Pzena Investment Management LLC Sells 3,524,497 Shares of Ambev S.A. $ABEV

Pzena Investment Management LLC decreased its holdings in Ambev S.A. (NYSE:ABEV) by 25.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,315,005 shares of the company’s stock after selling 3,524,497 shares during the period. Pzena Investment Management LLC’s holdings in Ambev were worth $24,859,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Personalized Indexing Management LLC raised its stake in Ambev by 23.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 113,292 shares of the company’s stock valued at $273,000 after buying an additional 21,791 shares during the period. Blue Trust Inc. raised its stake in Ambev by 18.5% in the second quarter. Blue Trust Inc. now owns 171,624 shares of the company’s stock valued at $414,000 after buying an additional 26,793 shares during the period. IFP Advisors Inc raised its stake in Ambev by 7.5% in the second quarter. IFP Advisors Inc now owns 118,102 shares of the company’s stock valued at $285,000 after buying an additional 8,284 shares during the period. Callan Family Office LLC raised its stake in Ambev by 152.8% in the second quarter. Callan Family Office LLC now owns 216,501 shares of the company’s stock valued at $522,000 after buying an additional 130,867 shares during the period. Finally, Mraz Amerine & Associates Inc. increased its stake in shares of Ambev by 5.3% during the second quarter. Mraz Amerine & Associates Inc. now owns 724,436 shares of the company’s stock worth $1,746,000 after purchasing an additional 36,765 shares during the period. Institutional investors own 8.13% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Ambev in a research note on Wednesday, October 8th. Hsbc Global Res upgraded Ambev to a “hold” rating in a research note on Friday, August 1st. UBS Group lowered their target price on 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 Ambev from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 30th. Finally, HSBC reiterated a “hold” rating on shares of Ambev in a research note on Friday, August 1st. Eight research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $2.35.

Ambev Trading Down 1.4%

Shares of NYSE:ABEV opened at $2.12 on Monday. The company has a market capitalization of $33.41 billion, a P/E ratio of 13.25, a P/E/G ratio of 2.12 and a beta of 0.85. Ambev S.A. has a 1 year low of $1.76 and a 1 year high of $2.63. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.11 and a quick ratio of 0.80. The business’s 50 day simple moving average is $2.23 and its 200 day simple moving average is $2.35.

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

Ambev Increases Dividend

The business also recently declared a — dividend, which will be paid on Tuesday, October 14th. Investors of record on Monday, August 11th will be given a dividend of $0.023 per share. This is an increase from Ambev’s previous — dividend of $0.02. This represents a yield of 660.0%. The ex-dividend date of this dividend is Monday, August 11th. Ambev’s dividend payout ratio (DPR) is currently 25.00%.

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.