Ballast Point

This week brought about two big moves in the food and beverage sector. Alcohol beverage giant Constellation Brands, Inc. (NYSE: STZ) sold its craft beer Ballast Point brand and associated production facilities, while PepsiCo, Inc. (NASDAQ: PEP) bought PopCorners maker BFY Brands. Constellation...

Constellation Brands, Inc. (NYSE: STZ) has difficulty walking the line, according to Credit Suisse. The company continues to stumble over decelerating growth in its Mexican beer line, ultimately insignificant acquisitions in the wine and spirit space, and general underperformance regarding its...

Citi raised its estimates and price target on Constellation Brands, Inc. (NYSE: STZ) after better-than-expected second-quarter earnings on strong demand for beer and wine/spirits. Constellation Brands reported second-quarter adjusted EPS of $1.77, which beat consensus estimates by 11 cents, driven...

Another quarter, another earnings beat for Constellation Brands, Inc. (NYSE: STZ). The New York Based-Beer and Spirits distributor has become one of the most solid plays in the market, with Morgan Stanley called the company the Top Pick in the beverage industry. Constellation is honing in on...

Credit Suisse sees higher risk to Constellation Brands, Inc. (NYSE: STZ)'s earnings potentials until fiscal year 2018. Analysts Laurent Grandet and Clay Crumbliss also see pricing power as being pressured to retain volume growth. As a result, the analysts project EPS 2–3 percent below Street...

Unfortunately for investors, it may be much easier these days to find a good beer than to find a good beer stock. According to Citi analyst Wendy Nicholson, U.S. consumers are drinking more wine and spirits, which has put pressure on the beer business. Craft beer has been a strong growth segment in...

Morgan Stanley continues to like Constellation Brands, Inc. (NYSE: STZ) as its top pick in beverages, as it believes the market is not appropriately discounting the company's strong long-term growth prospects in the beer market. Analyst Dara Mohsenian expects beer revenue upside versus consensus,...