Ambev SA (ABEV) Plans $0.02 Special Dividend
Ambev SA (NYSE:ABEV) declared a special dividend on Thursday, January 4th, Wall Street Journal reports. Shareholders of record on Friday, February 2nd will be given a dividend of 0.0215 per share on Monday, March 5th. The ex-dividend date of this dividend is Thursday, February 1st.
Ambev (NYSE:ABEV) traded down $0.01 during midday trading on Thursday, reaching $6.64. The company’s stock had a trading volume of 10,704,029 shares, compared to its average volume of 13,627,877. The stock has a market cap of $104,520.00, a PE ratio of 36.94 and a beta of 0.71. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.95 and a quick ratio of 0.76. Ambev has a fifty-two week low of $4.98 and a fifty-two week high of $7.03.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research raised Ambev from a “sell” rating to a “hold” rating in a research report on Tuesday. BidaskClub lowered Ambev from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 28th. Barclays reaffirmed an “equal weight” rating and set a $7.00 target price (up from $6.00) on shares of Ambev in a research report on Friday, October 27th. Evercore ISI reaffirmed an “outperform” rating and set a $8.50 target price (up from $7.00) on shares of Ambev in a research report on Friday, October 13th. Finally, Credit Suisse Group raised Ambev from a “neutral” rating to an “outperform” rating in a research report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $7.83.
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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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