StockNews.com Initiates Coverage on Ambev (NYSE:ABEV)

StockNews.com initiated coverage on shares of Ambev (NYSE:ABEVFree Report) in a report issued on Monday. The brokerage issued a buy rating on the stock.

Several other equities analysts have also recently weighed in on ABEV. Barclays dropped 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. Bank of America cut shares of Ambev from a “buy” rating to a “neutral” rating in a research report on Friday, January 17th. Finally, Citigroup reissued 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $2.45.

Get Our Latest Stock Report on Ambev

Ambev Stock Performance

NYSE ABEV opened at $1.84 on Monday. Ambev has a 12-month low of $1.76 and a 12-month high of $2.72. The firm has a 50-day moving average price of $2.01 and a two-hundred day moving average price of $2.18. The company has a market capitalization of $28.91 billion, a P/E ratio of 10.19, a P/E/G ratio of 5.44 and a beta of 1.05. 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 Cuts Dividend

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

Institutional Trading of Ambev

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Prime Capital Investment Advisors LLC boosted its holdings in shares of Ambev by 37.9% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 17,685 shares of the company’s stock valued at $43,000 after acquiring an additional 4,861 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Ambev by 37.4% during the third quarter. UMB Bank n.a. now owns 18,324 shares of the company’s stock valued at $45,000 after purchasing an additional 4,984 shares in the last quarter. PDS Planning Inc grew its holdings in shares of Ambev by 18.4% during the third quarter. PDS Planning Inc now owns 34,870 shares of the company’s stock worth $85,000 after purchasing an additional 5,409 shares during the last quarter. Park Avenue Securities LLC increased its stake in shares of Ambev by 23.8% in the third quarter. Park Avenue Securities LLC now owns 28,787 shares of the company’s stock valued at $70,000 after buying an additional 5,526 shares during the period. Finally, Endowment Wealth Management Inc. raised its holdings in Ambev by 21.6% in the 3rd quarter. Endowment Wealth Management Inc. now owns 31,525 shares of the company’s stock valued at $77,000 after buying an additional 5,592 shares during the last quarter. Institutional investors own 8.13% of the company’s stock.

Ambev Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Ambev (NYSE:ABEV)

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