AMBEV S.A.
boothcheck covers AMBEV S.A. (ABEV) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed August 7, 2026.
• Ambev converted 88.2 billion reais of net sales into 23.3 billion reais of income from operations in 2025, a 26.4% operating margin that puts it among the most profitable large brewers anywhere, and it carries more liquid holdings than borrowings [Source: FY2025 Form 20-F]. • For a dollar holder the decisive risk is not beer but currency: 2025 net income of 15,988.4 million reais became total comprehensive income of only 6,140.8 million once translation losses on foreign operations were counte
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396 institutional managers reported holding ABEV in 13F filings for the quarter ended 2026-03-31. Together they hold about 7% of the company; the top 10 hold 5%. 63 opened new positions that quarter. Held by First Eagle Investment Management, GQG Partners, BlackRock, among others. On the short side, 137.8M shares were sold short as of the 2026-06-15 count, about 0.9% of shares outstanding (5.4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
ABEV has cut its share count 0.8% over the past five years. It pays a dividend. Cash returned over the past three years: $106.65M in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at ABEV over the trailing three years. Absence is a fact about the company, not a signal. 13 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: August 7, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.