1,258,044 Shares in Ambev S.A. $ABEV Bought by Oxbow Advisors LLC

Oxbow Advisors LLC acquired a new stake in Ambev S.A. (NYSE:ABEV) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,258,044 shares of the company’s stock, valued at approximately $2,805,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Signaturefd LLC boosted its holdings in Ambev by 63.2% in the second quarter. Signaturefd LLC now owns 12,712 shares of the company’s stock valued at $31,000 after purchasing an additional 4,924 shares in the last quarter. Burford Brothers Inc. lifted its position in shares of Ambev by 1.0% during the 3rd quarter. Burford Brothers Inc. now owns 539,111 shares of the company’s stock worth $1,202,000 after buying an additional 5,177 shares during the last quarter. Motco boosted its holdings in shares of Ambev by 2.2% in the 3rd quarter. Motco now owns 258,328 shares of the company’s stock valued at $576,000 after buying an additional 5,620 shares in the last quarter. Unison Advisors LLC boosted its holdings in shares of Ambev by 2.2% in the 2nd quarter. Unison Advisors LLC now owns 304,963 shares of the company’s stock valued at $742,000 after buying an additional 6,500 shares in the last quarter. Finally, Park Avenue Securities LLC grew its position in shares of Ambev by 14.4% in the 3rd quarter. Park Avenue Securities LLC now owns 52,248 shares of the company’s stock valued at $117,000 after buying an additional 6,573 shares during the last quarter. Institutional investors and hedge funds own 8.13% of the company’s stock.

Ambev Stock Performance

Shares of NYSE:ABEV traded up $0.05 during trading on Friday, reaching $2.79. The company had a trading volume of 25,888,794 shares, compared to its average volume of 20,971,518. Ambev S.A. has a fifty-two week low of $1.79 and a fifty-two week high of $2.81. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.15 and a quick ratio of 0.86. The stock’s fifty day moving average price is $2.52 and its 200 day moving average price is $2.36. The firm has a market capitalization of $43.89 billion, a price-to-earnings ratio of 15.47, a price-to-earnings-growth ratio of 2.89 and a beta of 0.67.

Ambev (NYSE:ABEV) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. Ambev had a net margin of 17.90% and a return on equity of 15.81%. The company had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $3.97 billion. As a group, equities research analysts predict that Ambev S.A. will post 0.18 EPS for the current year.

Ambev Dividend Announcement

The company also recently disclosed 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 was Monday, December 22nd. This represents a yield of 1,465.0%. Ambev’s dividend payout ratio (DPR) is presently 183.33%.

Wall Street Analyst Weigh In

Several research firms have issued reports on ABEV. Zacks Research upgraded shares of Ambev from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Ambev in a research report on Monday, December 29th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $2.88 price target on shares of Ambev in a research report on Wednesday, November 26th. Seven research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $2.53.

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.