Ambev (NYSE:ABEV) Trading 5.8% Higher After Dividend Announcement

Ambev S.A. (NYSE:ABEV)’s share price was up 5.8% during mid-day trading on Thursday after the company announced a dividend. The stock traded as high as $2.13 and last traded at $2.11. Approximately 32,185,018 shares were traded during mid-day trading, a decline of 18% from the average daily volume of 39,059,348 shares. The stock had previously closed at $1.99.

The newly announced dividend which will be paid on Monday, April 14th. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.0221 per share. The ex-dividend date of this dividend is Tuesday, March 18th. Ambev’s dividend payout ratio (DPR) is currently 38.89%.

Analyst Ratings Changes

ABEV has been the subject of a number of recent research reports. Bank of America downgraded Ambev from a “buy” rating to a “neutral” rating in a research report on Friday, January 17th. Barclays dropped their price target on shares of Ambev from $2.50 to $2.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Citigroup reaffirmed a “neutral” rating on shares of Ambev in a research note on Wednesday, January 22nd. Finally, StockNews.com started coverage on shares of Ambev in a research report on Monday, January 27th. They set a “buy” rating for the company. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $2.45.

Ambev Stock Up 5.8 %

The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 1.20. The firm has a market capitalization of $33.16 billion, a price-to-earnings ratio of 11.69, a P/E/G ratio of 5.80 and a beta of 1.04. The business’s 50-day moving average is $1.86 and its two-hundred day moving average is $2.14.

Ambev (NYSE:ABEV) last posted its earnings results on Wednesday, February 26th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of $4.63 billion during the quarter, compared to analyst estimates of $22.42 billion. Ambev had a net margin of 17.02% and a return on equity of 16.12%. On average, equities analysts anticipate that Ambev S.A. will post 0.18 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Prime Capital Investment Advisors LLC boosted its stake 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 purchasing an additional 4,861 shares during the period. PDS Planning Inc grew its holdings in shares of Ambev by 18.4% during the third quarter. PDS Planning Inc now owns 34,870 shares of the company’s stock worth $85,000 after buying an additional 5,409 shares in the last quarter. Endowment Wealth Management Inc. lifted its stake in Ambev by 21.6% in the 3rd quarter. Endowment Wealth Management Inc. now owns 31,525 shares of the company’s stock valued at $77,000 after acquiring an additional 5,592 shares in the last quarter. Ballentine Partners LLC grew its stake in shares of Ambev by 9.2% during the 3rd quarter. Ballentine Partners LLC now owns 67,247 shares of the company’s stock worth $164,000 after acquiring an additional 5,677 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Ambev by 51.4% in the fourth quarter. NewEdge Advisors LLC now owns 17,084 shares of the company’s stock worth $32,000 after purchasing an additional 5,798 shares in the last quarter. Institutional investors own 8.13% of the company’s stock.

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.