Ambev S.A. (NYSE:ABEV) has been given an average recommendation of “Buy” by the seven research firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $6.16.

Separately, Zacks Investment Research downgraded shares of Ambev from a “buy” rating to a “hold” rating in a research note on Monday, March 27th.

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Hedge funds have recently bought and sold shares of the stock. Two Sigma Investments LP boosted its stake in Ambev 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 in the last quarter. Quadrature Capital Ltd bought a new stake in Ambev during the fourth quarter valued at about $8,274,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Ambev during the fourth quarter valued at about $215,000. RMB Capital Management LLC bought a new stake in Ambev during the fourth quarter valued at about $108,000. Finally, Macquarie Group Ltd. boosted its stake in Ambev by 2.9% in the fourth quarter. Macquarie Group Ltd. now owns 236,500 shares of the company’s stock valued at $1,161,000 after buying an additional 6,600 shares in the last quarter. 7.75% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Ambev (NYSE:ABEV) opened at 5.94 on Friday. Ambev has a one year low of $4.70 and a one year high of $6.39. The firm has a market capitalization of $93.28 billion, a price-to-earnings ratio of 25.38 and a beta of 0.64. The stock has a 50 day moving average of $5.58 and a 200-day moving average of $5.61.

The business also recently declared a special dividend, which will be paid on Monday, July 24th. Investors of record on Wednesday, June 28th will be issued a $0.0493 dividend. The ex-dividend date is Monday, June 26th. This is a boost from Ambev’s previous special dividend of $0.03. Ambev’s dividend payout ratio is currently 50.00%.

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.

Analyst Recommendations for Ambev (NYSE:ABEV)

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