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

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

Ambev Price Performance

Shares of NYSE:ABEV opened at $1.80 on Friday. 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 has a twelve month low of $1.76 and a twelve month high of $2.75. The company’s 50 day moving average is $2.08 and its 200 day moving average is $2.20. The company has a market cap of $28.28 billion, a PE ratio of 9.97, a price-to-earnings-growth ratio of 6.67 and a beta of 1.05.

Ambev Cuts Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ABEV. MCIA Inc acquired a new stake in Ambev in the 3rd quarter valued at $25,000. HTLF Bank acquired a new stake in shares of Ambev in the third quarter worth approximately $26,000. Wealthstream Advisors Inc. acquired a new position in Ambev in the 3rd quarter valued at $29,000. Riversedge Advisors LLC acquired a new stake in Ambev during the 3rd quarter worth $31,000. Finally, Foster Group Inc. acquired a new stake in shares of Ambev in the third quarter valued at about $33,000. 8.13% of the stock is owned by institutional investors and hedge funds.

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.