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

StockNews.com began coverage on shares of Ambev (NYSE:ABEV) in a research note issued to investors on Saturday. The brokerage issued a buy rating on the stock.

Ambev Trading Up 0.8 %

Ambev stock opened at $1.80 on Friday. The firm has a market capitalization of $28.28 billion, a price-to-earnings ratio of 9.97, a P/E/G ratio of 6.67 and a beta of 1.05. Ambev has a 12-month low of $1.76 and a 12-month high of $2.75. The firm has a 50 day moving average of $2.08 and a 200 day moving average of $2.20. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.02.

Ambev Cuts Dividend

The business also recently declared an annual dividend, which was paid on Thursday, January 9th. Investors of record on Monday, December 23rd were given a $0.0414 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This represents a yield of 1.93%. Ambev’s dividend payout ratio is presently 33.33%.

Hedge Funds Weigh In On Ambev

A number of large investors have recently bought and sold shares of ABEV. Renaissance Technologies LLC raised its stake in Ambev by 27.7% in the second quarter. Renaissance Technologies LLC now owns 34,133,000 shares of the company’s stock worth $69,973,000 after buying an additional 7,412,395 shares in the last quarter. Marshall Wace LLP boosted its position in Ambev by 324.8% during the second quarter. Marshall Wace LLP now owns 8,324,037 shares of the company’s stock valued at $17,064,000 after purchasing an additional 6,364,592 shares in the last quarter. Kiltearn Partners LLP grew its stake in Ambev by 43.3% in the second quarter. Kiltearn Partners LLP now owns 14,575,900 shares of the company’s stock valued at $29,881,000 after purchasing an additional 4,407,800 shares during the last quarter. Sagil Capital LLP purchased a new stake in shares of Ambev during the second quarter valued at about $8,762,000. Finally, Private Management Group Inc. boosted its holdings in shares of Ambev by 43.8% in the 3rd quarter. Private Management Group Inc. now owns 13,428,352 shares of the company’s stock valued at $32,765,000 after buying an additional 4,087,442 shares in the last quarter. Hedge funds and other institutional investors own 8.13% of the company’s stock.

About Ambev

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.