|Bid||0.00 x 800|
|Ask||170.61 x 800|
|Day's Range||170.39 - 171.20|
|52 Week Range||131.43 - 174.73|
|Beta (3Y Monthly)||0.46|
|PE Ratio (TTM)||26.65|
|Forward Dividend & Yield||2.74 (1.63%)|
|1y Target Est||172.74|
Sixteen of the world's biggest advertisers have joined together to push platforms such as Facebook, Twitter and Google's YouTube to do more to tackle dangerous and fake content online. The Global Alliance for Responsible Media will also include media buying agencies from the major ad groups - WPP, IPG, Publicis, Omnicom and Dentsu - as well as the platform owners, the group said on Tuesday at the ad industry's annual gathering in Cannes, France. Luis Di Como, executive vice president of global media at Unilever, said it was the first time that all sides of the industry had come together to tackle a problem that had far reaching consequences for society.
Pernod Ricard said on Friday it was acquiring Kentucky-based Rabbit Hole Whiskey, a high-end whiskey and bourbon maker founded seven years ago, as it seeks to expand its portfolio of specialty brands. "This partnership is the perfect implementation of our long-term investment strategy to create sustainable value," Pernod Ricard's Chief Executive Alexandre Ricard said in a statement. "Rabbit Hole is a fast-growing brand, strongly rooted in its (territory) and very well positioned in the high-end bourbon and Kentucky whiskey categories," he said.
NORWALK, Conn., June 13, 2019 /PRNewswire/ -- From your favorite casual dive to your neighborhood pub, Seagram's 7 Crown toasts watering holes across the country for its second annual National Dive Bar Day celebration on July 7. This year, the American whiskey is collaborating with indie rock duo, The Kills, to re-release two songs the band re-mastered for dive bar jukeboxes nationwide. On July 7, dive bar goers can raise a glass to these beloved American institutions while enjoying The Kills' re-released versions of Blue Moon and Night Train, complimentary to consumers across targeted TouchTunes jukeboxes in honor of National Dive Bar Day.
Moody's Investors Service has placed the US Virgin Islands' Caa3 issuer rating and the ratings of its four liens of matching fund revenue bonds on review with direction uncertain. The matching fund bonds were issued through the Virgin Islands Public Finance Authority.
SHELBYVILLE, Ky., June 11, 2019 /PRNewswire/ -- Now in its eighth year, the United States Bartenders' Guild (USBG) World Class Sponsored by Diageo announced Katie Renshaw as the 2019 U.S. Bartender of the Year following a two-day, five-challenge competition that culminated at the brand new, immersive, soon-to-open Bulleit Distilling Co. Visitor Experience on the Kentucky Bourbon Trail®. Based in Chicago, IL Renshaw's flawless attention to detail and outside-the-box thinking immediately caught the eye of the judges' table leading her to win the Bulleit Final Frontier Challenge as well as the national title.
Beer is being marketed as a wellness drink to enjoy after a tough workout. The world’s biggest spirits company Diageo proudly markets Seedlip, a non-alcoholic, botanical-infused drink for those who eschew alcohol but want a gin-like flavour. Worldwide alcohol consumption fell 1.6 per cent to 27.6bn cases last year, according to IWSR Drinks Market Analysis, with the blame (or credit depending on your point of view) being laid on consumers’ desire for healthier lifestyles.
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. To keep it practical...
GIMLI, Manitoba, June 6, 2019 /PRNewswire/ -- The Crown Royal brand continues to push the boundaries of innovation with different flavor offerings and finishing techniques, most recently highlighted by the introduction of the newest addition to the Noble Collection, Crown Royal Noble Collection French Oak Cask Finished. This limited-edition expression showcases Crown Royal Fine De Luxe, the standard of excellence for Canadian whisky, finished in new French oak barrels. The result is a whisky with captivating character, body and structure, that is still undeniably Crown Royal smooth.
NORWALK, Conn., June 5, 2019 /PRNewswire/ -- Smirnoff is launching its new "Welcome Home" campaign to roll out the welcome mat for the millions of LGBTQIA+ community members and allies expected to travel to New York for Pride celebrations. "Smirnoff is enjoyed around the world by the LGBTQIA+ community and its allies.
WHISTLER, BC , June 4, 2019 /CNW/ - WORLD CLASS CANADA showcases top bartenders from across the country who compete for the opportunity to represent Canada at the WORLD CLASS Global Finals that begin in Amsterdam, Netherlands on September 21 st, 2019 before moving on to Scotland's Isle of Skye and finally Glasgow for the final events, including the announcement of WORLD CLASS Global Bartender of the Year 2019 on September 26 th, 2019.
Drinks group Pernod Ricard , which is being targeted by activist investor Elliot , sounded confident on Tuesday over its growth prospects in Asia including for wines such as its Jacob's Creek brand. Pernod, the world's second-largest spirits group after Diageo, said it was "uniquely positioned" to quench a thirst for premium drinks, from a fast-growing, affluent middle class in Asia.
