Ambev S.A. $ABEV Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC grew its position in shares of Ambev S.A. (NYSE:ABEV) by 9.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,729,192 shares of the company’s stock after acquiring an additional 240,490 shares during the quarter. Hsbc Holdings PLC’s holdings in Ambev were worth $7,969,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ABEV. Integrated Wealth Concepts LLC acquired a new position in Ambev during the first quarter valued at approximately $26,000. Millennium Management LLC lifted its holdings in shares of Ambev by 62.5% during the 1st quarter. Millennium Management LLC now owns 2,399,472 shares of the company’s stock valued at $5,591,000 after acquiring an additional 922,566 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Ambev by 13.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,000,107 shares of the company’s stock valued at $11,650,000 after purchasing an additional 582,153 shares in the last quarter. Focus Partners Wealth purchased a new position in Ambev in the first quarter valued at about $33,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Ambev during the first quarter worth about $264,000. 8.13% of the stock is currently owned by hedge funds and other institutional investors.

Ambev Stock Performance

Shares of ABEV opened at $3.15 on Thursday. The business’s 50 day moving average is $3.14 and its two-hundred day moving average is $3.01. Ambev S.A. has a 52-week low of $2.10 and a 52-week high of $3.45. The firm has a market cap of $49.73 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 1.82 and a beta of 0.64. The company has a quick ratio of 0.78, a current ratio of 1.03 and a debt-to-equity ratio of 0.02.

Ambev (NYSE:ABEV) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. The business had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.38 billion. Ambev had a net margin of 17.69% and a return on equity of 16.63%. Analysts forecast that Ambev S.A. will post 0.2 EPS for the current fiscal year.

Ambev Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 11th. Stockholders of record on Wednesday, June 24th will be given a $0.0092 dividend. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $0.04 annualized dividend and a dividend yield of 1.2%. Ambev’s payout ratio is presently 10.53%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Barclays increased their target price on Ambev from $3.00 to $3.50 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Scotiabank downgraded shares of Ambev from a “sector outperform” rating to a “sector perform” rating in a research report on Wednesday, July 15th. Weiss Ratings lowered shares of Ambev from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Wall Street Zen downgraded shares of Ambev from a “buy” rating to a “hold” rating in a research note on Monday, July 13th. Finally, UBS Group raised their price target on shares of Ambev from $2.65 to $2.90 and gave the company a “sell” rating in a report on Thursday, May 14th. Six research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $3.09.

Insider Activity

In other news, insider Paulo Andre Zagman sold 136,250 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $3.41, for a total transaction of $464,612.50. Following the transaction, the insider owned 230,535 shares of the company’s stock, valued at approximately $786,124.35. This trade represents a 37.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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.