Ambev S.A. $ABEV Stake Lifted by Burford Brothers Inc.

Burford Brothers Inc. grew its position in shares of Ambev S.A. (NYSE:ABEV) by 577.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 533,934 shares of the company’s stock after acquiring an additional 455,129 shares during the quarter. Burford Brothers Inc.’s holdings in Ambev were worth $1,287,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. State of Wyoming lifted its position in Ambev by 11.3% in the 1st quarter. State of Wyoming now owns 39,606 shares of the company’s stock valued at $92,000 after purchasing an additional 4,030 shares during the last quarter. Signaturefd LLC increased its position in Ambev by 63.2% in the 2nd quarter. Signaturefd LLC now owns 12,712 shares of the company’s stock valued at $31,000 after acquiring an additional 4,924 shares during the period. Jeppson Wealth Management LLC raised its stake in Ambev by 7.5% during the 2nd quarter. Jeppson Wealth Management LLC now owns 75,205 shares of the company’s stock valued at $181,000 after acquiring an additional 5,250 shares in the last quarter. Tranquilli Financial Advisor LLC raised its stake in Ambev by 37.3% during the 1st quarter. Tranquilli Financial Advisor LLC now owns 20,943 shares of the company’s stock valued at $49,000 after acquiring an additional 5,685 shares in the last quarter. Finally, Renasant Bank boosted its position in Ambev by 32.9% during the 1st quarter. Renasant Bank now owns 24,690 shares of the company’s stock worth $58,000 after acquiring an additional 6,114 shares during the period. Institutional investors own 8.13% of the company’s stock.

Ambev Price Performance

ABEV opened at $2.26 on Friday. The stock has a fifty day moving average price of $2.23 and a 200 day moving average price of $2.34. The company has a current ratio of 1.11, a quick ratio of 0.80 and a debt-to-equity ratio of 0.02. Ambev S.A. has a 1 year low of $1.76 and a 1 year high of $2.63. The stock has a market cap of $35.61 billion, a price-to-earnings ratio of 14.13, a PEG ratio of 2.26 and a beta of 0.85.

Ambev (NYSE:ABEV) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.03 EPS for the quarter, hitting analysts’ consensus estimates of $0.03. The firm 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%. Analysts forecast 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 was paid on Tuesday, October 14th. Shareholders of record on Monday, August 11th were issued a dividend of $0.023 per share. This represents a yield of 660.0%. This is a boost from Ambev’s previous — dividend of $0.02. The ex-dividend date was Monday, August 11th. Ambev’s dividend payout ratio is 25.00%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ABEV. Zacks Research upgraded shares of Ambev from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ambev in a research note on Wednesday, October 8th. HSBC reaffirmed a “hold” rating on shares of Ambev in a report on Friday, August 1st. UBS Group reduced their target price on Ambev from $2.50 to $2.20 and set a “neutral” rating for the company in a report on Wednesday, August 20th. Finally, Hsbc Global Res raised shares of Ambev to a “hold” rating in a research report 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. According to data from MarketBeat, Ambev has a consensus rating of “Reduce” and an average target price of $2.35.

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.