Ambev S.A. (ABEV) to Issue — Dividend of $0.02 on July 17th

Ambev S.A. (NYSE:ABEV) announced a — dividend on Monday, May 12th, Wall Street Journal reports. Stockholders of record on Monday, May 19th will be given a dividend of 0.0219 per share on Thursday, July 17th. This represents a dividend yield of 5%. The ex-dividend date of this dividend is Monday, May 19th.

Ambev has a payout ratio of 83.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Ambev to earn $0.17 per share next year, which means the company should continue to be able to cover its $0.15 annual dividend with an expected future payout ratio of 88.2%.

Ambev Stock Performance

Shares of Ambev stock opened at $2.53 on Wednesday. The stock’s fifty day simple moving average is $2.36 and its 200 day simple moving average is $2.13. The company has a market capitalization of $39.87 billion, a PE ratio of 14.06, a PEG ratio of 5.80 and a beta of 0.80. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.02. Ambev has a 12 month low of $1.76 and a 12 month high of $2.64.

Ambev (NYSE:ABEV) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. The business had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $22.40 billion. Ambev had a net margin of 17.02% and a return on equity of 16.12%. On average, research analysts predict that Ambev will post 0.18 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on ABEV. Morgan Stanley lowered Ambev from an “equal weight” rating to an “underweight” rating in a research report on Monday, April 7th. Bank of America lowered Ambev from a “buy” rating to a “neutral” rating in a report on Friday, January 17th. Barclays raised their price objective on shares of Ambev from $2.00 to $2.50 and gave the company an “equal weight” rating in a research report on Monday. UBS Group downgraded Ambev from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 22nd. Finally, Citigroup reaffirmed a “neutral” rating on shares of Ambev in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $2.70.

About Ambev

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.