Ambev S.A. ADR (NYSE:ABEV) shares traded 0.41% higher at $2.46 on Wall Street last session.
In accordance with the data, 16 analysts cover Ambev S.A. ADR (NYSE:ABEV). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $5.00 and a low of $2.50, we find $3.54. Given the previous closing price of $2.45, this indicates a potential upside of 44.49 percent. ABEV stock price is now -8.96% away from the 50-day moving average and -12.08% away from the 200-day moving average. The market capitalization of the company currently stands at $38.74B.
It has been rated a hold by 3 analysts and a buy by 8. Brokers who have rated the stock have averaged $3.69 as their price target over the next twelve months.
A total of 0.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ABEV stock. A new stake in Ambev S.A. ADR shares was purchased by ORBIS ALLAN GRAY LTD during the first quarter worth $16,445,000. NORGES BANK invested $3,645,000 in shares of ABEV during the first quarter. In the first quarter, RHUMBLINE ADVISERS acquired a new stake in Ambev S.A. ADR valued at approximately $2,145,000. ASSENAGON ASSET MANAGEMENT S.A. acquired a new stake in ABEV for approximately $1,749,000. OPTIVER HOLDING B.V. purchased a new stake in ABEV valued at around $1,242,000 in the second quarter.
Ambev S.A. ADR (NYSE: ABEV) opened at $2.4500 on Friday. During the past 12 months, Ambev S.A. ADR has had a low of $2.40 and a high of $3.24. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 1.01, and a quick ratio of 0.65. According to the stock market information, the enterprise value for the company is $37.17B, which is based on a 14.15 price-to-earnings ratio, a 2.02 price-to-earnings-growth ratio, and a beta of 1.15. The fifty day moving average price for ABEV is $2.6928 and a two-hundred day moving average price translates $2.7974 for the stock.
The latest earnings results from Ambev S.A. ADR (NYSE: ABEV) was released for Jun, 2023. According to the Beverages – Brewers Company, earnings per share came in at $0.03, inline with analysts’ expectations of $0.03. This compares to $0.04 EPS in the same period last year. The net profit margin was 17.21% and return on equity was 16.15% for ABEV. The company reported revenue of $3.82 billion for the quarter, compared to $3.66 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.43 percent. For the current quarter, analysts expect ABEV to generate $4.23B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/06/2022. Investors who held shares on 12/21/2021 were paid a $0.023804 dividend. On an annualized basis, this represents a $0.14 dividend and a 5.81% percent yield. There was an ex-dividend date of 12/20/2021 for this dividend. In terms of dividend payout ratio, ABEV is presently at 68.98%.
Ambev S.A. ADR(ABEV) Company Profile
Ambev S.A., through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt, and food products. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe and Hoegaarden, 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, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith’s, and Kokanee brands. The company also provides carbonated soft drinks, bottled water, isotonic beverages, energy drinks, coconut water, powdered and natural juices, and ready-to-drink teas under the Guaraná Antarctica, Gatorade, H2OH!, Lipton Iced Tea, Fusion, Do Bem, Pepsi-Cola, Canada Dry, Squirt, Red Rock, Red Bull, Seven Up, Nutrl, Bud Light Seltzer, Palm Bay, and Mike’s brands. It offers its products through a network of third-party distributors and a direct distribution system. The company was founded in 1885 and is headquartered in São Paulo, Brazil. Ambev S.A. operates as a subsidiary of Interbrew International B.V.
