Marks Group Wealth Management Inc Sells 56,910 Shares of Ambev S.A. (NYSE:ABEV)

Marks Group Wealth Management Inc cut its holdings in Ambev S.A. (NYSE:ABEV) by 43.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 73,680 shares of the company’s stock after selling 56,910 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Ambev were worth $136,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in ABEV. Prime Capital Investment Advisors LLC grew its holdings in Ambev by 37.9% during the third quarter. Prime Capital Investment Advisors LLC now owns 17,685 shares of the company’s stock worth $43,000 after purchasing an additional 4,861 shares during the period. PDS Planning Inc lifted its position in shares of Ambev by 18.4% in the third quarter. PDS Planning Inc now owns 34,870 shares of the company’s stock valued at $85,000 after buying an additional 5,409 shares during the last quarter. Endowment Wealth Management Inc. boosted its stake in shares of Ambev by 21.6% during the 3rd quarter. Endowment Wealth Management Inc. now owns 31,525 shares of the company’s stock worth $77,000 after acquiring an additional 5,592 shares during the period. Ballentine Partners LLC increased its holdings in shares of Ambev by 9.2% during the 3rd quarter. Ballentine Partners LLC now owns 67,247 shares of the company’s stock worth $164,000 after acquiring an additional 5,677 shares during the last quarter. Finally, OneDigital Investment Advisors LLC raised its stake in Ambev by 45.1% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 19,227 shares of the company’s stock valued at $47,000 after acquiring an additional 5,979 shares during the period. 8.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ABEV shares. StockNews.com started coverage on shares of Ambev in a research report on Monday, January 27th. They set a “buy” rating for the company. Citigroup reaffirmed a “neutral” rating on shares of Ambev in a report on Wednesday, January 22nd. Bank of America cut shares of Ambev from a “buy” rating to a “neutral” rating in a report on Friday, January 17th. Finally, Barclays reduced their price objective on Ambev from $2.50 to $2.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $2.45.

Ambev Trading Down 0.3 %

Shares of Ambev stock opened at $1.85 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 1.20. The firm has a 50-day moving average of $1.93 and a 200-day moving average of $2.16. Ambev S.A. has a 52-week low of $1.76 and a 52-week high of $2.72. The stock has a market cap of $29.07 billion, a PE ratio of 10.25, a PEG ratio of 5.56 and a beta of 1.04.

Ambev Cuts Dividend

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

Ambev 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.