Ambev S.A. (NYSE:ABEV) Shares Acquired by Two Sigma Advisers LP

Two Sigma Advisers LP increased its holdings in shares of Ambev S.A. (NYSE:ABEV) by 329.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,354,000 shares of the company’s stock after acquiring an additional 12,546,800 shares during the period. Two Sigma Advisers LP’s holdings in Ambev were worth $30,255,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Insight Inv LLC acquired a new stake in Ambev in the 4th quarter worth about $25,000. Generation Capital Management LLC acquired a new stake in shares of Ambev in the fourth quarter worth approximately $28,000. Naviter Wealth LLC purchased a new stake in shares of Ambev during the fourth quarter worth approximately $29,000. Exchange Traded Concepts LLC purchased a new stake in shares of Ambev during the fourth quarter worth approximately $30,000. Finally, NewEdge Advisors LLC raised its stake in Ambev by 51.4% in the 4th quarter. NewEdge Advisors LLC now owns 17,084 shares of the company’s stock valued at $32,000 after purchasing an additional 5,798 shares during the last quarter. 8.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ABEV shares. UBS Group cut shares of Ambev from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 22nd. Morgan Stanley downgraded shares of Ambev from an “equal weight” rating to an “underweight” rating in a research note on Monday, April 7th. Barclays boosted their price target on shares of Ambev from $2.00 to $2.50 and gave the stock an “equal weight” rating in a research report on Monday, May 12th. Citigroup reiterated a “neutral” rating on shares of Ambev in a research report on Wednesday, January 22nd. Finally, StockNews.com initiated coverage on Ambev in a report on Wednesday, April 23rd. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $2.70.

Ambev Price Performance

Shares of ABEV stock opened at $2.53 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 0.89. The firm’s 50-day moving average is $2.39 and its two-hundred day moving average is $2.15. Ambev S.A. has a 12 month low of $1.76 and a 12 month high of $2.64. The company has a market capitalization of $39.87 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 5.80 and a beta of 0.80.

Ambev (NYSE:ABEV) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. Ambev had a net margin of 17.02% and a return on equity of 16.12%. The business had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $22.40 billion. Analysts predict that Ambev S.A. will post 0.18 earnings per share for the current year.

Ambev Cuts Dividend

The firm also recently announced a — dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, May 19th will be given a $0.0219 dividend. The ex-dividend date is Monday, May 19th. This represents a yield of 5%. Ambev’s dividend payout ratio is currently 68.75%.

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.