10 Best Stocks Under $3 to Buy Now

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

Share Price: $2.23

Number of Hedge Fund Holders: 22

Ambev S.A. (NYSE:ABEV) is a Brazilian company that is best known for its beer brands like Skol, Brahma, Antarctica, Quilmes, Labatt, and Presidente. The company also produces soft drinks and other non-alcoholic and non-carbonated (NANC) beverages through brands like Guaraná Antarctica and Fusion. Ambev S.A. (NYSE:ABEV) has operations in 18 countries in Latin America, Central America, and the Caribbean. ABEV ranks among the best stocks under $3 to buy.

The company is focused on digital transformation as a key strategy to grow its business and improve customer engagement. Ambev S.A. (NYSE:ABEV) has expanded its B2B platform, BEES, which was live in 8 of its top 10 markets by the end of 2024. The company reported that BEES now handles over 88% of its gross revenue and serves 1.3 million monthly active buyers. On the direct-to-consumer (DTC) front, Ambev S.A. (NYSE:ABEV) reported that its Zé Delivery platform reached 9 million buyers and processed over 66 million orders in 2024. This represents a 10% increase compared to 2023. These digital initiatives have helped Ambev S.A. (NYSE:ABEV) to better understand customer needs and preferences. This has generated valuable insights for the company to proactively meet demands and improve customer satisfaction.