10 Best Stocks Under $10 to Buy Now

7. Ambev S.A. (NYSE:ABEV)

Share Price: $2.31

Number of Hedge Fund Holders: 22

Ambev S.A. (NYSE:ABEV) is a Brazilian brewing company that ranks among the best stocks under $10 to buy now. The company produces, distributes, and sells beer, carbonated soft drinks, and other non-alcoholic and non-carbonated (NANC) beverages. The company’s brands include Skol, Brahma, Antarctica, Quilmes, Labatt, Presidente, Guaraná Antarctica, and Fusion. Ambev S.A.’s (NYSE:ABEV) operations span 18 countries in Latin America, Central America, and the Caribbean.

With the goal of growing its business and improving customer engagement, the company is focusing on digital transformation. Ambev S.A. (NYSE:ABEV) is expanding its B2B platform, BEES, which was made operational in 8 of the company’s top 10 markets by the end of 2024. Ambev S.A. (NYSE:ABEV) reported that BEES now processes more than 88% of the company’s gross revenue and serves 1.3 million monthly active buyers. By prioritizing digital initiatives, Ambev S.A. (NYSE:ABEV) is actively working to meet the changing demands and improve customer satisfaction. On the direct-to-consumer (DTC) side, the company reported that its Zé Delivery platform saw growth and reached 9 million buyers while also handling more than 66 million orders in 2024. This represents a 10% increase year-over-year.