Envestnet Portfolio Solutions Inc. Acquires 15,718 Shares of Ambev S.A. (NYSE:ABEV)

Envestnet Portfolio Solutions Inc. raised its holdings in Ambev S.A. (NYSE:ABEV) by 19.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 95,427 shares of the company’s stock after purchasing an additional 15,718 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Ambev were worth $177,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. IFP Advisors Inc raised its stake in Ambev by 7.5% in the 4th quarter. IFP Advisors Inc now owns 84,868 shares of the company’s stock valued at $157,000 after acquiring an additional 5,900 shares during the period. Mondrian Investment Partners LTD boosted its holdings in shares of Ambev by 40.4% during the 4th quarter. Mondrian Investment Partners LTD now owns 20,810 shares of the company’s stock worth $38,000 after buying an additional 5,993 shares during the period. Stephens Inc. AR grew its stake in Ambev by 3.6% in the 4th quarter. Stephens Inc. AR now owns 173,066 shares of the company’s stock valued at $320,000 after buying an additional 6,078 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in Ambev by 7.8% in the 4th quarter. Jones Financial Companies Lllp now owns 85,142 shares of the company’s stock valued at $158,000 after acquiring an additional 6,164 shares during the period. Finally, Caprock Group LLC lifted its position in Ambev by 12.4% during the fourth quarter. Caprock Group LLC now owns 65,189 shares of the company’s stock worth $128,000 after acquiring an additional 7,211 shares during the last quarter. 8.13% of the stock is owned by institutional investors and hedge funds.

Ambev Price Performance

Ambev stock opened at $2.28 on Friday. The stock’s fifty day moving average price is $2.03 and its two-hundred day moving average price is $2.12. The firm has a market cap of $35.84 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 5.80 and a beta of 0.94. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 0.89. Ambev S.A. has a one year low of $1.76 and a one year high of $2.56.

Ambev (NYSE:ABEV) last posted 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). The company had revenue of $4.63 billion during the quarter, compared to analyst estimates of $22.42 billion. Ambev had a net margin of 17.02% and a return on equity of 16.12%. As a group, research analysts expect 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. Investors of record on Tuesday, March 18th will be given a dividend of $0.0221 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.09 annualized dividend and a dividend yield of 3.88%. Ambev’s dividend payout ratio is 52.94%.

Analyst Ratings Changes

Several research firms have recently commented on ABEV. Citigroup reaffirmed a “neutral” rating on shares of Ambev in a research report on Wednesday, January 22nd. Bank of America lowered Ambev from a “buy” rating to a “neutral” rating in a report on Friday, January 17th. StockNews.com started coverage on Ambev in a report on Monday, January 27th. They set a “buy” rating for the company. Finally, Barclays decreased their price target on shares of Ambev from $2.50 to $2.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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.