Barclays Cuts Ambev (NYSE:ABEV) Price Target to $2.00

Ambev (NYSE:ABEV) had its target price reduced by Barclays from $2.50 to $2.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an equal weight rating on the stock.

Other equities analysts also recently issued research reports about the company. StockNews.com assumed coverage on Ambev in a report on Sunday, January 19th. They issued a “buy” rating on the stock. Bank of America lowered shares of Ambev from a “buy” rating to a “neutral” rating in a research report on Friday, January 17th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $2.45.

Ambev Trading Up 1.4 %

Shares of Ambev stock opened at $1.83 on Tuesday. The firm has a market cap of $28.75 billion, a price-to-earnings ratio of 10.14, a price-to-earnings-growth ratio of 5.50 and a beta of 1.05. Ambev has a fifty-two week low of $1.76 and a fifty-two week high of $2.72. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. The business has a fifty day simple moving average of $2.02 and a 200-day simple moving average of $2.18.

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 paid a $0.0414 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This represents a dividend yield of 1.93%. Ambev’s payout ratio is 38.89%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ABEV. Massachusetts Financial Services Co. MA raised its stake in shares of Ambev by 0.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 42,904,893 shares of the company’s stock valued at $104,688,000 after purchasing an additional 226,238 shares in the last quarter. Seafarer Capital Partners LLC raised its position in Ambev by 6.3% in the third quarter. Seafarer Capital Partners LLC now owns 30,069,000 shares of the company’s stock worth $73,368,000 after purchasing an additional 1,770,000 shares in the last quarter. Brandes Investment Partners LP raised its position in Ambev by 23.9% in the second quarter. Brandes Investment Partners LP now owns 15,456,266 shares of the company’s stock worth $32,024,000 after purchasing an additional 2,982,621 shares in the last quarter. Kiltearn Partners LLP lifted its stake in Ambev by 43.3% during the second quarter. Kiltearn Partners LLP now owns 14,575,900 shares of the company’s stock worth $29,881,000 after purchasing an additional 4,407,800 shares during the period. Finally, Private Management Group Inc. boosted its holdings in Ambev by 43.8% during the third quarter. Private Management Group Inc. now owns 13,428,352 shares of the company’s stock valued at $32,765,000 after purchasing an additional 4,087,442 shares in the last quarter. 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.