Ambev (NYSE:ABEV) Now Covered by StockNews.com

StockNews.com began coverage on shares of Ambev (NYSE:ABEV) in a report released on Tuesday. The firm issued a buy rating on the stock.

Ambev Price Performance

Shares of NYSE ABEV opened at $1.90 on Tuesday. The business’s fifty day moving average price is $2.20 and its 200-day moving average price is $2.22. Ambev has a one year low of $1.88 and a one year high of $2.85. The stock has a market capitalization of $29.93 billion, a PE ratio of 10.56, a P/E/G ratio of 6.67 and a beta of 1.05. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 0.89.

Ambev Cuts Dividend

The firm also recently declared an annual dividend, which will be paid on Thursday, January 9th. Stockholders of record on Monday, December 23rd will be given a $0.0414 dividend. This represents a dividend yield of 1.93%. The ex-dividend date is Monday, December 23rd. Ambev’s dividend payout ratio (DPR) is currently 38.89%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. HTLF Bank bought a new position in shares of Ambev in the third quarter valued at approximately $26,000. MCIA Inc purchased a new stake in Ambev in the 3rd quarter worth approximately $25,000. Wealthstream Advisors Inc. bought a new position in Ambev in the 3rd quarter valued at $29,000. Riversedge Advisors LLC purchased a new position in shares of Ambev during the 3rd quarter valued at $31,000. Finally, Foster Group Inc. bought a new position in shares of Ambev in the third quarter worth $33,000. 8.13% of the stock is currently owned by hedge funds and other institutional investors.

About Ambev

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.