Avalon Investment & Advisory lowered its holdings in Ambev S.A. (NYSE:ABEV – Get Rating) by 3.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,846,955 shares of the company's stock after selling 71,269 shares during the quarter. Avalon Investment & Advisory's holdings in Ambev were worth $5,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently modified their holdings of ABEV. Raymond James & Associates grew its holdings in shares of Ambev by 37.0% in the first quarter. Raymond James & Associates now owns 1,039,250 shares of the company's stock worth $3,357,000 after acquiring an additional 280,753 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Ambev by 7.5% in the first quarter. Bank of New York Mellon Corp now owns 3,788,023 shares of the company's stock worth $12,235,000 after acquiring an additional 264,696 shares during the period. American Century Companies Inc. grew its holdings in shares of Ambev by 38.7% in the first quarter. American Century Companies Inc. now owns 503,973 shares of the company's stock worth $1,628,000 after acquiring an additional 140,617 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in Ambev by 35.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 35,172 shares of the company's stock valued at $114,000 after purchasing an additional 9,168 shares during the period. Finally, HighTower Advisors LLC grew its holdings in Ambev by 3.9% during the first quarter. HighTower Advisors LLC now owns 131,259 shares of the company's stock valued at $424,000 after purchasing an additional 4,984 shares during the period. Institutional investors own 8.75% of the company's stock.
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Ambev Stock Performance
NYSE ABEV opened at $2.71 on Friday. The firm has a market cap of $42.65 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 1.86 and a beta of 1.04. The company has a quick ratio of 0.83, a current ratio of 1.19 and a debt-to-equity ratio of 0.02. The business has a 50-day moving average price of $2.86 and a 200-day moving average price of $2.85. Ambev S.A. has a twelve month low of $2.42 and a twelve month high of $3.32.
Ambev (NYSE:ABEV – Get Rating) last released its quarterly earnings data on Thursday, October 27th. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.01. The firm had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.87 billion. Ambev had a return on equity of 15.69% and a net margin of 16.58%. As a group, equities research analysts predict that Ambev S.A. will post 0.16 EPS for the current fiscal year.
Ambev Announces Dividend
The company also recently announced an annual dividend, which was paid on Monday, January 9th. Investors of record on Wednesday, December 21st were given a $0.1457 dividend. The ex-dividend date of this dividend was Tuesday, December 20th. This represents a dividend yield of 3.8%. Ambev's dividend payout ratio is currently 75.00%.
Analysts Set New Price Targets
Several research firms have issued reports on ABEV. TheStreet raised Ambev from a "c+" rating to a "b" rating in a report on Friday, December 9th. StockNews.com began coverage on Ambev in a report on Thursday. They set a "buy" rating for the company. Finally, UBS Group raised Ambev from a "sell" rating to a "buy" rating in a report on Thursday. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Ambev has a consensus rating of "Buy".
About Ambev
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Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt, and food products. The company operates through four segments: Brazil; Central America and the Caribbean; Latin America South; and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Brahva Gold, Extra, Bud Light, Beck, Leffe and Hoegaarden, Bucanero, Cristal, Mayabe, Cacique, Presidente, Brahma Light, Presidente Light, Presidente Golden Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, and Budweiser, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith's, and Kokanee brands.
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