AMBEV S A/S (NYSE:ABEV) has received an average recommendation of “Hold” from the eight research firms that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $5.50.
Several brokerages have commented on ABEV. ValuEngine upgraded shares of AMBEV S A/S from a “sell” rating to a “hold” rating in a report on Thursday, August 16th. Zacks Investment Research upgraded shares of AMBEV S A/S from a “sell” rating to a “hold” rating in a report on Wednesday, November 7th. JPMorgan Chase & Co. lowered shares of AMBEV S A/S from a “neutral” rating to an “underweight” rating in a report on Thursday, October 25th. Bank of America lowered shares of AMBEV S A/S from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $5.40 to $4.00 in a report on Thursday, October 25th. Finally, UBS Group lowered shares of AMBEV S A/S from a “buy” rating to a “sell” rating in a report on Tuesday, October 2nd.
Hedge funds have recently added to or reduced their stakes in the company. CIBC World Markets Inc. purchased a new position in AMBEV S A/S in the 3rd quarter worth approximately $103,000. Sawtooth Solutions LLC purchased a new position in AMBEV S A/S in the 3rd quarter worth approximately $104,000. One Wealth Advisors LLC purchased a new position in AMBEV S A/S in the 3rd quarter worth approximately $110,000. Henry James International Management Inc. purchased a new position in AMBEV S A/S in the 3rd quarter worth approximately $110,000. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in AMBEV S A/S by 184.4% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 34,750 shares of the company’s stock worth $159,000 after acquiring an additional 22,530 shares during the last quarter. Hedge funds and other institutional investors own 7.05% of the company’s stock.
The firm also recently announced a special dividend, which will be paid on Monday, January 7th. Stockholders of record on Thursday, December 20th will be issued a dividend of $0.0828 per share. This is a positive change from AMBEV S A/S’s previous special dividend of $0.04. The ex-dividend date is Wednesday, December 19th. AMBEV S A/S’s dividend payout ratio (DPR) is presently 60.87%.
About AMBEV S A/S
Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks (CSD), other non-alcoholic beverages, malt, and food in the Americas. It operates through Latin America North, Latin America South, and Canada segments. The company offers beer primarily under the Skol, Brahma, Antarctic, Brahva, Brahva Gold, Extra, Budweiser, Bud Light, Stella Artois, Corona, Modelo Especial, Beck, Leffe, Hoegaarden, Presidente, Brahma Light, President Light, Bohemia, The One, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Báltica, Ouro Fino, Pilsen, Patricia, Labatt Blue, Alexander Keith's, Kokanee, Banks, and Deputy brands.
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