NYSE:ABEV 24 October 2025 - 31 December 2025

Ambev’s U.S.-listed shares fell 0.8% to $2.461 in premarket trading after a 2.5% gain Tuesday. The company paid a dividend of 0.4612 reais per share on Dec. 30 and approved “interest on own capital” of 0.2690 reais per share, with payment by Dec. 31, 2026. The next earnings release is scheduled for Feb. 12.

Ambev S.A. closed Friday at $2.43, gaining 2.53% with about 30.8 million shares traded. Options activity shows elevated implied volatility, signaling traders expect a larger move ahead. Analysts remain divided on valuation, with price targets clustering near $2.53 and consensus estimates for the current quarter slipping from $0.06 to $0.05. No major company announcements in the past two days.

Ambev’s U.S.-listed ADR traded at $2.52 Wednesday afternoon, up slightly from Tuesday, after Bernstein downgraded the stock to “Market Perform” and set a $2.88 price target. The downgrade follows a 30–40% year-to-date rally, with shares near a 52-week high. Trading volume was heavy as investors reacted to the news. On Brazil’s B3, Ambev shares slipped 0.4% to R$13.68.

Ambev (NYSE: ABEV) closed at $2.20 on Oct 24, up 0.5%, with Q3 earnings due Oct 30. Analysts remain bearish, with nine “reduce” ratings and a $2.35 average target. The company raised its quarterly dividend to $0.023 per share in mid-October. Q2 net income rose 15% year-over-year, despite a 4.5% decline in beer volumes.