Aspiriant LLC Boosts Stake in Ambev S.A. (NYSE:ABEV)

Aspiriant LLC raised its holdings in shares of Ambev S.A. (NYSE:ABEV) by 34.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,635 shares of the company’s stock after buying an additional 8,547 shares during the period. Aspiriant LLC’s holdings in Ambev were worth $62,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Massachusetts Financial Services Co. MA boosted its holdings in Ambev by 0.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 42,904,893 shares of the company’s stock valued at $104,688,000 after acquiring an additional 226,238 shares during the period. Seafarer Capital Partners LLC grew its holdings in shares of Ambev by 6.3% in the third quarter. Seafarer Capital Partners LLC now owns 30,069,000 shares of the company’s stock worth $73,368,000 after purchasing an additional 1,770,000 shares during the last quarter. Brandes Investment Partners LP increased its stake in Ambev by 23.9% in the 2nd quarter. Brandes Investment Partners LP now owns 15,456,266 shares of the company’s stock worth $32,024,000 after buying an additional 2,982,621 shares during the period. Kiltearn Partners LLP lifted its holdings in Ambev by 43.3% during the 2nd quarter. Kiltearn Partners LLP now owns 14,575,900 shares of the company’s stock valued at $29,881,000 after buying an additional 4,407,800 shares in the last quarter. Finally, Private Management Group Inc. boosted its position in Ambev by 43.8% in the 3rd quarter. Private Management Group Inc. now owns 13,428,352 shares of the company’s stock valued at $32,765,000 after buying an additional 4,087,442 shares during the period. Institutional investors own 8.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of Ambev in a research note on Sunday. They set a “buy” rating for the company. Barclays dropped their price target on Ambev from $2.50 to $2.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Finally, Bank of America lowered Ambev from a “buy” rating to a “neutral” rating in a research note on Friday, January 17th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $2.45.

Ambev Stock Performance

Shares of ABEV stock opened at $1.83 on Wednesday. The firm has a market cap of $28.75 billion, a price-to-earnings ratio of 10.14, a PEG ratio of 5.23 and a beta of 1.05. 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 company’s 50 day moving average is $2.04 and its 200 day moving average is $2.19.

Ambev Cuts Dividend

The business also recently declared an annual dividend, which was paid on Thursday, January 9th. Stockholders of record on Monday, December 23rd were given a $0.0414 dividend. This represents a dividend yield of 1.93%. The ex-dividend date was Monday, December 23rd. Ambev’s payout ratio is 33.33%.

Ambev 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.