In the last trading session, 1,030,000,000 shares of the Ambev S.A. (NYSE:ABEV) were traded, and its beta was 0. Most recently the company’s share price was $2.76, and it changed around $0.04 or 0.01% from the last close, which brings the market valuation of the company to $42.68 Billion. ABEV currently trades at a discount to its 52-week high of $3.2, offering almost -15.94% off that amount. The share price’s 52-week low was $1.9, which indicates that the current value has risen by an impressive 31.16% since then. We note from Ambev S.A.’s average daily trading volume that its 10-day average is 13.53 Million shares, with the 3-month average coming to 23.89 Million.
Ambev S.A. stock received a consensus recommendation rating of Hold, based on a mean score of 3.2. If we narrow it down even further, the data shows that 3 out of 11 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 3 recommended ABEV as a Hold, whereas 4 deemed it a Buy, and no one rated it as Underweight. Ambev S.A. is expected to report earnings per share of $0.05 for the current quarter.
Ambev S.A. (NYSE:ABEV): Trading Information
Instantly ABEV has showed a green trend with a performance of 1.47% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $2.80- on Tuesday, Apr 06 increased the stock’s daily price by 1.43%. The company’s shares are currently down -0.1% year-to-date, but still up 0.0222 over the last five days. On the other hand, Ambev S.A. (NYSE:ABEV) is 0.02% up in the 30-day period. We can see from the shorts that 92.74 Million shares have been sold at a short interest cover period of 3.88 day (s).
The consensus price target as assigned by Wall Street analysts is $3.5, which translates to bears needing to increase their stock price by 26.81% from its current value. Analyst projections state that ABEV is forecast to be at a low of $2.5 and a high of $4.5. In order for the stock price to hit the forecast high, the stock would need to surge +63.04% from its current level, while the stock would need to crash -9.42% from its current level to reach the projected low.
Ambev S.A. (ABEV) projections and forecasts
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of $3.31 Billion in revenue for the current quarter. 1 analysts expect Ambev S.A. to make $2.46 Billion in revenue for the quarter ending in May 2021. The company’s sales for the same quarters a year ago were $3.85 Billion and $2.82 Billion respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -14%. Forecasts for the next quarter put sales growth at -12.8%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 39.83%. Ambev S.A. earnings are expected to decrease by -42.1% in 2021, but the outlook is negative -13.4% per year for the next five years.
ABEV Dividend Yield
The annual dividend yield of the stock is 0.52 percent and its annual dividend per share was $0.01. It is important to note, however, that the 0.52% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 2.72% per year.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
Ambev S.A. (NYSE:ABEV)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 0% of Ambev S.A. shares, and 8.85% of them are in the hands of institutional investors. The stock currently has a share float of 8.85%. Ambev S.A. stock is held by 375 institutions, with First Eagle Investment Management, LLC being the largest institutional investor. By Dec 30, 2020, it held 1.39% of the shares, which is about 218.88 Million shares worth $669.76 Million.
Harding Loevner LLC, with 1.02% or 160.81 Million shares worth $492.08 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
First Eagle Global Fund and Harding, Loevner Funds, Inc-International Equity Portfolio were the top two Mutual Funds as of Jan 30, 2021. The former held 103000000 shares worth $288.23 Million, making up 0.66% of all outstanding shares. On the other hand, Harding, Loevner Funds, Inc-International Equity Portfolio held roughly 75.28 Million shares worth around $210.04 Million, which represents about 0.48% of the total shares outstanding.