Ambev S.A. (NYSE:ABEV) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its stake in shares of Ambev S.A. (NYSE:ABEV) by 4.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 106,019 shares of the company’s stock after selling 5,220 shares during the period. PNC Financial Services Group Inc.’s holdings in Ambev were worth $297,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kiltearn Partners LLP increased its position in shares of Ambev by 234.8% during the fourth quarter. Kiltearn Partners LLP now owns 5,868,100 shares of the company’s stock worth $16,431,000 after acquiring an additional 4,115,300 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of Ambev by 25.8% in the 4th quarter. Quadrant Capital Group LLC now owns 89,154 shares of the company’s stock valued at $250,000 after purchasing an additional 18,310 shares in the last quarter. Scotia Capital Inc. raised its position in shares of Ambev by 1.3% in the 3rd quarter. Scotia Capital Inc. now owns 1,388,888 shares of the company’s stock valued at $3,583,000 after purchasing an additional 17,863 shares in the last quarter. Balentine LLC boosted its stake in shares of Ambev by 21.5% during the 4th quarter. Balentine LLC now owns 218,144 shares of the company’s stock valued at $611,000 after buying an additional 38,566 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Ambev by 338.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 18,602 shares of the company’s stock worth $52,000 after buying an additional 14,362 shares in the last quarter. 8.13% of the stock is owned by institutional investors and hedge funds.

Ambev Price Performance

Shares of NYSE ABEV opened at $2.05 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.99 and a quick ratio of 0.69. The firm has a market capitalization of $32.30 billion, a PE ratio of 10.79, a P/E/G ratio of 3.03 and a beta of 1.07. Ambev S.A. has a 1-year low of $2.01 and a 1-year high of $3.22. The business’s fifty day moving average price is $2.25 and its two-hundred day moving average price is $2.48.

Ambev (NYSE:ABEV) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. Ambev had a net margin of 18.25% and a return on equity of 17.53%. The firm had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4 billion. On average, research analysts expect that Ambev S.A. will post 0.18 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on ABEV. StockNews.com downgraded shares of Ambev from a “strong-buy” rating to a “buy” rating in a research note on Monday, June 24th. Barclays decreased their price target on Ambev from $3.00 to $2.50 and set an “equal weight” rating for the company in a research note on Thursday, May 9th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $2.68.

Ambev Company Profile

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt, and food products. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe and Hoegaarden, Bucanero, Cristal, Mayabe, Presidente, Presidente Light, Brahma Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith's, and Kokanee brands.