Hsbc Holdings PLC Purchases 174,599 Shares of Ambev S.A. $ABEV

Hsbc Holdings PLC grew its position in Ambev S.A. (NYSE:ABEV) by 7.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,488,702 shares of the company’s stock after purchasing an additional 174,599 shares during the quarter. Hsbc Holdings PLC’s holdings in Ambev were worth $6,147,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in ABEV. Modern Wealth Management LLC bought a new stake in Ambev in the 3rd quarter valued at $25,000. Monument Capital Management bought a new position in Ambev during the 4th quarter worth $25,000. First Trust Advisors LP bought a new position in Ambev during the 3rd quarter worth $25,000. Integrated Wealth Concepts LLC bought a new position in Ambev during the 1st quarter worth $26,000. Finally, IHT Wealth Management LLC acquired a new stake in shares of Ambev during the fourth quarter worth $27,000. Institutional investors own 8.13% of the company’s stock.

Ambev Price Performance

Shares of NYSE ABEV opened at $3.02 on Thursday. The business has a fifty day moving average price of $3.16 and a two-hundred day moving average price of $2.96. The stock has a market capitalization of $47.68 billion, a PE ratio of 15.92, a P/E/G ratio of 1.72 and a beta of 0.64. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.03 and a quick ratio of 0.78. Ambev S.A. has a fifty-two week low of $2.10 and a fifty-two week high of $3.45.

Ambev (NYSE:ABEV) last released its earnings results on Wednesday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. Ambev had a return on equity of 16.63% and a net margin of 17.69%.The company had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.38 billion. As a group, equities analysts predict that Ambev S.A. will post 0.21 earnings per share for the current fiscal year.

Ambev Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 11th. Shareholders 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 yield of 1.2%. The ex-dividend date is Wednesday, June 24th. Ambev’s dividend payout ratio is presently 10.53%.

Wall Street Analysts Forecast Growth

ABEV has been the topic of several research reports. Wall Street Zen upgraded shares of Ambev from a “hold” rating to a “buy” rating in a research note on Sunday. UBS Group raised their price target on shares of Ambev from $2.65 to $2.90 and gave the stock a “sell” rating in a research report on Thursday, May 14th. Barclays lifted their price objective on shares of Ambev from $3.00 to $3.50 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings downgraded shares of Ambev from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Ambev has a consensus rating of “Reduce” and an average price target of $3.09.

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 shares were sold at an average price of $3.41, for a total value of $464,612.50. Following the transaction, the insider directly owned 230,535 shares of the company’s stock, valued at $786,124.35. This trade represents a 37.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ambev 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.