RWC Asset Management LLP Sells 252,753 Shares of Ambev S.A. $ABEV

RWC Asset Management LLP trimmed its holdings in Ambev S.A. (NYSE:ABEV) by 2.3% in the fourth quarter, Holdings Channel reports. The fund owned 10,715,881 shares of the company’s stock after selling 252,753 shares during the period. Ambev accounts for about 1.3% of RWC Asset Management LLP’s portfolio, making the stock its 21st biggest position. RWC Asset Management LLP’s holdings in Ambev were worth $26,468,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Perigon Wealth Management LLC grew its position in shares of Ambev by 34.3% in the 4th quarter. Perigon Wealth Management LLC now owns 15,411 shares of the company’s stock valued at $38,000 after purchasing an additional 3,936 shares during the period. Blair William & Co. IL lifted its stake in Ambev by 3.4% in the third quarter. Blair William & Co. IL now owns 140,579 shares of the company’s stock valued at $313,000 after buying an additional 4,557 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Ambev by 2.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 240,887 shares of the company’s stock valued at $595,000 after buying an additional 4,700 shares during the period. West Family Investments Inc. increased its position in shares of Ambev by 10.4% during the third quarter. West Family Investments Inc. now owns 51,819 shares of the company’s stock worth $116,000 after acquiring an additional 4,891 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of Ambev by 4.8% during the third quarter. Jones Financial Companies Lllp now owns 111,999 shares of the company’s stock worth $258,000 after acquiring an additional 5,091 shares in the last quarter. 8.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Wall Street Zen raised shares of Ambev from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Barclays boosted their price target on Ambev from $3.00 to $3.50 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Weiss Ratings downgraded Ambev from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Finally, UBS Group lifted their target price on Ambev from $2.65 to $2.90 and gave the company a “sell” rating in a research report on Thursday, May 14th. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $3.09.

Insider Buying and Selling at Ambev

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

Ambev Trading Up 0.2%

Shares of NYSE:ABEV opened at $3.13 on Monday. The company’s 50-day moving average price is $3.10 and its two-hundred day moving average price is $2.86. Ambev S.A. has a one year low of $2.10 and a one year high of $3.45. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.03 and a quick ratio of 0.78. The stock has a market capitalization of $49.26 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 1.79 and a beta of 0.64.

Ambev (NYSE:ABEV) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. The company had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.38 billion. Ambev had a return on equity of 16.63% and a net margin of 17.69%. On average, equities analysts forecast that Ambev S.A. will post 0.21 EPS for the current fiscal year.

Ambev Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 11th. Shareholders of record on Wednesday, June 24th will be given a dividend of $0.0092 per share. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $0.04 annualized dividend and a dividend yield of 1.2%. Ambev’s payout ratio is 10.53%.

About Ambev

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.