Companhia de Bebidas das Americas Ambev ( ABV) pushed the Food & Beverage industry lower today making it today's featured Food & Beverage loser. The industry as a whole closed the day down 0.4%. By the end of trading, Companhia de Bebidas das Americas Ambev fell $1.39 (-3.2%) to $42 on heavy volume. Throughout the day, 4.6 million shares of Companhia de Bebidas das Americas Ambev exchanged hands as compared to its average daily volume of 2.6 million shares. The stock ranged in price between $41.72-$43.12 after having opened the day at $42.83 as compared to the previous trading day's close of $43.39. Other company's within the Food & Beverage industry that declined today were: Tofutti Brands ( TOF), down 10.5%, MGP Ingredients ( MGPI), down 6.3%, Glg Life Tech ( GLGL), down 5.3%, and Inventure Foods ( SNAK), down 3.6%. Companhia de Bebidas das Americas Ambev engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt, and other non-alcoholic and non-carbonated products in the Americas. It also sells bottled water, isotonics, and ready-to-drink teas. Companhia de Bebidas das Americas Ambev has a market cap of $135.06 billion and is part of the consumer goods sector. Currently there are three analysts that rate Companhia de Bebidas das Americas Ambev a buy, no analysts rate it a sell, and two rate it a hold. TheStreet Ratings rates Companhia de Bebidas das Americas Ambev as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
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