Ambev S.A. (NYSE:ABEV) Receives $2.45 Consensus PT from Brokerages

Shares of Ambev S.A. (NYSE:ABEV) have received an average recommendation of “Hold” from the five ratings firms that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $2.45.

A number of analysts have weighed in on ABEV shares. Barclays decreased their target price on shares of Ambev from $2.50 to $2.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. StockNews.com started coverage on shares of Ambev in a research report on Sunday, January 19th. They set a “buy” rating for the company. Bank of America lowered shares of Ambev from a “buy” rating to a “neutral” rating in a report on Friday, January 17th. Finally, Citigroup reiterated a “neutral” rating on shares of Ambev in a report on Wednesday, January 22nd.

Ambev Trading Down 1.4 %

NYSE ABEV opened at $1.80 on Wednesday. Ambev has a 12 month low of $1.76 and a 12 month high of $2.72. 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 firm has a market capitalization of $28.28 billion, a PE ratio of 9.97, a price-to-earnings-growth ratio of 5.44 and a beta of 1.05. The business’s 50-day moving average price is $2.01 and its two-hundred day moving average price is $2.18.

Ambev Cuts Dividend

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

Institutional Investors Weigh In On Ambev

Several hedge funds and other institutional investors have recently bought and sold shares of ABEV. Marshall Wace LLP grew its stake in shares of Ambev by 324.8% in the 2nd quarter. Marshall Wace LLP now owns 8,324,037 shares of the company’s stock valued at $17,064,000 after buying an additional 6,364,592 shares during the period. Kiltearn Partners LLP grew its stake in Ambev by 43.3% in the second quarter. Kiltearn Partners LLP now owns 14,575,900 shares of the company’s stock valued at $29,881,000 after acquiring an additional 4,407,800 shares during the period. Private Management Group Inc. raised its position in shares of Ambev by 43.8% during the third quarter. Private Management Group Inc. now owns 13,428,352 shares of the company’s stock worth $32,765,000 after purchasing an additional 4,087,442 shares during the period. Altrius Capital Management Inc bought a new position in shares of Ambev in the 3rd quarter worth $8,630,000. Finally, Allspring Global Investments Holdings LLC grew its position in Ambev by 33.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 13,236,234 shares of the company’s stock valued at $32,296,000 after purchasing an additional 3,322,952 shares during the period. 8.13% of the stock is owned by institutional investors.

Ambev Company 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.