IFP Advisors Inc Boosts Stake in Ambev S.A. (NYSE:ABEV)

IFP Advisors Inc raised its stake in shares of Ambev S.A. (NYSE:ABEV) by 7.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,868 shares of the company’s stock after acquiring an additional 5,900 shares during the quarter. IFP Advisors Inc’s holdings in Ambev were worth $157,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Prime Capital Investment Advisors LLC boosted its position in Ambev by 37.9% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 17,685 shares of the company’s stock valued at $43,000 after acquiring an additional 4,861 shares in the last quarter. PDS Planning Inc boosted its position in Ambev by 18.4% during the 3rd quarter. PDS Planning Inc now owns 34,870 shares of the company’s stock valued at $85,000 after acquiring an additional 5,409 shares in the last quarter. Endowment Wealth Management Inc. boosted its position in Ambev by 21.6% during the 3rd quarter. Endowment Wealth Management Inc. now owns 31,525 shares of the company’s stock valued at $77,000 after acquiring an additional 5,592 shares in the last quarter. OneDigital Investment Advisors LLC boosted its position in Ambev by 45.1% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 19,227 shares of the company’s stock valued at $47,000 after acquiring an additional 5,979 shares in the last quarter. Finally, Stephens Inc. AR boosted its position in Ambev by 3.6% during the 4th quarter. Stephens Inc. AR now owns 173,066 shares of the company’s stock valued at $320,000 after acquiring an additional 6,078 shares in the last quarter. Institutional investors own 8.13% of the company’s stock.

Ambev Stock Up 0.5 %

Ambev stock opened at $2.08 on Tuesday. 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 stock has a market capitalization of $32.77 billion, a price-to-earnings ratio of 11.56, a PEG ratio of 5.80 and a beta of 1.04. Ambev S.A. has a 1-year low of $1.76 and a 1-year high of $2.58. The business has a fifty day moving average price of $1.86 and a 200-day moving average price of $2.13.

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

Ambev Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Tuesday, March 18th will be given 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 yield of 4.24%. Ambev’s dividend payout ratio is currently 35.29%.

Analysts Set New Price Targets

Several brokerages have issued reports on ABEV. StockNews.com began coverage on Ambev in a research report on Monday, January 27th. They set a “buy” rating on the stock. Citigroup reaffirmed a “neutral” rating on shares of Ambev in a research report on Wednesday, January 22nd. Bank of America cut Ambev from a “buy” rating to a “neutral” rating in a research report on Friday, January 17th. Finally, Barclays lowered their price objective on Ambev from $2.50 to $2.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $2.45.

Ambev 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.