Ambev (NYSE:ABEV) Earns Buy Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Ambev (NYSE:ABEVFree Report) in a research note issued to investors on Thursday morning. The brokerage issued a buy rating on the stock.

Ambev Stock Performance

Ambev stock opened at $1.77 on Thursday. Ambev has a fifty-two week low of $1.76 and a fifty-two week high of $2.82. The stock has a market cap of $27.88 billion, a price-to-earnings ratio of 9.83, a PEG ratio of 6.67 and a beta of 1.05. The stock’s 50 day simple moving average is $2.13 and its two-hundred day simple moving average is $2.21. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 1.20.

Ambev Cuts Dividend

The company also recently declared an annual dividend, which will be paid on Thursday, January 9th. Stockholders of record on Monday, December 23rd will be issued a dividend of $0.0414 per share. This represents a dividend yield of 1.93%. The ex-dividend date of this dividend is Monday, December 23rd. Ambev’s payout ratio is 38.89%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ABEV. Prime Capital Investment Advisors LLC boosted its holdings in Ambev by 37.9% in the third quarter. Prime Capital Investment Advisors LLC now owns 17,685 shares of the company’s stock worth $43,000 after purchasing an additional 4,861 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of Ambev by 25.0% in the 2nd quarter. National Bank of Canada FI now owns 24,489 shares of the company’s stock worth $50,000 after buying an additional 4,900 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Ambev by 37.4% in the third quarter. UMB Bank n.a. now owns 18,324 shares of the company’s stock worth $45,000 after acquiring an additional 4,984 shares during the period. PDS Planning Inc increased its position in Ambev by 18.4% during the third quarter. PDS Planning Inc now owns 34,870 shares of the company’s stock valued at $85,000 after acquiring an additional 5,409 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its holdings in Ambev by 23.8% in the third quarter. Park Avenue Securities LLC now owns 28,787 shares of the company’s stock valued at $70,000 after acquiring an additional 5,526 shares during the period. 8.13% of the stock is owned by institutional investors.

Ambev Company Profile

(Get Free Report)

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.

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