Ambev (NYSE:ABEV) Issues Earnings Results

Ambev (NYSE:ABEV) released its earnings results on Wednesday. The company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04, FiscalAI reports. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $4.05 billion. Ambev had a return on equity of 16.63% and a net margin of 17.69%.

Ambev Price Performance

Shares of ABEV stock traded down $0.01 during mid-day trading on Thursday, reaching $3.10. The company’s stock had a trading volume of 59,900,799 shares, compared to its average volume of 25,733,643. The firm’s 50-day moving average is $3.14 and its two-hundred day moving average is $3.03. The company has a market cap of $48.78 billion, a P/E ratio of 16.29, a PEG ratio of 1.83 and a beta of 0.64. Ambev has a 1-year low of $2.10 and a 1-year high of $3.45. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.78 and a current ratio of 1.03.

Ambev Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 11th. Stockholders of record on Wednesday, June 24th will be paid a $0.0092 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.2%. Ambev’s dividend payout ratio is currently 10.53%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Weiss Ratings cut Ambev from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Wall Street Zen cut shares of Ambev from a “buy” rating to a “hold” rating in a research note on Monday, July 13th. UBS Group increased their price target on shares of Ambev from $2.65 to $2.90 and gave the company a “sell” rating in a report on Thursday, May 14th. Barclays boosted their price objective on shares of Ambev from $3.00 to $3.50 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Finally, Scotiabank cut shares of Ambev from a “sector outperform” rating to a “sector perform” rating in a research note on Wednesday, July 15th. Six 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 price target of $3.09.

Insiders Place Their Bets

In related news, insider Paulo Andre Zagman sold 136,250 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $3.41, for a total value of $464,612.50. Following the sale, the insider owned 230,535 shares of the company’s stock, valued at $786,124.35. The trade was a 37.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Institutional Investors Weigh In On Ambev

A number of institutional investors have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC acquired a new position in shares of Ambev in the 4th quarter worth approximately $27,000. First Trust Advisors LP bought a new stake in Ambev in the third quarter valued at $25,000. Integrated Wealth Concepts LLC bought a new stake in Ambev in the first quarter valued at $26,000. EverSource Wealth Advisors LLC raised its stake in Ambev by 2,224.1% during the second quarter. EverSource Wealth Advisors LLC now owns 12,248 shares of the company’s stock worth $30,000 after acquiring an additional 11,721 shares in the last quarter. Finally, Summit Securities Group LLC bought a new position in shares of Ambev during the fourth quarter valued at $31,000. 8.13% of the stock is owned by institutional investors and hedge funds.

Ambev Company 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.