Ambev (NYSE:ABEV) Insider Prado Carla Smith De Va Crippa Sells 60,757 Shares of Stock

Ambev S.A. (NYSE:ABEV) insider Prado Carla Smith De Va Crippa sold 60,757 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $3.09, for a total value of $187,739.13. Following the transaction, the insider directly owned 80,707 shares in the company, valued at $249,384.63. This trade represents a 42.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Ambev Price Performance

Shares of Ambev stock opened at $3.19 on Friday. The business has a 50 day moving average of $2.96 and a 200 day moving average of $3.05. Ambev S.A. has a 52 week low of $2.10 and a 52 week high of $3.45. The company has a market cap of $50.20 billion, a PE ratio of 15.92, a P/E/G ratio of 2.02 and a beta of 0.58. The company has a quick ratio of 0.76, a current ratio of 1.02 and a debt-to-equity ratio of 0.02.

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

Ambev Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 11th. Investors of record on Wednesday, September 23rd will be paid a dividend of $0.0092 per share. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $0.04 annualized dividend and a yield of 1.2%. Ambev’s payout ratio is presently 15.00%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ABEV. Weiss Ratings reiterated a “hold (c+)” rating on shares of Ambev in a research note on Monday, August 3rd. Scotiabank cut shares of Ambev from a “sector outperform” rating to a “sector perform” rating in a report on Wednesday, July 15th. UBS Group set a $2.85 target price on shares of Ambev in a research note on Tuesday, August 11th. Wall Street Zen cut shares of Ambev from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Finally, Bank of America reissued an “underperform” rating and set a $3.30 price target on shares of Ambev in a research report on Wednesday. Four research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Ambev currently has a consensus rating of “Reduce” and an average target price of $3.13.

Hedge Funds Weigh In On Ambev

A number of institutional investors and hedge funds have recently made changes to their positions in ABEV. First Eagle Investment Management LLC increased 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 worth $1,096,875,000 after buying an additional 2,338,660 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Ambev by 6.5% in the first quarter. Renaissance Technologies LLC now owns 27,354,300 shares of the company’s stock worth $79,875,000 after acquiring an additional 1,674,900 shares during the period. Brandes Investment Partners LP grew its position in shares of Ambev by 4.0% during the fourth quarter. Brandes Investment Partners LP now owns 22,600,124 shares of the company’s stock worth $55,822,000 after purchasing an additional 874,657 shares in the last quarter. Great Lakes Advisors LLC grew its position in shares of Ambev by 0.7% during the fourth quarter. Great Lakes Advisors LLC now owns 9,414,370 shares of the company’s stock worth $23,253,000 after purchasing an additional 67,402 shares in the last quarter. Finally, DJE Kapital AG purchased a new stake in shares of Ambev during the first quarter worth about $14,778,000. Hedge funds and other institutional investors own 8.13% of the company’s stock.

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, nonalcoholic beverages and other drink products through a portfolio that includes brands such as Brahma, Skol, Antarctica, Bohemia, Budweiser, Stella Artois and Guaraná Antarctica.

Founded in 1999 through the merger of Companhia Antarctica Paulista and Companhia Cervejaria Brahma, Ambev became part of Anheuser-Busch InBev following the latter’s combination with Anheuser-Busch in 2008.