HUB Investment Partners LLC Has $74,000 Position in Ambev S.A. (NYSE:ABEV)

HUB Investment Partners LLC lifted its position in shares of Ambev S.A. (NYSE:ABEV) by 74.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,204 shares of the company’s stock after buying an additional 17,188 shares during the period. HUB Investment Partners LLC’s holdings in Ambev were worth $74,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its position in shares of Ambev by 0.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 42,904,893 shares of the company’s stock worth $104,688,000 after buying an additional 226,238 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Ambev by 39.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 18,519,980 shares of the company’s stock valued at $33,892,000 after buying an additional 5,283,746 shares during the period. Private Management Group Inc. raised its stake in Ambev by 8.1% in the fourth quarter. Private Management Group Inc. now owns 14,512,234 shares of the company’s stock valued at $26,848,000 after buying an additional 1,083,882 shares during the period. RWC Asset Management LLP raised its stake in Ambev by 4.4% in the fourth quarter. RWC Asset Management LLP now owns 13,063,556 shares of the company’s stock valued at $24,168,000 after buying an additional 552,220 shares during the period. Finally, State Street Corp raised its stake in Ambev by 9.2% in the third quarter. State Street Corp now owns 10,425,374 shares of the company’s stock valued at $25,438,000 after buying an additional 878,900 shares during the period. 8.13% of the stock is owned by institutional investors and hedge funds.

Ambev Stock Up 0.2 %

Shares of NYSE:ABEV opened at $2.36 on Friday. The firm has a market cap of $37.10 billion, a P/E ratio of 13.08, a P/E/G ratio of 5.80 and a beta of 0.94. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. Ambev S.A. has a 12-month low of $1.76 and a 12-month high of $2.56. The business has a fifty day simple moving average of $1.98 and a 200 day simple moving average of $2.12.

Ambev (NYSE:ABEV) last announced its earnings results on Wednesday, February 26th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $22.42 billion. Ambev had a return on equity of 16.12% and a net margin of 17.02%. Analysts predict that Ambev S.A. will post 0.18 earnings per share for the current year.

Ambev Cuts Dividend

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Bank of America lowered Ambev from a “buy” rating to a “neutral” rating in a research note on Friday, January 17th. Citigroup reiterated a “neutral” rating on shares of Ambev in a research note on Wednesday, January 22nd. StockNews.com assumed coverage on Ambev in a research report on Monday, January 27th. They set a “buy” rating on the stock. Finally, Barclays reduced 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. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $2.45.

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.