Cibc World Market Inc. Has $14.78 Million Holdings in Ambev S.A. $ABEV

Cibc World Market Inc. boosted its holdings in Ambev S.A. (NYSE:ABEV) by 3.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,982,701 shares of the company’s stock after acquiring an additional 221,254 shares during the quarter. Cibc World Market Inc.’s holdings in Ambev were worth $14,777,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ABEV. Modern Wealth Management LLC acquired a new stake in Ambev in the third quarter valued at about $25,000. First Trust Advisors LP acquired a new stake in Ambev in the third quarter valued at about $25,000. Monument Capital Management acquired a new stake in Ambev in the fourth quarter valued at about $25,000. Integrated Wealth Concepts LLC acquired a new stake in Ambev in the first quarter valued at about $26,000. Finally, Royal Palms Capital LLC acquired a new stake in Ambev in the fourth quarter valued at about $29,000. 8.13% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider De Lacerda Eduardo Cavalcanti sold 152,386 shares of the firm’s stock in a transaction dated 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 transaction, the insider directly owned 223,340 shares in the company, valued at $636,519. This trade represents a 40.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Ambev Stock Performance

Shares of ABEV stock opened at $3.13 on Friday. The business’s 50-day moving average price is $3.10 and its 200-day moving average price is $2.86. Ambev S.A. has a 12 month low of $2.10 and a 12 month high of $3.45. The firm has a market capitalization of $49.26 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 1.79 and a beta of 0.64. 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 issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. Ambev had a return on equity of 16.63% and a net margin of 17.69%.The company had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.38 billion. Equities research analysts forecast that Ambev S.A. will post 0.21 EPS for the current year.

Ambev Announces Dividend

The business also recently disclosed 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. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Wednesday, June 24th. Ambev’s dividend payout ratio (DPR) is 57.89%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Wall Street Zen raised Ambev from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Barclays raised their price objective on Ambev from $3.00 to $3.50 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. UBS Group raised their price objective on Ambev from $2.65 to $2.90 and gave the company a “sell” rating in a research note on Thursday, May 14th. Finally, Weiss Ratings lowered Ambev from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Five research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently 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.