RWC Asset Management LLP Has $26.47 Million Stake in Ambev S.A. $ABEV

RWC Asset Management LLP reduced its holdings in Ambev S.A. (NYSE:ABEV) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,715,881 shares of the company’s stock after selling 252,753 shares during the quarter. Ambev makes up approximately 1.3% of RWC Asset Management LLP’s holdings, making the stock its 21st largest holding. RWC Asset Management LLP owned about 0.07% of Ambev worth $26,468,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ABEV. Integrated Wealth Concepts LLC bought a new stake in shares of Ambev during the first quarter worth $26,000. Millennium Management LLC lifted its position in Ambev by 62.5% during the 1st quarter. Millennium Management LLC now owns 2,399,472 shares of the company’s stock worth $5,591,000 after buying an additional 922,566 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Ambev by 13.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,000,107 shares of the company’s stock valued at $11,650,000 after acquiring an additional 582,153 shares in the last quarter. Focus Partners Wealth acquired a new stake in Ambev in the 1st quarter valued at about $33,000. Finally, Acadian Asset Management LLC bought a new position in shares of Ambev in the first quarter worth about $264,000. 8.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. 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 research note 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 research report on Wednesday, May 6th. Wall Street Zen upgraded Ambev from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings cut Ambev from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $3.09.

Ambev Stock Up 0.2%

Shares of NYSE:ABEV opened at $3.13 on Monday. 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 cap of $49.26 billion, a price-to-earnings ratio of 16.45, a P/E/G ratio of 1.79 and a beta of 0.64. The company has a 50 day moving average of $3.10 and a 200-day moving average of $2.86. Ambev S.A. has a one year low of $2.10 and a one year high of $3.45.

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. Ambev had a net margin of 17.69% and a return on equity of 16.63%. The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.38 billion. On average, sell-side analysts forecast that Ambev S.A. will post 0.21 earnings per share for the current year.

Ambev Dividend Announcement

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

Insider Buying and Selling

In other Ambev news, insider De Lacerda Eduardo Cavalcanti sold 152,386 shares of the stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $2.85, for a total value of $434,300.10. Following the transaction, the insider owned 223,340 shares of the company’s stock, valued at approximately $636,519. This represents a 40.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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.