Ambev S.A. (ABEV) Shares Sold by SG Americas Securities LLC
SG Americas Securities LLC lowered its position in Ambev S.A. (NYSE:ABEV) by 1.3% during the second quarter, Holdings Channel reports. The firm owned 906,590 shares of the company’s stock after selling 12,162 shares during the period. SG Americas Securities LLC’s holdings in Ambev were worth $4,977,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Wedbush Securities Inc. boosted its stake in Ambev by 2.2% in the first quarter. Wedbush Securities Inc. now owns 17,365 shares of the company’s stock worth $100,000 after buying an additional 369 shares during the period. King Luther Capital Management Corp purchased a new stake in Ambev during the first quarter worth approximately $121,000. FFT Wealth Management LLC boosted its stake in Ambev by 84.7% in the first quarter. FFT Wealth Management LLC now owns 23,489 shares of the company’s stock worth $135,000 after buying an additional 10,771 shares during the period. Aureus Asset Management LLC boosted its stake in Ambev by 21.8% in the first quarter. Aureus Asset Management LLC now owns 22,470 shares of the company’s stock worth $138,000 after buying an additional 4,015 shares during the period. Finally, Virtu Financial LLC boosted its stake in Ambev by 38.5% in the second quarter. Virtu Financial LLC now owns 28,800 shares of the company’s stock worth $158,000 after buying an additional 8,000 shares during the period. Institutional investors and hedge funds own 7.50% of the company’s stock.
Ambev S.A. (NYSE:ABEV) opened at 6.23 on Friday. Ambev S.A. has a 12-month low of $4.70 and a 12-month high of $6.39. The stock has a market cap of $97.86 billion, a price-to-earnings ratio of 25.64 and a beta of 0.66. The company’s 50 day moving average price is $5.93 and its 200-day moving average price is $5.72.
Ambev (NYSE:ABEV) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. Ambev had a net margin of 27.14% and a return on equity of 23.24%. The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.33 billion. On average, analysts forecast that Ambev S.A. will post $0.23 EPS for the current year.
The company also recently declared a special dividend, which was paid on Monday, July 24th. Shareholders of record on Wednesday, June 28th were paid a $0.0493 dividend. The ex-dividend date of this dividend was Monday, June 26th. This is a positive change from Ambev’s previous special dividend of $0.03. Ambev’s dividend payout ratio (DPR) is presently 50.00%.
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A number of research firms have recently commented on ABEV. Zacks Investment Research upgraded Ambev from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Barclays PLC reiterated a “hold” rating on shares of Ambev in a research report on Sunday, July 30th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Ambev currently has an average rating of “Buy” and a consensus target price of $6.10.
Ambev Company Profile
Ambev SA, formerly Inbev Participacoes Societarias SA, is a Brazil-based company engaged in the brewing sector. The Company produces and sells beer, carbonated soft drinks (CSDs) and other non-alcoholic and non-carbonated (NANC) beverages across the Americas. The Company’s activities are divided into three segments: Latin America North, including sell of beer, CSD and NANC drinks in Brazil, as well as operations in Dominican Republic, Saint Vincent, Antigua, Dominica, Guatemala, El Salvador, Nicaragua and Cuba; Latin America South, distributing products in Argentina, Bolivia, Paraguay, Uruguay, Chile, Ecuador, Peru and Colombia, and Canada, represented by Labatt’s operations, which comprises sales in Canada.
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