Burford Brothers Inc. Acquires 455,129 Shares of Ambev S.A. $ABEV

Burford Brothers Inc. raised its stake in shares of Ambev S.A. (NYSE:ABEV) by 577.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 533,934 shares of the company’s stock after acquiring an additional 455,129 shares during the quarter. Burford Brothers Inc.’s holdings in Ambev were worth $1,287,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in ABEV. Abacus Wealth Partners LLC acquired a new position in Ambev in the 2nd quarter valued at approximately $25,000. GAMMA Investing LLC raised its stake in shares of Ambev by 468.4% in the first quarter. GAMMA Investing LLC now owns 10,998 shares of the company’s stock valued at $26,000 after purchasing an additional 9,063 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in Ambev in the first quarter worth $26,000. Perigon Wealth Management LLC acquired a new stake in Ambev during the first quarter worth $27,000. Finally, U.S. Capital Wealth Advisors LLC bought a new position in shares of Ambev during the 1st quarter worth about $28,000. Institutional investors own 8.13% of the company’s stock.

Ambev Trading Up 1.3%

ABEV opened at $2.26 on Friday. The stock has a market capitalization of $35.61 billion, a P/E ratio of 14.13, a P/E/G ratio of 2.26 and a beta of 0.85. The company has a current ratio of 1.11, a quick ratio of 0.80 and a debt-to-equity ratio of 0.02. Ambev S.A. has a 12 month low of $1.76 and a 12 month high of $2.63. The firm’s fifty day simple moving average is $2.23 and its 200 day simple moving average is $2.34.

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

Ambev Increases Dividend

The business also recently disclosed a — dividend, which was paid on Tuesday, October 14th. Stockholders of record on Monday, August 11th were issued a $0.023 dividend. This represents a dividend yield of 660.0%. The ex-dividend date was Monday, August 11th. This is a positive change from Ambev’s previous — dividend of $0.02. Ambev’s dividend payout ratio is 25.00%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. UBS Group lowered their target price on shares of Ambev from $2.50 to $2.20 and set a “neutral” rating on the stock in a research note on Wednesday, August 20th. Hsbc Global Res raised Ambev to a “hold” rating in a research note on Friday, August 1st. Zacks Research upgraded Ambev from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 30th. HSBC reaffirmed a “hold” rating on shares of Ambev in a research note on Friday, August 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ambev in a report on Wednesday, October 8th. 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.com, Ambev currently has a consensus rating of “Reduce” and a consensus price target of $2.35.

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.