Strs Ohio Sells 404,257 Shares of Ambev S.A. $ABEV

Strs Ohio reduced its stake in Ambev S.A. (NYSE:ABEV) by 13.2% during the first quarter, according to its most recent filing with the SEC. The fund owned 2,657,043 shares of the company’s stock after selling 404,257 shares during the quarter. Strs Ohio’s holdings in Ambev were worth $7,759,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Modern Wealth Management LLC bought a new stake in Ambev in the third quarter worth about $25,000. Monument Capital Management bought a new position in shares of Ambev during the 4th quarter valued at approximately $25,000. First Trust Advisors LP purchased a new stake in shares of Ambev during the 3rd quarter worth approximately $25,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Ambev during the 1st quarter worth approximately $26,000. Finally, IHT Wealth Management LLC bought a new stake in shares of Ambev in the 4th quarter worth approximately $27,000. Institutional investors own 8.13% of the company’s stock.

Insider Transactions at Ambev

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ABEV. UBS Group increased their price objective on Ambev from $2.65 to $2.90 and gave the company a “sell” rating in a report on Thursday, May 14th. Weiss Ratings cut Ambev from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Barclays increased their price target on Ambev from $3.00 to $3.50 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen raised Ambev from a “hold” rating to a “buy” rating in a report on Sunday. Five analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Ambev has a consensus rating of “Reduce” and a consensus target price of $3.09.

Ambev Stock Up 0.2%

ABEV opened at $3.10 on Monday. Ambev S.A. has a 12 month low of $2.10 and a 12 month high of $3.45. The company has a market cap of $48.94 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 1.78 and a beta of 0.64. The company has a current ratio of 1.03, a quick ratio of 0.78 and a debt-to-equity ratio of 0.02. The company has a 50 day moving average of $3.16 and a 200 day moving average of $2.95.

Ambev (NYSE:ABEV) last issued its earnings results on Wednesday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05. The business had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.38 billion. Ambev had a net margin of 17.69% and a return on equity of 16.63%. On average, sell-side analysts expect that Ambev S.A. will post 0.21 EPS for the current year.

Ambev Dividend Announcement

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

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.