In the last trading session, 32.37 million Ambev S.A. ADR (NYSE:ABEV) shares changed hands as the company’s beta touched 0.73. With the company’s per share price at $2.35 changed hands at $0.01 or 0.43% during last session, the market valuation stood at $36.96B. ABEV’s last price was a discount, traded about -6.81% off its 52-week high of $2.51. The share price had its 52-week low at $1.76, which suggests the last value was 25.11% up since then. When we look at Ambev S.A. ADR’s average trading volume, we note the 10-day average is 33.15 million shares, with the 3-month average coming to 37.58 million.
Analysts gave the Ambev S.A. ADR (ABEV) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.42. If we narrow down to specifics, the data shows that 1 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended ABEV as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Ambev S.A. ADR’s EPS for the current quarter is expected to be 0.04.
Ambev S.A. ADR (NYSE:ABEV) trade information
Instantly ABEV was in green as seen at the end of in last trading. With action 7.31%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 27.03%, with the 5-day performance at 7.31% in the green. However, in the 30-day time frame, Ambev S.A. ADR (NYSE:ABEV) is 23.68% up. Looking at the short shares, we see there were 38.29 million shares sold at short interest cover period of 1.35 days.
The consensus price target for the stock as assigned by Wall Street analysts is 2.57, meaning bulls need an upside of 8.56% from its current market value. According to analyst projections, ABEV’s forecast low is 2.57 with 2.57 as the target high. To hit the forecast high, the stock’s price needs a -9.36% plunge from its current level, while the stock would need to soar -9.36% for it to hit the projected low.
Ambev S.A. ADR (ABEV) estimates and forecasts
Year-over-year growth is forecast to reach 6.85% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 22.02B. 1 analysts are of the opinion that Ambev S.A. ADR’s revenue for the current quarter will be 21.68B. The company’s revenue for the corresponding quarters a year ago was 20.28B and 20.04B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 8.61%. The estimates for the next quarter sales put growth at 8.14%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -2.17%. The 2025 estimates are for Ambev S.A. ADR earnings to increase by 8.18%, but the outlook for the next 5-year period is at 8.29% per year.
ABEV Dividends
Ambev S.A. ADR is expected to release its next quarterly earnings report on 2025-Feb-25. The 4.61% annual yield figure for the share gives it an annual dividend of 0.11. It is important to note, however, that the 4.61% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 4.28 per year.
Ambev S.A. ADR (NYSE:ABEV)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.01% of Ambev S.A. ADR shares while 9.27% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 9.27%. There are 9.27% institutions holding the Ambev S.A. ADR stock share, with FIRST EAGLE INVESTMENT MANAGEMENT, LLC the top institutional holder. As of 2024-06-30, the company held 1.9711% of the shares, roughly 310.14 million ABEV shares worth $635.79 million.
HARDING LOEVNER LP holds the second largest percentage of outstanding shares, with 0.733% or 115.34 million shares worth $236.45 million as of 2024-06-30.
Among Mutual Funds, the top two as of Oct 31, 2024 were First Eagle Global Fund and Advisors Inner Circle Fund III-GQG Partners Emerging Markets Equity Fd . With 166.79 shares estimated at $391.96 million under it, the former controlled 1.06% of total outstanding shares. On the other hand, Advisors Inner Circle Fund III-GQG Partners Emerging Markets Equity Fd held about 0.65% of the shares, roughly 102.44 shares worth around $240.74 million.
