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    ABEV3   BRABEVACNOR1

AMBEV S.A.

(ABEV3)
  Report
End-of-day quote. End-of-day quote Bolsa de Valores de Sao Paulo - 07/29
17.13 BRL   -1.15%
07/29AMBEV S A : Earnings Release Presentation 2Q21
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07/29AMBEV S A : REPORTS 2021 SECOND QUARTER RESULTS1 (Form 6-K)
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07/29Ambev Posted 2Q Net Profit of BRL2.9 Billion on Record Sales Volume, Tax Credit
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Mastercard, Ambev back away from Copa America as players vent COVID-19 concerns

06/09/2021 | 02:44pm EDT

SAO PAULO, June 9 (Reuters) - Mastercard Inc and drinks company Ambev, major sponsors of South American soccer, backed away from the Copa America on Wednesday as players criticized organizers for moving the tournament to Brazil despite one of the world's worst COVID-19 outbreaks.

Last week, the South American Football Confederation unexpectedly relocated the tournament, which kicks off on Sunday, after co-hosts Colombia were dropped because of civil unrest and Argentina withdrew after a surge in coronavirus infections.

Brazilian President Jair Bolsonaro, who has played down the severity of the coronavirus and fought against lockdowns, threw his support behind the move. But public health experts, Supreme Court justices and footballers questioned the wisdom of hosting the tournament with a pandemic raging.

More than 475,000 Brazilians have died from COVID-19, the world's worst official death toll outside the United States, and experts warn of a third wave approaching along with winter in the southern hemisphere.

The Brazilian soccer team cited "humanitarian" concerns in a statement criticizing the organization of the Copa America on Wednesday, but they committed to participating in the tournament after rumors of a potential boycott.

Mastercard Inc said it decided not to "activate" its sponsorship of Copa America in Brazil after a thorough analysis, meaning it will temporarily remove its branding from the event it has sponsored since 1992.

Ambev SA, a unit of brewer AB InBev sponsoring both the tournament and the Brazilian national team, said "its brands will not be present at the Copa America." (Reporting by Carolina Mandl Additional reporting by Andrew Downie and Anthony Boadle Editing by Brad Haynes and Grant McCool)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AMBEV S.A. -1.15% 17.13 End-of-day quote.9.46%
ANHEUSER-BUSCH INBEV -1.60% 53.99 Real-time Quote.-3.79%
COPA -0.64% 74 Delayed Quote.-4.18%
COPA CORPORATION INC. -0.25% 2773 End-of-day quote.-52.68%
EURO / ARGENTINE PESO (EUR/ARS) 0.14% 114.813 Delayed Quote.11.42%
EURO / BRAZILIAN REAL (EUR/BRL) 0.62% 6.0648 Delayed Quote.-4.38%
MASTERCARD 1.40% 388.81 Delayed Quote.8.93%
US DOLLAR / ARGENTINE PESO (USD/ARS) 0.22% 96.68 Delayed Quote.14.90%
All news about AMBEV S.A.
07/29AMBEV S A : Earnings Release Presentation 2Q21
PU
07/29AMBEV S A : REPORTS 2021 SECOND QUARTER RESULTS1 (Form 6-K)
PU
07/29Ambev Posted 2Q Net Profit of BRL2.9 Billion on Record Sales Volume, Tax Cred..
DJ
07/29AMBEV S A : Resultados - Tabelas Excel 2T21
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07/29AMBEV S A : Reports 2021 Second Quarter Results
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07/23AMBEV S A : Report on the Brazilian Code of Corporate Governance - Publicly Held..
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07/13AMBEV S A : ESG Update Transcription
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07/08AMBEV S A : CONSOLIDATED FORM (Form 6-K)
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07/06AMBEV S A : Extract of the Minutes of the Meeting of the Board of Directors of A..
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07/06AMBEV S A : NOTICE OF CAPITAL INCREASE APPROVED BY THE BOARD OF DIRECTORS (Form ..
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More news
Financials
Sales 2021 66 446 M 13 016 M 13 016 M
Net income 2021 11 034 M 2 162 M 2 162 M
Net cash 2021 13 820 M 2 707 M 2 707 M
P/E ratio 2021 24,6x
Yield 2021 3,36%
Capitalization 270 B 53 374 M 52 816 M
EV / Sales 2021 3,85x
EV / Sales 2022 3,55x
Nbr of Employees 50 000
Free-Float 28,0%
Chart AMBEV S.A.
Duration : Period :
Ambev S.A. Technical Analysis Chart | ABEV3 | BRABEVACNOR1 | MarketScreener
Technical analysis trends AMBEV S.A.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Last Close Price 17,13 BRL
Average target price 17,46 BRL
Spread / Average Target 1,95%
EPS Revisions
Managers and Directors
Jereissati Jean Neto Chief Executive Officer
Fernando Mommensohn Tennenbaum Director
Lucas Machado Lira Chief Financial & Investor Relations Officer
Victório Carlos de Marchi Co-Chairman
Michel Dimitrios Doukeris Co-Chairman
Sector and Competitors
1st jan.Capi. (M$)
AMBEV S.A.9.46%53 374
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