Ambev S.A. $ABEV Shares Acquired by Moran Wealth Management LLC

Moran Wealth Management LLC lifted its holdings in Ambev S.A. (NYSE:ABEV) by 29.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,933,646 shares of the company’s stock after acquiring an additional 674,705 shares during the quarter. Moran Wealth Management LLC’s holdings in Ambev were worth $8,566,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Monument Capital Management acquired a new position in Ambev during the fourth quarter valued at $25,000. IHT Wealth Management LLC acquired a new stake in Ambev during the 4th quarter worth about $27,000. First Trust Advisors LP acquired a new stake in Ambev during the 3rd quarter worth about $25,000. Integrated Wealth Concepts LLC purchased a new position in shares of Ambev during the 1st quarter valued at about $26,000. Finally, World Investment Advisors purchased a new position in shares of Ambev during the 1st quarter valued at about $32,000. Institutional investors and hedge funds own 8.13% of the company’s stock.

Ambev Trading Up 0.2%

Shares of NYSE:ABEV opened at $3.10 on Friday. Ambev S.A. has a 1 year low of $2.10 and a 1 year high of $3.45. The firm has a market capitalization of $48.94 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 1.78 and a beta of 0.64. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.03 and a quick ratio of 0.78. The business’s 50 day moving average price is $3.16 and its 200-day moving average price is $2.95.

Ambev (NYSE:ABEV) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. The company had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.38 billion. Ambev had a net margin of 17.69% and a return on equity of 16.63%. On average, equities research analysts forecast that Ambev S.A. will post 0.21 earnings per share for the current fiscal year.

Ambev Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 11th. Stockholders of record on Wednesday, June 24th will be given a $0.0092 dividend. 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 other news, insider Paulo Andre Zagman sold 136,250 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $3.41, for a total transaction of $464,612.50. Following the completion of the sale, the insider owned 230,535 shares of the company’s stock, valued at $786,124.35. The trade was a 37.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Analyst Upgrades and Downgrades

ABEV has been the subject of several analyst reports. Weiss Ratings cut Ambev from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Wall Street Zen upgraded Ambev from a “hold” rating to a “buy” rating in a research report on Sunday. UBS Group lifted their price target on Ambev from $2.65 to $2.90 and gave the company a “sell” rating in a research report on Thursday, May 14th. Finally, Barclays boosted their price target on Ambev from $3.00 to $3.50 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Five analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $3.09.

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.