Ambev S.A. (NYSE:ABEV) Receives Average Rating of “Reduce” from Analysts

Shares of Ambev S.A. (NYSE:ABEV) have been given an average rating of “Reduce” by the eight analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $2.5267.

A number of equities analysts have recently weighed in on ABEV shares. Sanford C. Bernstein reiterated a “market perform” rating and set a $2.88 target price on shares of Ambev in a research note on Wednesday, November 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ambev in a research report on Monday, December 29th.

Institutional Investors Weigh In On Ambev

Several institutional investors have recently made changes to their positions in ABEV. Modern Wealth Management LLC bought a new position in Ambev during the 3rd quarter worth $25,000. Monument Capital Management bought a new position in shares of Ambev in the fourth quarter worth $25,000. First Trust Advisors LP acquired a new position in Ambev in the third quarter valued at about $25,000. Integrated Wealth Concepts LLC acquired a new position in Ambev in the first quarter valued at about $26,000. Finally, Bensler LLC bought a new stake in Ambev during the third quarter worth about $27,000. 8.13% of the stock is currently owned by institutional investors.

Ambev Trading Down 0.7%

ABEV stock opened at $2.78 on Friday. Ambev has a one year low of $1.80 and a one year high of $2.87. The stock has a market cap of $43.81 billion, a price-to-earnings ratio of 15.45, a price-to-earnings-growth ratio of 2.96 and a beta of 0.67. The company has a fifty day moving average price of $2.55 and a two-hundred day moving average price of $2.38. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.15 and a quick ratio of 0.86.

Ambev (NYSE:ABEV) last posted its earnings results on Thursday, October 30th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. The company had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $3.97 billion. Ambev had a net margin of 17.90% and a return on equity of 15.81%. Equities analysts anticipate that Ambev will post 0.18 EPS for the current year.

Ambev Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Friday, January 9th. Shareholders of record on Monday, December 22nd were issued a $0.049 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a yield of 1,465.0%. Ambev’s payout ratio is currently 183.33%.

Ambev Company Profile

Ambev (NYSE: ABEV) is a Brazilian-based beverage company that produces, distributes and markets a broad portfolio of alcoholic and non-alcoholic drinks. The company’s core business centers on brewing and selling beer, alongside a range of soft drinks, bottled water, energy drinks and other malt-based beverages. Headquartered in São Paulo, Ambev operates an integrated value chain that covers manufacturing, packaging, logistics and commercial sales to retail, on-premise and institutional customers.

The company traces its origins to the 1999 merger of two historic Brazilian breweries, and later became part of the broader global brewing group through subsequent industry consolidations.