StockNews.com started coverage on shares of Ambev (NYSE:ABEV – Free 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
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.
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