Neuberger Berman Group LLC Has $550,000 Stock Holdings in Ambev S.A. $ABEV

Neuberger Berman Group LLC increased its stake in shares of Ambev S.A. (NYSE:ABEV) by 891.3% during the second quarter, HoldingsChannel reports. The fund owned 228,227 shares of the company’s stock after buying an additional 205,204 shares during the period. Neuberger Berman Group LLC’s holdings in Ambev were worth $550,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ABEV. Abacus Wealth Partners LLC acquired a new position in shares of Ambev during the 2nd quarter worth approximately $25,000. Integrated Wealth Concepts LLC bought a new position in Ambev during the first quarter worth $26,000. EverSource Wealth Advisors LLC raised its holdings in Ambev by 2,224.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 12,248 shares of the company’s stock valued at $30,000 after acquiring an additional 11,721 shares during the period. Signaturefd LLC boosted its position in shares of Ambev by 63.2% in the second quarter. Signaturefd LLC now owns 12,712 shares of the company’s stock valued at $31,000 after acquiring an additional 4,924 shares during the period. Finally, Focus Partners Wealth acquired a new stake in Ambev during the first quarter worth approximately $33,000. Institutional investors own 8.13% of the company’s stock.

Ambev Trading Up 1.8%

Shares of Ambev stock opened at $2.55 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.15 and a quick ratio of 0.86. The firm has a market cap of $40.10 billion, a PE ratio of 14.14, a P/E/G ratio of 2.77 and a beta of 0.70. Ambev S.A. has a 1 year low of $1.76 and a 1 year high of $2.63. The stock has a fifty day moving average price of $2.38 and a 200-day moving average price of $2.34.

Ambev (NYSE:ABEV) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.04. Ambev had a net margin of 17.90% and a return on equity of 15.81%. The company had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.97 billion. Equities research analysts anticipate that Ambev S.A. will post 0.18 EPS for the current year.

Ambev Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Friday, January 9th. Stockholders of record on Monday, December 22nd will be paid a $0.049 dividend. The ex-dividend date is Monday, December 22nd. This represents a dividend yield of 1,322.0%. Ambev’s dividend payout ratio (DPR) is presently 27.78%.

Analyst Ratings Changes

Several analysts recently weighed in on ABEV shares. Zacks Research raised Ambev from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 30th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $2.88 target price on shares of Ambev in a research note on Wednesday, November 26th. UBS Group cut their price objective on shares of Ambev from $2.50 to $2.20 and set a “neutral” rating on the stock in a research report on Wednesday, August 20th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ambev in a report on Monday, December 8th. Nine equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $2.53.

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.