Robeco Institutional Asset Management B.V. Makes New $925,000 Investment in Ambev S.A. (NYSE:ABEV)

Robeco Institutional Asset Management B.V. acquired a new position in shares of Ambev S.A. (NYSE:ABEV) during the first quarter, Holdings Channel.com reports. The institutional investor acquired 396,969 shares of the company’s stock, valued at approximately $925,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. NewEdge Advisors LLC boosted its stake in Ambev by 51.4% during the fourth quarter. NewEdge Advisors LLC now owns 17,084 shares of the company’s stock worth $32,000 after buying an additional 5,798 shares during the last quarter. Mondrian Investment Partners LTD lifted its stake in shares of Ambev by 40.4% in the 4th quarter. Mondrian Investment Partners LTD now owns 20,810 shares of the company’s stock valued at $38,000 after purchasing an additional 5,993 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of 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 purchasing an additional 6,164 shares during the last quarter. PDS Planning Inc lifted its stake in shares of Ambev by 18.3% in the 4th quarter. PDS Planning Inc now owns 41,244 shares of the company’s stock valued at $76,000 after purchasing an additional 6,374 shares during the last quarter. Finally, Insigneo Advisory Services LLC lifted its stake in shares of Ambev by 22.1% in the 1st quarter. Insigneo Advisory Services LLC now owns 38,457 shares of the company’s stock valued at $90,000 after purchasing an additional 6,949 shares during the last quarter. Institutional investors and hedge funds own 8.13% of the company’s stock.

Ambev Price Performance

ABEV stock opened at $2.48 on Thursday. The company has a current ratio of 1.11, a quick ratio of 0.80 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $39.08 billion, a PE ratio of 15.50, a P/E/G ratio of 2.57 and a beta of 0.74. Ambev S.A. has a 12-month low of $1.76 and a 12-month high of $2.64. The business’s fifty day moving average price is $2.47 and its 200 day moving average price is $2.20.

Ambev (NYSE:ABEV) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. The firm had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $22.40 billion. Ambev had a return on equity of 14.74% and a net margin of 15.76%. On average, sell-side analysts anticipate that Ambev S.A. will post 0.18 EPS for the current year.

Ambev Cuts Dividend

The company also recently disclosed a — dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, May 19th will be issued a $0.0219 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a dividend yield of 5%. Ambev’s dividend payout ratio is presently 68.75%.

Analysts Set New Price Targets

Several equities analysts have recently commented on ABEV shares. Barclays upped their price target on Ambev from $2.00 to $2.50 and gave the company an “equal weight” rating in a research note on Monday, May 12th. Wall Street Zen started coverage on Ambev in a research note on Wednesday, April 23rd. They issued a “buy” rating on the stock. UBS Group upped their price target on Ambev from $2.60 to $2.70 and gave the company a “neutral” rating in a research note on Wednesday, June 4th. Finally, Morgan Stanley lowered Ambev from an “equal weight” rating to an “underweight” rating in a research note on Monday, April 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Ambev has a consensus rating of “Hold” and an average price target of $2.60.

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.