Ambev (NYSE:ABEV) Earns Buy Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Ambev (NYSE:ABEVFree Report) in a research report report published on Sunday. The firm issued a buy rating on the stock.

Separately, Bank of America lowered shares of Ambev from a “buy” rating to a “neutral” rating in a report on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $2.45.

Get Our Latest Stock Analysis on ABEV

Ambev Stock Up 2.5 %

Shares of NYSE:ABEV opened at $1.83 on Friday. Ambev has a 12 month low of $1.76 and a 12 month high of $2.72. The company’s 50-day moving average price is $2.04 and its two-hundred day moving average price is $2.19. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. The firm has a market cap of $28.75 billion, a P/E ratio of 10.14, a P/E/G ratio of 5.23 and a beta of 1.05.

Ambev Cuts Dividend

The firm also recently announced an annual dividend, which was paid on Thursday, January 9th. Stockholders of record on Monday, December 23rd were paid a $0.0414 dividend. This represents a dividend yield of 1.93%. The ex-dividend date of this dividend was Monday, December 23rd. Ambev’s dividend payout ratio (DPR) is presently 33.33%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. American Century Companies Inc. raised its holdings in Ambev by 6.2% during the 2nd quarter. American Century Companies Inc. now owns 1,798,559 shares of the company’s stock worth $3,687,000 after buying an additional 104,651 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Ambev by 3.5% in the second quarter. Envestnet Asset Management Inc. now owns 5,129,849 shares of the company’s stock valued at $10,516,000 after purchasing an additional 175,485 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Ambev by 40.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 155,975 shares of the company’s stock valued at $318,000 after purchasing an additional 44,645 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Ambev in the second quarter valued at approximately $606,000. Finally, Pacer Advisors Inc. raised its holdings in shares of Ambev by 53.1% in the second quarter. Pacer Advisors Inc. now owns 909,529 shares of the company’s stock valued at $1,865,000 after purchasing an additional 315,640 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.

Featured Stories

Receive News & Ratings for Ambev Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ambev and related companies with MarketBeat.com's FREE daily email newsletter.