Jeppson Wealth Management LLC Reduces Stake in Ambev S.A. (NYSE:ABEV)

Jeppson Wealth Management LLC lessened its position in shares of Ambev S.A. (NYSE:ABEV) by 31.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 55,500 shares of the company’s stock after selling 25,600 shares during the quarter. Jeppson Wealth Management LLC’s holdings in Ambev were worth $103,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. HTLF Bank purchased a new stake in shares of Ambev during the 3rd quarter valued at about $26,000. MCIA Inc purchased a new stake in Ambev during the third quarter valued at approximately $25,000. Wealthstream Advisors Inc. bought a new position in Ambev in the third quarter worth approximately $29,000. Riversedge Advisors LLC purchased a new position in shares of Ambev during the 3rd quarter worth $31,000. Finally, Foster Group Inc. bought a new stake in shares of Ambev during the 3rd quarter valued at $33,000. Institutional investors own 8.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on ABEV shares. Bank of America cut Ambev from a “buy” rating to a “neutral” rating in a report on Friday, January 17th. Barclays lowered their price objective on Ambev from $2.50 to $2.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. StockNews.com assumed coverage on shares of Ambev in a report on Monday. They issued a “buy” rating for the company. Finally, Citigroup reaffirmed a “neutral” rating on shares of Ambev in a report on Wednesday, January 22nd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $2.45.

Ambev Price Performance

Shares of Ambev stock opened at $1.84 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. Ambev S.A. has a 52 week low of $1.76 and a 52 week high of $2.72. The stock’s 50-day simple moving average is $2.01 and its 200-day simple moving average is $2.18. The company has a market capitalization of $28.91 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 5.44 and a beta of 1.05.

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. The ex-dividend date was Monday, December 23rd. This represents a yield of 1.93%. Ambev’s payout ratio is 38.89%.

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.