Companhia de Bebidas das Americas Ambev (
ABV) pushed the Consumer Goods sector lower today making it today's featured Consumer Goods loser. The sector as a whole closed the day down 1.1%. By the end of trading, Companhia de Bebidas das Americas Ambev fell 63 cents (-1.6%) to $38.78 on average volume. Throughout the day, 2.6 million shares of Companhia de Bebidas das Americas Ambev exchanged hands as compared to its average daily volume of 2.8 million shares. The stock ranged in price between $38.28-$38.99 after having opened the day at $38.58 as compared to the previous trading day's close of $39.41. Other company's within the Consumer Goods sector that declined today were:
Enova Systems (
ENA), down 15.3%,
Ever-Glory International Group (
EVK), down 10%,
Cresud (
CRESY), down 8.6%, and
Motorcar Parts of America (
MPAA), down 8%.
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 $124.01 billion and is part of the
food & beverage industry. The company has a P/E ratio of 103.6, above the average food & beverage industry P/E ratio of 26 and above the S&P 500 P/E ratio of 17.7. Shares are up 10.2% year to date as of the close of trading on Friday. Currently there are two analysts that rate Companhia de Bebidas das Americas Ambev a buy, no analysts rate it a sell, and four 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, increase in net income, largely solid financial position with reasonable debt levels by most measures, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.
On the positive front,
Quantum Fuel Systems Technologies Worldwide (
QTWW), up 27.2%,
Cereplast (
CERP), up 18.4%,
Standard Register Company (
SR), up 10.6%, and
China Shengda Packaging Group (
CPGI), up 9.5%, were all gainers within the consumer goods sector with
Xerox Corporation (
XRX) being today's featured consumer goods sector winner.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer goods sector could consider
iShares Dow Jones US Cons Goods (
IYK) while those bearish on the consumer goods sector could consider
ProShares Ultra Sht Consumer Goods (
SZK).
