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New Age Buys Brands Within Reach In 'Incredible' Deal
Monday, June 3, 2019 - 10:09am | 401Read More...Organic and natural beverages company New Age Beverages Corp (NASDAQ: NBEV) reached an agreement to acquire Brands Within Reach, a New York-based healthy products for an undisclosed price. What Happened New Age Beverages is the parent company behind multiple brands including Tahitian Noni, TeMana,...
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New Age Beverages, Marley Family Extend Licensing Deal For 10 Years
Thursday, April 25, 2019 - 12:01pm | 382Read More...New Age Beverages Corporation (NASDAQ: NBEV) announced Wednesday that it has expanded its brand licensing agreement with the family of the late Bob Marley and the Marley brand for an additional 10 years. Why It Matters The expansion of the deal follows the successful growth of a partnership...
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Coca-Cola's Outlook Has Analysts Perking Up
Thursday, April 25, 2019 - 10:44am | 586Read More...Sell-side analysts say The Coca Cola Co. (NYSE: KO) has a refreshing new outlook that looks beyond its old standby product; strong sales; and a willingness to branch out, all of which look positive for the iconic global drink brand. Coca-Cola beat Street earnings estimates by two pennies...
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Beverage Stocks: Macquarie Bullish On Diageo, Pepsi, But Says Constellation's Asset Sale Was Underpriced
Thursday, April 18, 2019 - 1:09pm | 427Read More...It’s been a mixed bag for beverage investors in recent quarters, but one analyst reiterated coverage of three beverage names on Thursday and said there’s an excellent buying opportunity for selective investors. The Analyst Macquarie analyst Caroline Levy has the following coverage:...
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As Suds Sales Decline, Goldman Downgrades Boston Beer
Friday, April 5, 2019 - 11:53am | 479Read More...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...
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Bank Of America Upgrades Anheuser Busch, But Says Mainstream Beer Still Slumping
Friday, April 5, 2019 - 10:43am | 462Read More...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...
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CBD Drink Maker New Age Beverages Trades Higher On Q4 Print
Friday, March 29, 2019 - 10:38am | 430Read More...New Age Beverages Corp (NASDAQ: NBEV)'s shares opened higher Friday after the healthy beverage maker reported its fourth-quarter results. The Cannabis Capital Conference is coming back to Toronto! Click here to learn how you can join Tim Seymour, Jon Najarian, Danny Moses, Alan...
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Miller Sues Bud Over Corn Syrup Ads
Friday, March 22, 2019 - 11:04am | 696Read More...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...
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HSBC Downgrades Coke: 'If The Bottlers Aren't Happy, Nobody's Happy'
Tuesday, March 12, 2019 - 11:55am | 517Read More...HSBC downgraded The Coca-Cola Co (NYSE: KO) Tuesday, citing questions about how a company trying to modernize and hedge against changing tastes will deal with a profit-splitting model with bottlers that’s a holdover from a different era. The Analyst HSBC’s Carlos Laboy downgraded...
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RBC Questions Anheuser Busch's Margins, Guidance, Debt In Downgrade
Thursday, March 7, 2019 - 11:41am | 420Read More...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-...
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BofA Bearish On Anheuser Busch, Says Volume Growth 'Remains Patchy'
Tuesday, March 5, 2019 - 3:29pm | 543Read More...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...
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'They've Got To Diversify': Anheuser-Busch Buys Liquor, Canned Cocktail Company Cutwater
Tuesday, February 26, 2019 - 11:48am | 764Read More...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...
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Macquarie Raises A Glass To Boston Beer, Upgrades After Q4 EPS Beat
Thursday, February 21, 2019 - 11:27am | 420Read More...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...
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Constellation Brands Projects 10-Cent Hit To Earnings From Canopy Growth Investment
Wednesday, February 20, 2019 - 6:09pm | 391Read More...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...
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Why Macquarie Prefers Pepsi Over Coca-Cola
Tuesday, February 19, 2019 - 4:11pm | 377Read More...PepsiCo, Inc. (NASDAQ: PEP), under the leadership of new CEO Ramon Laguarta, is well-positioned to deliver sustainable 4-6-percent sales growth, according to Macquarie. The Analyst Analyst Caroline Levy upgraded PepsiCo from Neutral to Outperform with a price target lifted from $107 to $126....
















