Ambev S.A. ADR (NYSE:ABEV) has a beta value of 1.11 and has seen 18.61 million shares traded in the last trading session. The company, currently valued at $38.90B, closed the last trade at $2.47 per share which meant it lost -$0.04 on the day or -1.59% during that session. The ABEV stock price is -23.89% off its 52-week high price of $3.06 and 7.29% above the 52-week low of $2.29. If we look at the company’s 10-day average daily trading volume, we find that it stood at 16.04 million shares traded. The 3-month trading volume is 10.63 million shares.
Ambev S.A. ADR (NYSE:ABEV) trade information
Sporting -1.59% in the red in last session, the stock has traded in the red over the last five days, when the ABEV stock price touched $2.47 or saw a rise of 3.89%. Year-to-date, Ambev S.A. ADR shares have moved -11.79%, while the 5-day performance has seen it change -3.52%. Over the past 30 days, the shares of Ambev S.A. ADR (NYSE:ABEV) have changed -3.14%. Short interest in the company has seen 3.88 million shares shorted with days to cover at 0.59.
Ambev S.A. ADR (ABEV) estimates and forecasts
Figures show that Ambev S.A. ADR shares have underperformed across the wider relevant industry. The company’s shares have lost -4.59% over the past 6 months, with this year growth rate of 0.00%, compared to 9.60% for the industry. Revenue growth from the last financial year stood is estimated to be 0.30%.
2 analysts offering their estimates for the company have set an average revenue estimate of $3.96 billion for the current quarter. 2 have an estimated revenue figure of $3.74 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $3.95 billion and $3.82 billion respectively for this quarter and the next, and analysts expect sales will grow by 0.10% for the current quarter and -2.00% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -0.78% over the past 5 years. Earnings growth for 2024 is a modest -4.76% while over the next 5 years, the company’s earnings are expected to increase by 6.60%.
ABEV Dividends
Ambev S.A. ADR is expected to release its next earnings report in April this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.15 at a share yield of 6.11%. The company’s dividend yield has gone up over the past 12 months.
Ambev S.A. ADR (NYSE:ABEV)’s Major holders
Insiders own 0.00% of the company shares, while shares held by institutions stand at 8.65% with a share float percentage of 8.65%. Investors are also buoyed by the number of investors in a company, with Ambev S.A. ADR having a total of 451 institutions that hold shares in the company. The top two institutional holders are First Eagle Investment Management, LLC with over 311.64 million shares worth more than $991.02 million. As of Jun 29, 2023, First Eagle Investment Management, LLC held 1.98% of shares outstanding.
The other major institutional holder is Harding Loevner LLC, with the holding of over 116.53 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $370.56 million and represent 0.74% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are First Eagle Global Fund and First Eagle Overseas Fund. As of Jul 30, 2023, the former fund manager holds about 0.95% shares in the company for having 149.62 million shares of worth $466.81 million while later fund manager owns 74.79 million shares of worth $233.34 million as of Jul 30, 2023, which makes it owner of about 0.47% of company’s outstanding stock.
