Ambev SA (NYSE:ABEV) declared a special dividend on Thursday, January 4th, Wall Street Journal reports. Investors of record on Friday, February 2nd will be given a dividend of 0.0215 per share on Monday, March 5th. The ex-dividend date is Thursday, February 1st.
Ambev has decreased its dividend by an average of 30.1% annually over the last three years and has increased its dividend every year for the last 2 years.
Ambev (NYSE:ABEV) traded up $0.16 during trading hours on Thursday, reaching $6.77. 11,530,752 shares of the company traded hands, compared to its average volume of 11,782,044. The firm has a market cap of $103,420.00, a P/E ratio of 37.06 and a beta of 0.71. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.08. Ambev has a twelve month low of $5.18 and a twelve month high of $7.03.
Several analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Ambev from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Evercore ISI set a $9.00 price objective on shares of Ambev and gave the company a “buy” rating in a research note on Sunday, October 15th. TheStreet lowered shares of Ambev from a “b” rating to a “c+” rating in a research note on Thursday, November 9th. BidaskClub lowered shares of Ambev from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Finally, Barclays restated an “equal weight” rating on shares of Ambev in a research note on Saturday, October 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Ambev presently has an average rating of “Hold” and a consensus price target of $7.83.
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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.
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