Kiltearn Partners LLP Has $23.60 Million Stock Position in Ambev S.A. (NYSE:ABEV)

Kiltearn Partners LLP lifted its stake in Ambev S.A. (NYSE:ABEV) by 4.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 12,758,300 shares of the company’s stock after purchasing an additional 577,800 shares during the quarter. Ambev makes up about 3.9% of Kiltearn Partners LLP’s portfolio, making the stock its 9th largest holding. Kiltearn Partners LLP’s holdings in Ambev were worth $23,603,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp raised its holdings in Ambev by 9.2% in the third quarter. State Street Corp now owns 10,425,374 shares of the company’s stock worth $25,438,000 after buying an additional 878,900 shares during the last quarter. Jane Street Group LLC raised its holdings in Ambev by 132.9% in the 3rd quarter. Jane Street Group LLC now owns 1,976,147 shares of the company’s stock worth $4,822,000 after acquiring an additional 1,127,719 shares during the last quarter. HighTower Advisors LLC lifted its position in Ambev by 18.3% in the 3rd quarter. HighTower Advisors LLC now owns 54,013 shares of the company’s stock valued at $129,000 after acquiring an additional 8,350 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Ambev by 298.1% during the third quarter. Stifel Financial Corp now owns 802,016 shares of the company’s stock valued at $1,957,000 after purchasing an additional 600,545 shares in the last quarter. Finally, Private Management Group Inc. boosted its position in shares of Ambev by 8.1% during the fourth quarter. Private Management Group Inc. now owns 14,512,234 shares of the company’s stock valued at $26,848,000 after buying an additional 1,083,882 shares during the last quarter. Hedge funds and other institutional investors own 8.13% of the company’s stock.

Analyst Ratings Changes

ABEV has been the topic of a number of recent analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Ambev in a report on Wednesday, January 22nd. Barclays dropped their target price on shares of Ambev from $2.50 to $2.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. StockNews.com assumed coverage on Ambev in a report on Monday, January 27th. They set a “buy” rating on the stock. Finally, Bank of America lowered Ambev from a “buy” rating to a “neutral” rating in a report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $2.45.

Ambev Stock Down 0.2 %

Shares of ABEV stock opened at $2.31 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.02. Ambev S.A. has a 12 month low of $1.76 and a 12 month high of $2.56. The stock has a market cap of $36.31 billion, a P/E ratio of 12.81, a P/E/G ratio of 5.80 and a beta of 0.94. The company has a 50 day simple moving average of $2.02 and a two-hundred day simple moving average of $2.13.

Ambev (NYSE:ABEV) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $22.42 billion. Ambev had a return on equity of 16.12% and a net margin of 17.02%. On average, research analysts expect that Ambev S.A. will post 0.18 earnings per share for the current year.

Ambev Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Tuesday, March 18th will be paid a dividend of $0.0221 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 3.83%. Ambev’s dividend payout ratio (DPR) is presently 52.94%.

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.