Todays Report: The Ambev SA (ABEV) To Go Ex-Dividend on November 1st

The Ambev SA (ABEV) To Go Ex-Dividend on November 1st

Ambev SA (NYSE:ABEV) declared a dividend on Tuesday, October 25th. Stockholders of record on Thursday, November 3rd will be paid a dividend of 0.0514 per share on Monday, December 5th. The ex-dividend date of this dividend is Tuesday, November 1st. This is a boost from Ambev SA’s previous dividend of $0.04.

Ambev SA (NYSE:ABEV) opened at 5.93 on Monday. The firm has a market capitalization of $93.32 billion, a PE ratio of 24.30 and a beta of 0.82. Ambev SA has a 12 month low of $3.86 and a 12 month high of $6.34. The stock’s 50 day moving average price is $6.06 and its 200 day moving average price is $5.76.

Several equities research analysts have recently weighed in on ABEV shares. TheStreet upgraded Ambev SA from a “hold” rating to a “buy” rating in a research note on Tuesday, August 9th. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $6.80 price objective on shares of Ambev SA in a research note on Monday, October 10th. Morgan Stanley lowered Ambev SA from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $6.00 to $6.40 in a research note on Thursday, August 18th. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered Ambev SA from a “buy” rating to a “hold” rating in a research note on Monday, July 4th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $6.05.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ingalls & Snyder LLC acquired a new position in shares of Ambev SA during the second quarter valued at approximately $197,000. UBS Asset Management Americas Inc. increased its position in shares of Ambev SA by 35.5% in the second quarter. UBS Asset Management Americas Inc. now owns 34,000 shares of the company’s stock valued at $201,000 after buying an additional 8,900 shares during the last quarter. Wetherby Asset Management Inc. increased its position in shares of Ambev SA by 27.6% in the second quarter. Wetherby Asset Management Inc. now owns 39,371 shares of the company’s stock valued at $233,000 after buying an additional 8,506 shares during the last quarter. US Bancorp DE increased its position in shares of Ambev SA by 3.1% in the second quarter. US Bancorp DE now owns 81,857 shares of the company’s stock valued at $484,000 after buying an additional 2,493 shares during the last quarter. Finally, Ativo Capital Management LLC increased its position in shares of Ambev SA by 46.4% in the second quarter. Ativo Capital Management LLC now owns 189,225 shares of the company’s stock valued at $1,118,000 after buying an additional 59,994 shares during the last quarter. 7.34% of the stock is currently owned by institutional investors and hedge funds.

Ambev SA Company Profile

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