Zacks Investment Research lowered shares of AMBEV S A/S (NYSE:ABEV) from a buy rating to a hold rating in a research note issued to investors on Friday.

According to Zacks, “Companhia de Bebidas das Americas (AmBev), based in São Paulo, is engaged in producing, distributing and selling beer, carbonated soft drinks and other non-alcoholic and non-carbonated products in many countries across the Americas. It maintains an agreement with PepsiCo International, Inc. to bottle, sell and distribute Pepsi products in Brazil and in other Latin American countries, including Lipton Ice Tea, Gatorade, H2OH!, Propel and Frutzzz. AmBev conducts its operations through three business units: Latin America North, Latin America South and Canada. Latin America North includes its operations in Brazil, where it operates two divisions: beer sales and carbonated soft drinks and non-alcoholic non-carbonated sales; and its operations in its Hispanic Latin America Operations, excluding Latin America South, operations. Latin America South includes its Quinsa operations in the countries of Argentina, Bolivia, Paraguay, Uruguay and Chile. Canada, represented by Labatt, includes domestic sales in Canada. “

ABEV has been the subject of a number of other research reports. Bank of America cut shares of AMBEV S A/S from a neutral rating to an underperform rating and decreased their target price for the company from $5.40 to $4.00 in a research report on Thursday, October 25th. JPMorgan Chase & Co. cut shares of AMBEV S A/S from a neutral rating to an underweight rating in a research report on Thursday, October 25th. Finally, TheStreet raised shares of AMBEV S A/S from a c rating to a b- rating in a research report on Friday, February 1st. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $5.63.

NYSE:ABEV opened at $4.80 on Friday. AMBEV S A/S has a 52 week low of $3.77 and a 52 week high of $7.43. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.02 and a quick ratio of 0.82. The company has a market cap of $75.46 billion, a P/E ratio of 20.87, a PEG ratio of 2.28 and a beta of 0.73.

A number of institutional investors have recently modified their holdings of the business. GAM Holding AG increased its stake in AMBEV S A/S by 42.8% during the 4th quarter. GAM Holding AG now owns 338,000 shares of the company’s stock valued at $1,325,000 after purchasing an additional 101,300 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in AMBEV S A/S by 6.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 73,629,975 shares of the company’s stock valued at $288,629,000 after purchasing an additional 4,509,360 shares in the last quarter. Eagle Ridge Investment Management increased its stake in AMBEV S A/S by 5.3% during the 4th quarter. Eagle Ridge Investment Management now owns 508,789 shares of the company’s stock valued at $1,994,000 after purchasing an additional 25,728 shares in the last quarter. FDx Advisors Inc. increased its stake in AMBEV S A/S by 10.2% during the 4th quarter. FDx Advisors Inc. now owns 123,434 shares of the company’s stock valued at $484,000 after purchasing an additional 11,429 shares in the last quarter. Finally, Henry James International Management Inc. increased its stake in AMBEV S A/S by 540.4% during the 4th quarter. Henry James International Management Inc. now owns 154,045 shares of the company’s stock valued at $604,000 after purchasing an additional 129,989 shares in the last quarter. Institutional investors and hedge funds own 6.91% of the company’s stock.

AMBEV S A/S Company Profile

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

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