Traders News Source released an analyst report with no obligation on listed firm Ambev SA (ADR)(NYSE:ABEV), a firm that distributes, sells and produces carbonated soft drinks, beer and other non-carbonated and non-alcoholic offerings in 18 nations across the Americas. The firm is part of Anheuser-Busch InBEV, the leading international brewery group, which holds around 60% of the firm’s outstanding shares.
The details
In the preceding year, Ambev stock price has traded erratically, mainly due to political turmoil in Brazil. Large sell-offs usually lined up with main news developments. The stock recorded as low as $4.70 in last December, but recently made 52-week high of $6.82. So far in 2017, the shares have jumped almost 40%.
Last year, Brazil was one of the major beer markets by volume, reaching a projected 120 million hectolitres. Beer is mainly offered in bars for on premise consumption, while beer is also available in supermarkets for off-premise intake. The firm expects that its Brahma, Antarctica and Skol brands constitute two-thirds of the Brazilian beer industry.
Ambev boasts a well-diversified portfolio pertaining to geography and products. In addition to a leading position in the Brazilian beer segment, the firm has a robust foothold in the rest of Latin America and a consistent business in Canada. Regardless of some macroeconomic headwinds, the firm has recorded impressive first half results that are expected to see some progress in the second half.
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