10 Best Alcohol Stocks to Buy According to Billionaires

7. Ambev S.A. (NYSE:ABEV) 

Number of Billionaire Holders: 9

Ambev S.A. (NYSE:ABEV), formally Companhia de Bebidas das Américas, is a Brazilian brewing company that has now merged with Anheuser-Busch InBev. It offers beer under several brand names such as Skol and Brahma and claims to be the largest brewer in Latin America in terms of sales volume.

Total volumes of Ambev S.A. (NYSE:ABEV) declined by 3.2% YoY in Q4 of 2024 due to softer market conditions in Argentina and adverse weather in Brazil. However, the company’s net revenue was still up 4.2% YoY to 27.04 billion reals ($4.66 billion), with growth in most business units. Ambev also posted an adjusted net profit of around $874.63 million during the quarter, up 7.5% YoY, driven by higher core earnings and better financial results. Cash flow from operating activities came in at around $2.4 billion in Q4 and the company announced the distribution of intermediary dividends of approximately $340 million to be paid in April.

Ambev S.A. (NYSE:ABEV) has displayed strong stability over the last few years. The company’s consolidated EBITDA grew by 37% over the last five years and it generated nearly $11.2 billion in free cash flow. The company also remains committed to its shareholders and has returned approximately $7 billion to them since 2020, demonstrating its financial health and its disciplined approach to capital allocation.