Europe's spirits makers announced plans on Tuesday to list the number of calories and ingredients in spirit drinks, as businesses and regulators step up efforts to cater for healthier lifestyles. The European Commission has, however, called on the sector to come up with a plan to regulate itself amid general interest for healthier eating and drinking habits. The European consumers organisation BEUC has said that, with Europe facing an obesity crisis, calorie content labelling for alcohol was a necessity.
Drinks group Pernod Ricard , which is being targeted by activist investor Elliot , on Tuesday struck a confident note over its growth prospects in Asia. Pernod said it was "uniquely positioned" to quench a thirst for premium drinks from a fast-growing, affluent middle class. Pernod, the world's second-largest spirits group after Diageo, said growth would continue to be fuelled by strong demand for its Martell cognac and Chivas whisky in China, and for its Seagram's whiskies in India.
President Donald Trump on May 30 issued a new threat to slap tariffs of as much as 25% on goods from Mexico, an escalation in his trade war that would raise the prices Americans pay for avocados and tequila. Autos are by far the largest category of Mexican-made products sold in the U.S., and top manufacturers from Audi AG to Volkswagen AG produce vehicles in the country. At the same time, Mexico also is a big supplier of fruit and drinks, and Trump’s latest volley may, therefore, mean less joy in Margaritaville this summer.
Tilray (NASDAQ:TLRY) stock, like other Canadian marijuana stocks, raised a lot of cash in 2018 and spawned a lot of hype. Now we will see if that cash can build a sustainable business.Source: Shutterstock Tilray got a slight bump with its recent earnings announcement -- a loss of $30.3 million, 32 cents fully diluted, on revenue of $23 million.The loss was excused by revenue being up 195% from the previous year. Tilray was finally able to do what it came to the market to do -- sell marijuana to willing adults. The company brought in nearly $7.9 million from pot sales, and nearly $5.6 million from edibles, as Canadians started enjoying the drug legally.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut this doesn't make Tilray a great investment. We don't yet know what Tilray can be. The Hype Machine for TLRY StockLast year, when Tilray and other marijuana stocks were raising money and selling dreams of pot billions, I called it Bitcoin, in that its value had no relationship to reality. * 7 Stocks to Buy for June The company went public last July with a first trade of $23.05. It was due to open May 29 at about $42.50. This means early investors have doubled their money, but those who bought the hype last fall, just like Bitcoin investors in late 2017, are out of the money. The stock peaked at $300 but traded over $100 regularly until December.None of this has any relation to market reality. Even if Tilray hits projections of $414 million in sales for all of 2020, you're still paying 10 times book at its current market cap of $4.3 billion.Tilray has also spent the last year supplying itself with sober executives from Goldman Sachs (NYSE:GS), Coca-Cola (NYSE:KO), Starbucks (NASDAQ:SBUX) and Diageo (NYSE:DEO). It also closed a partnership with Novartis (NYSE:NVS) that the Novartis CEO is tired of talking about.The hype machine did its job, but the get-rich-quick crowd has already sold. If you're going to make money in Tilray, it will be from real operations. Tilray and the Pot ShortageCanada, which began allowing some legal cannabis sales late in 2018, has about 37 million people. Compare that to California, which has nearly 40 million. That's a lot of market to supply, and most suppliers have had difficulty. How long the shortage lasts is a subject for debate, with some saying it's already ending.In the short run, Tilray has been focused on supply, and because it had supply it nearly doubled revenue estimates for the first quarter. Now Tilray is looking past the short-term shortage and seeking to play in as many aspects of legal marijuana as it can.As our Vince Martin writes, Tilray is focusing on branded products -- on oils and edibles, flavorings, additives and drugs. This will let it take advantage of a supply glut whenever that happens, and it's already starting in some markets. The Bottom LineThe fortunes of Tilray balance largely on its controlling shareholder, Privateer Holdings of Seattle (headed by Tilray CEO Brendan Kennedy), and its 78% stake. they have said they won't sell any of the stock in the first half of the year.It makes sense for those who got in with pennies on the dollar to get their investment back. But other investors are right to ask whether Privateer is in this for the long term.I think they are. Tilray had over $500 million in cash on its books after a convertible debt offering late last year, enough to fund its strategy shift away from the Canadian smoking market.If you believe in a long-term future for marijuana stocks, Tilray makes sense. Just wait until the stock overhang and the hype both clear before you seek an entry point.Dana Blankenhorn is a financial and technology journalist. He is the author of the mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this article. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for June * 7 Stocks to Buy From One of America's Best Pension Funds * 4 Consumer Staples Stocks for Both Income and Growth Compare Brokers The post Tilray Stock Keeps Its Eyes on the Future appeared first on InvestorPlace.
VANCOUVER, British Columbia , May 23, 2019 /CNW/ -- Trait Biosciences Inc., a rapidly growing leader in bio-technology focused on advancing the science of cannabinoid production within the Hemp & Cannabis industry, has appointed Peter J. McDonough , a proven global marketing leader, as its Chief Executive Officer. McDonough, who previously served on Trait's Board of Directors, takes the reins from Joseph del Moral, a cannabis industry veteran who successfully led the early formation of Trait. The Board's decision to change the company's leadership reflects Trait's expanding technology platforms and interest in leveraging McDonough's expertise in directing the science to support innovative CBD products within the rapidly evolving Hemp & Cannabis industry.
