Ambev S.A. $ABEV Shares Sold by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC cut its holdings in shares of Ambev S.A. (NYSE:ABEV) by 1.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 3,156,817 shares of the company’s stock after selling 37,446 shares during the quarter. Ambev makes up approximately 1.2% of Euro Pacific Asset Management LLC’s portfolio, making the stock its 28th biggest holding. Euro Pacific Asset Management LLC’s holdings in Ambev were worth $7,620,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Northern Trust Corp lifted its stake in Ambev by 17.8% during the first quarter. Northern Trust Corp now owns 7,757,412 shares of the company’s stock worth $18,075,000 after purchasing an additional 1,170,397 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in Ambev in the first quarter worth about $925,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of Ambev by 14.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 339,069 shares of the company’s stock valued at $790,000 after acquiring an additional 42,722 shares during the period. American Century Companies Inc. raised its stake in shares of Ambev by 10.0% in the 1st quarter. American Century Companies Inc. now owns 2,455,125 shares of the company’s stock worth $5,720,000 after buying an additional 222,768 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Ambev by 98.6% in the 1st quarter. Invesco Ltd. now owns 3,803,683 shares of the company’s stock valued at $8,863,000 after acquiring an additional 1,887,987 shares during the last quarter. Institutional investors and hedge funds own 8.13% of the company’s stock.

Ambev Price Performance

Ambev stock opened at $2.18 on Monday. Ambev S.A. has a 52 week low of $1.76 and a 52 week high of $2.63. The firm has a market cap of $34.27 billion, a P/E ratio of 13.59, a P/E/G ratio of 2.25 and a beta of 0.85. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.80 and a current ratio of 1.11. The business’s fifty day moving average is $2.24 and its two-hundred day moving average is $2.35.

Ambev (NYSE:ABEV) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. The business had revenue of $3.59 billion during the quarter, compared to analyst estimates of $21.84 billion. Ambev had a net margin of 16.18% and a return on equity of 15.39%. Equities research analysts forecast that Ambev S.A. will post 0.18 earnings per share for the current fiscal year.

Ambev Increases Dividend

The firm also recently declared a — dividend, which will be paid on Tuesday, October 14th. Investors of record on Monday, August 11th will be paid a dividend of $0.023 per share. This represents a dividend yield of 660.0%. This is a positive change from Ambev’s previous — dividend of $0.02. The ex-dividend date of this dividend is Monday, August 11th. Ambev’s payout ratio is presently 31.25%.

Analyst Ratings Changes

ABEV has been the topic of several recent analyst reports. Zacks Research upgraded Ambev from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 30th. UBS Group cut their price target on shares of Ambev from $2.50 to $2.20 and set a “neutral” rating on the stock in a report on Wednesday, August 20th. HSBC restated a “hold” rating on shares of Ambev in a research note on Friday, August 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ambev in a research report on Saturday, September 27th. Finally, Hsbc Global Res upgraded Ambev to a “hold” rating in a research note on Friday, August 1st. Eight equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $2.35.

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.