Riverbridge Partners LLC Sells 11,136 Shares of Ambev S.A. (NYSE:ABEV)

Riverbridge Partners LLC lowered its position in shares of Ambev S.A. (NYSE:ABEV) by 30.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,815 shares of the company’s stock after selling 11,136 shares during the quarter. Riverbridge Partners LLC’s holdings in Ambev were worth $48,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ABEV. Massachusetts Financial Services Co. MA raised its stake in Ambev by 0.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 42,904,893 shares of the company’s stock worth $104,688,000 after purchasing an additional 226,238 shares in the last quarter. Seafarer Capital Partners LLC raised its position in shares of Ambev by 6.3% in the third quarter. Seafarer Capital Partners LLC now owns 30,069,000 shares of the company’s stock valued at $73,368,000 after buying an additional 1,770,000 shares in the last quarter. Brandes Investment Partners LP raised its position in shares of Ambev by 23.9% in the second quarter. Brandes Investment Partners LP now owns 15,456,266 shares of the company’s stock valued at $32,024,000 after buying an additional 2,982,621 shares in the last quarter. Private Management Group Inc. boosted its stake in shares of Ambev by 43.8% in the third quarter. Private Management Group Inc. now owns 13,428,352 shares of the company’s stock valued at $32,765,000 after buying an additional 4,087,442 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in Ambev by 33.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 13,236,234 shares of the company’s stock worth $32,296,000 after buying an additional 3,322,952 shares in the last quarter. Institutional investors own 8.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Citigroup reiterated a “neutral” rating on shares of Ambev in a research report on Wednesday. Bank of America cut shares of Ambev from a “buy” rating to a “neutral” rating in a research report on Friday, January 17th. Barclays decreased their target price on shares of Ambev from $2.50 to $2.00 and set an “equal weight” rating on the stock in a report on Tuesday. Finally, StockNews.com started coverage on shares of Ambev in a report on Sunday, January 19th. They set a “buy” rating for the company. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $2.45.

Ambev Stock Performance

NYSE:ABEV opened at $1.83 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $28.75 billion, a PE ratio of 10.14, a price-to-earnings-growth ratio of 5.50 and a beta of 1.05. Ambev S.A. has a twelve month low of $1.76 and a twelve month high of $2.72. The stock’s 50-day simple moving average is $2.02 and its 200 day simple moving average is $2.18.

Ambev Cuts Dividend

The business also recently declared an annual dividend, which was paid on Thursday, January 9th. Investors of record on Monday, December 23rd were issued a dividend of $0.0414 per share. This represents a dividend yield of 1.93%. The ex-dividend date of this dividend was Monday, December 23rd. Ambev’s dividend payout ratio (DPR) is presently 38.89%.

Ambev Company 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.