Ambev S.A. (NYSE:ABEV) Plans $0.01 Quarterly Dividend

Ambev S.A. (NYSE:ABEV) announced a quarterly dividend on Tuesday, May 12th. Investors of record on Wednesday, June 24th will be given a dividend of 0.0092 per share on Monday, January 11th. This represents a c) annualized dividend and a 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%per year over the last three years. Ambev has a payout ratio of 183.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Ambev to earn $0.22 per share next year, which means the company may not be able to cover its $0.33 annual dividend with an expected future payout ratio of 150.0%.

Ambev Stock Down 2.9%

Shares of NYSE:ABEV traded down $0.10 during midday trading on Wednesday, reaching $3.17. The company had a trading volume of 18,913,256 shares, compared to its average volume of 25,505,768. Ambev has a one year low of $2.10 and a one year high of $3.45. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.03 and a quick ratio of 0.78. The stock has a market capitalization of $49.89 billion, a P/E ratio of 16.66, a PEG ratio of 1.92 and a beta of 0.61. The stock’s fifty day moving average price is $3.00 and its 200-day moving average price is $2.76.

Ambev (NYSE:ABEV) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.38 billion. Ambev had a return on equity of 16.63% and a net margin of 17.69%. Equities research analysts expect that Ambev will post 0.2 earnings per share for the current fiscal year.

Insider Activity

In related news, insider De Lacerda Eduardo Cavalcanti sold 152,386 shares of the stock in a transaction on Friday, March 27th. The stock was sold at an average price of $2.85, for a total value of $434,300.10. Following the completion of the transaction, the insider owned 223,340 shares in the company, valued at $636,519. This trade represents a 40.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Institutional Investors Weigh In On Ambev

Large investors have recently made changes to their positions in the company. NewEdge Advisors LLC raised its position in shares of Ambev by 17.7% in the 4th quarter. NewEdge Advisors LLC now owns 23,578 shares of the company’s stock valued at $58,000 after acquiring an additional 3,553 shares during the period. CHICAGO TRUST Co NA grew its holdings in Ambev by 2.2% during the first quarter. CHICAGO TRUST Co NA now owns 173,886 shares of the company’s stock valued at $508,000 after purchasing an additional 3,702 shares during the period. Perigon Wealth Management LLC increased its stake in Ambev by 34.3% in the fourth quarter. Perigon Wealth Management LLC now owns 15,411 shares of the company’s stock valued at $38,000 after purchasing an additional 3,936 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Ambev by 7.1% in the first quarter. PNC Financial Services Group Inc. now owns 62,574 shares of the company’s stock worth $183,000 after purchasing an additional 4,121 shares during the period. Finally, Federation des caisses Desjardins du Quebec raised its holdings in Ambev by 4.4% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 100,451 shares of the company’s stock worth $248,000 after purchasing an additional 4,237 shares during the period. Institutional investors and hedge funds own 8.13% of the company’s stock.

About Ambev

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.