Ambev S.A. (NYSE:ABEV) Shares Sold by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC lessened its holdings in Ambev S.A. (NYSE:ABEV) by 48.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,237 shares of the company’s stock after selling 14,348 shares during the period. Checchi Capital Advisers LLC’s holdings in Ambev were worth $28,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Prime Capital Investment Advisors LLC raised its position in Ambev by 37.9% in the third quarter. Prime Capital Investment Advisors LLC now owns 17,685 shares of the company’s stock valued at $43,000 after purchasing an additional 4,861 shares during the period. PDS Planning Inc raised its holdings in shares of Ambev by 18.4% during the 3rd quarter. PDS Planning Inc now owns 34,870 shares of the company’s stock valued at $85,000 after buying an additional 5,409 shares during the period. Endowment Wealth Management Inc. lifted its position in Ambev by 21.6% during the 3rd quarter. Endowment Wealth Management Inc. now owns 31,525 shares of the company’s stock worth $77,000 after acquiring an additional 5,592 shares in the last quarter. IFP Advisors Inc boosted its holdings in Ambev by 7.5% in the 4th quarter. IFP Advisors Inc now owns 84,868 shares of the company’s stock worth $157,000 after acquiring an additional 5,900 shares during the period. Finally, OneDigital Investment Advisors LLC grew its position in Ambev by 45.1% in the third quarter. OneDigital Investment Advisors LLC now owns 19,227 shares of the company’s stock valued at $47,000 after acquiring an additional 5,979 shares in the last quarter. Institutional investors and hedge funds own 8.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ABEV shares. Barclays reduced their target price on shares of Ambev from $2.50 to $2.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Bank of America lowered shares of Ambev from a “buy” rating to a “neutral” rating in a report on Friday, January 17th. StockNews.com assumed coverage on Ambev in a research note on Monday, January 27th. They set a “buy” rating for the company. Finally, Citigroup reiterated a “neutral” rating on shares of Ambev in a research note on Wednesday, January 22nd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Ambev presently has an average rating of “Hold” and a consensus target price of $2.45.

Ambev Trading Up 5.8 %

ABEV opened at $2.11 on Friday. The stock has a market capitalization of $33.16 billion, a PE ratio of 11.69, a P/E/G ratio of 5.80 and a beta of 1.04. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 0.89. Ambev S.A. has a 12-month low of $1.76 and a 12-month high of $2.72. The firm’s fifty day moving average price is $1.86 and its 200 day moving average price is $2.14.

Ambev (NYSE:ABEV) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Ambev had a return on equity of 16.12% and a net margin of 17.02%. The firm had revenue of $4.63 billion during the quarter, compared to analyst estimates of $22.42 billion. As a group, research analysts expect that Ambev S.A. will post 0.18 EPS for the current fiscal year.

Ambev Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, April 14th. Stockholders of record on Tuesday, March 18th will be issued a $0.0221 dividend. The ex-dividend date is Tuesday, March 18th. Ambev’s dividend payout ratio (DPR) is 38.89%.

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.