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

Ambev S.A. (NYSE:ABEV) has been assigned a consensus rating of “Hold” from the five ratings firms that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $2.45.

Several brokerages recently weighed in on ABEV. Barclays reduced their target price on shares of Ambev from $2.50 to $2.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Citigroup reaffirmed a “neutral” rating on shares of Ambev in a report on Wednesday, January 22nd. StockNews.com began coverage on shares of Ambev in a report on Monday, January 27th. They issued a “buy” rating on the stock. Finally, Bank of America cut shares of Ambev from a “buy” rating to a “neutral” rating in a report on Friday, January 17th.

Ambev Stock Up 0.8 %

Shares of ABEV opened at $1.93 on Friday. The stock has a market capitalization of $30.33 billion, a PE ratio of 10.69, a P/E/G ratio of 5.77 and a beta of 1.04. Ambev has a 1 year low of $1.76 and a 1 year high of $2.72. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 1.20. The company’s 50-day simple moving average is $1.87 and its 200-day simple moving average is $2.14.

Ambev Cuts Dividend

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

Hedge Funds Weigh In On Ambev

Hedge funds have recently added to or reduced their stakes in the stock. MCIA Inc purchased a new position in Ambev in the third quarter valued at approximately $25,000. Insight Inv LLC purchased a new position in Ambev in the fourth quarter valued at approximately $25,000. Generation Capital Management LLC purchased a new position in Ambev in the fourth quarter valued at approximately $28,000. Wealthstream Advisors Inc. purchased a new position in Ambev in the third quarter valued at approximately $29,000. Finally, Naviter Wealth LLC purchased a new position in Ambev in the fourth quarter valued at approximately $29,000. 8.13% of the stock is currently owned by hedge funds and other 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.