2. Companhia de Bebidas das Americas - AmBev (ABV) along with its subsidiaries produce, distribute and sell beer, carbonated soft drinks (CSDs) and other non-alcoholic and non-carbonated products in 14 countries across the Americas. The stock leaped 4.9% last week.
For the second quarter 2011, the company recorded net sales organic growth of 6.2% to $3.6 billion mainly due to price increases across regions. Profit for the quarter increased 20.4% to $0.67 billion from the year ago quarter. EBITDA during the quarter recorded a organic growth of 9% while margin levels expanded by 110 basis points.
Also, during the past week Morgan Stanley maintained its equal weight rating on the stock. It further added that despite not being a great second quarter, the management is sticking to price increases and controlling costs amid a slower volume environment than expected.Of the 12 analysts covering the stock, 67% recommend a hold while the rest rate a buy on it. There are no sell ratings on the stock. Analysts polled by Bloomberg project 12.4% upside to $34.06 in value from current levels.
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