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Jim Cramer Cheers Boston Beer Company And Truly
Friday, April 23, 2021 - 11:47am | 237Read More...Boston Beer Company Inc (NYSE: SAM) has done a great job taking market share in the hard seltzer category, Jim Cramer said Friday on CNBC's "Squawk On The Street." What Happened: Boston Beer reported first-quarter earnings on Thursday that exceeded expectations. The...
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In Illinois, Marijuana Tax Revenue Outpaces Alcohol For The First Time
Wednesday, April 14, 2021 - 4:22pm | 297Read More...Illinois cannabis taxes exceeded liquor taxes in the first three months of 2021, according to the state Department of Revenue. It’s the first time the Prairie State generated more tax revenue from cannabis than alcohol, Marijuana Moment writes. Marijuana tax revenue amounted to $86,537,000 in...
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JPMorgan's Beverage Pair Trade: Buy Keurig Dr Pepper, Sell Molson Coors
Friday, March 19, 2021 - 12:47pm | 426Read More...JPMorgan analysts revised their stance on the beverage sector and presented a new pair trade of assuming a bullish stance on Keurig Dr Pepper Inc (NYSE: KDP) and a bearish stance on Molson Coors Beverage Co (NYSE: TAP). The Analyst: Andrea Teixeira upgraded Keurig Dr Pepper's stock from...
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Anheuser Busch's CEO On Hard Seltzer: 'Gift For The Beer Industry'
Thursday, March 18, 2021 - 9:34am | 384Read More...Seltzer is among the fastest-growing categories within the beer, spirits and wine category and should continue growing at a double-digit pace in 2021, Anheuser Busch Inbev SA (NYSE: BUD) CEO Michel Doukeris said Wednesday on CNBC's "Closing Bell." What Happened: Ab-InBev launched...
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Bud Light Remains The King Even On Social Media
Monday, March 8, 2021 - 7:15pm | 377Read More...Twitter Inc (NYSE: TWTR) is one of the two go-to destinations for beer companies to market their brand, according to real-time competitive analytics firm BrandTotal. Constellation Is Winning The Battle: Twitter, along with Facebook Inc.'s (NASDAQ: FB) Instagram platform, are the two...
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Diageo Debuts Ready-To-Drink Crown Royal Canned Cocktails
Monday, March 8, 2021 - 6:24pm | 312Read More...Diageo plc (NYSE: DEO) has launched a ready-to-drink canned cocktail line under its Crown Royal Canadian Whisky brand. What Happened: The new line comes in three flavors: • Washington Apple featuring Crown Royal whisky, apple and sparkling cranberry flavors • Whisky & Cola featuring...
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Coming Soon To Walmart, Sam's Club, Target: Isiah Thomas' Cheurlin Champagne
Thursday, February 25, 2021 - 2:25pm | 313Read More...NBA legend turned entrepreneur Isiah Thomas announced Thursday that his Champagne brand Cheurlin Champagne will become available at Walmart Inc (NYSE: WMT), Sam's Club and Target Corporation (NYSE: TGT). What Happened: Thomas, a two-time NBA champion and core member of the Detroit Pistons...
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Why Kraft, Tyson, Molson Coors And More Food, Beverage Stocks Are Moving
Thursday, February 11, 2021 - 12:39pm | 611Read More...Thursday premarket trading action was highlighted by a handful of food, beverage, and restaurant names reporting quarterly results. Here's what investors in the space need to know. Food Stocks Kraft Heinz Co (NASDAQ: KHC) shares were trading 6.26% higher to $36.01 at last check after...
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Heineken CEO: 'It Will Take Time To Get Out Of The Pandemic,' Expects Job Cuts, But Bullish On Future
Wednesday, February 10, 2021 - 12:27pm | 383Read More...Beer giant Heineken N.V. (OTC: HEINY) is operating under the assumption that "it will take time to get out of the pandemic," Heineken CEO Dolf van den Brink told CNBC. Full Year Results And Outlook: Heineken reported Wednesday morning full-year 2020 results, highlighted by an 11.9%...
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Goldman Finds Six Reasons To Include Constellation Brands In Conviction List
Tuesday, February 9, 2021 - 12:05pm | 351Read More...Alcohol beverage company Constellation Brands, Inc. (NYSE: STZ) has a path to show "faster and more profitable growth" for six reasons and investors should be buyers of the stock, according to Goldman Sachs. The Constellation Brands Analyst: Bonnie Herzog maintains a Buy rating on...
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Uber Acquires Alcohol Delivery Business Drizly In $1.1B Deal: What Investors Need To Know
Tuesday, February 2, 2021 - 12:47pm | 365Read More...Uber Technologies Inc. (NYSE: UBER) announced Tuesday that it has acquired Drizly in a $1.1-billion dollar deal. What Happened: Uber said will integrate Drizly into its Uber Eats app while contuinuing to offer services through the separate Drizly app. The approximate $1.1-billion bought deal...
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Diageo Rises As People Drink More Baileys, Tequila
Thursday, January 28, 2021 - 12:37pm | 422Read More...Alcohol producer Diageo plc (NYSE: DEO) said in its semiannual earnings report that spirit sales in the U.S. were higher by 15% with notable strength in the tequila category. Strong US Market: Diageo's U.S. sales in the back half of 2020 were supported by more consumers switching...
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Molson Coors Partners With CKBG On Sugar-Free Alcoholic Beverages
Tuesday, January 26, 2021 - 6:37pm | 343Read More...Molson Coors Beverage Company (NYSE: TAP) has partnered with CKBG to bring their brand Superbird to 10 new markets in spring 2021. What Happened: Molson Coors announced Tuesday that it will be partnering with CKGB to bring a 100% agave tequila-based cocktail to market...
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Constellation Brands CEO: 'We're Going To Take A Significant Share' Of Seltzer Market
Sunday, January 10, 2021 - 12:45pm | 355Read More...Alcohol company Constellation Brands, Inc. (NYSE: STZ) managed to offset lost sales from bars and restaurants amid pandemic restrictions by targeting consumers at home with "brands that people trust," CEO Bill Newlands said Thursday on CNBC's "Mad Money." Q3 Beat:...
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Wells Fargo Taps Coca Cola, Monster In The Beverage Stock Race
Tuesday, December 8, 2020 - 3:00pm | 778Read More...Wells Fargo analysts initiated coverage of a handful of non-alcoholic and alcoholic beverage companies: Coca-Cola Co (NYSE: KO) at Overweight, $62 price target. Keurig Dr Pepper Inc (NASDAQ: KDP) at Equal-Weight, $33 price target. Molson Coors Beverage Co (NYSE: TAP) at Equal-Weight, $51...
