Envestnet Portfolio Solutions Inc. Has $177,000 Stock Holdings in Ambev S.A. (NYSE:ABEV)

Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Ambev S.A. (NYSE:ABEV) by 19.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,427 shares of the company’s stock after purchasing an additional 15,718 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Ambev were worth $177,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. CORDA Investment Management LLC. bought a new stake in shares of Ambev during the fourth quarter worth $11,987,000. Allspring Global Investments Holdings LLC grew its stake in Ambev by 39.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 18,519,980 shares of the company’s stock valued at $33,892,000 after acquiring an additional 5,283,746 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Ambev in the fourth quarter worth about $3,523,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Ambev during the third quarter worth about $3,259,000. Finally, Jane Street Group LLC lifted its holdings in shares of Ambev by 132.9% during the 3rd quarter. Jane Street Group LLC now owns 1,976,147 shares of the company’s stock valued at $4,822,000 after purchasing an additional 1,127,719 shares in the last quarter. 8.13% of the stock is currently owned by institutional investors and hedge funds.

Ambev Stock Down 1.5 %

Ambev stock opened at $2.28 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.02. Ambev S.A. has a 1-year low of $1.76 and a 1-year high of $2.56. The company has a fifty day simple moving average of $2.03 and a 200 day simple moving average of $2.12. The company has a market cap of $35.84 billion, a P/E ratio of 12.64, a price-to-earnings-growth ratio of 5.80 and a beta of 0.94.

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

Ambev Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.0221 per share. This represents a $0.09 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date is Tuesday, March 18th. Ambev’s dividend payout ratio is currently 52.94%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ABEV shares. StockNews.com started coverage on Ambev in a research note on Monday, January 27th. They set a “buy” rating for the company. Citigroup reaffirmed a “neutral” rating on shares of Ambev in a research note 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 note on Tuesday, January 21st. Finally, Bank of America cut Ambev from a “buy” rating to a “neutral” rating in a research report on Friday, January 17th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Ambev presently has a consensus rating of “Hold” and a consensus price target of $2.45.

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.