StockNews.com assumed coverage on shares of Ambev (NYSE:ABEV - Free Report) in a report published on Tuesday morning. The brokerage issued a buy rating on the stock.
Other analysts have also recently issued research reports about the company. Citigroup reaffirmed a "neutral" rating on shares of Ambev in a research report on Wednesday, January 22nd. Bank of America downgraded Ambev from a "buy" rating to a "neutral" rating in a research report on Friday, January 17th. Barclays cut their price objective on Ambev from $2.50 to $2.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 21st. Finally, Morgan Stanley cut Ambev from an "equal weight" rating to an "underweight" rating in a research report on Monday, April 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $2.45.
Check Out Our Latest Research Report on Ambev
Ambev Price Performance
ABEV stock traded up $0.08 on Tuesday, hitting $2.41. 72,208,528 shares of the company's stock traded hands, compared to its average volume of 27,415,310. 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 market cap of $37.89 billion, a price-to-earnings ratio of 13.36, a P/E/G ratio of 5.80 and a beta of 0.68. Ambev has a 1-year low of $1.76 and a 1-year high of $2.56. The stock has a fifty day moving average of $2.18 and a 200-day moving average of $2.12.
Ambev (NYSE:ABEV - Get Free Report) last released its earnings results on Wednesday, February 26th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $4.63 billion during the quarter, compared to analysts' expectations of $22.42 billion. Ambev had a return on equity of 16.12% and a net margin of 17.02%. On average, analysts forecast that Ambev will post 0.18 EPS for the current fiscal year.
Ambev Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Tuesday, March 18th were paid a $0.0221 dividend. This represents a $0.09 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend was Tuesday, March 18th. Ambev's dividend payout ratio (DPR) is presently 52.94%.
Institutional Investors Weigh In On Ambev
A number of institutional investors and hedge funds have recently made changes to their positions in ABEV. State Street Corp lifted its position in shares of Ambev by 9.2% during the 3rd quarter. State Street Corp now owns 10,425,374 shares of the company's stock worth $25,438,000 after buying an additional 878,900 shares in the last quarter. Jane Street Group LLC increased its holdings in Ambev by 132.9% during the third quarter. Jane Street Group LLC now owns 1,976,147 shares of the company's stock worth $4,822,000 after buying an additional 1,127,719 shares during the last quarter. HighTower Advisors LLC boosted its stake in Ambev by 18.3% in the third quarter. HighTower Advisors LLC now owns 54,013 shares of the company's stock valued at $129,000 after acquiring an additional 8,350 shares during the last quarter. Stifel Financial Corp lifted its stake in Ambev by 298.1% in the third quarter. Stifel Financial Corp now owns 802,016 shares of the company's stock valued at $1,957,000 after purchasing an additional 600,545 shares during the last quarter. Finally, Private Management Group Inc. grew its holdings in Ambev by 8.1% during the fourth quarter. Private Management Group Inc. now owns 14,512,234 shares of the company's stock valued at $26,848,000 after purchasing an additional 1,083,882 shares during the period. Institutional investors and hedge funds own 8.13% of the company's stock.
About Ambev
(
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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