Ambev S.A. $ABEV Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC raised its holdings in shares of Ambev S.A. (NYSE:ABEV) by 7.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,488,702 shares of the company’s stock after buying an additional 174,599 shares during the period. Hsbc Holdings PLC’s holdings in Ambev were worth $6,147,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. S Harris Financial Group LLC acquired a new stake in shares of Ambev during the 4th quarter valued at $28,000. Caitong International Asset Management Co. Ltd raised its position in shares of Ambev by 341.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 32,758 shares of the company’s stock worth $81,000 after purchasing an additional 25,335 shares during the period. DGS Capital Management LLC lifted its holdings in shares of Ambev by 8.4% during the fourth quarter. DGS Capital Management LLC now owns 107,834 shares of the company’s stock valued at $266,000 after purchasing an additional 8,342 shares during the last quarter. Virtu Financial LLC boosted its position in shares of Ambev by 234.8% in the 4th quarter. Virtu Financial LLC now owns 702,098 shares of the company’s stock valued at $1,734,000 after purchasing an additional 492,389 shares during the period. Finally, TMB Capital Partners LLC purchased a new position in Ambev in the 4th quarter worth about $73,000. Institutional investors and hedge funds own 8.13% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on ABEV. Wall Street Zen lowered shares of Ambev from a “buy” rating to a “hold” rating in a research note on Saturday. Barclays upped their price target on shares of Ambev from $3.00 to $3.50 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Weiss Ratings cut shares of Ambev from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Finally, UBS Group boosted their target price on shares of Ambev from $2.65 to $2.90 and gave the company a “sell” rating in a research note on Thursday, May 14th. Five analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $3.09.

Insider Activity

In other news, insider Paulo Andre Zagman sold 136,250 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $3.41, for a total transaction of $464,612.50. Following the transaction, the insider directly owned 230,535 shares in the company, valued at $786,124.35. The trade was a 37.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Ambev Price Performance

Shares of ABEV opened at $3.23 on Friday. The business’s 50-day moving average is $3.15 and its 200-day moving average is $2.92. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.03 and a quick ratio of 0.78. The company has a market capitalization of $50.83 billion, a price-to-earnings ratio of 16.97, a P/E/G ratio of 1.80 and a beta of 0.64. 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 posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. Ambev had a net margin of 17.69% and a return on equity of 16.63%. The business had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.38 billion. Equities research analysts expect that Ambev S.A. will post 0.21 EPS for the current fiscal year.

Ambev Dividend Announcement

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 is Wednesday, June 24th. This represents a $0.04 dividend on an annualized basis and a yield of 1.1%. Ambev’s dividend payout ratio is presently 10.53%.

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.