alcohol

Constellation Brands, Inc. (NYSE: STZ) said in a press release it reached an agreement to sell its Black Velvet Canadian Whisky brand as part of an ongoing "premiumization strategy." What Happened Constellation Brands agreed to sell the Black Velvet Canadian Whisky and associated...

Molson Coors Brewing Co (NYSE: TAP) deserves credit for integrating the MillerCoors and Miller International acquisitions into its business, but one analyst says this is more than offset by multiple concerning trends. The Analyst Bank of America's Bryan Spillane downgraded Molson Coors from Buy...

Beer giant and Budweiser parent company Anheuser Busch Inbev NV (NYSE: BUD) is looking to raise $9.8 billion through a public offering of its Asia-Pacific business, CNBC reported Tuesday. What Happened Inbev is set to list shares of its Budweiser Brewing Company APAC, a business unit which consists...

Beverage company Constellation Brands, Inc. (NYSE: STZ) reported first-quarter results Friday that came in better than expected on the top-and-bottom line and prompted multiple Street analysts to reaffirm bullish stances.  The Analysts BMO Capital Markets' Amit Sharma maintained...

Canopy Growth Corp (NYSE: CGC) has no interest in using any of its capital to buy any more cannabis producers either in Canada or abroad, CEO Bruce Linton told the Financial Post. What Happened Canopy bought at least a dozen smaller cannabis producers over the past year, but the string of...

Constellation Brands, Inc. (NYSE: STZ) reported fourth-quarter results that came in better than expected. The company also announced an agreement to divest around 30 of its wine and spirits brands and related facilities for $1.7 billion. The Analysts Bank of America's Bryan Spillane maintains...

The niche products big brewers are coming up with to offset lagging beer sales are doing well, but taking share away from the original product, Goldman Sachs said Thursday.  Goldman updated its beer industry volume forecast to reflect more declines and downgraded Boston Beer Company Inc...

Anheuser Busch Inbev NV (NYSE: BUD) has a better debt picture, but beer sales, particularly of “mainstream beer,” are still going flat, Bank of America Merrill Lynch said Friday.  The Analyst Analyst Fernando Ferreira upgraded AB InBev from Underperform to Neutral and increased the...

Alcohol company Constellation Brands, Inc. (NYSE: STZ) reached an agreement Wednesday to sell around 30 brands from its wine and spirits portfolio. What Happened Constellation Brands, perhaps best known for its Corona beer, will divest more than two dozen brands that retail for $11 and below,...

There's just one exchange traded fund in the United States dedicated to cannabis stocks -- the ETFMG Alternative Harvest ETF (NYSE: MJ) -- leaving a void for investors looking to use the ETF wrapper for marijuana equity exposure. There are alternatives for ETF investors looking for some...

Oh, brewers of Bud Light: you are hereby served notice that you are sued by the Miller Coors kingdom over the medieval corn syrup ads. What Happened MillerCoors, a subsidiary of Molson Coors Brewing Co. (NYSE: TAP), didn’t find the Bud Light ads about the use of corn syrup in the brewing...

The theory behind the bullish case for beer company Anheuser Busch Inbev NV (NYSE: BUD) remains valid, but the stock's momentum since December implies a positive rating can't be justified, according to RBC Capital Markets.  The Analyst Analyst James Edwardes Jones downgraded Anheuser-...

Anheuser Busch Inbev NV (NYSE: BUD) has seen “flattish” volume since its 2016 purchase of former competitor SABMiller, despite boosting access to emerging and other global markets, according to Bank of America Merrill Lynch.  Not much has changed in terms of volume growth for...

Your dad's domestic beer is getting a little flat. At least in terms of sales. A flatter and flatter growth curve has traditional domestic beermakers looking for other drinks they can sling — and the purchase of a fast-growing liquor company by the world's largest beer maker may be...

Boston Beer Company Inc (NYSE: SAM) is toasting a fourth-quarter bottom-line beat despite a top-line miss. The acheivement led one bear on the Street to upgrade the stock.  The Analyst  Macquarie Research analyst Caroline Levy upgraded Boston Beer from Underperform to Neutral and...