Key Points
- Insider sale: Prado Carla Smith De Va Crippa sold 60,757 Ambev shares for approximately $187,739, reducing their direct ownership by 42.95% to 80,707 shares.
- Financial performance: Ambev matched analysts’ quarterly EPS estimate at $0.04, while revenue of $3.89 billion fell short of the $4.05 billion consensus estimate. The company reported an 18.47% net margin and 17.48% return on equity.
- Outlook and dividend: Ambev announced a quarterly dividend of $0.0092 per share, representing a 1.2% annualized yield. Analysts maintain a consensus “Reduce” rating, with an average price target of $3.13.
Ambev S.A. (NYSE:ABEV - Get Free Report) insider Prado Carla Smith De Va Crippa sold 60,757 shares of Ambev stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $3.09, for a total value of $187,739.13. Following the completion of the sale, the insider directly owned 80,707 shares in the company, valued at $249,384.63. This trade represents a 42.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Ambev Stock Up 1.1%
NYSE ABEV opened at $3.19 on Friday. The stock has a 50 day moving average price of $2.96 and a 200-day moving average price of $3.05. Ambev S.A. has a one year low of $2.10 and a one year high of $3.45. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.76 and a current ratio of 1.02. The company has a market capitalization of $50.20 billion, a P/E ratio of 15.92, a P/E/G ratio of 2.02 and a beta of 0.58.
Ambev (NYSE:ABEV - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. The company had revenue of $3.89 billion during the quarter, compared to analyst estimates of $4.05 billion. Ambev had a return on equity of 17.48% and a net margin of 18.47%. As a group, equities analysts predict that Ambev S.A. will post 0.2 EPS for the current fiscal year.
Ambev Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 11th. Shareholders of record on Wednesday, September 23rd will be paid a $0.0092 dividend. The ex-dividend date is Wednesday, September 23rd. This represents a $0.04 dividend on an annualized basis and a yield of 1.2%. Ambev's dividend payout ratio (DPR) is presently 15.00%.
Institutional Trading of Ambev
A number of institutional investors have recently made changes to their positions in ABEV. CHICAGO TRUST Co NA increased its holdings in Ambev by 2.2% in the first quarter. CHICAGO TRUST Co NA now owns 173,886 shares of the company's stock valued at $508,000 after buying an additional 3,702 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Ambev by 7.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 62,574 shares of the company's stock worth $183,000 after acquiring an additional 4,121 shares in the last quarter. Waverly Advisors LLC grew its position in shares of Ambev by 1.3% during the 2nd quarter. Waverly Advisors LLC now owns 349,336 shares of the company's stock valued at $1,097,000 after acquiring an additional 4,437 shares during the period. United Capital Financial Advisors LLC grew its position in shares of Ambev by 26.7% during the 2nd quarter. United Capital Financial Advisors LLC now owns 23,467 shares of the company's stock valued at $74,000 after acquiring an additional 4,941 shares during the period. Finally, Wynn Capital LLC increased its stake in shares of Ambev by 3.7% in the 2nd quarter. Wynn Capital LLC now owns 150,285 shares of the company's stock valued at $472,000 after purchasing an additional 5,420 shares in the last quarter. Institutional investors and hedge funds own 8.13% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have recently commented on ABEV shares. Bank of America reaffirmed an "underperform" rating and set a $3.30 target price on shares of Ambev in a research report on Wednesday. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Ambev in a research report on Monday, August 3rd. Wall Street Zen downgraded Ambev from a "buy" rating to a "hold" rating in a research report on Saturday, August 22nd. UBS Group set a $2.85 price objective on Ambev in a report on Tuesday, August 11th. Finally, Scotiabank lowered shares of Ambev from a "sector outperform" rating to a "sector perform" rating in a research note on Wednesday, July 15th. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Reduce" and an average target price of $3.13.
Read Our Latest Research Report on ABEV
About Ambev
(
Get Free Report)
Ambev SA is a Brazilian beverage company and one of the largest brewers in Latin America. The company produces, distributes and sells beer, carbonated soft drinks, nonalcoholic beverages and other drink products through a portfolio that includes brands such as Brahma, Skol, Antarctica, Bohemia, Budweiser, Stella Artois and Guaraná Antarctica.
Founded in 1999 through the merger of Companhia Antarctica Paulista and Companhia Cervejaria Brahma, Ambev became part of Anheuser-Busch InBev following the latter's combination with Anheuser-Busch in 2008.
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