Ambev S.A. (NYSE:ABEV) Shares Purchased by First Affirmative Financial Network

First Affirmative Financial Network lifted its stake in Ambev S.A. (NYSE:ABEV) by 89.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,355 shares of the company’s stock after acquiring an additional 21,420 shares during the period. First Affirmative Financial Network’s holdings in Ambev were worth $84,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. HTLF Bank acquired a new stake in Ambev in the third quarter worth approximately $26,000. MCIA Inc acquired a new stake in shares of Ambev in the third quarter valued at $25,000. Wealthstream Advisors Inc. bought a new position in Ambev during the third quarter valued at about $29,000. Riversedge Advisors LLC bought a new position in Ambev during the third quarter valued at about $31,000. Finally, Foster Group Inc. acquired a new position in shares of Ambev in the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 8.13% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ABEV. Citigroup reaffirmed a “neutral” rating on shares of Ambev in a report on Wednesday, January 22nd. Barclays dropped their price target on Ambev from $2.50 to $2.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. StockNews.com began coverage on Ambev in a research note on Monday. They set a “buy” rating on the stock. Finally, Bank of America lowered shares of Ambev from a “buy” rating to a “neutral” rating in a research report on Friday, January 17th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $2.45.

Ambev Stock Performance

Shares of ABEV stock opened at $1.86 on Friday. Ambev S.A. has a fifty-two week low of $1.76 and a fifty-two week high of $2.72. The stock’s 50-day moving average is $1.99 and its two-hundred day moving average is $2.17. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 0.89. The firm has a market cap of $29.22 billion, a P/E ratio of 10.31, a PEG ratio of 5.44 and a beta of 1.05.

Ambev Cuts Dividend

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

Ambev Company Profile

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.