Longfellow Investment Management Co. LLC Has $2.82 Million Stock Holdings in Ambev S.A. $ABEV

Longfellow Investment Management Co. LLC trimmed its position in shares of Ambev S.A. (NYSE:ABEV) by 13.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,142,729 shares of the company’s stock after selling 174,953 shares during the quarter. Ambev makes up 0.6% of Longfellow Investment Management Co. LLC’s holdings, making the stock its 21st biggest holding. Longfellow Investment Management Co. LLC’s holdings in Ambev were worth $2,823,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ABEV. Modern Wealth Management LLC acquired a new stake in shares of Ambev during the third quarter valued at about $25,000. Monument Capital Management acquired a new stake in shares of Ambev during the fourth quarter valued at about $25,000. First Trust Advisors LP acquired a new stake in shares of Ambev during the third quarter valued at about $25,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Ambev during the first quarter valued at about $26,000. Finally, Royal Palms Capital LLC acquired a new stake in shares of Ambev during the fourth quarter valued at about $29,000. 8.13% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Ambev

In other Ambev news, insider De Lacerda Eduardo Cavalcanti sold 152,386 shares of the business’s stock in a transaction that occurred 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 directly owned 223,340 shares of the company’s stock, valued at approximately $636,519. The trade was a 40.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ambev Price Performance

Shares of ABEV opened at $3.13 on Friday. Ambev S.A. has a 52-week low of $2.10 and a 52-week high of $3.45. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.78 and a current ratio of 1.03. The business’s 50 day moving average price is $3.10 and its two-hundred day moving average price is $2.86. The firm has a market cap of $49.26 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 1.79 and a beta of 0.64.

Ambev (NYSE:ABEV) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting 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 analyst estimates of $4.38 billion. On average, equities analysts anticipate that Ambev S.A. will post 0.21 EPS for the current year.

Ambev Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 11th. Shareholders of record on Wednesday, June 24th will be paid a $0.0092 dividend. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $0.04 annualized dividend and a yield of 1.2%. Ambev’s payout ratio is 57.89%.

Wall Street Analyst Weigh In

ABEV has been the topic of a number of recent research reports. Weiss Ratings lowered Ambev from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Barclays lifted their price objective on Ambev from $3.00 to $3.50 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Wall Street Zen raised Ambev from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, UBS Group lifted their price objective on Ambev from $2.65 to $2.90 and gave the stock a “sell” rating in a research note on Thursday, May 14th. Five analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Ambev has an average rating of “Reduce” and an average price target of $3.09.

About Ambev

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.