Roberts Glore & Co. Inc. IL Has $64,000 Stock Holdings in Ambev S.A. (NYSE:ABEV)

Roberts Glore & Co. Inc. IL increased its holdings in shares of Ambev S.A. (NYSE:ABEV) by 28.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 34,480 shares of the company’s stock after acquiring an additional 7,635 shares during the quarter. Roberts Glore & Co. Inc. IL’s holdings in Ambev were worth $64,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. MCIA Inc bought a new position in Ambev during the 3rd quarter worth approximately $25,000. Insight Inv LLC bought a new position in Ambev during the 4th quarter worth approximately $25,000. Wealthstream Advisors Inc. bought a new position in Ambev during the 3rd quarter worth approximately $29,000. Naviter Wealth LLC bought a new position in Ambev during the 4th quarter worth approximately $29,000. Finally, Exchange Traded Concepts LLC bought a new position in Ambev during the 4th quarter worth approximately $30,000. Institutional investors own 8.13% of the company’s stock.

Analysts Set New Price Targets

ABEV has been the subject of several analyst reports. Bank of America lowered shares of Ambev from a “buy” rating to a “neutral” rating in a report on Friday, January 17th. StockNews.com started coverage on shares of Ambev in a research note on Monday, January 27th. They issued a “buy” rating for the company. Barclays lowered their price objective on shares of Ambev from $2.50 to $2.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Finally, Citigroup reiterated a “neutral” rating on shares of Ambev in a research note on Wednesday, January 22nd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $2.45.

Ambev Price Performance

ABEV opened at $2.24 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 0.89. The company has a market capitalization of $35.21 billion, a price-to-earnings ratio of 12.42, a P/E/G ratio of 5.80 and a beta of 0.94. The firm’s fifty day moving average price is $1.89 and its two-hundred day moving average price is $2.13. Ambev S.A. has a 1 year low of $1.76 and a 1 year high of $2.58.

Ambev (NYSE:ABEV) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The firm had revenue of $4.63 billion for 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%. As a group, analysts anticipate that Ambev S.A. will post 0.18 earnings per share for the current fiscal year.

Ambev Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.0221 per share. This represents a $0.09 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend is Tuesday, March 18th. Ambev’s dividend payout ratio is presently 52.94%.

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.