Ambev (NYSE:ABEV) Insider De Lacerda Eduardo Cavalcanti Sells 152,386 Shares

Ambev S.A. (NYSE:ABEV) insider De Lacerda Eduardo Cavalcanti sold 152,386 shares of the firm’s stock in a transaction on Friday, March 27th. The stock was sold at an average price of $2.85, for a total value of $434,300.10. Following the completion of the transaction, the insider owned 223,340 shares in the company, valued at $636,519. The trade was a 40.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Ambev Trading Down 0.8%

ABEV opened at $3.17 on Tuesday. Ambev S.A. has a twelve month low of $2.10 and a twelve month high of $3.24. The company has a 50-day simple moving average of $2.99 and a 200 day simple moving average of $2.64. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $49.87 billion, a price-to-earnings ratio of 17.58, a P/E/G ratio of 2.35 and a beta of 0.66.

Ambev (NYSE:ABEV) last released its earnings results on Friday, February 13th. The company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. The firm had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.28 billion. Ambev had a net margin of 17.75% and a return on equity of 16.41%. Analysts predict that Ambev S.A. will post 0.18 EPS for the current fiscal year.

Hedge Funds Weigh In On Ambev

Several large investors have recently bought and sold shares of ABEV. GQG Partners LLC boosted its stake in shares of Ambev by 9.1% during the fourth quarter. GQG Partners LLC now owns 172,969,655 shares of the company’s stock valued at $427,235,000 after purchasing an additional 14,468,963 shares in the last quarter. Morgan Stanley increased its stake in shares of Ambev by 291.2% in the fourth quarter. Morgan Stanley now owns 45,462,628 shares of the company’s stock valued at $112,293,000 after buying an additional 33,842,540 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Ambev by 12.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 36,058,376 shares of the company’s stock valued at $80,410,000 after buying an additional 3,864,844 shares during the last quarter. Bank of America Corp DE raised its holdings in Ambev by 9.9% in the 2nd quarter. Bank of America Corp DE now owns 27,505,192 shares of the company’s stock valued at $66,288,000 after buying an additional 2,479,310 shares during the last quarter. Finally, Brandes Investment Partners LP boosted its position in Ambev by 4.0% during the 4th quarter. Brandes Investment Partners LP now owns 22,600,124 shares of the company’s stock worth $55,822,000 after buying an additional 874,657 shares during the period. 8.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ABEV has been the topic of a number of recent analyst reports. Barclays lifted their price objective on shares of Ambev from $2.50 to $3.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 17th. Weiss Ratings raised Ambev from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, March 5th. Finally, Wall Street Zen lowered Ambev from a “buy” rating to a “hold” rating in a research note on Monday, March 30th. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Ambev presently has an average rating of “Hold” and an average target price of $2.69.

Ambev Company 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.