|Bid||2.7400 x 1100|
|Ask||2.7900 x 313300|
|Day's range||2.7350 - 2.7900|
|52-week range||1.9000 - 4.7500|
|Beta (5Y monthly)||0.77|
|PE ratio (TTM)||15.68|
|Forward dividend & yield||0.12 (4.35%)|
|Ex-dividend date||20 Dec 2019|
|1y target est||3.02|
Ambev (ABEV) saw a big move last session, as its shares jumped more than 7% on the day, amid huge volumes.
Today with us, we have Mr. Jean Jereissati, CEO for Ambev; and Mr. After Ambev's remarks are complete, there will be a question-and-answer session. Forward-looking statements are based on the beliefs and assumptions of Ambev's management and on information currently available to the company.
(Bloomberg) -- An emergency stipend provided by the Brazilian government to help informal workers weather the pandemic has also been helping boost beer consumption in Latin America’s largest economy.Ambev SA, the unit of Anheuser-Busch InBev that operates in 16 countries, said its Brazil beer volume surged 25% in the third quarter from a year earlier, crushing estimates from analysts tracked by Bloomberg. Net revenue totaled 15.6 billion reais ($2.7 billion), up from about 12 billion reais in the same period last year.Besides the positive impact of government subsidies, Ambev said the strong performance in Brazil also reflected the implementation of its pricing strategy. According to BTG Pactual’s analyst Thiago Duarte, a later-than-usual price hike possibly helped the company regain market share.The so-called “coronavoucher” started in April with a monthly payment of 600 reais and was set to expire in September, but was renewed until yearend at 300 reais a month.As the emergency aid flickers and competition heats up in 2021, Bradesco BBI sees room for Ambev’s margins to disappoint next year, according to analyst Leandro Fontanesi. He maintained a neutral rating and price target of 15.50 reais on Ambev.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.