|Bid||2.7900 x 317000|
|Ask||2.8500 x 43500|
|Day's Range||2.7900 - 2.8600|
|52 Week Range||2.4200 - 3.3300|
|Beta (5Y Monthly)||0.90|
|PE Ratio (TTM)||17.81|
|Forward Dividend & Yield||0.11 (3.90%)|
|Ex-Dividend Date||Dec 20, 2021|
|1y Target Est||3.38|
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Brazilian brewer Ambev SA beat expectations on Thursday with a 4.6% rise in second-quarter net income, boosted by record sale volumes for the period and despite higher costs. "We see Ambev's second quarter as key for a positive change in the short/mid-term perceptions, as commodity prices are trending lower," they said. Ambev, a subsidiary of Belgium's Anheuser-Busch InBev SA , said total sale volumes grew by 6.1% in the period.
Yahoo Finance's Dave Briggs and Emily McCormick look at how beer stocks are performing after Goldman Sachs downgrades Sam Adams, upgrades Coors, and reiterates its 'Buy' rating for Constellation Brands.
The beer industry is made up of companies specializing in the production of beer, although many of them also produce other alcoholic and nonalcoholic beverages. As a result, the beer industry is part of the much broader consumer staples sector. According to a report by Technavio, the impact on the beer market growth has been neutral amid the economic shock from the COVID-19 pandemic.