|Bid||114.08 x 2200|
|Ask||114.17 x 500|
|Day's Range||113.58 - 114.43|
|52 Week Range||98.28 - 136.08|
|PE Ratio (TTM)||82.99|
|Dividend & Yield||3.90 (3.42%)|
|1y Target Est||N/A|
The American beer industry is undergoing a sea change. Is Molson Coors built to thrive in it?
In response to the continued acquisition of former craft breweries by Anheuser Busch InBev and other outside interests, the Boulder-based Brewers Association announced Tuesday that it is offering a label that can be used by truly independent breweries nationwide. The “certified independent craft” seal will be available free of charge to the roughly 5,300 American beer makers that make less than 6 million barrels of beer each year and are owned no more than 25 percent by any alcoholic-beverage company that is not a craft brewery. Leaders of the BA, the craft beer industry’s trade association, say they expect to see it soon on beer packaging, at retail stores and in brewery marketing materials.
With the competition intensifying in the beer space, it remains to be seen whether Constellation Brands’ beer portfolio will continue to enjoy strong demand.