Jones Financial Companies Lllp Has $158,000 Holdings in Ambev S.A. (NYSE:ABEV)

Jones Financial Companies Lllp increased its position in shares of Ambev S.A. (NYSE:ABEV) by 7.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,142 shares of the company’s stock after acquiring an additional 6,164 shares during the quarter. Jones Financial Companies Lllp’s holdings in Ambev were worth $158,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its holdings in shares of Ambev by 0.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 42,904,893 shares of the company’s stock valued at $104,688,000 after acquiring an additional 226,238 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Ambev by 39.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 18,519,980 shares of the company’s stock valued at $33,892,000 after buying an additional 5,283,746 shares during the period. Private Management Group Inc. increased its stake in 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 buying an additional 1,083,882 shares during the period. RWC Asset Management LLP increased its stake in Ambev by 4.4% in the 4th quarter. RWC Asset Management LLP now owns 13,063,556 shares of the company’s stock valued at $24,168,000 after buying an additional 552,220 shares during the period. Finally, State Street Corp increased its stake in Ambev by 9.2% in the 3rd quarter. State Street Corp now owns 10,425,374 shares of the company’s stock valued at $25,438,000 after buying an additional 878,900 shares during the period. Institutional investors and hedge funds own 8.13% of the company’s stock.

Wall Street Analysts Forecast Growth

ABEV has been the topic of several research reports. StockNews.com initiated coverage on shares of Ambev in a research note on Monday, January 27th. They issued a “buy” rating on the stock. Bank of America lowered shares of Ambev from a “buy” rating to a “neutral” rating in a research note on Friday, January 17th. Barclays dropped their price objective on shares of 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, Citigroup reiterated a “neutral” rating on shares of Ambev in a research note on Wednesday, January 22nd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $2.45.

Ambev Stock Performance

Shares of ABEV opened at $2.31 on Friday. The company’s fifty day moving average is $1.93 and its 200-day moving average is $2.12. Ambev S.A. has a 12 month low of $1.76 and a 12 month high of $2.56. The firm has a market cap of $36.31 billion, a price-to-earnings ratio of 12.81, a price-to-earnings-growth ratio of 5.80 and a beta of 0.94. 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 (NYSE:ABEV) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). Ambev had a return on equity of 16.12% and a net margin of 17.02%. The business had revenue of $4.63 billion for the quarter, compared to analyst estimates of $22.42 billion. Equities analysts expect that Ambev S.A. will post 0.18 EPS for the current fiscal year.

Ambev Cuts Dividend

The firm also recently declared 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. The ex-dividend date is Tuesday, March 18th. This represents a $0.09 annualized dividend and a dividend yield of 3.83%. Ambev’s dividend payout ratio (DPR) is 52.94%.

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.