Ambev is the largest brewer in Latin America by volume and the fourth- largest beer producer in the world. It produces, distributes, and sells beer and PepsiCo products in Brazil and other Latin American countries. It also owns Argentina's largest brewer, Quinsa. Ambev was formed in 1999 through the merger of Brazil's two largest beverage companies, Brahma and Antarctica. In 2004, Ambev combined with Canadian brewer Labatt, giving Interbrew (now Anheuser-Busch InBev) a controlling interest.
Ambev S.A. American Depositary Shares (Each Representing 1 Common Share) trades on the NYSE stock market under the symbol ABEV.
As of February 3, 2023, ABEV stock price declined to $2.51 with 32,203,368 million shares trading.
ABEV has a beta of 0.66, meaning it tends to be less sensitive to market movements. ABEV has a correlation of 0.16 to the broad based SPY ETF.
ABEV has a market cap of $39.49 billion. This is considered a Large Cap stock.
Last quarter Ambev S.A. American Depositary Shares (Each Representing 1 Common Share) reported $4 billion in Revenue and $.04 earnings per share. This beat revenue expectation by $10 million and exceeded earnings estimates by $.01.
In the last 3 years, ABEV stock traded as high as $4.20 and as low as $1.90.
The top ETF exchange traded funds that ABEV belongs to (by Net Assets): ILF, SPEM, VEU, KXI, AVEM.
ABEV has outperformed the market in the last year with a return of -2.0%, while the SPY ETF lost -6.3%. However, in the most recent history, ABEV shares have underperformed the stock market with its stock returning -13.8% in the last 3 month period and -3.5% for the last 2 week period, while SPY has returned +11.6% and +4.2%, respectively.
ABEV support price is $2.53 and resistance is $2.63 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ABEV stock will trade within this expected range on the day.