StockNews.com Initiates Coverage on Ambev (NYSE:ABEV)

StockNews.com started coverage on shares of Ambev (NYSE:ABEV) in a research report report published on Thursday. The brokerage issued a buy rating on the stock.

Ambev Trading Down 3.3 %

NYSE:ABEV opened at $1.77 on Thursday. 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 $27.88 billion, a price-to-earnings ratio of 9.83, a price-to-earnings-growth ratio of 6.67 and a beta of 1.05. Ambev has a one year low of $1.76 and a one year high of $2.82. The business has a fifty day moving average price of $2.13 and a 200-day moving average price of $2.21.

Ambev Cuts Dividend

The business also recently disclosed an annual dividend, which will be paid on Thursday, January 9th. Stockholders of record on Monday, December 23rd will be paid 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 currently 38.89%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Prime Capital Investment Advisors LLC increased its holdings in Ambev by 37.9% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 17,685 shares of the company’s stock worth $43,000 after acquiring an additional 4,861 shares in the last quarter. National Bank of Canada FI boosted its position in shares of Ambev by 25.0% in the second quarter. National Bank of Canada FI now owns 24,489 shares of the company’s stock worth $50,000 after purchasing an additional 4,900 shares during the period. UMB Bank n.a. increased its stake in shares of Ambev by 37.4% in the third quarter. UMB Bank n.a. now owns 18,324 shares of the company’s stock worth $45,000 after purchasing an additional 4,984 shares in the last quarter. PDS Planning Inc lifted its stake in shares of Ambev by 18.4% during the 3rd quarter. PDS Planning Inc now owns 34,870 shares of the company’s stock valued at $85,000 after buying an additional 5,409 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in Ambev by 23.8% in the 3rd quarter. Park Avenue Securities LLC now owns 28,787 shares of the company’s stock worth $70,000 after buying an additional 5,526 shares during the period. 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.