Ambev (ABEV)

• Market cap: $28.6B
• 1 day: 2.25%
• 5 days: 0.00%
• 1 month: -4.21%
• 3 months: -20.52%
• 6 months: -14.55%
• Year to date: -0.55%
• 1 year: -31.32%
• 5 years: -58.73%
• 10 years: -72.34%

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

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

100% more repeat investments, than reductions

Existing positions increased: 170 | Existing positions reduced: 85

80% more funds holding in top 10

Funds holding in top 10: 5 [Q2] → 9 (+4) [Q3]

71% more first-time investments, than exits

New positions opened: 60 | Existing positions closed: 35

27% more capital invested

Capital invested by funds: $2.57B [Q2] → $3.27B (+$700M) [Q3]

6% more funds holding

Funds holding: 354 [Q2] → 374 (+20) [Q3]

0.56% more ownership

Funds ownership: 7.95% [Q2] → 8.51% (+0.56%) [Q3]

30% less call options, than puts

Call options by funds: $5.05M | Put options by funds: $7.19M

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $2 10% upside
• Avg. target: $2 10% upside
• High target: $2 10% upside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

Barclays Benjamin Theurer 38% 1-year accuracy 13 / 34 met price target

10% upside $2

Equal-Weight Maintained

21 Jan 2025