ABEV Stock Summary and Trading Ideas (Ambev S.A. American Depositary Shares (Each Representing 1 Common Share) | NYSE:ABEV)

Ambev is the largest brewer in Latin America and the Caribbean and is Anheuser-Busch InBev's subsidiary in the region. It produces, distributes, and sells beer and PepsiCo products in Brazil and other Latin American countries and 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 AB InBev) a controlling interest of 61.8% as at the end of 2023.

Ambev S.A. American Depositary Shares (Each Representing 1 Common Share) trades on the NYSE stock market under the symbol ABEV.

As of April 25, 2024, ABEV stock price was flat at $2.32 with 1,257,184 million shares trading.

ABEV has a beta of 0.72, meaning it tends to be less sensitive to market movements. ABEV has a correlation of 0.19 to the broad based SPY ETF.

ABEV has a market cap of $36.50 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 $.06 earnings per share. This fell short of revenue expectation by $-414 million and exceeded earnings estimates by $.01.

In the last 3 years, ABEV stock traded as high as $3.95 and as low as $2.23.

The top ETF exchange traded funds that ABEV belongs to (by Net Assets): ILF, SPEM, VEU, AVEM, DFAE.

ABEV has underperformed the market in the last year with a return of -12.5%, while the SPY ETF gained +22.7%. In the last 3 month period, ABEV fell short of the market, returning -12.1%, while SPY returned +3.3%. However, in the most recent 2 weeks ABEV has outperformed the stock market by returning -2.5%, while SPY returned -2.8%.

ABEV support price is $2.29 and resistance is $2.35 (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.