Ambev SA (ADR) Announces Special Dividend of $0.03 (ABEV)
Ambev SA (NASDAQ:ABEV) declared a special dividend on Thursday, July 17th, American Banking News.com reports. Stockholders of record on Thursday, July 31st will be given a dividend of 0.027 per share on Friday, September 5th. The ex-dividend date of this dividend is Tuesday, July 29th.
ABEV has been the subject of a number of recent research reports. Analysts at Credit Suisse downgraded shares of Ambev SA from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 10th. On a related note, analysts at Barclays set a $8.00 price target on shares of Ambev SA in a research note on Monday, June 9th. They now have an “overweight” rating on the stock. They noted that the move was a valuation call. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Ambev SA in a research note on Tuesday, June 3rd. They now have a $8.10 price target on the stock, up previously from $7.90. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $8.10.
Ambev SA (NASDAQ:ABEV) traded down 0.70% during mid-day trading on Thursday, hitting $7.13. The stock had a trading volume of 11,194,479 shares. Ambev SA has a 1-year low of $6.23 and a 1-year high of $8.054. The stock’s 50-day moving average is $7.09 and its 200-day moving average is $7.17. The company has a market cap of $111.7 billion and a P/E ratio of 21.63.
Ambev SA (NASDAQ:ABEV) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.07 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.07. On average, analysts predict that Ambev SA will post $0.36 earnings per share for the current fiscal year.
Ambev SA, known as Inbev Participacoes Societarias SA, is a Brazil-based company engaged in the brewers sector.
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