Yousif Capital Management LLC Decreases Stock Position in Ambev S.A. $ABEV

Yousif Capital Management LLC cut its position in Ambev S.A. (NYSE:ABEV) by 15.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,597 shares of the company’s stock after selling 11,080 shares during the period. Yousif Capital Management LLC’s holdings in Ambev were worth $144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in ABEV. Northern Trust Corp boosted its stake in Ambev by 17.8% during the 1st quarter. Northern Trust Corp now owns 7,757,412 shares of the company’s stock worth $18,075,000 after purchasing an additional 1,170,397 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Ambev in the first quarter valued at about $925,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Ambev by 14.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 339,069 shares of the company’s stock worth $790,000 after buying an additional 42,722 shares in the last quarter. American Century Companies Inc. boosted its position in Ambev by 10.0% during the first quarter. American Century Companies Inc. now owns 2,455,125 shares of the company’s stock worth $5,720,000 after acquiring an additional 222,768 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Ambev by 98.6% during the 1st quarter. Invesco Ltd. now owns 3,803,683 shares of the company’s stock valued at $8,863,000 after acquiring an additional 1,887,987 shares in the last quarter. 8.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. UBS Group decreased their target price on shares of Ambev from $2.50 to $2.20 and set a “neutral” rating on the stock in a research note on Wednesday, August 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ambev in a research report on Wednesday, October 8th. HSBC reissued a “hold” rating on shares of Ambev in a research note on Friday, August 1st. Hsbc Global Res raised Ambev to a “hold” rating in a research note on Friday, August 1st. Finally, Zacks Research raised shares of Ambev from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 30th. Eight investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $2.35.

Ambev Stock Performance

NYSE ABEV opened at $2.19 on Friday. The stock has a fifty day simple moving average of $2.23 and a 200-day simple moving average of $2.34. The company has a current ratio of 1.11, a quick ratio of 0.80 and a debt-to-equity ratio of 0.02. The stock has a market cap of $34.43 billion, a PE ratio of 13.66, a P/E/G ratio of 2.22 and a beta of 0.85. Ambev S.A. has a twelve month low of $1.76 and a twelve month high of $2.63.

Ambev (NYSE:ABEV) last posted its earnings results on Thursday, July 31st. The company reported $0.03 EPS for the quarter, meeting analysts’ consensus estimates of $0.03. The company had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $21.84 billion. Ambev had a net margin of 16.18% and a return on equity of 15.39%. Equities analysts anticipate that Ambev S.A. will post 0.18 earnings per share for the current year.

Ambev Increases Dividend

The business also recently disclosed a — dividend, which was paid on Tuesday, October 14th. Investors of record on Monday, August 11th were given a dividend of $0.023 per share. This represents a dividend yield of 660.0%. The ex-dividend date of this dividend was Monday, August 11th. This is an increase from Ambev’s previous — dividend of $0.02. Ambev’s dividend payout ratio is 31.25%.

About Ambev

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.