Pzena Investment Management LLC Has $10.07 Million Stock Position in Ambev S.A. $ABEV

Pzena Investment Management LLC lessened its holdings in shares of Ambev S.A. (NYSE:ABEV) by 56.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 4,514,704 shares of the company’s stock after selling 5,800,301 shares during the quarter. Pzena Investment Management LLC’s holdings in Ambev were worth $10,068,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC bought a new position in shares of Ambev during the 1st quarter worth approximately $26,000. Bensler LLC acquired a new stake in Ambev during the 3rd quarter valued at $27,000. EverSource Wealth Advisors LLC boosted its position in Ambev by 2,224.1% during the second quarter. EverSource Wealth Advisors LLC now owns 12,248 shares of the company’s stock worth $30,000 after purchasing an additional 11,721 shares during the period. Focus Partners Wealth acquired a new position in shares of Ambev in the first quarter valued at $33,000. Finally, Evergreen Capital Management LLC bought a new position in shares of Ambev in the third quarter valued at about $34,000. Institutional investors own 8.13% of the company’s stock.

Ambev Stock Up 0.8%

Shares of NYSE ABEV opened at $3.08 on Friday. The stock has a market capitalization of $48.45 billion, a P/E ratio of 17.08, a PEG ratio of 2.25 and a beta of 0.65. The stock’s fifty day moving average is $2.69 and its 200 day moving average is $2.44. Ambev S.A. has a 52 week low of $1.87 and a 52 week high of $3.23. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.73 and a current ratio of 0.96.

Ambev (NYSE:ABEV) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. Ambev had a net margin of 17.75% and a return on equity of 16.41%. The firm had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.28 billion. Sell-side analysts forecast that Ambev S.A. will post 0.18 earnings per share for the current fiscal year.

Ambev Dividend Announcement

The company also recently announced a special dividend, which was paid on Friday, January 9th. Investors of record on Monday, December 22nd were given a $0.049 dividend. This represents a yield of 1,465.0%. The ex-dividend date of this dividend was Monday, December 22nd. Ambev’s payout ratio is presently 183.33%.

Wall Street Analysts Forecast Growth

ABEV has been the topic of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Ambev in a research note on Monday, December 29th. Sanford C. Bernstein restated a “market perform” rating and set a $2.88 price objective on shares of Ambev in a report on Wednesday, November 26th. Finally, Barclays increased their target price on Ambev from $2.50 to $3.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Six analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Ambev has a consensus rating of “Reduce” and a consensus price target of $2.69.

Ambev Profile

Ambev (NYSE: ABEV) is a Brazilian-based beverage company that produces, distributes and markets a broad portfolio of alcoholic and non-alcoholic drinks. The company’s core business centers on brewing and selling beer, alongside a range of soft drinks, bottled water, energy drinks and other malt-based beverages. Headquartered in São Paulo, Ambev operates an integrated value chain that covers manufacturing, packaging, logistics and commercial sales to retail, on-premise and institutional customers.

The company traces its origins to the 1999 merger of two historic Brazilian breweries, and later became part of the broader global brewing group through subsequent industry consolidations.