Ambev S.A. (NYSE:ABEV) Stock Has Consensus Target Price of $3.13 According to Analysts

Shares of Ambev S.A. (NYSE:ABEV) have been assigned an average rating of “Reduce” from the six ratings firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $3.13.

A number of equities research analysts have recently commented on ABEV shares. UBS Group set a $2.85 price objective on shares of Ambev in a research note on Tuesday, August 11th. Weiss Ratings raised shares of Ambev from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. Bank of America reissued an “underperform” rating and set a $3.30 target price on shares of Ambev in a research note on Wednesday, October 7th. Scotiabank lowered shares of Ambev from a “sector outperform” rating to a “sector perform” rating in a report on Wednesday, July 15th. Finally, Wall Street Zen upgraded shares of Ambev from a “hold” rating to a “buy” rating in a report on Saturday.

Ambev Stock Performance

Shares of ABEV stock opened at $3.19 on Friday. The business’s 50 day simple moving average is $2.96 and its 200 day simple moving average is $3.05. Ambev has a one year low of $2.10 and a one year high of $3.45. The stock has a market capitalization of $50.36 billion, a PE ratio of 15.97, a PEG ratio of 2.01 and a beta of 0.58. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.02 and a quick ratio of 0.76.

Ambev (NYSE:ABEV) last released its earnings results on Wednesday, July 29th. The company reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $4.05 billion. Ambev had a net margin of 18.47% and a return on equity of 17.48%. As a group, research analysts forecast that Ambev will post 0.21 earnings per share for the current year.

Ambev Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 11th. Shareholders of record on Wednesday, September 23rd will be issued a dividend of $0.0092 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Wednesday, September 23rd. Ambev’s dividend payout ratio (DPR) is presently 15.00%.

More Ambev News

Here are the key news stories impacting Ambev this week:

• Positive Sentiment: Zacks identified Ambev as a potential growth stock, citing business attributes that could support stronger returns. The commentary may be encouraging investors looking for growth within the consumer-staples sector. Is Ambev a Solid Growth Stock?
• Positive Sentiment: Ambev’s balance sheet remains a relative strength, with debt-to-equity of just 0.02. The company also pays a modest dividend, supporting its appeal to income-oriented investors.
• Neutral Sentiment: Zacks compared Ambev’s performance with other consumer-staples companies, including Archer Daniels Midland, giving investors context on its year-to-date relative performance rather than introducing a new company-specific catalyst. Consumer Staples Performance Comparison
• Neutral Sentiment: Ambev reported no treasury-share transactions during September, indicating no recent buyback or share-issuance activity to influence the stock. No Treasury Share Transactions
• Negative Sentiment: Corporate Affairs Vice President Carla Smith de Va Crippa sold 60,757 shares for approximately $187,739, reducing her direct ownership by 42.95%. Although the sale was disclosed after the transaction, the sizable reduction can weigh on sentiment. Ambev Insider Share Sale
• Negative Sentiment: Brokerage sentiment remains cautious: Bank of America reaffirmed an “Underperform” rating with a $3.30 target, while the broader consensus is “Reduce,” with an average target of $3.13. This limits the upside implied by current valuation levels. Ambev Average Reduce Rating

Insider Activity

In other news, insider Carla Smith De Vasconcellos Crippa Prado sold 60,757 shares of the business’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $3.09, for a total value of $187,739.13. Following the transaction, the insider directly owned 80,707 shares of the company’s stock, valued at $249,384.63. The trade was a 42.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Manuel Moreira sold 468,040 shares of the company’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $3.08, for a total value of $1,441,563.20. Following the sale, the director owned 3,000,000 shares in the company, valued at approximately $9,240,000. The trade was a 13.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

Institutional Investors Weigh In On Ambev

Several large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its holdings in shares of Ambev by 18.1% during the 1st quarter. Royal Bank of Canada now owns 3,700,035 shares of the company’s stock worth $10,804,000 after buying an additional 566,949 shares in the last quarter. First Eagle Investment Management LLC grew its position in shares of Ambev by 0.7% during the 2nd quarter. First Eagle Investment Management LLC now owns 349,323,217 shares of the company’s stock worth $1,096,875,000 after buying an additional 2,338,660 shares during the period. Cook & Bynum Capital Management LLC acquired a new stake in shares of Ambev during the 2nd quarter worth approximately $4,251,588. Engineers Gate Manager LP grew its position in shares of Ambev by 712.8% during the 2nd quarter. Engineers Gate Manager LP now owns 1,837,660 shares of the company’s stock worth $5,770,000 after buying an additional 1,611,577 shares during the period. Finally, ARGA Investment Management LP grew its position in shares of Ambev by 62.0% during the 1st quarter. ARGA Investment Management LP now owns 967,134 shares of the company’s stock worth $2,824,000 after buying an additional 370,112 shares during the period. Institutional investors and hedge funds own 8.13% of the company’s stock.

Ambev Company Profile

Ambev SA is a Brazilian beverage company and one of the largest brewers in Latin America. The company produces, distributes and sells beer, carbonated soft drinks, nonalcoholic beverages and other drink products through a portfolio that includes brands such as Brahma, Skol, Antarctica, Bohemia, Budweiser, Stella Artois and Guaraná Antarctica.

Founded in 1999 through the merger of Companhia Antarctica Paulista and Companhia Cervejaria Brahma, Ambev became part of Anheuser-Busch InBev following the latter’s combination with Anheuser-Busch in 2008.