D. E. Shaw & Co. Inc. Has $873,000 Position in Ambev S.A. (NYSE:ABEV)

D. E. Shaw & Co. Inc. lowered its stake in shares of Ambev S.A. (NYSE:ABEV) by 85.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 471,804 shares of the company’s stock after selling 2,843,353 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Ambev were worth $873,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in ABEV. Insight Inv LLC acquired a new stake in shares of Ambev during the fourth quarter worth approximately $25,000. Naviter Wealth LLC acquired a new stake in shares of Ambev during the fourth quarter worth $29,000. Generation Capital Management LLC acquired a new stake in shares of Ambev during the fourth 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% in the 4th quarter. NewEdge Advisors LLC now owns 17,084 shares of the company’s stock valued at $32,000 after buying an additional 5,798 shares during the last quarter. Institutional investors and hedge funds own 8.13% of the company’s stock.

Ambev Trading Up 0.6%

ABEV opened at $2.53 on Friday. 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 stock has a market cap of $39.79 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 5.80 and a beta of 0.80. The company has a fifty day moving average of $2.40 and a 200-day moving average of $2.15. Ambev S.A. has a twelve month low of $1.76 and a twelve month high of $2.64.

Ambev (NYSE:ABEV) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. Ambev had a net margin of 17.02% and a return on equity of 16.12%. The business had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $22.40 billion. On average, sell-side analysts predict that Ambev S.A. will post 0.18 EPS for the current year.

Ambev Cuts Dividend

The company also recently declared a — dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, May 19th will be given a dividend of $0.0219 per share. This represents a dividend yield of 5%. The ex-dividend date of this dividend is Monday, May 19th. Ambev’s payout ratio is currently 68.75%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ABEV. Morgan Stanley downgraded shares of Ambev from an “equal weight” rating to an “underweight” rating in a research report on Monday, April 7th. Wall Street Zen assumed coverage on shares of Ambev in a research report on Wednesday, April 23rd. They issued a “buy” rating for the company. UBS Group cut shares of Ambev from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 22nd. Finally, Barclays upped their price target on shares of Ambev from $2.00 to $2.50 and gave the company an “equal weight” rating in a research report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $2.70.

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.