Ambev S.A. (NYSE:ABEV) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC reduced its position in shares of Ambev S.A. (NYSE:ABEV) by 6.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 117,930 shares of the company’s stock after selling 8,339 shares during the period. Sanctuary Advisors LLC’s holdings in Ambev were worth $219,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ABEV. MCIA Inc purchased a new stake in Ambev during the third quarter worth approximately $25,000. Insight Inv LLC purchased a new stake in shares of Ambev during the 4th quarter worth approximately $25,000. Wealthstream Advisors Inc. acquired a new position in shares of Ambev in the 3rd quarter valued at $29,000. Exchange Traded Concepts LLC acquired a new position in shares of Ambev in the 4th quarter valued at $30,000. Finally, Private Advisor Group LLC purchased a new position in shares of Ambev in the 3rd quarter valued at $34,000. Institutional investors and hedge funds own 8.13% of the company’s stock.

Ambev Trading Up 5.0 %

Shares of Ambev stock opened at $2.20 on Thursday. 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 capitalization of $34.58 billion, a P/E ratio of 12.19, a PEG ratio of 5.80 and a beta of 0.94. Ambev S.A. has a 1 year low of $1.76 and a 1 year high of $2.58. The company’s fifty day moving average is $1.87 and its two-hundred day moving average is $2.13.

Ambev (NYSE:ABEV) last released its quarterly earnings results 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 company 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%. Analysts forecast that Ambev S.A. will post 0.18 earnings per share for the current year.

Ambev Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Tuesday, March 18th will be paid a $0.0221 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.09 annualized dividend and a dividend yield of 4.02%. Ambev’s dividend payout ratio (DPR) is currently 52.94%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ABEV. StockNews.com began coverage on shares of Ambev in a research report on Monday, January 27th. They issued a “buy” rating for the company. Citigroup reissued a “neutral” rating on shares of Ambev in a report on Wednesday, January 22nd. Bank of America downgraded Ambev from a “buy” rating to a “neutral” rating in a research note on Friday, January 17th. Finally, Barclays cut their price target on Ambev from $2.50 to $2.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price 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.