Mondrian Investment Partners LTD Purchases 5,993 Shares of Ambev S.A. (NYSE:ABEV)

Mondrian Investment Partners LTD grew its position in shares of Ambev S.A. (NYSE:ABEV) by 40.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,810 shares of the company’s stock after buying an additional 5,993 shares during the quarter. Mondrian Investment Partners LTD’s holdings in Ambev were worth $38,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of ABEV. CORDA Investment Management LLC. bought a new position in Ambev in the 4th quarter worth $11,987,000. Allspring Global Investments Holdings LLC raised its holdings 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 worth $33,892,000 after purchasing an additional 5,283,746 shares during the period. Altrius Capital Management Inc bought a new position in Ambev in the 3rd quarter worth $8,630,000. Raymond James Financial Inc. bought a new position in Ambev in the 4th quarter worth $3,523,000. Finally, Itau Unibanco Holding S.A. bought a new position in Ambev in the 3rd quarter worth $3,259,000. 8.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. StockNews.com assumed coverage on Ambev in a report on Monday, January 27th. They issued a “buy” rating on the stock. Citigroup reiterated a “neutral” rating on shares of Ambev in a research note on Wednesday, January 22nd. Bank of America lowered Ambev from a “buy” rating to a “neutral” rating in a research note on Friday, January 17th. Finally, Barclays cut their price target on Ambev from $2.50 to $2.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $2.45.

Ambev Trading Up 2.0 %

Shares of ABEV stock opened at $2.25 on Friday. Ambev S.A. has a 52-week low of $1.76 and a 52-week high of $2.56. 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 has a market capitalization of $35.37 billion, a PE ratio of 12.47, a PEG ratio of 5.80 and a beta of 0.94. The stock has a fifty day simple moving average of $1.92 and a two-hundred day simple moving average of $2.12.

Ambev (NYSE:ABEV) last issued 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 firm had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $22.42 billion. Ambev had a net margin of 17.02% and a return on equity of 16.12%. On average, analysts predict that Ambev S.A. will post 0.18 EPS for the current fiscal year.

Ambev Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.0221 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 3.93%. Ambev’s payout ratio is 52.94%.

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.