Ambev S.A. $ABEV Shares Sold by Tidal Investments LLC

Tidal Investments LLC lessened its stake in shares of Ambev S.A. (NYSE:ABEV) by 15.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,576,554 shares of the company’s stock after selling 488,057 shares during the period. Tidal Investments LLC’s holdings in Ambev were worth $8,090,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Morgan Stanley lifted its stake in shares of Ambev by 291.2% during the fourth quarter. Morgan Stanley now owns 45,462,628 shares of the company’s stock worth $112,293,000 after buying an additional 33,842,540 shares during the period. GQG Partners LLC increased its position in shares of Ambev by 9.1% in the 4th quarter. GQG Partners LLC now owns 172,969,655 shares of the company’s stock valued at $427,235,000 after acquiring an additional 14,468,963 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Ambev by 248.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 13,135,697 shares of the company’s stock valued at $32,445,000 after acquiring an additional 9,361,815 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in Ambev by 74.8% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 13,409,316 shares of the company’s stock worth $32,624,000 after acquiring an additional 5,740,155 shares during the last quarter. Finally, DJE Kapital AG purchased a new position in Ambev in the 1st quarter worth $14,778,000. Institutional investors and hedge funds own 8.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on ABEV. Weiss Ratings reiterated a “hold (c+)” rating on shares of Ambev in a research note on Monday, August 3rd. Scotiabank cut Ambev from a “sector outperform” rating to a “sector perform” rating in a research note on Wednesday, July 15th. UBS Group set a $2.85 target price on Ambev in a report on Tuesday, August 11th. Finally, Wall Street Zen lowered Ambev from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Five equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $3.08.

Insider Buying and Selling

In related news, Director Manuel Moreira sold 468,040 shares of Ambev stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $3.08, for a total transaction of $1,441,563.20. Following the completion of the transaction, the director directly owned 3,000,000 shares in the company, valued at approximately $9,240,000. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ambev Trading Down 0.8%

NYSE ABEV opened at $3.02 on Friday. The company has a market capitalization of $47.52 billion, a PE ratio of 15.07, a P/E/G ratio of 2.20 and a beta of 0.64. The company has a fifty day moving average of $2.99 and a 200 day moving average of $3.05. Ambev S.A. has a 1 year low of $2.10 and a 1 year high of $3.45. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.02 and a quick ratio of 0.76.

Ambev (NYSE:ABEV) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. The company had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $4.05 billion. Ambev had a return on equity of 17.48% and a net margin of 18.47%. Research analysts forecast that Ambev S.A. will post 0.2 earnings per share for the current year.

Ambev Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 11th. Investors of record on Wednesday, September 23rd will be issued a dividend of $0.0092 per share. This represents a $0.04 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, September 23rd. Ambev’s dividend payout ratio (DPR) is 10.00%.

About Ambev

Ambev SA is a Brazilian beverage company and one of the largest brewers in Latin America. The company produces, distributes and sells beer, carbonated soft drinks and other nonalcoholic beverages through a portfolio of local, regional and international brands.

Its beer portfolio includes brands such as Skol, Brahma, Antarctica, Bohemia, Original, Stella Artois and Budweiser, while its nonalcoholic beverage offerings include products marketed under brands such as Guaraná Antarctica and Pepsi.