Moran Wealth Management LLC Grows Stock Position in Ambev S.A. $ABEV

Moran Wealth Management LLC lifted its position in Ambev S.A. (NYSE:ABEV) by 29.9% during the first quarter, HoldingsChannel.com reports. The fund owned 2,933,646 shares of the company’s stock after acquiring an additional 674,705 shares during the period. Moran Wealth Management LLC’s holdings in Ambev were worth $8,566,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ABEV. Modern Wealth Management LLC acquired a new position in Ambev in the 3rd quarter valued at $25,000. Monument Capital Management purchased a new position in Ambev in the 4th quarter valued at $25,000. First Trust Advisors LP acquired a new stake in Ambev during the 3rd quarter worth $25,000. Integrated Wealth Concepts LLC acquired a new stake in Ambev during the 1st quarter worth $26,000. Finally, IHT Wealth Management LLC purchased a new stake in shares of Ambev during the fourth quarter worth $27,000. 8.13% of the stock is currently owned by hedge funds and other institutional investors.

Ambev Price Performance

NYSE:ABEV opened at $3.10 on Friday. Ambev S.A. has a 52 week low of $2.10 and a 52 week high of $3.45. The company has a quick ratio of 0.78, a current ratio of 1.03 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $48.94 billion, a P/E ratio of 16.34, a P/E/G ratio of 1.78 and a beta of 0.64. The stock’s fifty day moving average is $3.16 and its two-hundred day moving average is $2.95.

Ambev (NYSE:ABEV) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.38 billion. Ambev had a return on equity of 16.63% and a net margin of 17.69%. Equities analysts expect that Ambev S.A. will post 0.21 EPS for the current year.

Ambev Announces Dividend

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

Analyst Ratings Changes

ABEV has been the subject of a number of recent research reports. Weiss Ratings cut shares of Ambev from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Wall Street Zen raised shares of Ambev from a “hold” rating to a “buy” rating in a research note on Sunday. UBS Group increased their price objective on shares of Ambev from $2.65 to $2.90 and gave the company a “sell” rating in a report on Thursday, May 14th. Finally, Barclays raised their target price 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. Five analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $3.09.

Insider Buying and Selling

In other Ambev news, insider Paulo Andre Zagman sold 136,250 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $3.41, for a total transaction of $464,612.50. Following the completion of the transaction, the insider owned 230,535 shares of the company’s stock, valued at $786,124.35. This trade represents a 37.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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.