABEV. Insight Inv LLC bought a new position in Ambev in the fourth quarter worth approximately $25,000. Naviter Wealth LLC acquired a new position in shares of Ambev during the fourth quarter worth approximately $29,000. Generation Capital Management LLC bought a new position in shares of Ambev in the 4th quarter worth $28,000. Exchange Traded Concepts LLC acquired a new stake in Ambev in the 4th quarter valued at $30,000. Finally, NewEdge Advisors LLC increased its stake in Ambev by 51.4% during the 4th quarter. NewEdge Advisors LLC now owns 17,084 shares of the company’s stock valued at $32,000 after purchasing an additional 5,798 shares in the last quarter. Institutional investors own 8.13% of the company’s stock.

Ambev Stock Performance

Shares of Ambev stock opened at $2.49 on Wednesday. The business’s fifty day simple moving average is $2.32 and its 200 day simple moving average 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. Ambev S.A. has a 12 month low of $1.76 and a 12 month high of $2.59. The firm has a market capitalization of $39.16 billion, a P/E ratio of 13.81, a price-to-earnings-growth ratio of 5.80 and a beta of 0.80.

Ambev (NYSE:ABEV) last released its 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 business had revenue of $4.63 billion for 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%. As a group, analysts anticipate 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 was paid on Monday, April 14th. Stockholders of record on Tuesday, March 18th were given a dividend of $0.0221 per share. This represents a $0.09 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date was Tuesday, March 18th. Ambev’s dividend payout ratio is currently 52.94%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ABEV. Bank of America cut shares of Ambev from a “buy” rating to a “neutral” rating in a report on Friday, January 17th. Barclays decreased their price objective on Ambev from $2.50 to $2.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. StockNews.com started coverage on Ambev in a report on Wednesday, April 23rd. They issued a “buy” rating on the stock. Citigroup reiterated a “neutral” rating on shares of Ambev in a report on Wednesday, January 22nd. Finally, UBS Group cut Ambev from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.