Ambev (NYSE:ABEV) Earns Buy Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Ambev (NYSE:ABEV) in a report released on Tuesday. The firm issued a buy rating on the stock.

Ambev Price Performance

Shares of NYSE:ABEV opened at $1.90 on Tuesday. The company’s fifty day moving average price is $2.20 and its 200-day moving average price is $2.22. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 0.89. The firm has a market capitalization of $29.93 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 6.67 and a beta of 1.05. Ambev has a one year low of $1.88 and a one year high of $2.85.

Ambev Cuts Dividend

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Franklin Resources Inc. grew its holdings in shares of Ambev by 5.5% during the 3rd quarter. Franklin Resources Inc. now owns 599,291 shares of the company’s stock valued at $1,402,000 after purchasing an additional 31,408 shares during the last quarter. Peapack Gladstone Financial Corp grew its stake in shares of Ambev by 268.7% during the third quarter. Peapack Gladstone Financial Corp now owns 52,344 shares of the company’s stock valued at $128,000 after buying an additional 38,146 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in shares of Ambev by 15.0% in the third quarter. Sanctuary Advisors LLC now owns 126,269 shares of the company’s stock worth $308,000 after buying an additional 16,500 shares during the period. Barclays PLC lifted its stake in shares of Ambev by 76.9% in the 3rd quarter. Barclays PLC now owns 52,625 shares of the company’s stock valued at $128,000 after acquiring an additional 22,880 shares during the last quarter. Finally, Rehmann Capital Advisory Group bought a new position in Ambev during the 3rd quarter worth approximately $48,000. 8.13% of the stock is owned by hedge funds and other institutional investors.

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.