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Ambev SA ADR ABEV Stock Quote

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Morningstar‘s Stock Analysis ABEV

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Is it the right time to buy or sell?

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Ambev a Strong Franchise but Likely to Suffer Short-Term Margin Contraction

Business Strategy and Outlook

| Philip Gorham, CFA, FRM |

Brahma, the Brazilian brewer, was the first foray into the consumer product manufacturing industry by private equity group 3G. In 2000, they merged two Brazilian brewers; Brahma and Antarctica, creating Ambev. The company has gone on to roll up brewers throughout Central and South America and holds several monopolylike positions in large markets, including an 81% volume share in Argentina, 68% in Brazil, and 61% in Peru.

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Key Statistics ABEV

Company Profile ABEV

Business Description

Ambev is the largest brewer in Latin America by volume and the fourth- largest beer producer in the world. It produces, distributes, and sells beer and PepsiCo products in Brazil and other Latin American countries. It also owns Argentina's largest brewer, Quinsa. Ambev was formed in 1999 through the merger of Brazil's two largest beverage companies, Brahma and Antarctica. In 2004, Ambev combined with Canadian brewer Labatt, giving Interbrew (now Anheuser-Busch InBev) a controlling interest.

Rua Doutor Renato Paes de Barros, 1017, 3rd Floor
Sao Paulo, SP, 04530-001, Brazil
T +55 1121221200
Industry Beverages - Brewers
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 26,446

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