Arrowstreet Capital Limited Partnership Has $35.15 Million Position in Ambev S.A. (NYSE:ABEV)

Arrowstreet Capital Limited Partnership boosted its position in shares of Ambev S.A. (NYSE:ABEV) by 1,641.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,001,985 shares of the company’s stock after buying an additional 17,911,122 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.12% of Ambev worth $35,154,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. GQG Partners LLC lifted its stake in shares of Ambev by 51.9% during the fourth quarter. GQG Partners LLC now owns 196,676,003 shares of the company’s stock valued at $363,851,000 after acquiring an additional 67,180,274 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Ambev by 39.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 18,519,980 shares of the company’s stock valued at $33,892,000 after purchasing an additional 5,283,746 shares during the period. Private Management Group Inc. boosted its stake in shares of Ambev by 8.1% in the 4th quarter. Private Management Group Inc. now owns 14,512,234 shares of the company’s stock valued at $26,848,000 after purchasing an additional 1,083,882 shares during the last quarter. RWC Asset Management LLP grew its position in shares of Ambev by 4.4% during the 4th quarter. RWC Asset Management LLP now owns 13,063,556 shares of the company’s stock worth $24,168,000 after buying an additional 552,220 shares during the period. Finally, Kiltearn Partners LLP raised its stake in shares of Ambev by 4.7% during the fourth quarter. Kiltearn Partners LLP now owns 12,758,300 shares of the company’s stock worth $23,603,000 after buying an additional 577,800 shares during the last quarter. 8.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Barclays lowered their target price on shares of Ambev from $2.50 to $2.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Bank of America downgraded Ambev from a “buy” rating to a “neutral” rating in a report on Friday, January 17th. Citigroup reissued a “neutral” rating on shares of Ambev in a research note on Wednesday, January 22nd. Finally, StockNews.com started coverage on Ambev in a research note on Monday, January 27th. They issued a “buy” rating for the company. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Ambev currently has a consensus rating of “Hold” and a consensus target price of $2.45.

Ambev Price Performance

Shares of ABEV stock opened at $2.36 on Thursday. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. Ambev S.A. has a 12-month low of $1.76 and a 12-month high of $2.56. The firm has a fifty day moving average of $2.06 and a 200-day moving average of $2.12. The firm has a market capitalization of $37.18 billion, a price-to-earnings ratio of 13.11, a price-to-earnings-growth ratio of 5.80 and a beta of 0.68.

Ambev (NYSE:ABEV) last posted its 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 business had revenue of $4.63 billion during the quarter, compared to analyst estimates of $22.42 billion. Ambev had a net margin of 17.02% and a return on equity of 16.12%. On average, equities research 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 issued a dividend of $0.0221 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.09 annualized dividend and a yield of 3.74%. Ambev’s dividend payout ratio (DPR) is currently 52.94%.

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.