AustralianSuper Pty Ltd Takes Position in Ambev S.A. $ABEV

AustralianSuper Pty Ltd acquired a new stake in Ambev S.A. (NYSE:ABEV) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 411,744 shares of the company’s stock, valued at approximately $1,017,000.

Other large investors also recently made changes to their positions in the company. Monument Capital Management acquired a new stake in shares of Ambev in the 4th quarter valued at approximately $25,000. First Trust Advisors LP bought a new stake in Ambev in the 3rd quarter valued at $25,000. Integrated Wealth Concepts LLC bought a new stake in Ambev in the 1st quarter valued at $26,000. Modern Wealth Management LLC bought a new stake in Ambev in the 3rd quarter valued at $25,000. Finally, Bensler LLC acquired a new position in shares of Ambev in the third quarter valued at $27,000. Institutional investors and hedge funds own 8.13% of the company’s stock.

Ambev Stock Down 2.4%

ABEV stock opened at $3.08 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.03 and a quick ratio of 0.78. The stock has a market capitalization of $48.47 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 1.84 and a beta of 0.61. The business’s fifty day moving average price is $3.00 and its two-hundred day moving average price is $2.77. Ambev S.A. has a fifty-two week low of $2.10 and a fifty-two week high of $3.45.

Ambev (NYSE:ABEV) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. Ambev had a return on equity of 16.63% and a net margin of 17.69%.The firm had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.38 billion. On average, equities analysts anticipate that Ambev S.A. will post 0.2 earnings per share for the current year.

Ambev Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 11th. Investors of record on Wednesday, June 24th will be given a $0.0092 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.2%. Ambev’s dividend payout ratio (DPR) is presently 173.68%.

Insider Activity at Ambev

In related news, insider De Lacerda Eduardo Cavalcanti sold 152,386 shares of the firm’s stock in a transaction on Friday, March 27th. The stock was sold at an average price of $2.85, for a total value of $434,300.10. Following the transaction, the insider owned 223,340 shares in the company, valued at approximately $636,519. This trade represents a 40.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Analyst Ratings Changes

Several equities analysts have commented on ABEV shares. Wall Street Zen upgraded shares of Ambev from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Barclays lifted their target price on shares of Ambev from $3.00 to $3.50 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Weiss Ratings downgraded shares of Ambev from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Finally, UBS Group lifted their target price on shares of Ambev from $2.65 to $2.90 and gave the stock a “sell” rating in a report on Thursday. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $3.09.

Ambev Company 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.