Ambev S.A. (NYSE: ABEV) stock jumped 2.08% on Wednesday to $2.94 against a previous-day closing price of $2.88. With 14.06 million shares changed hands, the volume of the stock remained lighter than its average volume of 17.92 million shares. During the session, the Beverages – Brewers company that operates in wider Consumer Defensive sector, reached to the highest price of $2.9600 whereas the lowest price it dropped to was $2.9100. The 52-week range on ABEV shows that it touched its highest point at $3.24 and its lowest point at $2.40 during that stretch. It currently has a 1-year price target of $3.61. With its current market cap of 47.13 billion, ABEV has annualized dividend of $0.14 while the current yield stands at 4.90%. Beta for the stock currently stands at 1.09.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ABEV was up-trending over the past week, with a rise of 1.03%, but this was up by 5.38% over a month. Three-month performance surged to 13.95% while six-month performance rose 0.68%. The stock gained 1.38% in the past year, while it has gained 8.09% so far this year. A look at the trailing 12-month EPS for ABEV yields 0.19 with Next year EPS estimates of 0.19. For the next quarter, that number is 0.03. This implies an EPS growth rate of 14.20% for this year and 11.80% for next year. EPS is expected to grow by 7.10% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 14.70%.
Float and Shares Shorts:
At present, 15.74 billion ABEV shares are outstanding with a float of 4.41 billion shares on hand for trading. On Apr 27, 2023, short shares totaled 26.08 million, which was 0.17% higher than short shares on Mar 30, 2023. In addition to Mr. Jean Jereissati Neto as the firm’s CEO & Member of Exec. Board, Mr. Lucas Machado Lira serves as its Member of Board of Exec. Officers, Chief Financial & IR and Shared Services Officer.
Institutional Ownership:
Through their ownership of 17.91% of ABEV’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 4.44% of ABEV, in contrast to 4.25% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in ABEV with 1.98% of the stake, First Eagle Investment Management holds 311,076,782 shares worth 311,076,782. A second-largest stockholder of ABEV, Harding Loevner LP, holds 121,310,335 shares, controlling over 0.77% of the firm’s shares. Westwood Global Investments LLC is the third largest shareholder in ABEV, holding 101,897,822 shares or 0.65% stake. With a 0.86% stake in ABEV, the First Eagle Global Fund is the largest stakeholder. A total of 135,881,898 shares are owned by the mutual fund manager. The First Eagle Overseas Fund, which owns about 0.45% of ABEV stock, is the second-largest Mutual Fund holder. It holds 70,219,934 shares valued at 196.62 million. Harding Loevner International Equ holds 0.41% of the stake in ABEV, owning 65,149,453 shares worth 182.42 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, ABEV reported revenue of $17.99B and operating income of $3.99B. The EBITDA in the recently reported quarter was $6.52B and diluted EPS was $0.19.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ABEV since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ABEV analysts setting a high price target of $5.00 and a low target of $2.70, the average target price over the next 12 months is $3.63. Based on these targets, ABEV could surge 70.07% to reach the target high and fall by -8.16% to reach the target low. Reaching the average price target will result in a growth of 23.47% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
