StockNews.com began coverage on shares of Ambev (NYSE:ABEV – Get Rating) in a research note released on Thursday morning. The firm issued a buy rating on the stock.
Separately, TheStreet upgraded Ambev from a c+ rating to a b rating in a research note on Friday, December 9th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of Buy.
Get Ambev alerts:Ambev Trading Down 1.1 %
Shares of NYSE:ABEV opened at $2.71 on Thursday. Ambev has a 12-month low of $2.42 and a 12-month high of $3.32. The business's fifty day simple moving average is $2.86 and its 200-day simple moving average is $2.86. The company has a market capitalization of $42.65 billion, a PE ratio of 16.94, a P/E/G ratio of 1.75 and a beta of 1.04. The company has a current ratio of 1.19, a quick ratio of 0.83 and a debt-to-equity ratio of 0.02.
Ambev (NYSE:ABEV – Get Rating) last announced its earnings results on Thursday, October 27th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. Ambev had a return on equity of 15.69% and a net margin of 16.58%. The firm had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.87 billion. As a group, equities research analysts predict that Ambev will post 0.15 earnings per share for the current fiscal year.Ambev Announces Dividend
The company also recently declared an annual dividend, which was paid on Monday, January 9th. Shareholders of record on Wednesday, December 21st were paid a dividend of $0.1457 per share. The ex-dividend date of this dividend was Tuesday, December 20th. This represents a yield of 3.8%. Ambev's payout ratio is presently 75.00%.
Institutional Trading of Ambev
Large investors have recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC acquired a new position in shares of Ambev in the 4th quarter valued at about $50,000. Mraz Amerine & Associates Inc. lifted its holdings in shares of Ambev by 29.8% in the 4th quarter. Mraz Amerine & Associates Inc. now owns 773,985 shares of the company's stock valued at $2,105,000 after buying an additional 177,758 shares during the period. Coldstream Capital Management Inc. acquired a new position in shares of Ambev in the 4th quarter valued at about $30,000. Symmetry Partners LLC acquired a new position in shares of Ambev in the 4th quarter valued at about $236,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Ambev by 7.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,117,457 shares of the company's stock valued at $8,822,000 after buying an additional 220,331 shares during the period. Hedge funds and other institutional investors own 8.75% of the company's stock.
About Ambev
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Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt, and food products. The company operates through four segments: Brazil; Central America and the Caribbean; Latin America South; and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Brahva Gold, Extra, Bud Light, Beck, Leffe and Hoegaarden, Bucanero, Cristal, Mayabe, Cacique, Presidente, Brahma Light, Presidente Light, Presidente Golden Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, and Budweiser, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith's, and Kokanee brands.
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