HUB Investment Partners LLC Has $74,000 Stock Holdings in Ambev S.A. (NYSE:ABEV)

HUB Investment Partners LLC increased its position in Ambev S.A. (NYSE:ABEV) by 74.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,204 shares of the company’s stock after buying an additional 17,188 shares during the period. HUB Investment Partners LLC’s holdings in Ambev were worth $74,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ABEV. CORDA Investment Management LLC. acquired a new stake in shares of Ambev in the 4th quarter valued at about $11,987,000. Allspring Global Investments Holdings LLC boosted its stake in Ambev by 39.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 18,519,980 shares of the company’s stock valued at $33,892,000 after purchasing an additional 5,283,746 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Ambev during the 4th quarter valued at about $3,523,000. Itau Unibanco Holding S.A. acquired a new position in Ambev during the 3rd quarter valued at about $3,259,000. Finally, Jane Street Group LLC boosted its stake in Ambev by 132.9% during the 3rd quarter. Jane Street Group LLC now owns 1,976,147 shares of the company’s stock valued at $4,822,000 after purchasing an additional 1,127,719 shares during the last quarter. 8.13% of the stock is currently owned by institutional investors and hedge funds.

Ambev Price Performance

Shares of NYSE ABEV opened at $2.36 on Friday. Ambev S.A. has a twelve month low of $1.76 and a twelve month high of $2.56. The stock’s 50 day moving average price is $1.98 and its 200-day moving average price is $2.12. The company has a market capitalization of $37.10 billion, a PE ratio of 13.08, a PEG 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 announced its earnings results on Wednesday, February 26th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Ambev had a return on equity of 16.12% and a net margin of 17.02%. The business had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $22.42 billion. On average, equities analysts anticipate that Ambev S.A. will post 0.18 EPS for the current year.

Ambev Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Tuesday, March 18th will be issued a $0.0221 dividend. 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 3.75%. Ambev’s dividend payout ratio (DPR) is presently 52.94%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Bank of America downgraded Ambev from a “buy” rating to a “neutral” rating in a research note on Friday, January 17th. Citigroup reiterated a “neutral” rating on shares of Ambev in a research note on Wednesday, January 22nd. Barclays cut their price target on Ambev from $2.50 to $2.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Finally, StockNews.com began coverage on Ambev in a research note on Monday, January 27th. They set a “buy” rating for the company. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $2.45.

Ambev 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.