EntryPoint Capital LLC Takes $277,000 Position in Ambev S.A. (NYSE:ABEV)

EntryPoint Capital LLC bought a new position in shares of Ambev S.A. (NYSE:ABEV) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 149,954 shares of the company’s stock, valued at approximately $277,000.

Other large investors have also recently bought and sold shares of the company. LPL Financial LLC increased its stake in Ambev by 36.8% in the fourth quarter. LPL Financial LLC now owns 808,204 shares of the company’s stock valued at $1,495,000 after purchasing an additional 217,527 shares during the last quarter. Heron Bay Capital Management boosted its holdings in shares of Ambev by 252.0% in the 4th quarter. Heron Bay Capital Management now owns 67,463 shares of the company’s stock valued at $125,000 after buying an additional 48,296 shares in the last quarter. American Century Companies Inc. grew its position in shares of Ambev by 6.4% in the 4th quarter. American Century Companies Inc. now owns 2,232,357 shares of the company’s stock valued at $4,130,000 after buying an additional 135,132 shares during the last quarter. HUB Investment Partners LLC raised its stake in Ambev by 74.7% during the 4th quarter. HUB Investment Partners LLC now owns 40,204 shares of the company’s stock worth $74,000 after acquiring an additional 17,188 shares in the last quarter. Finally, Privium Fund Management B.V. lifted its position in Ambev by 4.8% in the fourth quarter. Privium Fund Management B.V. now owns 652,357 shares of the company’s stock valued at $1,207,000 after acquiring an additional 30,043 shares during the last quarter. Hedge funds and other institutional investors own 8.13% of the company’s stock.

Ambev Stock Down 1.5 %

ABEV opened at $2.28 on Friday. The business has a 50 day moving average price of $2.03 and a two-hundred day moving average price of $2.12. Ambev S.A. has a 52 week low of $1.76 and a 52 week high of $2.56. The company has a market cap of $35.84 billion, a PE ratio of 12.64, a P/E/G 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 (NYSE:ABEV) last issued its quarterly earnings results 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). The company had revenue of $4.63 billion for the quarter, compared to analyst estimates of $22.42 billion. Ambev had a return on equity of 16.12% and a net margin of 17.02%. As a group, research analysts anticipate that Ambev S.A. will post 0.18 EPS for the current year.

Ambev Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders 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 dividend yield of 3.88%. Ambev’s dividend payout ratio (DPR) is 52.94%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ABEV shares. Barclays cut their target price on Ambev from $2.50 to $2.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Bank of America lowered Ambev from a “buy” rating to a “neutral” rating in a research report on Friday, January 17th. Citigroup reissued a “neutral” rating on shares of Ambev in a report on Wednesday, January 22nd. Finally, StockNews.com started coverage on shares of Ambev in a report on Monday, January 27th. They issued a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $2.45.

About Ambev

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.