alcohol

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,...

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...

Constellation Brands, Inc. (NYSE: STZ) shares dropped Wednesday after the alcoholic beverage maker commented on its beverage growth expectations at an industry conference. The company said it expects to see a 10-cent-per-share hit to fourth-quarter earnings from its investment in cannabis...

Younger alcohol drinkers are more health-conscious and want less sugar, alcohol and calories in their brews. At the same time, they want more choices, including hard seltzer waters and no-calorie beverages. These were some of the key takeaways for Macquarie Research from Harry Schuhmacher’s...

Anheuser Busch Inbev (NYSE: BUD) brewed a controversy over ingredients with a Super Bowl LIII ad poking fun at its top U.S. light beer competitors for using corn syrup. But the ad, which some may have thought was one of the most interesting parts of an incredibly low-scoring Super Bowl game,...

Constellation Brands, Inc. (NYSE: STZ) held a presentation this week with Street analysts to discuss its beer business outlook, which left at least two analysts positive on the outlook. The Main Takeaways Constellation Brands' presentation was led by incoming CEO Bill Newlands, Beer President...