Sanctuary Advisors LLC Trims Stock Position in Ambev S.A. (NYSE:ABEV)

Sanctuary Advisors LLC trimmed its position in Ambev S.A. (NYSE:ABEV) by 6.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 117,930 shares of the company’s stock after selling 8,339 shares during the quarter. Sanctuary Advisors LLC’s holdings in Ambev were worth $219,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. MCIA Inc acquired a new stake in shares of Ambev during the 3rd quarter worth about $25,000. Insight Inv LLC purchased a new position in Ambev during the fourth quarter worth about $25,000. Wealthstream Advisors Inc. acquired a new stake in shares of Ambev during the third quarter valued at about $29,000. Exchange Traded Concepts LLC purchased a new stake in shares of Ambev in the 4th quarter valued at approximately $30,000. Finally, Private Advisor Group LLC purchased a new stake in shares of Ambev in the 3rd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 8.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ABEV shares. Bank of America cut shares of Ambev from a “buy” rating to a “neutral” rating in a research report on Friday, January 17th. 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. StockNews.com began coverage on Ambev in a report on Monday, January 27th. They issued a “buy” rating on the stock. Finally, Citigroup restated a “neutral” rating on shares of Ambev in a report on Wednesday, January 22nd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $2.45.

Ambev Price Performance

Ambev stock opened at $2.20 on Thursday. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. Ambev S.A. has a 52-week low of $1.76 and a 52-week high of $2.58. The firm has a market cap of $34.58 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 5.80 and a beta of 0.94. The company’s 50 day moving average is $1.87 and its two-hundred day moving average is $2.13.

Ambev (NYSE:ABEV) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The company had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $22.42 billion. Ambev had a return on equity of 16.12% and a net margin of 17.02%. On average, research analysts expect that Ambev S.A. will post 0.18 EPS for the current fiscal year.

Ambev Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Tuesday, March 18th will be given a $0.0221 dividend. This represents a $0.09 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date is Tuesday, March 18th. Ambev’s dividend payout ratio is currently 52.94%.

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.