IFP Advisors Inc Raises Position in Ambev S.A. (NYSE:ABEV)

IFP Advisors Inc grew its position in shares of Ambev S.A. (NYSE:ABEV) by 29.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 109,818 shares of the company’s stock after buying an additional 24,950 shares during the quarter. IFP Advisors Inc’s holdings in Ambev were worth $256,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in ABEV. Talaria Asset Management Pty Ltd bought a new stake in shares of Ambev in the fourth quarter worth approximately $38,602,000. Arrowstreet Capital Limited Partnership boosted its holdings in Ambev by 1,641.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 19,001,985 shares of the company’s stock worth $35,154,000 after purchasing an additional 17,911,122 shares during the last quarter. Bank of America Corp DE grew its position in Ambev by 201.7% in the 4th 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 raised its stake in Ambev by 329.6% during the 4th quarter. Two Sigma Advisers LP now owns 16,354,000 shares of the company’s stock valued at $30,255,000 after buying an additional 12,546,800 shares during the last quarter. Finally, Two Sigma Investments LP boosted its stake in shares of Ambev by 202.5% in the 4th quarter. Two Sigma Investments LP now owns 13,181,359 shares of the company’s stock worth $24,386,000 after buying an additional 8,823,911 shares during the last quarter. Hedge funds and other institutional investors own 8.13% of the company’s stock.

Ambev Stock Performance

NYSE ABEV opened at $2.39 on Monday. The business’s 50 day moving average price is $2.43 and its 200-day moving average price is $2.26. Ambev S.A. has a fifty-two week low of $1.76 and a fifty-two week high of $2.63. The company has a market cap of $37.58 billion, a P/E ratio of 14.91, a P/E/G ratio of 2.53 and a beta of 0.74. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.80 and a current ratio of 1.11.

Ambev (NYSE:ABEV) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. The company had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $22.40 billion. Ambev had a net margin of 15.76% and a return on equity of 14.74%. Sell-side analysts predict that Ambev S.A. will post 0.18 earnings per share for the current year.

Ambev Cuts Dividend

The business also recently disclosed a — dividend, which was paid on Thursday, July 17th. Investors of record on Monday, May 19th were issued a dividend of $0.0219 per share. The ex-dividend date was Monday, May 19th. This represents a yield of 5%. Ambev’s payout ratio is 68.75%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Barclays upped their price objective on Ambev from $2.00 to $2.50 and gave the company an “equal weight” rating in a research report on Monday, May 12th. UBS Group increased their price objective on shares of Ambev from $2.60 to $2.70 and gave the stock a “neutral” rating in a research note on Wednesday, June 4th. Morgan Stanley downgraded shares of Ambev from an “equal weight” rating to an “underweight” rating in a report on Monday, April 7th. Finally, Wall Street Zen started coverage on shares of Ambev in a report on Wednesday, April 23rd. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $2.60.

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.