Tower Research Capital LLC TRC Boosts Stock Holdings in Ambev S.A. (NYSE:ABEV)

Tower Research Capital LLC TRC increased its position in shares of Ambev S.A. (NYSE:ABEV) by 190.2% in the 4th quarter, HoldingsChannel reports. The firm owned 29,483 shares of the company’s stock after purchasing an additional 19,325 shares during the period. Tower Research Capital LLC TRC’s holdings in Ambev were worth $55,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in ABEV. CANADA LIFE ASSURANCE Co increased its stake in shares of Ambev by 101.1% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 15,639,612 shares of the company’s stock worth $29,512,000 after purchasing an additional 7,862,672 shares in the last quarter. Private Management Group Inc. boosted its holdings in shares of Ambev by 8.1% in the 4th quarter. Private Management Group Inc. now owns 14,512,234 shares of the company’s stock valued at $26,848,000 after purchasing an additional 1,083,882 shares during the last quarter. Barclays PLC boosted its holdings in shares of Ambev by 76.9% in the 3rd quarter. Barclays PLC now owns 52,625 shares of the company’s stock valued at $128,000 after purchasing an additional 22,880 shares during the last quarter. RWC Asset Management LLP lifted its holdings in shares of Ambev by 4.4% during the 4th quarter. RWC Asset Management LLP now owns 13,063,556 shares of the company’s stock valued at $24,168,000 after acquiring an additional 552,220 shares in the last quarter. Finally, Caprock Group LLC lifted its holdings in shares of Ambev by 12.4% during the 4th quarter. Caprock Group LLC now owns 65,189 shares of the company’s stock valued at $128,000 after acquiring an additional 7,211 shares in the last quarter. 8.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on ABEV shares. Bank of America lowered shares of Ambev from a “buy” rating to a “neutral” rating in a report on Friday, January 17th. UBS Group downgraded shares of Ambev from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 22nd. Barclays boosted their price objective on shares of Ambev from $2.00 to $2.50 and gave the company an “equal weight” rating in a research report on Monday. StockNews.com started coverage on shares of Ambev in a research note on Wednesday, April 23rd. They set a “buy” rating for the company. Finally, Morgan Stanley lowered shares of Ambev from an “equal weight” rating to an “underweight” rating in a research note on Monday, April 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $2.70.

Ambev Stock Down 1.0%

Ambev stock opened at $2.51 on Tuesday. The firm has a market cap of $39.47 billion, a PE ratio of 13.92, a P/E/G ratio of 5.80 and a beta of 0.80. 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 firm’s 50 day moving average price is $2.35 and its two-hundred day moving average price is $2.13. Ambev S.A. has a twelve month low of $1.76 and a twelve month high of $2.64.

Ambev (NYSE:ABEV) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. The company had revenue of $3.92 billion for the quarter, compared to analyst estimates of $22.40 billion. Ambev had a net margin of 17.02% and a return on equity of 16.12%. On average, research analysts predict that Ambev S.A. will post 0.18 EPS for the current fiscal year.

Ambev Cuts Dividend

The business also recently declared a — dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, May 19th will be issued a $0.0219 dividend. This represents a yield of 5%. The ex-dividend date is Monday, May 19th. Ambev’s dividend payout ratio (DPR) is presently 56.25%.

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.