Ambev S.A. (NYSE:ABEV) Stock Rating Reaffirmed by Barclays PLC

Barclays PLC reiterated their hold rating on shares of Ambev S.A. (NYSE:ABEV) in a report published on Sunday, July 30th.

Separately, Zacks Investment Research raised Ambev from a hold rating to a buy rating and set a $6.00 price target for the company in a research note on Monday, July 10th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Ambev has an average rating of Hold and a consensus price target of $6.16.

Ambev (ABEV) traded up 0.65% during mid-day trading on Friday, hitting $6.23. The company had a trading volume of 15,536,565 shares. The stock’s 50 day moving average price is $5.93 and its 200 day moving average price is $5.72. Ambev has a 52-week low of $4.70 and a 52-week high of $6.39. The firm has a market cap of $97.86 billion, a P/E ratio of 25.64 and a beta of 0.66.

Ambev (NYSE:ABEV) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. The firm had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.33 billion. Ambev had a return on equity of 23.24% and a net margin of 27.14%. On average, equities research analysts predict that Ambev will post $0.23 EPS for the current fiscal year.

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The firm also recently announced a special dividend, which was paid on Monday, July 24th. Stockholders of record on Wednesday, June 28th were given a $0.0493 dividend. The ex-dividend date of this dividend was Monday, June 26th. This is a boost from Ambev’s previous special dividend of $0.03. Ambev’s dividend payout ratio (DPR) is 50.00%.

Several hedge funds have recently modified their holdings of ABEV. Advisory Services Network LLC boosted its stake in shares of Ambev by 1.0% in the second quarter. Advisory Services Network LLC now owns 179,401 shares of the company’s stock valued at $985,000 after buying an additional 1,700 shares during the period. Schafer Cullen Capital Management Inc. boosted its stake in shares of Ambev by 16.1% in the second quarter. Schafer Cullen Capital Management Inc. now owns 1,331,471 shares of the company’s stock valued at $7,310,000 after buying an additional 184,954 shares during the period. Cullen Capital Management LLC boosted its stake in shares of Ambev by 53.9% in the second quarter. Cullen Capital Management LLC now owns 900,250 shares of the company’s stock valued at $4,942,000 after buying an additional 315,420 shares during the period. Verition Fund Management LLC acquired a new stake in shares of Ambev during the second quarter valued at approximately $111,000. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of Ambev by 1.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 40,090 shares of the company’s stock valued at $220,000 after buying an additional 381 shares during the period. 7.50% of the stock is owned by institutional investors and hedge funds.

About Ambev

Ambev SA, formerly Inbev Participacoes Societarias SA, is a Brazil-based company engaged in the brewing sector. The Company produces and sells beer, carbonated soft drinks (CSDs) and other non-alcoholic and non-carbonated (NANC) beverages across the Americas. The Company’s activities are divided into three segments: Latin America North, including sell of beer, CSD and NANC drinks in Brazil, as well as operations in Dominican Republic, Saint Vincent, Antigua, Dominica, Guatemala, El Salvador, Nicaragua and Cuba; Latin America South, distributing products in Argentina, Bolivia, Paraguay, Uruguay, Chile, Ecuador, Peru and Colombia, and Canada, represented by Labatt’s operations, which comprises sales in Canada.

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