Ambev S.A. (NYSE:ABEV) Receives $2.45 Average Price Target from Analysts

Ambev S.A. (NYSE:ABEV) has been assigned a consensus recommendation of “Hold” from the five analysts that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $2.45.

A number of equities research analysts recently issued reports on the company. StockNews.com started coverage on Ambev in a research note on Monday. They issued a “buy” rating on the stock. Bank of America lowered Ambev from a “buy” rating to a “neutral” rating in a research note on Friday, January 17th. Citigroup reissued a “neutral” rating on shares of Ambev in a research note on Wednesday, January 22nd. Finally, Barclays reduced their price target on Ambev from $2.50 to $2.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ABEV. American Century Companies Inc. raised its position in shares of Ambev by 6.2% in the 2nd quarter. American Century Companies Inc. now owns 1,798,559 shares of the company’s stock worth $3,687,000 after buying an additional 104,651 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Ambev by 3.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,129,849 shares of the company’s stock worth $10,516,000 after buying an additional 175,485 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in Ambev by 40.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 155,975 shares of the company’s stock valued at $318,000 after purchasing an additional 44,645 shares in the last quarter. XTX Topco Ltd acquired a new stake in Ambev in the 2nd quarter valued at $606,000. Finally, Pacer Advisors Inc. increased its holdings in Ambev by 53.1% in the 2nd quarter. Pacer Advisors Inc. now owns 909,529 shares of the company’s stock valued at $1,865,000 after purchasing an additional 315,640 shares in the last quarter. 8.13% of the stock is owned by hedge funds and other institutional investors.

Ambev Price Performance

ABEV stock opened at $1.86 on Wednesday. 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 stock’s 50 day moving average price is $2.00 and its 200 day moving average price is $2.18. The firm has a market cap of $29.22 billion, a P/E ratio of 10.31, a PEG ratio of 5.44 and a beta of 1.05.

Ambev Cuts Dividend

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

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.