Brokerages Set Ambev S.A. (NYSE:ABEV) PT at $2.45

Shares of Ambev S.A. (NYSE:ABEV) have earned a consensus recommendation of “Hold” from the five brokerages that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $2.45.

A number of brokerages recently issued reports on ABEV. Citigroup reissued a “neutral” rating on shares of Ambev in a report on Wednesday, January 22nd. Bank of America lowered shares of Ambev from a “buy” rating to a “neutral” rating in a report on Friday, January 17th. StockNews.com began coverage on shares of Ambev in a report on Monday, January 27th. They issued a “buy” rating for the company. Finally, Barclays dropped their price objective on shares of Ambev from $2.50 to $2.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st.

Ambev Trading Up 0.8 %

Shares of ABEV opened at $1.93 on Friday. 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 $2.72. The firm has a 50-day moving average price of $1.87 and a 200 day moving average price of $2.14. The firm has a market capitalization of $30.33 billion, a P/E ratio of 10.69, a P/E/G ratio of 5.77 and a beta of 1.04.

Ambev Cuts Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ABEV. GQG Partners LLC lifted its position in Ambev by 51.9% in the fourth quarter. GQG Partners LLC now owns 196,676,003 shares of the company’s stock valued at $363,851,000 after buying an additional 67,180,274 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Ambev by 1,641.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 19,001,985 shares of the company’s stock worth $35,154,000 after purchasing an additional 17,911,122 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Ambev by 201.7% during the fourth quarter. Bank of America Corp DE now owns 26,087,675 shares of the company’s stock worth $48,262,000 after purchasing an additional 17,440,564 shares in the last quarter. Two Sigma Advisers LP lifted its position in shares of Ambev by 329.6% during the fourth quarter. Two Sigma Advisers LP now owns 16,354,000 shares of the company’s stock worth $30,255,000 after purchasing an additional 12,546,800 shares in the last quarter. Finally, Two Sigma Investments LP lifted its position in shares of Ambev by 202.5% during the fourth quarter. Two Sigma Investments LP now owns 13,181,359 shares of the company’s stock worth $24,386,000 after purchasing an additional 8,823,911 shares in the last quarter. Institutional investors and hedge funds own 8.13% of the company’s stock.

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.