Ambev (NYSE:ABEV) Insider De Lacerda Eduardo Cavalcanti Sells 152,386 Shares

Ambev S.A. (NYSE:ABEV) insider De Lacerda Eduardo Cavalcanti sold 152,386 shares of the business’s stock in a transaction on Friday, March 27th. The stock was sold at an average price of $2.85, for a total transaction of $434,300.10. Following the completion of the sale, the insider directly owned 223,340 shares in the company, valued at approximately $636,519. This represents a 40.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Ambev Trading Down 0.8%

Shares of Ambev stock traded down $0.03 during trading on Monday, hitting $3.17. The company’s stock had a trading volume of 23,352,807 shares, compared to its average volume of 25,069,717. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.96 and a quick ratio of 0.73. Ambev S.A. has a 52 week low of $2.10 and a 52 week high of $3.24. The stock has a market cap of $49.87 billion, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 2.35 and a beta of 0.66. The stock has a 50-day moving average price of $2.98 and a two-hundred day moving average price of $2.63.

Ambev (NYSE:ABEV) last issued its quarterly earnings data on Friday, February 13th. The company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. The company had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.28 billion. Ambev had a net margin of 17.75% and a return on equity of 16.41%. Equities research analysts anticipate that Ambev S.A. will post 0.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Oxbow Advisors LLC acquired a new position in Ambev during the 3rd quarter worth approximately $2,805,000. Massachusetts Financial Services Co. MA raised its stake in Ambev by 12.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 36,058,376 shares of the company’s stock worth $80,410,000 after buying an additional 3,864,844 shares during the period. Ashton Thomas Private Wealth LLC raised its stake in Ambev by 118.7% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 2,659,347 shares of the company’s stock worth $5,986,000 after buying an additional 1,443,232 shares during the period. Kapitalo Investimentos Ltda raised its holdings in shares of Ambev by 216.3% in the 3rd quarter. Kapitalo Investimentos Ltda now owns 1,784,142 shares of the company’s stock worth $3,979,000 after acquiring an additional 1,220,006 shares during the last quarter. Finally, Eldred Rock Partners LLC raised its holdings in shares of Ambev by 11.6% in the 3rd quarter. Eldred Rock Partners LLC now owns 3,962,046 shares of the company’s stock worth $8,926,000 after acquiring an additional 412,189 shares during the last quarter. 8.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on ABEV shares. Wall Street Zen cut shares of Ambev from a “buy” rating to a “hold” rating in a research report on Monday, March 30th. Weiss Ratings raised shares of Ambev from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, March 5th. Finally, Barclays upped their price target on shares of Ambev from $2.50 to $3.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” 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.