ARGA Investment Management LP Takes Position in Ambev S.A. $ABEV

ARGA Investment Management LP purchased a new position in shares of Ambev S.A. (NYSE:ABEV) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,109,966 shares of the company’s stock, valued at approximately $2,475,000.

Other hedge funds also recently modified their holdings of the company. Integrated Wealth Concepts LLC acquired a new stake in Ambev during the first quarter worth about $26,000. EverSource Wealth Advisors LLC lifted its position in shares of Ambev by 2,224.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 12,248 shares of the company’s stock worth $30,000 after acquiring an additional 11,721 shares during the period. Signaturefd LLC lifted its position in shares of Ambev by 63.2% in the 2nd quarter. Signaturefd LLC now owns 12,712 shares of the company’s stock worth $31,000 after acquiring an additional 4,924 shares during the period. Focus Partners Wealth acquired a new stake in shares of Ambev during the 1st quarter worth approximately $33,000. Finally, Evergreen Capital Management LLC bought a new stake in shares of Ambev during the third quarter valued at approximately $34,000. 8.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ABEV. Zacks Research raised shares of Ambev from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 30th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $2.88 price objective on shares of Ambev in a research note on Wednesday, November 26th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ambev in a report on Monday, December 29th. Seven investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $2.53.

Ambev Price Performance

Shares of ABEV stock opened at $2.79 on Friday. The firm’s 50 day moving average price is $2.52 and its two-hundred day moving average price is $2.36. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.86 and a current ratio of 1.15. Ambev S.A. has a 52-week low of $1.79 and a 52-week high of $2.81. The stock has a market cap of $43.89 billion, a PE ratio of 15.47, a PEG ratio of 2.89 and a beta of 0.67.

Ambev (NYSE:ABEV) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. Ambev had a net margin of 17.90% and a return on equity of 15.81%. The business had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.97 billion. As a group, analysts forecast that Ambev S.A. will post 0.18 EPS for the current year.

Ambev Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Friday, January 9th. Stockholders of record on Monday, December 22nd were given a dividend of $0.049 per share. This represents a dividend yield of 1,465.0%. The ex-dividend date of this dividend was Monday, December 22nd. Ambev’s dividend payout ratio is currently 183.33%.

Ambev Profile

Ambev (NYSE: ABEV) is a Brazilian-based beverage company that produces, distributes and markets a broad portfolio of alcoholic and non-alcoholic drinks. The company’s core business centers on brewing and selling beer, alongside a range of soft drinks, bottled water, energy drinks and other malt-based beverages. Headquartered in São Paulo, Ambev operates an integrated value chain that covers manufacturing, packaging, logistics and commercial sales to retail, on-premise and institutional customers.

The company traces its origins to the 1999 merger of two historic Brazilian breweries, and later became part of the broader global brewing group through subsequent industry consolidations.