Cibc World Market Inc. Has $12.85 Million Position in Ambev S.A. $ABEV

Cibc World Market Inc. lifted its holdings in Ambev S.A. (NYSE:ABEV) by 5.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,761,447 shares of the company’s stock after acquiring an additional 276,341 shares during the period. Cibc World Market Inc.’s holdings in Ambev were worth $12,848,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ABEV. Jones Financial Companies Lllp boosted its holdings in shares of Ambev by 4.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 111,999 shares of the company’s stock worth $258,000 after buying an additional 5,091 shares in the last quarter. Burford Brothers Inc. lifted its position in shares of Ambev by 1.0% during the 3rd quarter. Burford Brothers Inc. now owns 539,111 shares of the company’s stock valued at $1,202,000 after acquiring an additional 5,177 shares during the period. Motco lifted its position in shares of Ambev by 2.2% during the 3rd quarter. Motco now owns 258,328 shares of the company’s stock valued at $576,000 after acquiring an additional 5,620 shares during the period. Unison Advisors LLC boosted its stake in Ambev by 2.2% during the second quarter. Unison Advisors LLC now owns 304,963 shares of the company’s stock worth $742,000 after acquiring an additional 6,500 shares in the last quarter. Finally, Park Avenue Securities LLC grew its holdings in Ambev by 14.4% in the third quarter. Park Avenue Securities LLC now owns 52,248 shares of the company’s stock worth $117,000 after purchasing an additional 6,573 shares during the period. 8.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ABEV has been the topic of a number of research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Ambev in a research report on Monday, December 29th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $2.88 price target on shares of Ambev in a research note on Wednesday, November 26th. Six equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $2.53.

Ambev Price Performance

ABEV stock opened at $3.21 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.86 and a current ratio of 1.15. The business has a 50-day simple moving average of $2.63 and a two-hundred day simple moving average of $2.41. The company has a market capitalization of $50.50 billion, a P/E ratio of 17.81, a price-to-earnings-growth ratio of 3.22 and a beta of 0.65. Ambev S.A. has a 52-week low of $1.84 and a 52-week high of $3.23.

Ambev (NYSE:ABEV) last posted its earnings results on Thursday, February 12th. The company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. The company had revenue of $4.50 billion for the quarter. Ambev had a return on equity of 15.81% and a net margin of 17.90%. Research analysts expect that Ambev S.A. will post 0.18 EPS for the current fiscal year.

Ambev Dividend Announcement

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

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.