Longfellow Investment Management Co. LLC Grows Holdings in Ambev S.A. $ABEV

Longfellow Investment Management Co. LLC raised its holdings in shares of Ambev S.A. (NYSE:ABEV) by 32.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,317,682 shares of the company’s stock after purchasing an additional 319,546 shares during the quarter. Ambev accounts for approximately 0.7% of Longfellow Investment Management Co. LLC’s investment portfolio, making the stock its 24th largest holding. Longfellow Investment Management Co. LLC’s holdings in Ambev were worth $2,938,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Integrated Wealth Concepts LLC bought a new stake in Ambev during the 1st quarter valued at about $26,000. Bensler LLC bought a new position in Ambev in the 3rd quarter worth about $27,000. EverSource Wealth Advisors LLC increased its position in shares of Ambev by 2,224.1% during the second quarter. EverSource Wealth Advisors LLC now owns 12,248 shares of the company’s stock worth $30,000 after acquiring an additional 11,721 shares during the period. Vestmark Advisory Solutions Inc. bought a new stake in shares of Ambev during the third quarter valued at approximately $33,000. Finally, Focus Partners Wealth purchased a new stake in shares of Ambev in the first quarter valued at approximately $33,000. 8.13% of the stock is currently owned by institutional investors.

Ambev Stock Down 2.0%

Shares of NYSE ABEV opened at $2.92 on Friday. Ambev S.A. has a 12-month low of $2.10 and a 12-month high of $3.24. The stock’s fifty day simple moving average is $2.82 and its two-hundred day simple moving average is $2.50. The stock has a market capitalization of $46.01 billion, a PE ratio of 16.22, a price-to-earnings-growth ratio of 2.19 and a beta of 0.64. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 0.03.

Ambev (NYSE:ABEV) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. Ambev had a return on equity of 16.41% and a net margin of 17.75%.The firm had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.28 billion. As a group, analysts expect that Ambev S.A. will post 0.18 EPS 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 dividend yield of 1,465.0%. The ex-dividend date of this dividend was Monday, December 22nd. Ambev’s dividend payout ratio is presently 183.33%.

Analyst Ratings Changes

Several brokerages recently issued reports on ABEV. Barclays increased their price objective on Ambev from $2.50 to $3.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ambev in a report on Monday, December 29th. Wall Street Zen upgraded Ambev from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $2.88 price objective on shares of Ambev in a report on Wednesday, November 26th. Six analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Ambev presently has an average rating of “Reduce” and a consensus price target of $2.69.

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.