Key Points
- Insider sale: Ambev insider De Lacerda Eduardo Cavalcanti sold 152,386 shares on March 27 at an average price of $2.85 for $434,300, cutting his position by 40.56% to 223,340 shares (valued at $636,519).
- Quarterly results: Ambev reported $0.05 EPS (in line with estimates) and revenue of $4.50 billion (above the $4.28B estimate), with a net margin of 17.75% and ROE of 16.41%.
- Market and analyst view: Shares trade around $3.17 (52-week range $2.10–$3.24), the consensus rating is Hold with a $2.69 target, and institutional investors own about 8.13% of the stock.
Ambev S.A. (NYSE:ABEV - Get Free Report) insider De Lacerda Eduardo Cavalcanti sold 152,386 shares of the firm's stock in a transaction on Friday, March 27th. The shares were sold at an average price of $2.85, for a total transaction of $434,300.10. Following the transaction, the insider directly owned 223,340 shares of the company's stock, valued at $636,519. The trade was a 40.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Ambev Price Performance
Shares of NYSE:ABEV opened at $3.17 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.73 and a current ratio of 0.96. Ambev S.A. has a 52 week low of $2.10 and a 52 week high of $3.24. The firm has a market cap of $49.87 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 2.35 and a beta of 0.66. The firm's fifty day moving average is $2.99 and its 200-day moving average is $2.64.
Ambev (NYSE:ABEV - Get Free Report) last posted its quarterly earnings data on Friday, February 13th. The company reported $0.05 earnings per share for the quarter, meeting analysts' consensus estimates of $0.05. The business had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.28 billion. Ambev had a return on equity of 16.41% and a net margin of 17.75%. Sell-side analysts predict that Ambev S.A. will post 0.18 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in ABEV. Modern Wealth Management LLC acquired a new position in shares of Ambev in the 3rd quarter valued at about $25,000. Monument Capital Management acquired a new stake in Ambev during the fourth quarter worth approximately $25,000. First Trust Advisors LP acquired a new stake in Ambev during the third quarter worth approximately $25,000. Integrated Wealth Concepts LLC bought a new stake in Ambev in the first quarter worth approximately $26,000. Finally, Bensler LLC bought a new stake in Ambev in the third quarter worth approximately $27,000. 8.13% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
ABEV has been the subject of a number of analyst reports. Wall Street Zen downgraded Ambev from a "buy" rating to a "hold" rating in a research report on Monday, March 30th. Weiss Ratings raised shares of Ambev from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, March 5th. Finally, Barclays raised their price target on shares of Ambev from $2.50 to $3.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 17th. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $2.69.
Read Our Latest Analysis on Ambev
About Ambev
(
Get Free Report)
Ambev (NYSE: ABEV) is a Brazilian-based beverage company that produces, distributes and markets a broad portfolio of alcoholic and non-alcoholic drinks. The company's core business centers on brewing and selling beer, alongside a range of soft drinks, bottled water, energy drinks and other malt-based beverages. Headquartered in São Paulo, Ambev operates an integrated value chain that covers manufacturing, packaging, logistics and commercial sales to retail, on-premise and institutional customers.
The company traces its origins to the 1999 merger of two historic Brazilian breweries, and later became part of the broader global brewing group through subsequent industry consolidations.
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