15 Best Penny Stocks to Buy According to Billionaires

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

Price: $2.30

Number of Hedge Fund Holders: 22

Number of Billionaire Investors: 9

Total Value of Billionaire Holdings: $480,645,533

Ambev S.A. (NYSE:ABEV) is a Brazilian multinational beverage company focused on beer production and non-alcoholic beverages. It is one of the largest brewers in Latin America by sales volume and owns two of the world’s top 10 beer brands including Skol and Brahma. The company operates in 18 countries in the Americas.

Ambev S.A. (NYSE:ABEV) demonstrated resilient financial performance in Q4 2024 despite operational challenges. Its total volumes were offset by soft demand in Argentina and adverse weather in Brazil, which impacted production. This resulted in total volumes falling by 3.2% year-over-year. However, regardless the company grew its net revenue by 35.2% year-over-year driven by pricing strategies and premiumization efforts.

In addition, the Adjusted net profit also grew by 7.5% during the same time supported by Normalized EBITDA growth of 9.7% and improved financial results. Ambev S.A. (NYSE:ABEV) consolidated EBITDA has grown by 37% over five years, underscoring its ability to navigate macroeconomic headwinds while expanding margins. It is one of the best penny stocks to buy according to billionaires.

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