Ambev (NYSE:ABEV) Now Covered by Analysts at StockNews.com

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

Ambev Trading Down 1.1 %

Shares of Ambev stock opened at $1.83 on Thursday. The stock has a fifty day moving average price of $2.14 and a 200-day moving average price of $2.21. 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 cap of $28.83 billion, a PE ratio of 10.17, a P/E/G ratio of 6.67 and a beta of 1.05. Ambev has a 1 year low of $1.81 and a 1 year high of $2.82.

Ambev Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Thursday, January 9th. Stockholders of record on Monday, December 23rd will be given a $0.0414 dividend. This represents a dividend yield of 1.93%. The ex-dividend date of this dividend is Monday, December 23rd. Ambev’s dividend payout ratio (DPR) is presently 38.89%.

Institutional Investors Weigh In On Ambev

A number of institutional investors and hedge funds have recently bought and sold shares of ABEV. MCIA Inc purchased a new position in shares of Ambev during the third quarter valued at approximately $25,000. HTLF Bank bought a new stake in Ambev in the 3rd quarter worth about $26,000. Wealthstream Advisors Inc. purchased a new position in shares of Ambev during the third quarter valued at approximately $29,000. Riversedge Advisors LLC bought a new stake in Ambev during the 3rd quarter worth approximately $31,000. Finally, Foster Group Inc. purchased a new position in Ambev during the third quarter valued at approximately $33,000. 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.