Marks Group Wealth Management Inc Sells 56,910 Shares of Ambev S.A. (NYSE:ABEV)

Marks Group Wealth Management Inc trimmed its stake in Ambev S.A. (NYSE:ABEV) by 43.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,680 shares of the company’s stock after selling 56,910 shares during the period. Marks Group Wealth Management Inc’s holdings in Ambev were worth $136,000 as of its most recent SEC filing.

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

Ambev Stock Down 0.3 %

Shares of NYSE:ABEV opened at $1.85 on Thursday. The company has a market capitalization of $29.07 billion, a PE ratio of 10.25, a P/E/G ratio of 5.56 and a beta of 1.04. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 1.20. The company’s fifty day moving average is $1.93 and its 200-day moving average is $2.16. Ambev S.A. has a 52 week low of $1.76 and a 52 week high of $2.72.

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 paid a dividend of $0.0414 per share. The ex-dividend date was Monday, December 23rd. This represents a yield of 1.93%. Ambev’s dividend payout ratio is 38.89%.

Analyst Upgrades and Downgrades

ABEV has been the subject of several research reports. Citigroup reiterated a “neutral” rating on shares of Ambev in a research note on Wednesday, January 22nd. Bank of America lowered shares of Ambev from a “buy” rating to a “neutral” rating in a research report on Friday, January 17th. StockNews.com began coverage on shares of Ambev in a research report on Monday, January 27th. They issued a “buy” rating for the company. Finally, Barclays decreased their price objective on Ambev from $2.50 to $2.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $2.45.

Ambev 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.