5 Most Profitable Penny Stocks Now

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

Trailing Twelve Month Net Income: $2.52 billion (1BRL = 0.19USD)

Number of Hedge Fund Holders in Q3 2022: 17

Ambev S.A. (NYSE:ABEV) is a Brazilian beverage company based in Sao Paulo. The firm sells both alcoholic and non-alcoholic drinks.

Ambev S.A. (NYSE:ABEV) refuted allegations of misstating tax claims in its financial statements in February 2023, insisting that it complies with all regulatory requirements when reporting its financials. Insider Monkey took a look at 920 hedge funds for their third quarter of 2022 investments to discover that 17 had bought the firm’s shares.

Ambev S.A. (NYSE:ABEV)’s largest investor is Jean-Marie Eveillard’s First Eagle Investment Management which owns 285 million shares that are worth $777 million.

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