Ambev S.A. (NYSE:ABEV) Shares Sold by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC cut its stake in Ambev S.A. (NYSE:ABEV) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,222,125 shares of the company’s stock after selling 59,721 shares during the quarter. Ambev comprises about 1.3% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 28th biggest position. Euro Pacific Asset Management LLC’s holdings in Ambev were worth $5,890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of ABEV. MCIA Inc acquired a new position in Ambev during the 3rd quarter worth approximately $25,000. HTLF Bank purchased a new position in shares of Ambev in the third quarter valued at $26,000. Wealthstream Advisors Inc. acquired a new stake in Ambev during the 3rd quarter valued at $29,000. Exchange Traded Concepts LLC purchased a new stake in Ambev during the 4th quarter worth $30,000. Finally, Riversedge Advisors LLC purchased a new stake in Ambev during the 3rd quarter worth approximately $31,000. Hedge funds and other institutional investors own 8.13% of the company’s stock.

Ambev Trading Down 1.4 %

Ambev stock opened at $1.80 on Friday. Ambev S.A. has a 1 year low of $1.76 and a 1 year high of $2.72. The firm’s 50-day moving average is $2.02 and its 200-day moving average is $2.18. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 1.20. The company has a market cap of $28.28 billion, a P/E ratio of 9.97, a PEG ratio of 5.44 and a beta of 1.05.

Ambev Cuts Dividend

The business also recently announced an annual dividend, which was paid on Thursday, January 9th. Shareholders of record on Monday, December 23rd were paid a $0.0414 dividend. The ex-dividend date was Monday, December 23rd. This represents a yield of 1.93%. Ambev’s payout ratio is currently 38.89%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Citigroup reiterated a “neutral” rating on shares of Ambev in a research note on Wednesday. Bank of America lowered shares of Ambev from a “buy” rating to a “neutral” rating in a report on Friday, January 17th. Barclays cut their target price 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. Finally, StockNews.com began coverage on Ambev in a research note on Sunday, January 19th. They issued a “buy” rating for the company. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $2.45.

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.