Ambev S.A. (ABEV) to Distribute Quarterly Dividend of $0.01 on January 11th

Ambev S.A. (NYSE:ABEV) announced a quarterly dividend on Tuesday, May 12th. Stockholders of record on Wednesday, June 24th will be paid a dividend of 0.0092 per share on Monday, January 11th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, June 24th.

Ambev has increased its dividend payment by an average of 0.2%annually over the last three years. Ambev has a dividend payout ratio of 11.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Ambev to earn $0.22 per share next year, which means the company should continue to be able to cover its $0.02 annual dividend with an expected future payout ratio of 9.1%.

Ambev Trading Up 0.2%

NYSE ABEV opened at $3.12 on Monday. The firm has a 50 day simple moving average of $3.15 and a 200-day simple moving average of $2.90. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.78 and a current ratio of 1.03. Ambev has a one year low of $2.10 and a one year high of $3.45. The firm has a market cap of $49.26 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 1.79 and a beta of 0.64.

Ambev (NYSE:ABEV) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. The firm had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.38 billion. Ambev had a net margin of 17.69% and a return on equity of 16.63%. Equities research analysts anticipate that Ambev will post 0.21 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Barclays boosted their price target on shares of Ambev from $3.00 to $3.50 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Weiss Ratings lowered Ambev from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Wall Street Zen upgraded Ambev from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, UBS Group boosted their target price on Ambev from $2.65 to $2.90 and gave the stock a “sell” rating in a research note on Thursday, May 14th. Five analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $3.09.

Ambev Company Profile

Ambev (NYSE: ABEV) is a Brazilian-based beverage company that produces, distributes and markets a broad portfolio of alcoholic and non-alcoholic drinks. The company’s core business centers on brewing and selling beer, alongside a range of soft drinks, bottled water, energy drinks and other malt-based beverages. Headquartered in São Paulo, Ambev operates an integrated value chain that covers manufacturing, packaging, logistics and commercial sales to retail, on-premise and institutional customers.

The company traces its origins to the 1999 merger of two historic Brazilian breweries, and later became part of the broader global brewing group through subsequent industry consolidations.