389.01 +0.94 (0.24%)
After hours: 4:26PM EDT
|Bid||387.63 x 1000|
|Ask||387.98 x 1000|
|Day's Range||384.22 - 392.07|
|52 Week Range||230.93 - 444.65|
|Beta (3Y Monthly)||0.78|
|PE Ratio (TTM)||41.03|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The Zacks Analyst Blog Highlights: Anheuser-Busch, Tilray, Boston Beer, Constellation Brands and Aphria
A UBS survey shows that many members of the key demographics for hard seltzer consumption intend to take a month off for Sober September
Here's how picking top stocks is a lot like drafting picks for a fantasy football team. Plus, we take a look at stocks that have ties to the football industry.
Constellation Brands (STZ) witnesses strength in the beer business on strong shipment volume and depletions. But softness in the Wine & Spirits unit and Canopy Growth-related costs are headwinds.
On a day when trade worries and weak economic data hurt stocks, Medicines Company rose on a successful drug trial and Boston Beer fell following a downgrade.
Boston Beer stock plunged in Tuesday stock market trading after its was downgraded amid rising competition in the spiked seltzers space.
Investing.com - Brewer Boston Beer (NYSE:SAM) slid in midday trading Tuesday following a downgrade, but it wasn’t on worries about beer consumption.
Monster Beverage (MNST) witnesses momentum in its energy drinks category driven by the Monster Energy brand. However, higher input and operating costs hurt margins.
September is usually a rocky month for stocks and is even gloomier after a downbeat August. With escalating trade tensions and an inverted yield curve, choppy trading sessions are expected to persist this month.
Jefferies analyst Kevin Grundy downgraded Boston Beer Co. Inc. shares to underperform from hold on Tuesday, citing "competitive risk in hard seltzers." While Grundy expects the hard-seltzer category to double again by the end of 2021, he cites a recent Jefferies consumer survey indicating that there is low brand loyalty and strong interest in trying new brands within the hard-seltzer industry. "Recently announced entrants have experienced a significant ~6x/< ~40x the number of social-media interactions on Instagram/Twitter as incumbent brands, with most of the former also enjoying a greater number of total followers," he wrote. On Friday, Bank of America Merrill Lynch analyst Fernando Ferreira wrote that while social-media posts about beer were on the decline, posts mentioning hard seltzer were climbing, though only about 3% of those posts mentioned Truly, Boston Beer's brand. Bank of America said that 84% of posts mentioned White Claw, made by Mark Anthony Brands. Boston Beer shares have risen 39% over the past three months, as the S&P 500 has gained 6.6%.
Diageo (DEO) displays solid momentum on strong fundamentals as well as innovation and expansion initiatives. This bolsters the company's performance over the years.
Attractive stocks have exceptional fundamentals. In the case of The Boston Beer Company, Inc. (NYSE:SAM), there's is a...
