221,750 Shares in Ambev S.A. (NYSE:ABEV) Purchased by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Ambev S.A. (NYSE:ABEV) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 221,750 shares of the company’s stock, valued at approximately $410,000.

Several other hedge funds have also modified their holdings of ABEV. CORDA Investment Management LLC. purchased a new stake in shares of Ambev during the fourth quarter valued at about $11,987,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Ambev by 39.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 18,519,980 shares of the company’s stock valued at $33,892,000 after acquiring an additional 5,283,746 shares in the last quarter. Altrius Capital Management Inc acquired a new position in shares of Ambev during the third quarter valued at about $8,630,000. Raymond James Financial Inc. acquired a new position in shares of Ambev during the fourth quarter valued at about $3,523,000. Finally, Meritage Portfolio Management acquired a new position in shares of Ambev during the third quarter valued at about $4,645,000. 8.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ABEV shares. StockNews.com started coverage on shares of Ambev in a report on Monday, January 27th. They set a “buy” rating on the stock. Bank of America downgraded shares of Ambev from a “buy” rating to a “neutral” rating in a report on Friday, January 17th. Citigroup restated a “neutral” rating on shares of Ambev in a report on Wednesday, January 22nd. Finally, Barclays cut their price objective 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. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Ambev currently has a consensus rating of “Hold” and a consensus price target of $2.45.

Ambev Price Performance

Shares of NYSE:ABEV opened at $2.24 on Monday. Ambev S.A. has a twelve month low of $1.76 and a twelve month high of $2.58. The company’s 50 day moving average is $1.89 and its 200 day moving average is $2.13. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.02. The company has a market cap of $35.21 billion, a PE ratio of 12.42, a price-to-earnings-growth ratio of 5.80 and a beta of 0.94.

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

Ambev Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Tuesday, March 18th will be issued a $0.0221 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.09 annualized dividend and a yield of 3.95%. 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.