Brokerages Set Ambev S.A. (NYSE:ABEV) Target Price at $3.08

by · The Markets Daily

Ambev S.A. (NYSE:ABEV – Get Free Report) has been given a consensus rating of “Reduce” by the six research firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $3.0767.

ABEV has been the subject of a number of analyst reports. UBS Group set a $2.85 target price on Ambev in a research note on Tuesday, August 11th. Scotiabank downgraded Ambev from a “sector outperform” rating to a “sector perform” rating in a research note on Wednesday, July 15th. Wall Street Zen lowered Ambev from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Ambev in a research report on Monday, August 3rd.

View Our Latest Research Report on Ambev

Ambev Trading Down 0.5%

Shares of Ambev stock opened at $3.00 on Monday. Ambev has a 52-week low of $2.10 and a 52-week high of $3.45. The company has a quick ratio of 0.76, a current ratio of 1.02 and a debt-to-equity ratio of 0.02. The company’s 50-day simple moving average is $2.99 and its 200-day simple moving average is $3.04. The firm has a market cap of $47.36 billion, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 2.20 and a beta of 0.64.

Ambev (NYSE:ABEV – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.04 EPS for the quarter, meeting analysts’ consensus estimates of $0.04. Ambev had a net margin of 18.47% and a return on equity of 17.48%. The firm had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $4.05 billion. As a group, equities research analysts anticipate that Ambev will post 0.2 earnings per share for the current year.

Ambev Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 11th. Stockholders of record on Wednesday, September 23rd will be paid a dividend of $0.0092 per share. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.2%. Ambev’s dividend payout ratio is 10.00%.

Insider Buying and Selling at Ambev

In other news, Director Manuel Moreira sold 468,040 shares of the stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $3.08, for a total value of $1,441,563.20. Following the completion of the transaction, the director owned 3,000,000 shares in the company, valued at $9,240,000. This trade represents a 13.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Institutional Trading of Ambev

A number of institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its holdings in Ambev by 18.1% in the first quarter. Royal Bank of Canada now owns 3,700,035 shares of the company’s stock valued at $10,804,000 after purchasing an additional 566,949 shares during the last quarter. First Eagle Investment Management LLC raised its stake in shares of Ambev by 0.7% during the 2nd quarter. First Eagle Investment Management LLC now owns 349,323,217 shares of the company’s stock worth $1,096,875,000 after buying an additional 2,338,660 shares during the last quarter. Cook & Bynum Capital Management LLC acquired a new position in shares of Ambev during the 2nd quarter worth $4,251,588. ARGA Investment Management LP boosted its position in shares of Ambev by 62.0% in the 1st quarter. ARGA Investment Management LP now owns 967,134 shares of the company’s stock worth $2,824,000 after buying an additional 370,112 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in Ambev by 61.5% during the 1st quarter. Assetmark Inc. now owns 872,694 shares of the company’s stock valued at $2,548,000 after acquiring an additional 332,425 shares in the last quarter. Hedge funds and other institutional investors own 8.13% of the company’s stock.

About Ambev

(Get Free Report)

Ambev SA is a Brazilian beverage company and one of the largest brewers in Latin America. The company produces, distributes and sells beer, carbonated soft drinks and other nonalcoholic beverages through a portfolio of local, regional and international brands.

Its beer portfolio includes brands such as Skol, Brahma, Antarctica, Bohemia, Original, Stella Artois and Budweiser, while its nonalcoholic beverage offerings include products marketed under brands such as Guaraná Antarctica and Pepsi.

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