KHC - Mixed Results For Ambev
Ambev (ABEV) had mixed results for 2018 and the latest quarter. Costs rose, the market in Argentina was very volatile, and beer volumes were down slightly. Still, we think Ambev is an easy way to invest in Brazil.
The stock trades for BRZ17.33, there are 15.718 billion shares, and the market cap is BRZ272 billion ($72.6 billion). Earnings came in at BRZ0.72 and the price to earnings ratio is 24. The dividend is BRZ0.46 and the dividend yield is 2.65%.
Sales were up 4.9% to BRZ50.2213 billion ($13.4 billion). Normalized EBITDA was up