Baron Wealth Management LLC Trims Stake in Ambev S.A. (NYSE:ABEV)

Baron Wealth Management LLC cut its stake in Ambev S.A. (NYSE:ABEV) by 57.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 23,056 shares of the company’s stock after selling 30,681 shares during the quarter. Baron Wealth Management LLC’s holdings in Ambev were worth $43,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. MCIA Inc purchased a new position in Ambev during the 3rd quarter valued at about $25,000. Insight Inv LLC purchased a new stake in Ambev in the fourth quarter worth about $25,000. HTLF Bank bought a new position in shares of Ambev during the third quarter valued at approximately $26,000. Wealthstream Advisors Inc. purchased a new position in shares of Ambev during the third quarter valued at approximately $29,000. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Ambev in the 4th quarter worth approximately $30,000. 8.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

ABEV has been the subject of a number of analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Ambev in a research report on Wednesday, January 22nd. StockNews.com assumed coverage on shares of Ambev in a research note on Monday. 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. Finally, Barclays dropped their target price 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. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Ambev currently has a consensus rating of “Hold” and a consensus price target of $2.45.

Ambev Trading Down 1.9 %

Ambev stock opened at $1.82 on Thursday. Ambev S.A. has a one year low of $1.76 and a one year high of $2.72. The business’s fifty day moving average is $1.99 and its 200 day moving average is $2.18. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 0.89. The stock has a market capitalization of $28.59 billion, a PE ratio of 10.08, a price-to-earnings-growth ratio of 5.44 and a beta of 1.05.

Ambev Cuts Dividend

The business also recently declared an annual dividend, which was paid on Thursday, January 9th. Stockholders of record on Monday, December 23rd were paid a $0.0414 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This represents a dividend yield of 1.93%. Ambev’s dividend payout ratio is presently 33.33%.

Ambev Company 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.