Ambev S.A. (NYSE:ABEV) Shares Acquired by First Affirmative Financial Network

First Affirmative Financial Network boosted its holdings in Ambev S.A. (NYSE:ABEV) by 89.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,355 shares of the company’s stock after purchasing an additional 21,420 shares during the period. First Affirmative Financial Network’s holdings in Ambev were worth $84,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Blue Trust Inc. grew its position in shares of Ambev by 29.3% during the fourth quarter. Blue Trust Inc. now owns 169,664 shares of the company’s stock worth $314,000 after buying an additional 38,417 shares in the last quarter. AlphaMark Advisors LLC increased its holdings in shares of Ambev by 78.6% in the 4th quarter. AlphaMark Advisors LLC now owns 46,755 shares of the company’s stock valued at $86,000 after acquiring an additional 20,575 shares during the last quarter. Insight Inv LLC bought a new stake in shares of Ambev in the 4th quarter valued at approximately $25,000. Exchange Traded Concepts LLC acquired a new stake in shares of Ambev during the 4th quarter valued at approximately $30,000. Finally, Baker Ellis Asset Management LLC bought a new position in Ambev during the fourth quarter worth $78,000. 8.13% of the stock is currently owned by hedge funds and other institutional investors.

Ambev Trading Up 1.9 %

Ambev stock opened at $1.86 on Friday. Ambev S.A. has a 52-week low of $1.76 and a 52-week high of $2.72. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $29.22 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 5.44 and a beta of 1.05. The firm has a 50-day moving average price of $1.99 and a two-hundred day moving average price of $2.17.

Ambev Cuts Dividend

The firm also recently disclosed an annual dividend, which was paid on Thursday, January 9th. Stockholders of record on Monday, December 23rd were given a dividend of $0.0414 per share. The ex-dividend date was Monday, December 23rd. This represents a dividend yield of 1.93%. Ambev’s dividend payout ratio is presently 38.89%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ABEV shares. Barclays dropped their target price on shares of Ambev from $2.50 to $2.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. StockNews.com started coverage on shares of Ambev in a research note on Monday. They set a “buy” rating on the stock. Bank of America downgraded Ambev from a “buy” rating to a “neutral” rating in a research note on Friday, January 17th. Finally, Citigroup reiterated a “neutral” rating on shares of Ambev in a research report on Wednesday, January 22nd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Ambev currently has an average rating of “Hold” and an average target price of $2.45.

Ambev Company 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.