Ambev S.A. $ABEV Shares Sold by Privium Fund Management B.V.

Privium Fund Management B.V. decreased its holdings in shares of Ambev S.A. (NYSE:ABEV) by 1.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 795,786 shares of the company’s stock after selling 8,420 shares during the quarter. Ambev comprises 0.4% of Privium Fund Management B.V.’s holdings, making the stock its 23rd largest holding. Privium Fund Management B.V.’s holdings in Ambev were worth $1,926,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Abacus Wealth Partners LLC purchased a new position in shares of Ambev during the 2nd quarter worth $25,000. GAMMA Investing LLC raised its holdings in Ambev by 468.4% in the 1st quarter. GAMMA Investing LLC now owns 10,998 shares of the company’s stock valued at $26,000 after buying an additional 9,063 shares during the period. Integrated Wealth Concepts LLC acquired a new position in Ambev in the first quarter valued at about $26,000. Perigon Wealth Management LLC acquired a new position in Ambev in the first quarter valued at about $27,000. Finally, U.S. Capital Wealth Advisors LLC purchased a new position in Ambev during the first quarter worth about $28,000. Hedge funds and other institutional investors own 8.13% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. UBS Group reduced their price target on shares of Ambev from $2.50 to $2.20 and set a “neutral” rating on the stock in a research note on Wednesday, August 20th. Zacks Research upgraded shares of Ambev from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 30th. HSBC reissued a “hold” rating on shares of Ambev in a research report on Friday, August 1st. Weiss Ratings restated a “hold (c)” rating on shares of Ambev in a research report on Wednesday, October 8th. Finally, Hsbc Global Res upgraded Ambev to a “hold” rating in a report on Friday, August 1st. Eight investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $2.35.

Ambev Stock Performance

Shares of ABEV stock opened at $2.27 on Tuesday. The firm has a 50 day moving average of $2.23 and a two-hundred day moving average of $2.34. The stock has a market capitalization of $35.69 billion, a PE ratio of 14.16, a P/E/G ratio of 2.26 and a beta of 0.85. 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 S.A. has a 52 week low of $1.76 and a 52 week high of $2.63.

Ambev (NYSE:ABEV) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. The business had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $21.84 billion. Ambev had a return on equity of 15.39% and a net margin of 16.18%. On average, research analysts predict that Ambev S.A. will post 0.18 EPS for the current fiscal year.

Ambev Increases Dividend

The business also recently disclosed a — dividend, which was paid on Tuesday, October 14th. Stockholders of record on Monday, August 11th were given a dividend of $0.023 per share. This is a boost from Ambev’s previous — dividend of $0.02. This represents a dividend yield of 660.0%. The ex-dividend date of this dividend was Monday, August 11th. Ambev’s dividend payout ratio is presently 31.25%.

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.