Ambev S.A. (NYSE:ABEV) Shares Bought by Comerica Bank

Comerica Bank grew its stake in Ambev S.A. (NYSE:ABEVGet Rating) by 3.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 301,065 shares of the company’s stock after purchasing an additional 10,510 shares during the period. Comerica Bank’s holdings in Ambev were worth $958,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ABEV. YorkBridge Wealth Partners LLC boosted its stake in shares of Ambev by 3.7% during the first quarter. YorkBridge Wealth Partners LLC now owns 105,062 shares of the company’s stock worth $339,000 after buying an additional 3,715 shares during the period. Pinnacle Wealth Planning Services Inc. lifted its position in Ambev by 14.3% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 40,039 shares of the company’s stock worth $129,000 after acquiring an additional 5,018 shares during the period. Kestra Advisory Services LLC lifted its position in Ambev by 34.4% during the 4th quarter. Kestra Advisory Services LLC now owns 19,707 shares of the company’s stock worth $55,000 after acquiring an additional 5,048 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Ambev by 8.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 98,063 shares of the company’s stock worth $275,000 after acquiring an additional 7,366 shares during the period. Finally, Advisor Group Holdings Inc. lifted its position in Ambev by 4.2% during the 4th quarter. Advisor Group Holdings Inc. now owns 208,380 shares of the company’s stock worth $582,000 after acquiring an additional 8,333 shares during the period. 8.48% of the stock is owned by hedge funds and other institutional investors.

Ambev Stock Up 1.8 %

ABEV opened at $2.88 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.04 and a quick ratio of 0.69. The business has a 50 day simple moving average of $2.68 and a 200-day simple moving average of $2.81. The stock has a market capitalization of $45.32 billion, a P/E ratio of 19.20, a P/E/G ratio of 2.03 and a beta of 1.12. Ambev S.A. has a 12 month low of $2.42 and a 12 month high of $3.38.

Ambev (NYSE:ABEVGet Rating) last posted its quarterly earnings results on Thursday, May 5th. The company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. The business had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.93 billion. Ambev had a return on equity of 16.87% and a net margin of 18.06%. On average, equities analysts anticipate that Ambev S.A. will post 0.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ABEV has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised Ambev from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 13th. TheStreet cut Ambev from a “b-” rating to a “c+” rating in a research report on Tuesday, July 5th. Finally, StockNews.com raised Ambev from a “hold” rating to a “buy” rating in a research report on Friday, May 20th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $3.50.

Ambev Profile

(Get Rating)

Ambev SA, through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt, and food products in the Americas. The company operates through four segments: Brazil; Central America and the Caribbean; Latin America South; and Canada.

Featured Stories

Want to see what other hedge funds are holding ABEV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ambev S.A. (NYSE:ABEVGet Rating).

Institutional Ownership by Quarter for Ambev (NYSE:ABEV)

Receive News & Ratings for Ambev Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ambev and related companies with MarketBeat.com's FREE daily email newsletter.