Ambev S.A. $ABEV Stock Holdings Lifted by Hsbc Holdings PLC

Hsbc Holdings PLC increased its holdings in Ambev S.A. (NYSE:ABEV) by 9.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,729,192 shares of the company’s stock after buying an additional 240,490 shares during the period. Hsbc Holdings PLC’s holdings in Ambev were worth $7,969,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. NewEdge Advisors LLC boosted its stake in Ambev by 17.7% in the fourth quarter. NewEdge Advisors LLC now owns 23,578 shares of the company’s stock valued at $58,000 after acquiring an additional 3,553 shares during the period. CHICAGO TRUST Co NA boosted its position in Ambev by 2.2% during the 1st quarter. CHICAGO TRUST Co NA now owns 173,886 shares of the company’s stock valued at $508,000 after purchasing an additional 3,702 shares during the period. Perigon Wealth Management LLC boosted its position in Ambev by 34.3% during the 4th quarter. Perigon Wealth Management LLC now owns 15,411 shares of the company’s stock valued at $38,000 after purchasing an additional 3,936 shares during the period. Federation des caisses Desjardins du Quebec increased its position in Ambev by 4.4% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 100,451 shares of the company’s stock worth $248,000 after buying an additional 4,237 shares during the period. Finally, Blair William & Co. IL lifted its stake in Ambev by 3.4% in the third quarter. Blair William & Co. IL now owns 140,579 shares of the company’s stock valued at $313,000 after buying an additional 4,557 shares during the last quarter. Institutional investors own 8.13% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Barclays upped their price target on shares of Ambev from $3.00 to $3.50 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Wall Street Zen lowered shares of Ambev from a “buy” rating to a “hold” rating in a research note on Monday, July 13th. UBS Group boosted their price objective on Ambev from $2.65 to $2.90 and gave the stock a “sell” rating in a research report on Thursday, May 14th. Scotiabank lowered Ambev from a “sector outperform” rating to a “sector perform” rating in a report on Wednesday, July 15th. Finally, Weiss Ratings cut Ambev from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Six research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $3.09.

Ambev Stock Up 1.4%

Ambev stock opened at $3.15 on Thursday. Ambev S.A. has a 52 week low of $2.10 and a 52 week high of $3.45. The stock has a market cap of $49.73 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 1.82 and a beta of 0.64. The company’s 50-day moving average price is $3.14 and its two-hundred day moving average price is $3.01. The company has a current ratio of 1.03, a quick ratio of 0.78 and a debt-to-equity ratio of 0.02.

Ambev (NYSE:ABEV) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. Ambev had a net margin of 17.69% and a return on equity of 16.63%. The business had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.38 billion. On average, analysts expect that Ambev S.A. will post 0.2 EPS for the current fiscal year.

Ambev Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 11th. Stockholders of record on Wednesday, June 24th will be given a dividend of $0.0092 per share. The ex-dividend date is Wednesday, June 24th. This represents a $0.04 annualized dividend and a dividend yield of 1.2%. Ambev’s dividend payout ratio (DPR) is 10.53%.

Insider Activity at Ambev

In related news, insider Paulo Andre Zagman sold 136,250 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $3.41, for a total transaction of $464,612.50. Following the completion of the transaction, the insider owned 230,535 shares of the company’s stock, valued at $786,124.35. This trade represents a 37.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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.