AMBEV S A/S (NYSE:ABEV) has received an average recommendation of “Hold” from the eight analysts that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $5.50.
ABEV has been the topic of a number of recent analyst reports. UBS Group downgraded AMBEV S A/S from a “buy” rating to a “sell” rating in a research report on Tuesday, October 2nd. Zacks Investment Research upgraded AMBEV S A/S from a “sell” rating to a “hold” rating in a research report on Friday, November 30th. Bank of America downgraded AMBEV S A/S from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $5.40 to $4.00 in a research report on Thursday, October 25th. JPMorgan Chase & Co. downgraded AMBEV S A/S from a “neutral” rating to an “underweight” rating in a research report on Thursday, October 25th. Finally, ValuEngine upgraded AMBEV S A/S from a “sell” rating to a “hold” rating in a research report on Friday, August 10th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ABEV. CIBC World Markets Inc. bought a new position in shares of AMBEV S A/S during the third quarter valued at about $103,000. Sawtooth Solutions LLC bought a new position in shares of AMBEV S A/S during the third quarter valued at about $104,000. Henry James International Management Inc. bought a new position in shares of AMBEV S A/S during the third quarter valued at about $110,000. One Wealth Advisors LLC bought a new position in shares of AMBEV S A/S during the third quarter valued at about $110,000. Finally, Millennium Management LLC bought a new position in shares of AMBEV S A/S during the first quarter valued at about $251,000. Institutional investors and hedge funds own 7.05% of the company’s stock.
Shares of ABEV stock traded down $0.09 on Monday, reaching $4.08. The company’s stock had a trading volume of 19,312,351 shares, compared to its average volume of 20,721,428. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.82 and a current ratio of 1.02. AMBEV S A/S has a 12-month low of $3.86 and a 12-month high of $7.43. The company has a market capitalization of $65.47 billion, a PE ratio of 17.74, a price-to-earnings-growth ratio of 2.03 and a beta of 0.54.
The company also recently declared a special dividend, which will be paid on Monday, January 7th. Shareholders of record on Thursday, December 20th will be given a dividend of $0.0828 per share. This is an increase from AMBEV S A/S’s previous special dividend of $0.04. The ex-dividend date of this dividend is Wednesday, December 19th. AMBEV S A/S’s dividend payout ratio (DPR) is presently 60.87%.
About AMBEV S A/S
Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks (CSD), other non-alcoholic beverages, malt, and food in the Americas. It operates through Latin America North, Latin America South, and Canada segments. The company offers beer primarily under the Skol, Brahma, Antarctic, Brahva, Brahva Gold, Extra, Budweiser, Bud Light, Stella Artois, Corona, Modelo Especial, Beck, Leffe, Hoegaarden, Presidente, Brahma Light, President Light, Bohemia, The One, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Báltica, Ouro Fino, Pilsen, Patricia, Labatt Blue, Alexander Keith's, Kokanee, Banks, and Deputy brands.
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