UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $245,000 Stake in Ambev S.A. (NYSE:ABEV)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of Ambev S.A. (NYSE:ABEV) by 65.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 132,600 shares of the company’s stock after selling 250,000 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Ambev were worth $245,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. GQG Partners LLC boosted its stake in shares of Ambev by 51.9% during the 4th quarter. GQG Partners LLC now owns 196,676,003 shares of the company’s stock worth $363,851,000 after acquiring an additional 67,180,274 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Ambev by 1,641.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 19,001,985 shares of the company’s stock valued at $35,154,000 after purchasing an additional 17,911,122 shares during the last quarter. Bank of America Corp DE boosted its position in Ambev by 201.7% during the fourth quarter. Bank of America Corp DE now owns 26,087,675 shares of the company’s stock worth $48,262,000 after purchasing an additional 17,440,564 shares during the period. Two Sigma Advisers LP increased its holdings in shares of Ambev by 329.6% in the fourth quarter. Two Sigma Advisers LP now owns 16,354,000 shares of the company’s stock valued at $30,255,000 after purchasing an additional 12,546,800 shares during the last quarter. Finally, Two Sigma Investments LP increased its holdings in shares of Ambev by 202.5% in the fourth quarter. Two Sigma Investments LP now owns 13,181,359 shares of the company’s stock valued at $24,386,000 after purchasing an additional 8,823,911 shares during the last quarter. Institutional investors and hedge funds own 8.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ABEV shares. Barclays raised their target price on shares of Ambev from $2.00 to $2.50 and gave the stock an “equal weight” rating in a research note on Monday, May 12th. 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 began coverage on Ambev in a report on Wednesday, April 23rd. They set a “buy” rating for the company. Finally, UBS Group upped their target price on Ambev from $2.60 to $2.70 and gave the company a “neutral” rating in a research report on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Ambev currently has a consensus rating of “Hold” and a consensus target price of $2.60.

Ambev Trading Down 1.2%

ABEV stock opened at $2.45 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 1.20. The company’s 50-day simple moving average is $2.44 and its 200 day simple moving average is $2.18. Ambev S.A. has a 52 week low of $1.76 and a 52 week high of $2.64. The company has a market capitalization of $38.61 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 5.80 and a beta of 0.76.

Ambev (NYSE:ABEV) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. Ambev had a net margin of 17.02% and a return on equity of 16.12%. The firm had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $22.40 billion. As a group, sell-side analysts anticipate that Ambev S.A. will post 0.18 earnings per share for the current year.

Ambev Cuts Dividend

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

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.