Ambev S.A. (NYSE:ABEV) has been given an average recommendation of “Hold” by the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $6.20.

Several brokerages have recently weighed in on ABEV. Zacks Investment Research cut shares of Ambev from a “buy” rating to a “hold” rating in a research note on Monday, March 27th. Citigroup Inc. cut shares of Ambev from a “buy” rating to a “neutral” rating in a research note on Friday, March 3rd.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wedbush Securities Inc. boosted its position in Ambev by 2.2% in the first quarter. Wedbush Securities Inc. now owns 17,365 shares of the company’s stock worth $100,000 after buying an additional 369 shares during the period. Integrated Investment Consultants LLC boosted its position in Ambev by 11.6% in the first quarter. Integrated Investment Consultants LLC now owns 18,252 shares of the company’s stock worth $105,000 after buying an additional 1,895 shares during the period. RMB Capital Management LLC purchased a new position in Ambev during the fourth quarter worth $108,000. King Luther Capital Management Corp purchased a new position in Ambev during the first quarter worth $121,000. Finally, FFT Wealth Management LLC boosted its position in Ambev by 84.7% in the first quarter. FFT Wealth Management LLC now owns 23,489 shares of the company’s stock worth $135,000 after buying an additional 10,771 shares during the period. Institutional investors own 7.76% of the company’s stock.

Shares of Ambev (NYSE:ABEV) opened at 5.44 on Monday. The firm’s 50 day moving average price is $5.76 and its 200 day moving average price is $5.50. The stock has a market cap of $85.42 billion, a P/E ratio of 23.86 and a beta of 0.62. Ambev has a 52-week low of $4.70 and a 52-week high of $6.39.

The company also recently announced a special dividend, which will be paid on Monday, July 24th. Investors of record on Wednesday, June 28th will be paid a dividend of $0.0493 per share. This is a boost from Ambev’s previous special dividend of $0.03. The ex-dividend date is Monday, June 26th.

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About Ambev

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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