Ambev
ABEV

$2.11

0.48%

Market Cap: 33.2B

About: Ambev is the largest brewer in Latin America and the Caribbean and is Anheuser-Busch InBev's subsidiary in the region. It produces, distributes, and sells beer and PepsiCo products in Brazil and other Latin American countries and owns Argentina's largest brewer, Quinsa. Ambev was formed in 1999 through the merger of Brazil's two largest beverage companies, Brahma and Antarctica. In 2004, Ambev combined with Canadian brewer Labatt, giving Interbrew (now AB InBev) a controlling interest of 61.8% as at the end of 2023.

Employees: 42,774

0

Funds holding %

of 6,702 funds

–

Analysts bullish %

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

8% more repeat investments, than reductions

Existing positions increased: 116 | Existing positions reduced: 107

0% more funds holding in top 10

Funds holding in top 10: 4 [Q4 2023] → 4 (+0) [Q1 2024]

0.08% less ownership

Funds ownership: 8.1% [Q4 2023] → 8.02% (-0.08%) [Q1 2024]

2% less funds holding

Funds holding: 340 [Q4 2023] → 332 (-8) [Q1 2024]

12% less capital invested

Capital invested by funds: $3.57B [Q4 2023] → $3.13B (-$442M) [Q1 2024]

17% less first-time investments, than exits

New positions opened: 38 | Existing positions closed: 46

96% less call options, than puts

Call options by funds: $1.09M | Put options by funds: $29.2M

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Research analyst outlook

2 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$2.50

18%

upside

Avg. target

$2.75

30%

upside

High target

$3

42%

upside

2 analyst ratings

0 positive

0%

2 neutral

100%

0 negative

0%

Barclays Benjamin Theurer	18%upside $2.5	Equal-Weight Maintained	9 May 2024
Barclays Benjamin Theurer	42%upside $3	Equal-Weight Downgraded	4 Mar 2024

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Ambev S.A. (ABEV) Q1 2024 Earnings Call Transcript

Ambev S.A. (NYSE:ABEV ) Q1 2024 Results Conference Call May 8, 2024 11:30 AM ET Company Participants Jean Jereissati - Chief Executive Officer Lucas Lira - Chief Financial and Investor Relations Conference Call Participants Isabella Simonato - Bank of America Felipe Ucros - Scotia Rodrigo Alcantara - UBS Lucas Ferreira - JPMorgan Robert Ottenstein - Evercore ISI Ben Theurer - Barclays Renata Cabral - Citi Ricardo Alves - Morgan Stanley Operator Good morning, good afternoon, and thank you for waiting. We would like to welcome everyone to Ambev's 2024 First quarter Results Conference Call.

Ambev S.A. (ABEV) Q1 2024 Earnings Call Transcript

Ambev: Discounted Valuation Compared To Competitors Makes No Sense

Ambev's scale and global position is a major competitive advantage, as it mitigates specific risks in each country in which it operates. The company has good prospects for increasing margins due to the resilient nature of its market and the reduction in commodity prices that impact its cost. Despite presenting the highest efficiency and profitability among its competitors, the company is traded at a significant discount of 14.8% to its peers.

Ambev: Discounted Valuation Compared To Competitors Makes No Sense

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