Envestnet Asset Management Inc. Raises Position in Ambev S.A. $ABEV

Envestnet Asset Management Inc. lifted its holdings in shares of Ambev S.A. (NYSE:ABEV) by 6.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 3,388,972 shares of the company’s stock after acquiring an additional 210,112 shares during the period. Envestnet Asset Management Inc.’s holdings in Ambev were worth $7,557,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC boosted its stake in Ambev by 118.7% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 2,659,347 shares of the company’s stock worth $5,986,000 after buying an additional 1,443,232 shares during the last quarter. Jones Financial Companies Lllp lifted 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 acquiring an additional 5,091 shares during the period. Mutual Advisors LLC acquired a new stake in shares of Ambev in the third quarter worth approximately $45,000. Transcend Capital Advisors LLC boosted its position in shares of Ambev by 82.2% in the third quarter. Transcend Capital Advisors LLC now owns 63,028 shares of the company’s stock worth $141,000 after acquiring an additional 28,430 shares during the last quarter. Finally, Privium Fund Management B.V. grew its holdings in Ambev by 12.7% in the third quarter. Privium Fund Management B.V. now owns 897,134 shares of the company’s stock valued at $2,001,000 after purchasing an additional 101,348 shares during the period. 8.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on ABEV. 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. Wall Street Zen raised Ambev from a “hold” rating to a “buy” rating in a research report on Saturday. Barclays lifted their target price on Ambev from $2.50 to $3.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ambev in a research note on Monday, December 29th. Six investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $2.69.

Ambev Stock Down 0.2%

Shares of Ambev stock opened at $3.08 on Friday. Ambev S.A. has a twelve month low of $1.87 and a twelve month high of $3.23. The stock has a market cap of $48.45 billion, a price-to-earnings ratio of 17.08, a price-to-earnings-growth ratio of 2.27 and a beta of 0.65. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 0.03. The company has a fifty day moving average price of $2.70 and a 200 day moving average price of $2.45.

Ambev (NYSE:ABEV) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.05 EPS for the quarter, hitting analysts’ consensus estimates of $0.05. Ambev had a return on equity of 16.41% and a net margin of 17.75%.The company had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.28 billion. Equities research analysts forecast that Ambev S.A. will post 0.18 earnings per share for the current fiscal year.

Ambev Dividend Announcement

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

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.