Jeppson Wealth Management LLC Decreases Stock Position in Ambev S.A. (NYSE:ABEV)

Jeppson Wealth Management LLC decreased its position in shares of Ambev S.A. (NYSE:ABEV) by 31.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,500 shares of the company’s stock after selling 25,600 shares during the period. Jeppson Wealth Management LLC’s holdings in Ambev were worth $103,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ABEV. Massachusetts Financial Services Co. MA boosted its stake in Ambev by 0.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 42,904,893 shares of the company’s stock valued at $104,688,000 after buying an additional 226,238 shares during the last quarter. Seafarer Capital Partners LLC boosted its position in shares of Ambev by 6.3% during the 3rd quarter. Seafarer Capital Partners LLC now owns 30,069,000 shares of the company’s stock valued at $73,368,000 after acquiring an additional 1,770,000 shares during the last quarter. Brandes Investment Partners LP grew its holdings 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 purchasing an additional 2,982,621 shares in the last quarter. Private Management Group Inc. increased its position in Ambev by 43.8% in the third quarter. Private Management Group Inc. now owns 13,428,352 shares of the company’s stock worth $32,765,000 after purchasing an additional 4,087,442 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake 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 valued at $32,296,000 after purchasing an additional 3,322,952 shares in the last quarter. 8.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

ABEV has been the topic of a number of research reports. StockNews.com started coverage on shares of Ambev in a report on Monday. They issued a “buy” rating on the stock. Citigroup reissued a “neutral” rating on shares of Ambev in a research note on Wednesday, January 22nd. Barclays lowered their price objective on Ambev from $2.50 to $2.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Finally, Bank of America downgraded Ambev from a “buy” rating to a “neutral” rating in a research report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $2.45.

Ambev Stock Up 2.5 %

Shares of NYSE ABEV opened at $1.84 on Tuesday. Ambev S.A. has a 1 year low of $1.76 and a 1 year high of $2.72. The firm has a 50-day simple moving average of $2.01 and a two-hundred day simple moving average of $2.18. The company has a market cap of $28.91 billion, a P/E ratio of 10.19, a PEG ratio of 5.44 and a beta of 1.05. 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 Cuts Dividend

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

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.