Zevin Asset Management LLC Takes $206,000 Position in Ambev S.A. (NYSE:ABEV)

Zevin Asset Management LLC purchased a new stake in Ambev S.A. (NYSE:ABEV) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 111,501 shares of the company’s stock, valued at approximately $206,000.

Several other hedge funds also recently made changes to their positions in ABEV. Atria Investments Inc grew its position in shares of Ambev by 84.3% in the third quarter. Atria Investments Inc now owns 214,565 shares of the company’s stock valued at $524,000 after purchasing an additional 98,162 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in Ambev by 62.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 55,400 shares of the company’s stock valued at $135,000 after buying an additional 21,300 shares during the period. Prime Capital Investment Advisors LLC boosted its stake in Ambev by 37.9% during the third quarter. Prime Capital Investment Advisors LLC now owns 17,685 shares of the company’s stock valued at $43,000 after buying an additional 4,861 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in Ambev by 32.0% during the third quarter. Oppenheimer Asset Management Inc. now owns 1,067,893 shares of the company’s stock valued at $2,606,000 after buying an additional 258,875 shares during the period. Finally, OneDigital Investment Advisors LLC boosted its stake in Ambev by 45.1% during the third quarter. OneDigital Investment Advisors LLC now owns 19,227 shares of the company’s stock valued at $47,000 after buying an additional 5,979 shares during the period. 8.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ABEV. Barclays dropped their price objective on Ambev from $2.50 to $2.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. StockNews.com started coverage on Ambev in a research note on Monday, January 27th. They set a “buy” rating for the company. Bank of America lowered Ambev from a “buy” rating to a “neutral” rating in a research note on Friday, January 17th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Ambev in a research note on Wednesday, January 22nd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Ambev has an average rating of “Hold” and a consensus price target of $2.45.

Ambev Trading Up 2.9 %

Shares of ABEV stock opened at $2.31 on Friday. The firm has a market cap of $36.31 billion, a P/E ratio of 12.81, a price-to-earnings-growth ratio of 5.80 and a beta of 0.94. The business has a 50-day moving average price of $1.93 and a two-hundred day moving average price of $2.12. 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.

Ambev (NYSE:ABEV) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $22.42 billion. Ambev had a return on equity of 16.12% and a net margin of 17.02%. Equities analysts anticipate that Ambev S.A. will post 0.18 EPS for the current fiscal year.

Ambev Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Tuesday, March 18th will be issued a $0.0221 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.09 annualized dividend and a dividend yield of 3.83%. Ambev’s dividend payout ratio is currently 52.94%.

Ambev Company 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.