Ambev S.A. (NYSE:ABEV) Given Average Rating of “Reduce” by Brokerages

Shares of Ambev S.A. (NYSE:ABEV) have been given an average recommendation of “Reduce” by the seven research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $2.60.

ABEV has been the subject of several analyst reports. Barclays boosted their target price on shares of Ambev from $2.00 to $2.50 and gave the company an “equal weight” rating in a research note on Monday, May 12th. Hsbc Global Res upgraded shares of Ambev to a “hold” rating in a report on Friday, August 1st. HSBC reissued a “hold” rating on shares of Ambev in a research report on Friday, August 1st. Wall Street Zen started coverage on shares of Ambev in a research report on Wednesday, April 23rd. They set a “buy” rating on the stock. Finally, UBS Group boosted their price target on Ambev from $2.60 to $2.70 and gave the company a “neutral” rating in a report on Wednesday, June 4th.

Institutional Investors Weigh In On Ambev

A number of institutional investors have recently bought and sold shares of ABEV. Abacus Wealth Partners LLC purchased a new position in Ambev during the second quarter worth approximately $25,000. GAMMA Investing LLC increased its holdings in shares of Ambev by 468.4% during the 1st quarter. GAMMA Investing LLC now owns 10,998 shares of the company’s stock worth $26,000 after buying an additional 9,063 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Ambev in the 1st quarter worth $26,000. Perigon Wealth Management LLC purchased a new position in shares of Ambev in the 1st quarter worth $27,000. Finally, Generation Capital Management LLC acquired a new position in Ambev in the fourth quarter valued at $28,000. 8.13% of the stock is currently owned by hedge funds and other institutional investors.

Ambev Trading Up 0.9%

Shares of Ambev stock opened at $2.20 on Friday. Ambev has a 1 year low of $1.76 and a 1 year high of $2.63. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.11 and a quick ratio of 0.80. The business has a 50 day moving average price of $2.36 and a 200 day moving average price of $2.30. The company has a market capitalization of $34.67 billion, a P/E ratio of 13.75, a P/E/G ratio of 2.39 and a beta of 0.74.

Ambev (NYSE:ABEV) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.03. Ambev had a return on equity of 15.39% and a net margin of 16.18%. The company had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $21.84 billion. Sell-side analysts anticipate that Ambev will post 0.18 EPS for the current fiscal year.

Ambev Increases Dividend

The business also recently announced a — dividend, which will be paid on Tuesday, October 14th. Investors of record on Monday, August 11th will be given a $0.023 dividend. This is a boost from Ambev’s previous — dividend of $0.02. This represents a dividend yield of 660.0%. The ex-dividend date of this dividend is Monday, August 11th. Ambev’s dividend payout ratio is 31.25%.

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.