-
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...
-
Morgan Stanley Cheers Boston Beer Company And Its 'Compelling Long-Term Growth Story'
Monday, March 1, 2021 - 1:28pm | 399Read More...Sam Adams beer maker and Truly hard seltzer's parent company Boston Beer Company Inc (NYSE: SAM) offers investors an under-appreciated but "compelling long-term growth story," according to Morgan Stanley. The Boston Beer Company Analyst: Filippo Falorni initiated coverage of Boston...
-
Stock Wars: Coca-Cola Vs. Pepsi
Sunday, January 24, 2021 - 8:48am | 881Read More...Comb through the annual reports of Coca-Cola and Pepsi, and you will see the two rivals list one another as their main competition. White both are giants in the beverage field, there is one key difference, which could be the reason to pick one over the other. About Coca-Cola: Sparkling soft drink...
-
Molson Coors CEO Talks New Coca-Cola Partnership: 'A Really Strong Portfolio'
Thursday, October 1, 2020 - 3:55pm | 411Read More...Beer maker Molson Coors Beverage Co (NYSE: TAP) and Coca-Cola Co (NYSE: KO) struck an agreement this week, and it should give Molson leadership status in the seltzer market, CEO Gavin Hattersley said Wednesday on CNBC's "Closing Bell." Financial Benefits For Molson: Molson will...
-
Molson Coors Continues Hard Seltzer Push With Coca-Cola Topo Chico Deal
Tuesday, September 29, 2020 - 1:05pm | 416Read More...One of the largest beer companies in the United States signed a deal with Coca-Cola to distribute its upcoming hard seltzer brand Topo Chico. What Happened: Molson Coors Beverage Company (NYSE: TAP) announced an exclusive partnership with Coca-Cola Company (NYSE: KO) to manufacture, market and...
-
Coca-Cola's First Alcoholic Drink Since The 80s To Debut Early Next Year: CEO
Tuesday, September 22, 2020 - 4:40am | 364Read More...During a discussion with Mad Money show host Jim Cramer, Chief Executive Officer of Coca-Cola Co (NYSE: KO) James Quincey cleared the air about its new product. Quincey clarified that the company’s Hard Seltzer drink is estimated to be released sometime in the first half of 2021....
-
Credit Hard Seltzer With Sam Adams' Stock Growth
Tuesday, August 25, 2020 - 1:10pm | 347Read More...Shares of Sam Adams' parent Boston Beer Company Inc (NYSE: SAM) are up in 2020 and not strictly due to beer sales, Cowen analyst Vivien Azer said Monday on CNBC's "Power Lunch." Hard Seltzer: Hard seltzer has become a hot-selling alcoholic beverage item that is lifting Boston...
-
Coca-Cola Enters Hard Seltzer Market With Alcoholic Topo Chico
Thursday, July 30, 2020 - 4:35pm | 286Read More...The Coca-Cola Company (NYSE: KO) announced Thursday that it will launch a hard seltzer drink under the banner of its Topo Chico mineral water brand. With this announcement, it's a rare foray into alcoholic beverages for 128-year-old Coca-Cola. Coke's Plans For Topo...
-
Sam Adams, Truly Hard Seltzer Owner Boston Beer Rallies On Q2 Beat
Friday, July 24, 2020 - 11:04am | 420Read More...Sam Adams parent company Boston Beer Company Inc (NYSE: SAM) reported second-quarter results Friday that exceeded estimates and sent the stock soaring. What Happened: Boston Beer said it earned $4.88 per share in the second quarter on revenue of $452.1 million versus expectations of $2.42 per...
-
Constellation Brands CEO Talks New Corona Hard Seltzer, 'Pretty Good' Q1
Thursday, July 2, 2020 - 3:00pm | 313Read More...Alcohol company Constellation Brands, Inc. (NYSE: STZ) has certainly felt its share of headwinds as of late, but it didn't "stop us from having a pretty good quarter," CEO Bill Newlands said on CNBC's "Mad Money." Constellation's Shift To Off-Premise: Constellation...
-
Boston Beer Analyst Says It's Truly Well-Positioned In Hard Seltzer Category, Raises Price Target
Monday, June 8, 2020 - 12:48pm | 451Read More...The hard seltzer category will continue to grow, but one of the winners in the space today, Boston Beer Company Inc (NYSE: SAM), will remain a leader, according to RBC Capital Markets. The Boston Beer Analyst: Nik Modi maintained an Outperform rating on Boston Beer Company's stock with a...
-
Truly Hard Seltzer Positions Boston Beer For Upside, Credit Suisse Says In Double Upgrade
Tuesday, February 11, 2020 - 1:30pm | 402Read More...Sam Adams parent company Boston Beer Company Inc (NYSE: SAM) could see notable upside from the growth and "staying power" of hard seltzer, according to Credit Suisse. The Boston Beer Analyst Kaumil Gajrawala upgraded Boston Beer from Neutral to Outperform with a price target lifted...
-
Anheuser Busch CEO On Dry January, Hard Seltzer And CBD
Tuesday, January 21, 2020 - 4:30pm | 365Read More...Anheuser Busch Inbev NV (NYSE: BUD) CEO Carlos Brito spoke to CNBC from the sidelines of the World Economic Forum to talk about some of the more notable beverage trends for 2020 and beyond. 'Dry January' One of the immediate trends in the beverage industry is "dry January" where...
-
4 Disruptive Trends In The Alcohol Industry: What's On Tap For Anheuser Busch, Molson And Sam Adams?
Tuesday, November 19, 2019 - 5:31pm | 569Read More...New York City over the weekend hosted the Beer Marketer's Insights (BMI) conference with multiple themes discussed and management teams offering presentations. Bank of America analyst Bryan Spillane attended the event and offered multiple industry-wide and company specific takeaways. Disruptive...
-
Does Constellation Brands Have A Hard Seltzer Problem?
Thursday, August 22, 2019 - 12:45pm | 356Read More...The hard seltzer alcohol market has exploded over the last year and could expand to a $2.5 billion market by 2021 and Constellation Brands, Inc. (NYSE: STZ) could see part of its beer portfolio negatively impacted from the growing category, according to UBS. The Analyst UBS analyst Sean King...
