Savvy Advisors Inc. Buys 11,438 Shares of Ambev S.A. (NYSE:ABEV)

Savvy Advisors Inc. raised its stake in Ambev S.A. (NYSE:ABEV) by 52.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,061 shares of the company’s stock after purchasing an additional 11,438 shares during the period. Savvy Advisors Inc.’s holdings in Ambev were worth $61,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC grew its stake in shares of Ambev by 35.5% in the 3rd quarter. FMR LLC now owns 78,604 shares of the company’s stock valued at $192,000 after buying an additional 20,599 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Ambev by 34.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 382,600 shares of the company’s stock worth $934,000 after acquiring an additional 97,150 shares in the last quarter. HighTower Advisors LLC grew its stake in Ambev by 18.3% in the third quarter. HighTower Advisors LLC now owns 54,013 shares of the company’s stock valued at $129,000 after acquiring an additional 8,350 shares during the period. Stifel Financial Corp increased its holdings in shares of Ambev by 298.1% during the third quarter. Stifel Financial Corp now owns 802,016 shares of the company’s stock valued at $1,957,000 after acquiring an additional 600,545 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Ambev by 9.2% during the third quarter. State Street Corp now owns 10,425,374 shares of the company’s stock valued at $25,438,000 after acquiring an additional 878,900 shares in the last quarter. Institutional investors and hedge funds own 8.13% of the company’s stock.

Ambev Stock Performance

Shares of ABEV stock opened at $2.28 on Wednesday. The firm’s 50 day moving average is $2.16 and its 200 day moving average is $2.12. The stock has a market capitalization of $35.84 billion, a P/E ratio of 12.64, a PEG ratio of 5.80 and a beta of 0.68. Ambev S.A. has a 12 month low of $1.76 and a 12 month high of $2.56. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.02.

Ambev (NYSE:ABEV) last posted its earnings results on Wednesday, February 26th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $22.42 billion. Ambev had a return on equity of 16.12% and a net margin of 17.02%. On average, sell-side analysts anticipate that Ambev S.A. will post 0.18 earnings per share for the current year.

Ambev Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Tuesday, March 18th were given a dividend of $0.0221 per share. This represents a $0.09 annualized dividend and a dividend yield of 3.88%. The ex-dividend date of this dividend was Tuesday, March 18th. Ambev’s dividend payout ratio is presently 52.94%.

Analyst Ratings Changes

Several research firms recently issued reports on ABEV. StockNews.com initiated coverage on shares of Ambev in a research report on Tuesday. They issued a “buy” rating for the company. Bank of America cut shares of Ambev from a “buy” rating to a “neutral” rating in a report on Friday, January 17th. Barclays dropped their price target on shares of Ambev from $2.50 to $2.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Citigroup reissued a “neutral” rating on shares of Ambev in a report on Wednesday, January 22nd. Finally, Morgan Stanley lowered Ambev from an “equal weight” rating to an “underweight” rating in a report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently 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.