Kapitalo Investimentos Ltda Decreases Stake in Ambev S.A. $ABEV

Kapitalo Investimentos Ltda reduced its position in Ambev S.A. (NYSE:ABEV) by 63.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 647,014 shares of the company’s stock after selling 1,137,128 shares during the period. Kapitalo Investimentos Ltda’s holdings in Ambev were worth $1,598,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of ABEV. Integrated Wealth Concepts LLC bought a new position in shares of Ambev during the first quarter worth about $26,000. Millennium Management LLC lifted its position in shares of Ambev by 62.5% during the first quarter. Millennium Management LLC now owns 2,399,472 shares of the company’s stock worth $5,591,000 after purchasing an additional 922,566 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Ambev by 13.2% during the first quarter. Goldman Sachs Group Inc. now owns 5,000,107 shares of the company’s stock worth $11,650,000 after purchasing an additional 582,153 shares during the last quarter. Focus Partners Wealth bought a new position in shares of Ambev during the first quarter worth about $33,000. Finally, Acadian Asset Management LLC bought a new position in shares of Ambev during the first quarter worth about $264,000. Institutional investors own 8.13% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on ABEV. UBS Group set a $2.65 price target on shares of Ambev and gave the stock a “sell” rating in a research report on Thursday, April 16th. Barclays increased their price target on shares of Ambev from $2.50 to $3.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 17th. Weiss Ratings raised shares of Ambev from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, March 5th. Finally, Wall Street Zen cut shares of Ambev from a “buy” rating to a “hold” rating in a research report on Monday, March 30th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $2.84.

Ambev Stock Performance

Shares of NYSE ABEV opened at $3.09 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 0.03. The firm’s 50-day moving average price is $3.00 and its two-hundred day moving average price is $2.67. Ambev S.A. has a 52-week low of $2.10 and a 52-week high of $3.24. The stock has a market capitalization of $48.62 billion, a P/E ratio of 17.14, a P/E/G ratio of 2.20 and a beta of 0.65.

Ambev (NYSE:ABEV) last issued its earnings results on Friday, February 13th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. Ambev had a net margin of 17.75% and a return on equity of 16.41%. The firm had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.28 billion. As a group, sell-side analysts forecast that Ambev S.A. will post 0.19 earnings per share for the current year.

Insider Transactions at Ambev

In other Ambev news, insider De Lacerda Eduardo Cavalcanti sold 152,386 shares of the firm’s stock in a transaction dated Friday, March 27th. The shares were sold at an average price of $2.85, for a total value of $434,300.10. Following the transaction, the insider owned 223,340 shares of the company’s stock, valued at $636,519. This trade represents a 40.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Ambev Profile

Ambev (NYSE: ABEV) is a Brazilian-based beverage company that produces, distributes and markets a broad portfolio of alcoholic and non-alcoholic drinks. The company’s core business centers on brewing and selling beer, alongside a range of soft drinks, bottled water, energy drinks and other malt-based beverages. Headquartered in São Paulo, Ambev operates an integrated value chain that covers manufacturing, packaging, logistics and commercial sales to retail, on-premise and institutional customers.

The company traces its origins to the 1999 merger of two historic Brazilian breweries, and later became part of the broader global brewing group through subsequent industry consolidations.