It would appear there's a strong "buy the dip" case for Ambev (NYSE:ABEV) stock at the moment. Ambev stock has pulled back some 20% in barely a month on almost no news.Source: Daniel Spiess via FlickrReports in Brazilian media this month cited testimony that alleged the company was involved in the country's long-running corruption scandal, often referred to as Operation Car Wash. Ambev has denied any involvement. The company also pointed out that beverage taxes spiked in 2015 -- an increase the bribes ostensibly were meant to prevent. * 7 Tech Industry Dividend Stocks for Growth and Income Meanwhile, Ambev actually posted a blowout second quarter report last month, with Ambev stock touching a 52-week high on the news. A month later, the stock seems on track to touch a 2019 low. With a reported dividend yield of 5.5%, a more reasonable valuation, and potential growth in Latin America and Canada, the decline seems to present an opportunity.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat may be the case. ABEV is cheaper. Growth has been more impressive than it appears. But there are risks here, too -- risks highlighted by the recent decline. Investors should take a look at buying the dip in ABEV stock. They should also understand that the declines can continue. The Case for Ambev StockThere's a lot to like when it comes to Ambev stock. Valuation isn't necessarily cheap: the stock trades at 23.6x trailing twelve-month adjusted EPS. But EV/EBITDA, below 13x, is more attractive.In the context of the industry, those multiples are relatively benign. Anheuser-Busch InBev (NYSE:BUD), who owns over 60% of Ambev, trades at about 12x EV/EBITDA with a much weaker balance sheet. (A-B had to cut its dividend to manage its debt. Ambev has net cash.) Boston Beer (NYSE:SAM) trades at a massive premium to ABEV stock. Constellation Brands (NYSE:STZ,NYSE:STZ.B) trades at 21x forward earnings despite weaker growth of late.Investors usually are willing to pay a premium for beer or spirits companies because growth can last for decades. For a company like Ambev, whose leading brands in Brazil include Skol, Brahma, and Antarctica, that can be the case.Meanwhile, recent performance looks solid. Earnings took a tumble in 2016, owing to the aforementioned tax hike in Brazil. But normalized EBITDA, as the company terms it, increased nearly 9% year-over-year on an organic basis in the first half despite a big jump in input costs. That follows a 14% increase in 2018 on the same basis.To top it off, ABEV stock provides a solid dividend. Like many overseas companies, Ambev doesn't give a consistent payout. (In fact, it hasn't yet declared a dividend for this year, which is unusual.) But the 2018 payout totaled 12.6 cents - suggesting a 2.9% yield.So there's a nice combination of growth, value, and income -- at a cheaper price to boot. The Risks to ABEV StockThat said, the risks here need to be monitored as well. It's tempting to argue that the 20% decline from post-earnings highs came on no news, bribery allegations aside. But that doesn't mean they came for no reason.Over half of the company's profit comes from Brazil. (About 10% comes from Canada, where the company sells Lablatt beer. The remainder comes from elsewhere in Latin America and the Caribbean.) And investors have quickly soured on Brazilian stocks. The iShares MSCI Brazil Capped ETF (NYSEARCA:EWZ) has declined 14% in the past month.A weaker Brazilian real is an issue. But there is real emerging market risk here as well, with Argentina another sore spot. And so the fact that ABEV stock is cheaper than U.S. beer producers may not mean the stock is cheap. It probably should trade at a discount, given macroeconomic uncertainty and higher volatility.The other issue is the overall health of beer. Certainly, U.S. trends don't look particularly positive. Even SAM stock - which has gained over 80% - has benefited from non-beer growth.At the moment, the overall beer market in Brazil, at least, appears to be growing. But craft brewers are making inroads. The former 'set it and forget it' nature of buying beer stocks might be over -- as witnessed by the huge plunge in BUD stock last year.Both risks have hit ABEV stock hard in recent years. The case for ABEV wasn't terribly different last year at $7, or above $6 back in 2014. Returns for most shareholders, dividends included, have been negative over the past five years. Maybe this time is different; maybe ABEV stock finally is too cheap. Investors have said that before.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Tech Industry Dividend Stocks for Growth and Income * 7 Stocks the Insiders Are Buying on Sale * 7 of the Worst Stocks on Wall Street The post On the Dip, Ambev Stock Looks Attractive but Risky appeared first on InvestorPlace.
Keurig Dr Pepper (KDP) gains from strong in-market performance across most of its businesses and robust market share growth. Its acquisition and partnership strategy is also contributing to growth.
Brown-Forman's (BF.B) first-quarter fiscal 2020 results reflect impacts of tariffs and timing of customer orders despite strength in the United States.
AB InBev's (BUD) premiumization efforts as well as ongoing revenue management initiatives and strength in global brands position it for robust sales growth in the quarters ahead.
Boston Beer (SAM) remains committed to the three-point growth plan. Also, the company's focus on cost savings, long-term innovation, and the revival of Samuel Adams and Angry Orchard brands bode well.