Pzena Investment Management LLC Has $10.07 Million Stock Holdings in Ambev S.A. $ABEV

Pzena Investment Management LLC decreased its position in Ambev S.A. (NYSE:ABEV) by 56.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,514,704 shares of the company’s stock after selling 5,800,301 shares during the period. Pzena Investment Management LLC’s holdings in Ambev were worth $10,068,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Integrated Wealth Concepts LLC acquired a new position in Ambev in the first quarter valued at about $26,000. Bensler LLC acquired a new position in shares of Ambev in the 3rd quarter valued at approximately $27,000. EverSource Wealth Advisors LLC grew its position in shares of Ambev by 2,224.1% in the 2nd 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. Focus Partners Wealth bought a new stake in Ambev during the 1st quarter worth approximately $33,000. Finally, Evergreen Capital Management LLC acquired a new stake in Ambev during the 3rd quarter worth approximately $34,000. Institutional investors and hedge funds own 8.13% of the company’s stock.

Ambev Trading Up 0.8%

Ambev stock opened at $3.08 on Friday. The firm has a 50-day moving average of $2.69 and a 200-day moving average of $2.44. Ambev S.A. has a one year low of $1.87 and a one year high of $3.23. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.96 and a quick ratio of 0.73. The company has a market cap of $48.45 billion, a price-to-earnings ratio of 17.08, a P/E/G ratio of 2.25 and a beta of 0.65.

Ambev (NYSE:ABEV) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. The firm had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.28 billion. Ambev had a return on equity of 16.41% and a net margin of 17.75%. On average, equities analysts expect that Ambev S.A. will post 0.18 earnings per share for the current fiscal year.

Ambev Announces Dividend

The company also recently declared a special dividend, which was paid on Friday, January 9th. Shareholders of record on Monday, December 22nd were given 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 183.33%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Barclays increased their price objective on shares of Ambev from $2.50 to $3.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Ambev in a report on Monday, December 29th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $2.88 price target on shares of Ambev in a research note on Wednesday, November 26th. Six research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $2.69.

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.