PDS Planning Inc Has $76,000 Stock Holdings in Ambev S.A. (NYSE:ABEV)

PDS Planning Inc raised its position in Ambev S.A. (NYSE:ABEV) by 18.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,244 shares of the company’s stock after buying an additional 6,374 shares during the quarter. PDS Planning Inc’s holdings in Ambev were worth $76,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MCIA Inc acquired a new stake in shares of Ambev during the 3rd quarter worth $25,000. Insight Inv LLC acquired a new stake in shares of Ambev during the 4th quarter worth $25,000. Naviter Wealth LLC acquired a new stake in shares of Ambev during the 4th quarter worth $29,000. Exchange Traded Concepts LLC acquired a new stake in shares of Ambev during the 4th quarter worth $30,000. Finally, Angeles Wealth Management LLC acquired a new stake in shares of Ambev during the 4th quarter worth $36,000. 8.13% of the stock is owned by institutional investors and hedge funds.

Ambev Stock Performance

NYSE:ABEV opened at $2.37 on Thursday. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $37.26 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 5.80 and a beta of 0.94. Ambev S.A. has a twelve month low of $1.76 and a twelve month high of $2.56. The stock’s 50-day simple moving average is $1.96 and its 200 day simple moving average is $2.12.

Ambev (NYSE:ABEV) last posted its earnings results on Wednesday, February 26th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $22.42 billion. Ambev had a net margin of 17.02% and a return on equity of 16.12%. On average, analysts anticipate that Ambev S.A. will post 0.18 EPS for the current fiscal year.

Ambev Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Tuesday, March 18th will be given a $0.0221 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.09 annualized dividend and a yield of 3.73%. Ambev’s dividend payout ratio is presently 52.94%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Bank of America lowered Ambev from a “buy” rating to a “neutral” rating in a report on Friday, January 17th. Citigroup reaffirmed a “neutral” rating on shares of Ambev in a research note on Wednesday, January 22nd. Barclays reduced their price objective on Ambev from $2.50 to $2.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Finally, StockNews.com started coverage on Ambev in a research note on Monday, January 27th. They issued a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $2.45.

About Ambev

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe, Hoegaarden, Balboa ICE, Balboa, Atlas Golden Light, Atlas, 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, Bud 66, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith’s, and Kokanee brands.