Burford Brothers Inc. Sells 172,781 Shares of Ambev S.A. $ABEV

Burford Brothers Inc. decreased its stake in Ambev S.A. (NYSE:ABEV) by 40.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 249,248 shares of the company’s stock after selling 172,781 shares during the quarter. Burford Brothers Inc.’s holdings in Ambev were worth $783,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Nykredit A S bought a new stake in Ambev in the second quarter worth $337,000. Rehmann Capital Advisory Group increased its position in Ambev by 37.5% during the second quarter. Rehmann Capital Advisory Group now owns 20,593 shares of the company’s stock valued at $65,000 after acquiring an additional 5,614 shares during the last quarter. Benjamin Edwards Inc. increased its position in Ambev by 18.8% during the second quarter. Benjamin Edwards Inc. now owns 164,967 shares of the company’s stock valued at $518,000 after acquiring an additional 26,097 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Ambev by 9.2% in the second quarter. Wellington Management Group LLP now owns 887,341 shares of the company’s stock valued at $2,786,000 after acquiring an additional 74,965 shares during the period. Finally, Empowered Funds LLC raised its stake in shares of Ambev by 16.0% in the second quarter. Empowered Funds LLC now owns 140,475 shares of the company’s stock valued at $441,000 after acquiring an additional 19,377 shares during the period. Hedge funds and other institutional investors own 8.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ABEV shares. Wall Street Zen cut shares of Ambev from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. UBS Group set a $2.85 price objective on shares of Ambev in a research note on Tuesday, August 11th. Weiss Ratings restated a “hold (c+)” rating on shares of Ambev in a research report on Monday, August 3rd. Finally, Scotiabank downgraded Ambev from a “sector outperform” rating to a “sector perform” rating in a report on Wednesday, July 15th. Five analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $3.08.

Ambev Trading Up 2.0%

NYSE ABEV opened at $3.05 on Friday. The stock has a market cap of $48.07 billion, a PE ratio of 15.25, a PEG ratio of 2.18 and a beta of 0.64. Ambev S.A. has a 12 month low of $2.10 and a 12 month high of $3.45. The company’s 50-day moving average price is $3.00 and its 200-day moving average price is $3.05. The company has a current ratio of 1.02, a quick ratio of 0.76 and a debt-to-equity ratio of 0.02.

Ambev (NYSE:ABEV) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.04. The company had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $4.05 billion. Ambev had a return on equity of 17.48% and a net margin of 18.47%. Equities research analysts forecast that Ambev S.A. will post 0.2 earnings per share for the current year.

Ambev Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 11th. Investors of record on Wednesday, September 23rd will be given a $0.0092 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, September 23rd. Ambev’s dividend payout ratio (DPR) is presently 10.00%.

Insider Buying and Selling

In related news, Director Manuel Moreira sold 468,040 shares of Ambev stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $3.08, for a total value of $1,441,563.20. Following the completion of the sale, the director directly owned 3,000,000 shares in the company, valued at $9,240,000. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

About Ambev

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.