This is a Clark Kent figurine that was distributed in Brazil and Argentina in the early 1980s. Made by Gulliver Toy Manufacturing of Brazil, this 2-1/2″ high plastic figure is a Pepsi premium that was part of a larger collection of several different DC superheroes. Included in the set were Clark Kent, Superman, Supergirl, Captain Marvel, Flash, Batman, Wonder Woman, Green Arrow, Green Lantern, Aquaman, Hawkman, Joker, Riddler, Penguin, and Catwoman, Each was available in different molded colors of plastic… I’ve seen red, orange, green, dark green, aqua, yellow, blue, light blue, black, white, gray, purple, and olive, so if you want a complete set, you are going to be busy!
A display of these figures available as part of a blind box for distribution in Italy surfaced on eBay last year.
Apologies for the low quality photos on these.