Ambev S.A. (NYSE:ABEV) Rating Reiterated by Barclays PLC

Barclays PLC restated their hold rating on shares of Ambev S.A. (NYSE:ABEV) in a research note issued to investors on Sunday, July 30th.

Separately, Zacks Investment Research upgraded shares of Ambev from a hold rating to a buy rating and set a $6.00 price objective on the stock in a research note on Monday, July 10th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $6.16.

Ambev (NYSE ABEV) traded up 1.16% during mid-day trading on Friday, reaching $6.12. 11,601,588 shares of the company were exchanged. The company has a market capitalization of $96.13 billion, a price-to-earnings ratio of 25.19 and a beta of 0.66. The company has a 50 day moving average of $5.83 and a 200-day moving average of $5.70. Ambev has a 1-year low of $4.70 and a 1-year high of $6.39.

Ambev (NYSE:ABEV) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.33 billion. Ambev had a net margin of 27.14% and a return on equity of 23.24%. On average, equities research analysts forecast that Ambev will post $0.23 EPS for the current year.

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The firm also recently disclosed a special dividend, which was paid on Monday, July 24th. Shareholders of record on Wednesday, June 28th were issued a $0.0493 dividend. The ex-dividend date was Monday, June 26th. This is an increase from Ambev’s previous special dividend of $0.03. Ambev’s payout ratio is currently 50.00%.

Several institutional investors have recently made changes to their positions in the stock. Vontobel Asset Management Inc. increased its position in shares of Ambev by 4.6% in the second quarter. Vontobel Asset Management Inc. now owns 168,685,140 shares of the company’s stock valued at $942,525,000 after buying an additional 7,409,229 shares during the period. Lazard Asset Management LLC boosted its stake in shares of Ambev by 5.1% in the first quarter. Lazard Asset Management LLC now owns 92,524,491 shares of the company’s stock worth $532,940,000 after buying an additional 4,527,340 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Ambev by 17.3% in the second quarter. JPMorgan Chase & Co. now owns 86,117,491 shares of the company’s stock worth $472,786,000 after buying an additional 12,723,137 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in shares of Ambev by 1.8% in the first quarter. OppenheimerFunds Inc. now owns 63,866,440 shares of the company’s stock worth $367,871,000 after buying an additional 1,148,134 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Ambev by 0.5% in the second quarter. Vanguard Group Inc. now owns 40,388,366 shares of the company’s stock valued at $221,732,000 after buying an additional 192,012 shares during the period. 7.73% of the stock is owned by institutional investors.

Ambev Company Profile

Ambev SA, formerly Inbev Participacoes Societarias SA, is a Brazil-based company engaged in the brewing sector. The Company produces and sells beer, carbonated soft drinks (CSDs) and other non-alcoholic and non-carbonated (NANC) beverages across the Americas. The Company’s activities are divided into three segments: Latin America North, including sell of beer, CSD and NANC drinks in Brazil, as well as operations in Dominican Republic, Saint Vincent, Antigua, Dominica, Guatemala, El Salvador, Nicaragua and Cuba; Latin America South, distributing products in Argentina, Bolivia, Paraguay, Uruguay, Chile, Ecuador, Peru and Colombia, and Canada, represented by Labatt’s operations, which comprises sales in Canada.

Analyst Recommendations for Ambev (NYSE:ABEV)

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