|Bid||2.8100 x 21500|
|Ask||2.8100 x 28000|
|Day's range||2.7700 - 2.8650|
|52-week range||2.4000 - 3.3200|
|Beta (5Y monthly)||0.66|
|PE ratio (TTM)||21.36|
|Forward dividend & yield||0.14 (5.89%)|
|Ex-dividend date||20 Dec 2022|
|1y target est||3.49|
Ambev SA said on Thursday it expects the cost of goods sold per hectoliter at its beer business in Brazil to rise by 6% to 9.9% in 2023, citing inflation levels and higher commodities prices. The announcement came as the Brazilian brewer reported a fourth quarter net profit of 5.08 billion reais ($980.81 million), up 35.7% from a year earlier and above an estimated 4.22 billion from analysts polled by Refinitiv. Net revenue rose 3.1% in the period to 22.69 billion reais, driven by a 1.5% increase in volumes sold, according to a securities filing.
Its products are sold all over the world and have been for the past several decades. Right now and for the foreseeable future though, Ambev S.A. (NYSE: ABEV) -- you may know it better as the parent to beer company Anheuser-Busch -- could prove a tough stock to stick with. Don't misunderstand: The beer business is hardly dying.
Boston Beer (SAM) is poised for growth on brand-building efforts, innovation and product portfolio expansion amid a slowdown in the hard seltzer category, supply-chain woes and inflationary impacts.