The PNC Financial Services Group Inc. Boosts Stock Position in Ambev S.A. (NYSE:ABEV)

The PNC Financial Services Group Inc. boosted its holdings in shares of Ambev S.A. (NYSE:ABEV) by 6.1% in the first quarter, Holdings Channel.com reports. The fund owned 97,002 shares of the company’s stock after acquiring an additional 5,584 shares during the quarter. The PNC Financial Services Group Inc.’s holdings in Ambev were worth $266,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of ABEV. Pinnacle Bancorp Inc. boosted its holdings in Ambev by 71.4% during the 1st quarter. Pinnacle Bancorp Inc. now owns 10,815 shares of the company’s stock valued at $30,000 after acquiring an additional 4,507 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of Ambev in the 1st quarter worth $33,000. Signaturefd LLC lifted its holdings in shares of Ambev by 48.8% in the 4th quarter. Signaturefd LLC now owns 12,369 shares of the company’s stock worth $38,000 after buying an additional 4,059 shares during the period. Tompkins Financial Corp purchased a new stake in shares of Ambev in the 4th quarter worth $40,000. Finally, WealthStone Inc. purchased a new stake in shares of Ambev in the 4th quarter worth $45,000. Institutional investors own 9.58% of the company’s stock.

Several equities research analysts have weighed in on the company. Bradesco Corretora upgraded Ambev from an “underperform” rating to a “neutral” rating in a report on Friday, March 5th. Scotiabank started coverage on Ambev in a report on Thursday, April 8th. They issued an “outperform” rating for the company. Zacks Investment Research raised Ambev from a “sell” rating to a “hold” rating in a research report on Tuesday, May 11th. Citigroup lowered Ambev from a “buy” rating to a “neutral” rating in a research report on Monday, April 26th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lowered Ambev from a “buy” rating to a “neutral” rating in a research report on Monday, April 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $3.60.

ABEV opened at $3.80 on Friday. The stock has a fifty day moving average of $3.15. Ambev S.A. has a 12 month low of $2.13 and a 12 month high of $3.95. The company has a market cap of $59.79 billion, a price-to-earnings ratio of 25.33, a price-to-earnings-growth ratio of 4.64 and a beta of 1.07. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.03.

Ambev (NYSE:ABEV) last announced its earnings results on Thursday, May 6th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.03. Ambev had a return on equity of 17.03% and a net margin of 20.69%. The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.72 billion. On average, research analysts forecast that Ambev S.A. will post 0.13 earnings per share for the current fiscal year.

Ambev Profile

Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks (CSD), other non-alcoholic beverages, malt, and food products in the Americas. It operates through three segments: Brazil; Central America and the Caribbean; Latin America South; and Canada. The company offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Brahva Gold, Extra, Budweiser, Bud Light, Stella Artois, Corona, Modelo Especial, Beck, Leffe, Hoegaarden, Bucanero, Cristal, Mayabe, Cacique, Presidente, Brahma Light, President Light, Bohemia, The One, Banks, Deputy, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Pilsen, Ouro Fino, Patricia, Michelob Ultra, Busch, Labatt Blue, Alexander Keith's, and Kokanee brands.

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Institutional Ownership by Quarter for Ambev (NYSE:ABEV)

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