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Will Ambev S.A. ADR (ABEV) benefit from Wall Street bulls Calls?

Ambev S.A. ADR (NYSE: ABEV) is -13.57% lower on its value in year-to-date trading and has touched a low of $2.29 and a high of $3.06 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ABEV stock was last observed hovering at around $2.48 in the last trading session, with the day’s loss setting it -0.06%.

Currently trading at $2.42, the stock is -3.51% and -5.90% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.23 million and changing -2.42% at the moment leaves the stock -9.12% off its SMA200. ABEV registered -10.77% loss for a year compared to 6-month gain of -0.31%. The firm has a 50-day simple moving average (SMA 50) of $0.46 and a 200-day simple moving average (SMA200) of $1.52.

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The stock witnessed a -2.81% loss in the last 1 month and extending the period to 3 months gives it a -14.18%, and is -2.02% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.64% over the week and 1.73% over the month.

Ambev S.A. ADR (ABEV) has around 43000 employees, a market worth around $38.11B and $15.97B in sales. Current P/E ratio is 13.20 and Fwd P/E is 12.35. Profit margin for the company is 18.19%. Distance from 52-week low is 5.45% and -20.99% from its 52-week high. The company has generated returns on investments over the last 12 months (17.38%).

Ambev S.A. ADR quarterly earnings per share for the current quarter are estimated at $0.04 with sales reaching $3.96B over the same period.The EPS is expected to shrink by -4.81% this year, but quarterly earnings will post 0.30% year-over-year. Quarterly sales are estimated to grow 0.10% in year-over-year returns.

Ambev S.A. ADR (ABEV) Top Institutional Holders

455 institutions hold shares in Ambev S.A. ADR (ABEV), with institutional investors hold 8.65% of the company’s shares. The shares outstanding are 15.75B, and float is at 15.75B with Short Float at 0.03%. Institutions hold 8.65% of the Float.

The top institutional shareholder in the company is First Eagle Investment Management, LLC with over 311.64 million shares valued at $991.02 million. The investor’s holdings represent 1.98% of the ABEV Shares outstanding. As of Jun 29, 2023, the second largest holder is Harding Loevner LLC with 116.53 million shares valued at $370.56 million to account for 0.74% of the shares outstanding. The other top investors are Westwood Global Investments, LLC which holds 103.95 million shares representing 0.66% and valued at over $330.57 million, while Sprucegrove Investment Management Ltd holds 0.51% of the shares totaling 79.81 million with a market value of $253.8 million.

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