Atomi Financial Group Inc. Purchases 9,866 Shares of Ambev S.A. (NYSE:ABEV)

Atomi Financial Group Inc. boosted its holdings in Ambev S.A. (NYSE:ABEV) by 13.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 81,547 shares of the company’s stock after purchasing an additional 9,866 shares during the quarter. Atomi Financial Group Inc.’s holdings in Ambev were worth $151,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bank of Montreal Can raised its stake in shares of Ambev by 12.3% in the second quarter. Bank of Montreal Can now owns 782,446 shares of the company’s stock worth $1,643,000 after purchasing an additional 85,747 shares during the last quarter. Millennium Management LLC grew its holdings in Ambev by 15.5% during the second quarter. Millennium Management LLC now owns 8,445,718 shares of the company’s stock worth $17,314,000 after buying an additional 1,132,936 shares in the last quarter. Creative Planning raised its position in Ambev by 10.5% in the 2nd quarter. Creative Planning now owns 259,335 shares of the company’s stock valued at $532,000 after buying an additional 24,678 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Ambev by 7.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 122,485 shares of the company’s stock valued at $251,000 after acquiring an additional 8,106 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in Ambev by 53.3% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 56,062 shares of the company’s stock worth $115,000 after acquiring an additional 19,496 shares during the last quarter. Institutional investors own 8.13% of the company’s stock.

Ambev Stock Performance

Shares of ABEV stock opened at $1.84 on Tuesday. Ambev S.A. has a 52 week low of $1.76 and a 52 week high of $2.72. The firm’s 50-day simple moving average is $2.01 and its two-hundred day simple moving average is $2.18. The firm has a market cap of $28.91 billion, a price-to-earnings ratio of 10.19, a P/E/G ratio of 5.44 and a beta of 1.05. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 1.20.

Ambev Cuts Dividend

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

Analyst Ratings Changes

ABEV has been the subject of several analyst reports. StockNews.com assumed coverage on shares of Ambev in a report on Monday. They issued a “buy” rating for the company. Citigroup reiterated a “neutral” rating on shares of Ambev in a research note on Wednesday, January 22nd. Bank of America downgraded Ambev from a “buy” rating to a “neutral” rating in a research note on Friday, January 17th. Finally, Barclays decreased 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. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $2.45.

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.