alcohol

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...

Beer and football remain a natural pairing, but not so much in 2020 compared to prior years, according to BeerBoard. Kansas City An Exception BeerBoard, a real-time data, insights and consumer engagement platform, said in a Monday report that total beer volume fell 1.3% year-over-year on Super Bowl...

Alcohol beverages maker Diageo plc (NYSE: DEO) CEO Ivan Menezes said in a Thursday Bloomberg interview the U.S. premium alcohol segment is performing "very well." Diageo's premium segment is seeing notable strength, including double-digit growth in single malts while $50 bottles...

Investors looking for further evidence of the growth of hard seltzer should pay extra attention during Super Bowl LIV. Global beer giant Anheuser Busch Inbev NV (NYSE: BUD) will spend millions to showcase its Bud Light Seltzer, according to The Wall Street Journal. Anheuser Busch Showcasing...

Walmart Inc (NYSE: WMT) is looking to improve its alcohol selection by offering hyperlocal craft beers, high-end wines and top-shelf spirits. Walmart's Liquor Aisle  Walmart's "core offerings" of alcohol today include everyday brands like Bud Light, Miller Light and...

It may seem counterintuitive but beer makers are more than eager to play a role in "Dry January." What To Know Beer sales typically drop in January in reaction to the month long sobriety pledge which traces its roots to the United Kingdom in 2013, according to CNBC. Data from Nielsen...

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...

Beer maker Molson Coors Brewing Co's (NYSE: TAP) ongoing field-work of an experimental hard coffee beverage is off to a good start and management will decide next year if it will work to expand sales, according to the Denver Business Journal. What Happened With Molson's Hard Cold Brew...

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened On Dec. 4, 1933, President Franklin Roosevelt signed an executive order establishing the Federal Alcohol Control Administration. Where The Market Was The S&P 500 traded around 9.97...

Hard seltzer alcohol beverages continue gaining in popularity, thanks in no small part to Mark Anthony Brands' White Claw beverages, and two notable beer makers are the latest to jump into the craze. The King Of Beers Isn't Immune The hard seltzer market is valued today at around $550...

Boston Beer Company Inc (NYSE: SAM) shares were moving higher Thursday after the company received an analyst upgrade on the strength of its red-hot hard seltzer, Truly. The Analyst Cowen analyst Vivien Azer upgraded Boston Beer Co. from Market Perform to Outperform and raised the price...

A program that lowers the excise tax on qualified domestic producers and importers of beer, wine and spirits is winding down at the end of the year and the alcohol beverage industry is lobbying Congress to keep it going.  "It's extremely important to our members," said Alison Leavitt, managing...

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...