PDS Planning Inc Purchases 5,409 Shares of Ambev S.A. (NYSE:ABEV)

PDS Planning Inc increased its position in Ambev S.A. (NYSE:ABEV) by 18.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 34,870 shares of the company’s stock after acquiring an additional 5,409 shares during the quarter. PDS Planning Inc’s holdings in Ambev were worth $85,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of ABEV. HTLF Bank bought a new stake in shares of Ambev during the 3rd quarter valued at about $26,000. Lake Street Advisors Group LLC bought a new position in Ambev in the first quarter worth approximately $28,000. Riversedge Advisors LLC bought a new stake in shares of Ambev during the 3rd quarter valued at $31,000. Foster Group Inc. bought a new position in Ambev in the 3rd quarter worth $33,000. Finally, BSW Wealth Partners bought a new stake in Ambev during the third quarter valued at about $33,000. Hedge funds and other institutional investors own 8.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on ABEV. StockNews.com began coverage on shares of Ambev in a research note on Friday, October 18th. They set a “buy” rating on the stock. UBS Group dropped their target price on shares of Ambev from $3.20 to $2.90 and set a “buy” rating for the company in a report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $2.75.

Ambev Price Performance

ABEV stock opened at $2.22 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 1.20. The company has a market capitalization of $34.97 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 5.11 and a beta of 1.06. The company’s fifty day moving average price is $2.32 and its 200-day moving average price is $2.26. Ambev S.A. has a one year low of $2.01 and a one year high of $3.00.

Ambev Company Profile

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.