Ambev S.A. (NYSE:ABEV - Get Free Report) insider Paulo Andre Zagman sold 136,250 shares of the company's stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $3.41, for a total value of $464,612.50. Following the transaction, the insider owned 230,535 shares of the company's stock, valued at approximately $786,124.35. The trade was a 37.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Ambev Price Performance
Shares of ABEV opened at $3.23 on Friday. The company has a market cap of $50.83 billion, a P/E ratio of 16.97, a PEG ratio of 1.79 and a beta of 0.64. The stock has a fifty day moving average price of $3.12 and a 200 day moving average price of $2.88. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.03 and a quick ratio of 0.78. Ambev S.A. has a 12 month low of $2.10 and a 12 month high of $3.45.
Ambev (NYSE:ABEV - Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.05 EPS for the quarter, hitting analysts' consensus estimates of $0.05. The firm had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.38 billion. Ambev had a return on equity of 16.63% and a net margin of 17.69%. On average, research analysts forecast that Ambev S.A. will post 0.21 earnings per share for the current year.
Ambev Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 11th. Stockholders of record on Wednesday, June 24th will be paid a $0.0092 dividend. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $0.04 annualized dividend and a dividend yield of 1.1%. Ambev's dividend payout ratio is presently 57.89%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Modern Wealth Management LLC bought a new position in Ambev during the third quarter valued at about $25,000. Monument Capital Management bought a new position in Ambev during the fourth quarter valued at about $25,000. First Trust Advisors LP bought a new position in Ambev during the third quarter valued at about $25,000. Integrated Wealth Concepts LLC bought a new position in Ambev during the first quarter valued at about $26,000. Finally, IHT Wealth Management LLC bought a new position in Ambev during the fourth quarter valued at about $27,000. Institutional investors own 8.13% of the company's stock.
Wall Street Analysts Forecast Growth
ABEV has been the subject of several recent analyst reports. Wall Street Zen raised Ambev from a "hold" rating to a "buy" rating in a research note on Saturday, May 9th. UBS Group increased their price target on Ambev from $2.65 to $2.90 and gave the stock a "sell" rating in a research note on Thursday, May 14th. Barclays increased their price target on Ambev from $3.00 to $3.50 and gave the stock an "equal weight" rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings cut Ambev from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, May 6th. Five investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus price target of $3.09.
Get Our Latest Report on ABEV
Ambev Company Profile
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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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