Every investor in Diageo plc (LON:DGE) should be aware of the most powerful shareholder groups. Generally speaking, as...
No one who follows Aphria (NYSE:APHA stock should have been surprised that the company's president, Jakob Ripshtein, resigned on May 14. Ever since interim CEO Irwin Simon was appointed Independent Chair of Aphria's board in December, it was only a matter of time before Simon, the entrepreneurial founder and former CEO of Hain Celestial (NASDAQ:HAIN), would play a more prominent role at the Canadian cannabis company. Out With the OldSimon stepped down in June 2018 from his role as CEO of Hain after years of sub-standard shareholder returns and a hard-court press from activist investor Engaged Capital.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy that Lost 10% Last Week Simon owned 1.7% of Hain's stock, but Engaged has an 11.3% stake, so Engaged's founder, Glenn Welling, was appointed to Hain's board in September 2017. Simon remained the chairman of Hain, the same role he now holds at Aphria. At 60 and in reasonably good health, Simon probably isn't ready to devote his life to the golf course and retirement. The resignation of Ripshtein, after Vic Neufeld stepped down as APHA's CEO in January, is another part of the changing of the guard at Aphria. I expect the board to soon remove the interim tag from Simon's current title. The Irwin Simon era at APHA has begun. The New COORipshtein joined Aphria in May 2018 as its chief commercial officer and was promoted to president six months later, before Simon arrived on the scene. While Simon's words of thank to Ripshteins in the company's press release were complimentary, it's clear by Aphria's choice for COO that Simon wasn't comfortable working with Ripshtein, a former CFO of Diageo's (NYSE:DEO) North American operations and former president of the liquor company's Canadian operations. "On behalf of the Board of Directors and Aphria team, we thank Jakob for his contributions to the Company over the past year and wish him well in his future endeavors. He has been instrumental in assembling the incredible team we are fortunate to have today that will carry his responsibilities forward," Irwin stated in Aphria's May 14 press release.The new COO is Jim Meiers, who happens to have come to Aphria after 14 years at Hain Celestial, where he worked alongside Simon. At Hain, Meiers hed several senior executive positions, including president of Celestial Seasonings. Before Hain, he worked at both H.J. Heinz and Kraft Foods. Meiers' hiring suggests two things.First, it's likely Simon wanted someone he could trust to execute Aphria's game plan and someone who's familiar with his style of management. Every change at the top involves a little turnover. I'm sure it wasn't personal. Secondly, Meiers' background suggests that Simon is looking to implement a supply chain which is more appropriate for a food company rather than a medical company. Both, however, require significant oversight, making the appointment a sensible one and positive for Aphria stock. The Bottom Line on Aphria StockThe moves announced May 14 are simply part of the ongoing transformation of Aphria from Vic Neufeld's baby to Irwin Simon's. One of two things is going to happen in the coming months. Either Simon will be appointed the permanent CEO (likely) or Meiers will become the chief executive (less likely but still possible). Given the spotty performance of Hain stock over the past 15 years, I don't know if Simon's rise to power at APHA is, overall, a good thing or a bad thing for the owners of Aphria stock. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Retirement Stocks That Won't Wilt in a Bear Market * 5 Consumer Stocks Ready to Push Higher * 3 of the Best ETFs to Buy for a Play on Gold Stocks Compare Brokers The post New Regime Will Impact Aphria Stock appeared first on InvestorPlace.
TULLAHOMA, Tenn., May 15, 2019 /PRNewswire/ -- In 1897, the federal government enacted The Bottled in Bond Act to help guarantee a spirit's authenticity and quality. Fast forward more than 120 years, Nicole Austin – General Manager and Distiller of Cascade Hollow Distilling Co. – is trying her hand at this special offering and reinforcing George Dickel's commitment to making unique, high quality whisky available at a great value with the release of George Dickel Bottled in Bond as her first innovation since joining the company in 2018. George Dickel Bottled in Bond Tennessee Whisky is a limited release, 13-year-old whisky that has already racked up a score of 95 (on a scale of 100) and earned the designation of "Best Buy" from Wine Enthusiast Magazine.
NORWALK, Conn., May 14, 2019 /PRNewswire/ -- Get ready to soar into summer atop the most colorful new hydroplane pool float, custom designed by Smirnoff Seltzer, FUNBOY and Jason Woodside and sure to make this summer the most fun one yet. To celebrate Smirnoff Seltzer's portfolio, including brand new "Four Ways to Rosé" pack featuring Pink Apple Rosé, White Peach Rosé, Strawberry Rosé and Raspberry Rosé, the brand partnered with adult pool float company FUNBOY and acclaimed artist Jason Woodside to create a one-of-a-kind hydroplane speed boat pool float inspired by the delicious Smirnoff Seltzer flavors.
The top beer stocks have a market cap exceeding $2 billion and are trading on leading American stock exchanges. Here are the top beer stocks of 2018.