WINTON GROUP Ltd Takes $770,000 Position in Ambev S.A. $ABEV

WINTON GROUP Ltd bought a new position in shares of Ambev S.A. (NYSE:ABEV) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 245,100 shares of the company’s stock, valued at approximately $770,000.

Several other hedge funds have also added to or reduced their stakes in ABEV. First Eagle Investment Management LLC boosted its stake in Ambev by 0.7% in the 2nd quarter. First Eagle Investment Management LLC now owns 349,323,217 shares of the company’s stock valued at $1,096,875,000 after purchasing an additional 2,338,660 shares during the period. Renaissance Technologies LLC grew its holdings in Ambev by 6.5% in the 1st quarter. Renaissance Technologies LLC now owns 27,354,300 shares of the company’s stock valued at $79,875,000 after buying an additional 1,674,900 shares in the last quarter. Brandes Investment Partners LP increased its position in Ambev by 4.0% during the 4th quarter. Brandes Investment Partners LP now owns 22,600,124 shares of the company’s stock worth $55,822,000 after buying an additional 874,657 shares during the period. Great Lakes Advisors LLC increased its position in Ambev by 0.7% during the 4th quarter. Great Lakes Advisors LLC now owns 9,414,370 shares of the company’s stock worth $23,253,000 after buying an additional 67,402 shares during the period. Finally, DJE Kapital AG acquired a new stake in shares of Ambev during the first quarter worth $14,778,000. 8.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ABEV has been the subject of a number of recent research reports. Wall Street Zen cut shares of Ambev from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. UBS Group set a $2.85 price target on shares of Ambev in a research report on Tuesday, August 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Ambev in a research note on Monday, August 3rd. Finally, Scotiabank downgraded shares of Ambev from a “sector outperform” rating to a “sector perform” rating in a report on Wednesday, July 15th. Five analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $3.08.

Ambev Trading Up 0.8%

Shares of NYSE:ABEV opened at $3.04 on Tuesday. The business’s 50 day simple moving average is $2.99 and its 200 day simple moving average is $3.04. Ambev S.A. has a 1 year low of $2.10 and a 1 year high of $3.45. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.02 and a quick ratio of 0.76. The company has a market capitalization of $47.99 billion, a P/E ratio of 15.22, a P/E/G ratio of 2.20 and a beta of 0.64.

Ambev (NYSE:ABEV) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. The firm had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Ambev had a return on equity of 17.48% and a net margin of 18.47%. On average, research analysts anticipate that Ambev S.A. will post 0.2 EPS for the current fiscal year.

Ambev Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 11th. Investors of record on Wednesday, September 23rd will be given a $0.0092 dividend. The ex-dividend date is Wednesday, September 23rd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.2%. Ambev’s dividend payout ratio (DPR) is presently 10.00%.

Insider Buying and Selling

In related news, Director Manuel Moreira sold 468,040 shares of the business’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $3.08, for a total value of $1,441,563.20. Following the completion of the transaction, the director owned 3,000,000 shares of the company’s stock, valued at $9,240,000. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Ambev Company Profile

Ambev SA is a Brazilian beverage company and one of the largest brewers in Latin America. The company produces, distributes and sells beer, carbonated soft drinks and other nonalcoholic beverages through a portfolio of local, regional and international brands.

Its beer portfolio includes brands such as Skol, Brahma, Antarctica, Bohemia, Original, Stella Artois and Budweiser, while its nonalcoholic beverage offerings include products marketed under brands such as Guaraná Antarctica and Pepsi.