Riverbridge Partners LLC Sells 11,136 Shares of Ambev S.A. (NYSE:ABEV)

Riverbridge Partners LLC lessened its position in Ambev S.A. (NYSE:ABEV) by 30.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 25,815 shares of the company’s stock after selling 11,136 shares during the quarter. Riverbridge Partners LLC’s holdings in Ambev were worth $48,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ABEV. Baker Ellis Asset Management LLC acquired a new position in shares of Ambev in the fourth quarter valued at approximately $78,000. Atomi Financial Group Inc. grew its holdings in Ambev by 13.8% during the 4th quarter. Atomi Financial Group Inc. now owns 81,547 shares of the company’s stock worth $151,000 after acquiring an additional 9,866 shares during the last quarter. Perpetual Ltd grew its holdings in Ambev by 3.5% during the 4th quarter. Perpetual Ltd now owns 3,134,940 shares of the company’s stock worth $5,800,000 after acquiring an additional 105,819 shares during the last quarter. Aspiriant LLC raised its stake in shares of Ambev by 34.1% during the fourth quarter. Aspiriant LLC now owns 33,635 shares of the company’s stock valued at $62,000 after acquiring an additional 8,547 shares during the last quarter. Finally, Crossmark Global Holdings Inc. raised its stake in shares of Ambev by 17.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 113,416 shares of the company’s stock valued at $210,000 after acquiring an additional 16,833 shares during the last quarter. 8.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ABEV has been the subject of a number of recent research reports. StockNews.com started coverage on Ambev in a report on Sunday, January 19th. They issued a “buy” rating for the company. Citigroup reissued a “neutral” rating on shares of Ambev in a research note on Wednesday. Barclays cut their price objective on Ambev from $2.50 to $2.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Finally, Bank of America downgraded shares of Ambev from a “buy” rating to a “neutral” rating in a research report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Ambev currently has an average rating of “Hold” and an average target price of $2.45.

Ambev Stock Performance

ABEV stock opened at $1.83 on Friday. The firm has a market cap of $28.75 billion, a PE ratio of 10.14, a price-to-earnings-growth ratio of 5.50 and a beta of 1.05. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.02. The stock has a 50-day moving average price of $2.02 and a 200-day moving average price of $2.18. Ambev S.A. has a 1-year low of $1.76 and a 1-year high of $2.72.

Ambev Cuts Dividend

The firm also recently declared an annual dividend, which was paid on Thursday, January 9th. Shareholders of record on Monday, December 23rd were paid a $0.0414 dividend. This represents a yield of 1.93%. The ex-dividend date of this dividend was Monday, December 23rd. Ambev’s dividend payout ratio (DPR) is presently 38.89%.

About Ambev

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.