EntryPoint Capital LLC Raises Stock Holdings in Ambev S.A. $ABEV

EntryPoint Capital LLC increased its stake in shares of Ambev S.A. (NYSE:ABEV) by 17.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 175,977 shares of the company’s stock after purchasing an additional 26,023 shares during the quarter. EntryPoint Capital LLC’s holdings in Ambev were worth $410,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Qtron Investments LLC purchased a new stake in Ambev in the first quarter valued at about $545,000. Northern Trust Corp raised its stake in Ambev by 17.8% in the first quarter. Northern Trust Corp now owns 7,757,412 shares of the company’s stock valued at $18,075,000 after buying an additional 1,170,397 shares during the last quarter. Raymond James Financial Inc. raised its stake in Ambev by 9.3% in the first quarter. Raymond James Financial Inc. now owns 2,080,838 shares of the company’s stock valued at $4,848,000 after buying an additional 176,683 shares during the last quarter. American Century Companies Inc. raised its stake in Ambev by 10.0% in the first quarter. American Century Companies Inc. now owns 2,455,125 shares of the company’s stock valued at $5,720,000 after buying an additional 222,768 shares during the last quarter. Finally, Ethic Inc. raised its stake in Ambev by 1,059.5% in the first quarter. Ethic Inc. now owns 598,982 shares of the company’s stock valued at $1,402,000 after buying an additional 547,323 shares during the last quarter. 8.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on ABEV. UBS Group decreased their price target on Ambev from $2.50 to $2.20 and set a “neutral” rating for the company in a research note on Wednesday. Barclays increased their price target on Ambev from $2.00 to $2.50 and gave the company an “equal weight” rating in a research note on Monday, May 12th. HSBC reiterated a “hold” rating on shares of Ambev in a research note on Friday, August 1st. Hsbc Global Res upgraded Ambev to a “hold” rating in a research note on Friday, August 1st. Finally, Wall Street Zen began coverage on Ambev in a research note on Wednesday, April 23rd. They issued a “buy” rating for the company. Six research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $2.35.

Ambev Stock Up 0.7%

Ambev stock opened at $2.1850 on Thursday. The firm has a market cap of $34.43 billion, a price-to-earnings ratio of 13.66, a price-to-earnings-growth ratio of 2.37 and a beta of 0.74. Ambev S.A. has a 52 week low of $1.76 and a 52 week high of $2.63. The business’s 50-day moving average price is $2.34 and its 200 day moving average price is $2.30. The company has a quick ratio of 0.80, a current ratio of 1.11 and a debt-to-equity ratio of 0.02.

Ambev (NYSE:ABEV) last posted its earnings results on Thursday, July 31st. The company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. The firm had revenue of $3.59 billion for the quarter, compared to analyst estimates of $21.84 billion. Ambev had a return on equity of 15.39% and a net margin of 16.18%. As a group, sell-side analysts anticipate that Ambev S.A. will post 0.18 earnings per share for the current year.

Ambev Increases Dividend

The business also recently announced a — dividend, which will be paid on Tuesday, October 14th. Investors of record on Monday, August 11th will be issued a dividend of $0.023 per share. This represents a yield of 660.0%. This is a positive change from Ambev’s previous — dividend of $0.02. The ex-dividend date of this dividend is Monday, August 11th. Ambev’s dividend payout ratio is 31.25%.

About Ambev

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.