290,000 Shares in Ambev S.A. (NYSE:ABEV) Bought by Sava Infond d.o.o.

Sava Infond d.o.o. bought a new stake in Ambev S.A. (NYSE:ABEV) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 290,000 shares of the company’s stock, valued at approximately $536,000.

Several other large investors have also recently bought and sold shares of the company. MCIA Inc bought a new stake in shares of Ambev in the third quarter worth $25,000. Insight Inv LLC acquired a new position in Ambev during the 4th quarter worth about $25,000. Naviter Wealth LLC bought a new stake in shares of Ambev in the 4th quarter valued at about $29,000. Exchange Traded Concepts LLC acquired a new stake in shares of Ambev in the fourth quarter valued at about $30,000. Finally, Angeles Wealth Management LLC bought a new position in shares of Ambev during the fourth quarter worth about $36,000. 8.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ABEV has been the topic of several analyst reports. Barclays reduced their target price on Ambev from $2.50 to $2.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Citigroup reiterated a “neutral” rating on shares of Ambev in a research report on Wednesday, January 22nd. StockNews.com initiated coverage on shares of Ambev in a report on Monday, January 27th. They issued a “buy” rating on the stock. Finally, Bank of America downgraded Ambev from a “buy” rating to a “neutral” rating in a report on Friday, January 17th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Ambev has an average rating of “Hold” and a consensus price target of $2.45.

Ambev Stock Performance

Shares of ABEV stock opened at $2.31 on Friday. The firm has a 50 day moving average of $2.02 and a 200-day moving average of $2.13. The company has a market cap of $36.31 billion, a price-to-earnings ratio of 12.81, a price-to-earnings-growth ratio of 5.80 and a beta of 0.94. 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 52 week low of $1.76 and a 52 week high of $2.56.

Ambev (NYSE:ABEV) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Ambev had a net margin of 17.02% and a return on equity of 16.12%. The company had revenue of $4.63 billion for the quarter, compared to analyst estimates of $22.42 billion. On average, equities analysts forecast that Ambev S.A. will post 0.18 earnings per share for the current year.

Ambev Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.0221 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.09 dividend on an annualized basis and a yield of 3.83%. Ambev’s dividend payout ratio (DPR) is presently 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.