Ted Buchan & Co Invests $85,000 in Ambev S.A. (NYSE:ABEV)

Ted Buchan & Co purchased a new position in Ambev S.A. (NYSE:ABEV) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 36,300 shares of the company’s stock, valued at approximately $85,000.

A number of other hedge funds have also modified their holdings of ABEV. GAMMA Investing LLC increased its stake in shares of Ambev by 468.4% in the first quarter. GAMMA Investing LLC now owns 10,998 shares of the company’s stock worth $26,000 after acquiring an additional 9,063 shares during the last quarter. Perigon Wealth Management LLC acquired a new position in shares of Ambev in the first quarter worth $27,000. Generation Capital Management LLC acquired a new position in shares of Ambev in the fourth quarter worth $28,000. U.S. Capital Wealth Advisors LLC acquired a new position in shares of Ambev in the first quarter worth $28,000. Finally, M&T Bank Corp acquired a new position in shares of Ambev in the first quarter worth $30,000. 8.13% of the stock is owned by institutional investors and hedge funds.

Ambev Trading Down 1.3%

Shares of NYSE:ABEV opened at $2.21 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.80 and a current ratio of 1.11. The stock’s 50-day moving average is $2.37 and its 200-day moving average is $2.29. Ambev S.A. has a 52-week low of $1.76 and a 52-week high of $2.63. The company has a market cap of $34.82 billion, a P/E ratio of 13.81, a P/E/G ratio of 2.44 and a beta of 0.74.

Ambev (NYSE:ABEV) last released its earnings results on Thursday, July 31st. The company reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03. Ambev had a net margin of 16.18% and a return on equity of 15.39%. The business had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $21.84 billion. Equities research analysts predict that Ambev S.A. will post 0.18 earnings per share for the current year.

Ambev Increases Dividend

The business also recently announced a — dividend, which will be paid on Tuesday, October 14th. Investors of record on Monday, August 11th will be paid a $0.023 dividend. The ex-dividend date is Monday, August 11th. This is a boost from Ambev’s previous — dividend of $0.02. This represents a dividend yield of 660.0%. Ambev’s dividend payout ratio is 31.25%.

Analyst Upgrades and Downgrades

Several research firms have commented on ABEV. UBS Group increased their target price on shares of Ambev from $2.60 to $2.70 and gave the stock a “neutral” rating in a research report on Wednesday, June 4th. Barclays increased their target price on shares of Ambev from $2.00 to $2.50 and gave the stock an “equal weight” rating in a research report on Monday, May 12th. HSBC reissued a “hold” rating on shares of Ambev in a research report on Friday, August 1st. Hsbc Global Res raised shares of Ambev to a “hold” rating in a research report on Friday, August 1st. Finally, Wall Street Zen initiated coverage on Ambev in a research report on Wednesday, April 23rd. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $2.60.

Ambev Profile

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe, Hoegaarden, Balboa ICE, Balboa, Atlas Golden Light, Atlas, Bucanero, Cristal, Mayabe, Presidente, Presidente Light, Brahma Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Bud 66, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith’s, and Kokanee brands.