Kapitalo Investimentos Ltda Grows Position in Ambev S.A. $ABEV

Kapitalo Investimentos Ltda boosted its position in shares of Ambev S.A. (NYSE:ABEV) by 216.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,784,142 shares of the company’s stock after acquiring an additional 1,220,006 shares during the quarter. Ambev comprises 0.7% of Kapitalo Investimentos Ltda’s holdings, making the stock its 25th biggest position. Kapitalo Investimentos Ltda’s holdings in Ambev were worth $3,979,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Integrated Wealth Concepts LLC acquired a new position in shares of Ambev in the 1st quarter valued at $26,000. Bensler LLC purchased a new position in Ambev during the 3rd quarter worth $27,000. EverSource Wealth Advisors LLC increased its stake in Ambev by 2,224.1% in the second quarter. EverSource Wealth Advisors LLC now owns 12,248 shares of the company’s stock valued at $30,000 after purchasing an additional 11,721 shares during the period. Signaturefd LLC raised its holdings in shares of Ambev by 63.2% in the second quarter. Signaturefd LLC now owns 12,712 shares of the company’s stock valued at $31,000 after buying an additional 4,924 shares during the last quarter. Finally, Focus Partners Wealth acquired a new stake in shares of Ambev during the first quarter worth about $33,000. 8.13% of the stock is owned by institutional investors and hedge funds.

Ambev Price Performance

Shares of NYSE:ABEV opened at $2.84 on Thursday. Ambev S.A. has a 52 week low of $1.80 and a 52 week high of $2.87. The company has a 50-day moving average price of $2.54 and a 200 day moving average price of $2.37. The company has a market cap of $44.67 billion, a P/E ratio of 15.75, a PEG ratio of 2.99 and a beta of 0.67. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.02.

Ambev (NYSE:ABEV) last released its earnings results on Thursday, October 30th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.04. The company had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $3.97 billion. Ambev had a return on equity of 15.81% and a net margin of 17.90%. Research analysts predict that Ambev S.A. will post 0.18 earnings per share for the current year.

Ambev Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Friday, January 9th. Investors of record on Monday, December 22nd were issued a dividend of $0.049 per share. This represents a yield of 1,465.0%. The ex-dividend date of this dividend was Monday, December 22nd. Ambev’s dividend payout ratio is currently 183.33%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Ambev in a research report on Monday, December 29th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $2.88 target price on shares of Ambev in a research note on Wednesday, November 26th. Seven investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Ambev presently has a consensus rating of “Reduce” and an average price target of $2.53.

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.