Euro Pacific Asset Management LLC Decreases Holdings in Ambev S.A. $ABEV

Euro Pacific Asset Management LLC decreased its position in Ambev S.A. (NYSE:ABEV) by 23.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 2,330,703 shares of the company’s stock after selling 713,759 shares during the quarter. Euro Pacific Asset Management LLC’s holdings in Ambev were worth $6,806,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of ABEV. Monument Capital Management bought a new position in Ambev during the fourth quarter valued at approximately $25,000. First Trust Advisors LP bought a new stake in shares of Ambev in the 3rd quarter worth approximately $25,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Ambev in the 1st quarter valued at $26,000. IHT Wealth Management LLC purchased a new stake in shares of Ambev in the 4th quarter valued at $27,000. Finally, S Harris Financial Group LLC bought a new position in shares of Ambev during the 4th quarter valued at $28,000. Hedge funds and other institutional investors own 8.13% of the company’s stock.

Insider Transactions at Ambev

In related news, insider Paulo Andre Zagman sold 136,250 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $3.41, for a total transaction of $464,612.50. Following the transaction, the insider owned 230,535 shares in the company, valued at $786,124.35. The trade was a 37.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ABEV. Scotiabank downgraded shares of Ambev from a “sector outperform” rating to a “sector perform” rating in a research note on Wednesday. Barclays lifted their price objective on Ambev from $3.00 to $3.50 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Weiss Ratings lowered Ambev from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Wall Street Zen cut Ambev from a “buy” rating to a “hold” rating in a report on Monday, July 13th. Finally, UBS Group raised their price target on Ambev from $2.65 to $2.90 and gave the stock a “sell” rating in a research report on Thursday, May 14th. Six investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $3.09.

Ambev Trading Down 0.5%

Shares of ABEV opened at $3.04 on Friday. The stock has a market capitalization of $47.84 billion, a P/E ratio of 15.97, a PEG ratio of 1.78 and a beta of 0.64. The company has a quick ratio of 0.78, a current ratio of 1.03 and a debt-to-equity ratio of 0.02. The firm has a fifty day simple moving average of $3.15 and a two-hundred day simple moving average of $2.99. Ambev S.A. has a twelve month low of $2.10 and a twelve month high of $3.45.

Ambev (NYSE:ABEV) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. Ambev had a net margin of 17.69% and a return on equity of 16.63%. The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.38 billion. On average, research analysts anticipate that Ambev S.A. will post 0.2 EPS for the current year.

Ambev Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 11th. Investors of record on Wednesday, June 24th will be paid a $0.0092 dividend. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $0.04 annualized dividend and a dividend yield of 1.2%. Ambev’s dividend payout ratio (DPR) is presently 10.53%.

Ambev Profile

Ambev (NYSE: ABEV) is a Brazilian-based beverage company that produces, distributes and markets a broad portfolio of alcoholic and non-alcoholic drinks. The company’s core business centers on brewing and selling beer, alongside a range of soft drinks, bottled water, energy drinks and other malt-based beverages. Headquartered in São Paulo, Ambev operates an integrated value chain that covers manufacturing, packaging, logistics and commercial sales to retail, on-premise and institutional customers.

The company traces its origins to the 1999 merger of two historic Brazilian breweries, and later became part of the broader global brewing group through subsequent industry consolidations.