Ambev S.A. (NYSE:ABEV) Shares Bought by AlphaMark Advisors LLC

AlphaMark Advisors LLC increased its position in Ambev S.A. (NYSE:ABEV) by 78.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,755 shares of the company’s stock after acquiring an additional 20,575 shares during the period. AlphaMark Advisors LLC’s holdings in Ambev were worth $86,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Insight Inv LLC purchased a new stake in shares of Ambev in the fourth quarter valued at about $25,000. Exchange Traded Concepts LLC purchased a new position in shares of Ambev during the fourth quarter valued at approximately $30,000. Baker Ellis Asset Management LLC purchased a new position in shares of Ambev during the fourth quarter valued at approximately $78,000. Atomi Financial Group Inc. boosted its holdings in shares of Ambev by 13.8% during the fourth quarter. Atomi Financial Group Inc. now owns 81,547 shares of the company’s stock worth $151,000 after purchasing an additional 9,866 shares during the last quarter. Finally, Perpetual Ltd boosted its stake in Ambev by 3.5% in the 4th quarter. Perpetual Ltd now owns 3,134,940 shares of the company’s stock worth $5,800,000 after buying an additional 105,819 shares during the last quarter. 8.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on ABEV. StockNews.com initiated coverage on shares of Ambev in a report on Monday. They issued a “buy” rating on the stock. Barclays lowered their price target on Ambev from $2.50 to $2.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Citigroup restated a “neutral” rating on shares of Ambev in a report on Wednesday, January 22nd. Finally, Bank of America cut Ambev from a “buy” rating to a “neutral” rating in a report on Friday, January 17th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $2.45.

Ambev Stock Down 1.4 %

Shares of NYSE:ABEV opened at $1.80 on Monday. The company has a 50 day moving average of $2.01 and a two-hundred day moving average of $2.18. Ambev S.A. has a 52-week low of $1.76 and a 52-week high of $2.72. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $28.28 billion, a price-to-earnings ratio of 9.97, a price-to-earnings-growth ratio of 5.44 and a beta of 1.05.

Ambev Cuts Dividend

The company also recently disclosed an annual dividend, which was paid on Thursday, January 9th. Shareholders of record on Monday, December 23rd were given a $0.0414 dividend. The ex-dividend date was Monday, December 23rd. This represents a yield of 1.93%. Ambev’s payout ratio is currently 38.89%.

About Ambev

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe, Hoegaarden, Balboa ICE, Balboa, Atlas Golden Light, Atlas, Bucanero, Cristal, Mayabe, Presidente, Presidente Light, Brahma Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Bud 66, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith’s, and Kokanee brands.