Zacks Investment Research Downgrades Ambev SA (ABEV) to Hold

Ambev SA (NYSE:ABEV) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Monday.

According to Zacks, “Companhia de Bebidas das Americas (AmBev), based in São Paulo, is engaged in producing, distributing and selling beer, carbonated soft drinks and other non-alcoholic and non-carbonated products in many countries across the Americas. It maintains an agreement with PepsiCo International, Inc. to bottle, sell and distribute Pepsi products in Brazil and in other Latin American countries, including Lipton Ice Tea, Gatorade, H2OH!, Propel and Frutzzz. AmBev conducts its operations through three business units: Latin America North, Latin America South and Canada. Latin America North includes its operations in Brazil, where it operates two divisions: beer sales and carbonated soft drinks and non-alcoholic non-carbonated sales; and its operations in its Hispanic Latin America Operations, excluding Latin America South, operations. Latin America South includes its Quinsa operations in the countries of Argentina, Bolivia, Paraguay, Uruguay and Chile. Canada, represented by Labatt, includes domestic sales in Canada. “

Separately, Citigroup Inc lowered Ambev SA from a “buy” rating to a “neutral” rating in a research note on Friday, March 3rd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Ambev SA currently has an average rating of “Hold” and a consensus target price of $6.21.

Analyst Recommendations for Ambev SA (NYSE:ABEV)

Ambev SA (NYSE:ABEV) traded up 0.36% during trading on Monday, hitting $5.63. The company had a trading volume of 12,478,152 shares. The stock has a market capitalization of $88.39 billion, a price-to-earnings ratio of 21.99 and a beta of 0.72. Ambev SA has a 1-year low of $4.70 and a 1-year high of $6.34. The company’s 50 day moving average price is $5.57 and its 200-day moving average price is $5.50.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 2nd. Stockholders of record on Thursday, January 26th were given a dividend of $0.0213 per share. The ex-dividend date of this dividend was Tuesday, January 24th. This represents a $0.09 annualized dividend and a dividend yield of 1.51%.

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Several institutional investors have recently made changes to their positions in the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of Ambev SA during the fourth quarter valued at approximately $9,218,000. United Capital Financial Advisers LLC raised its position in shares of Ambev SA by 20.2% in the fourth quarter. United Capital Financial Advisers LLC now owns 28,440 shares of the company’s stock valued at $140,000 after buying an additional 4,787 shares during the period. Two Sigma Investments LP raised its position in shares of Ambev SA by 631.0% in the fourth quarter. Two Sigma Investments LP now owns 166,634 shares of the company’s stock valued at $818,000 after buying an additional 143,839 shares during the period. A.R.T. Advisors LLC purchased a new position in shares of Ambev SA during the fourth quarter valued at approximately $302,000. Finally, Parallel Advisors LLC purchased a new position in shares of Ambev SA during the fourth quarter valued at approximately $117,000. Hedge funds and other institutional investors own 7.33% of the company’s stock.

Ambev SA 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.

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