Ambev S.A. (NYSE:ABEV) Shares Bought by Heron Bay Capital Management

Heron Bay Capital Management raised its holdings in Ambev S.A. (NYSE:ABEV) by 252.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,463 shares of the company’s stock after acquiring an additional 48,296 shares during the quarter. Heron Bay Capital Management’s holdings in Ambev were worth $125,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. American Century Companies Inc. raised its holdings in Ambev by 6.4% during the 4th quarter. American Century Companies Inc. now owns 2,232,357 shares of the company’s stock worth $4,130,000 after buying an additional 135,132 shares during the period. HUB Investment Partners LLC raised its holdings in Ambev by 74.7% during the 4th quarter. HUB Investment Partners LLC now owns 40,204 shares of the company’s stock worth $74,000 after buying an additional 17,188 shares during the period. Privium Fund Management B.V. raised its holdings in Ambev by 4.8% during the 4th quarter. Privium Fund Management B.V. now owns 652,357 shares of the company’s stock worth $1,207,000 after buying an additional 30,043 shares during the period. Foresight Global Investors Inc. raised its holdings in Ambev by 41.1% during the 4th quarter. Foresight Global Investors Inc. now owns 3,528,050 shares of the company’s stock worth $6,527,000 after buying an additional 1,028,050 shares during the period. Finally, PDS Planning Inc raised its holdings in Ambev by 18.3% during the 4th quarter. PDS Planning Inc now owns 41,244 shares of the company’s stock worth $76,000 after buying an additional 6,374 shares during the period. 8.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Citigroup restated a “neutral” rating on shares of Ambev in a report on Wednesday, January 22nd. Barclays dropped their target price on Ambev from $2.50 to $2.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Bank of America downgraded Ambev from a “buy” rating to a “neutral” rating in a report on Friday, January 17th. Finally, StockNews.com started coverage on Ambev in a report on Monday, January 27th. They issued a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $2.45.

Ambev Price Performance

Shares of ABEV opened at $2.36 on Friday. The company has a market capitalization of $37.10 billion, a price-to-earnings ratio of 13.08, a P/E/G ratio of 5.80 and a beta of 0.94. Ambev S.A. has a fifty-two week low of $1.76 and a fifty-two week high of $2.56. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 0.89. The business’s 50-day moving average is $1.98 and its 200-day moving average is $2.12.

Ambev (NYSE:ABEV) last released its quarterly earnings data 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. Equities research analysts expect that Ambev S.A. will post 0.18 EPS for the current fiscal year.

Ambev Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Tuesday, March 18th will be issued a $0.0221 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.09 dividend on an annualized basis and a yield of 3.75%. Ambev’s dividend payout ratio is currently 52.94%.

Ambev 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.