Ambev S.A. $ABEV Shares Bought by Kapitalo Investimentos Ltda

Kapitalo Investimentos Ltda grew its holdings in Ambev S.A. (NYSE:ABEV) by 216.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,784,142 shares of the company’s stock after acquiring an additional 1,220,006 shares during the period. Ambev comprises approximately 0.7% of Kapitalo Investimentos Ltda’s portfolio, making the stock its 25th largest position. Kapitalo Investimentos Ltda’s holdings in Ambev were worth $3,979,000 as of its most recent SEC filing.

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

Ambev Stock Performance

Shares of Ambev stock opened at $2.84 on Thursday. 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 S.A. has a 52 week low of $1.80 and a 52 week high of $2.87. The firm’s 50 day moving average is $2.54 and its two-hundred day moving average is $2.37. The firm has a market capitalization of $44.67 billion, a P/E ratio of 15.75, a P/E/G ratio of 2.99 and a beta of 0.67.

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

Ambev Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have commented on ABEV shares. Sanford C. Bernstein reiterated a “market perform” rating and set a $2.88 price target on shares of Ambev in a report on Wednesday, November 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ambev in a research report on Monday, December 29th. Seven 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, the stock has an average rating of “Reduce” and an average target price of $2.53.

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.