|Bid||62.03 x 800|
|Ask||69.69 x 800|
|Day's Range||63.96 - 64.98|
|52 Week Range||55.52 - 85.86|
|Beta (3Y Monthly)||0.41|
|PE Ratio (TTM)||8.90|
|Earnings Date||Feb 12, 2019|
|Forward Dividend & Yield||1.64 (2.54%)|
|1y Target Est||72.88|
The man who launched Blue Moon Brewing is trying again to be a ground-breaker, announcing Monday that he has developed a de-alcoholized craft beer infused with cannabis that will hit Colorado dispensaries in time for the Christmas season. Ceria Brewing Co., created by Keith Villa, will begin by putting beer into a number of Colorado cannabis shops, but it hopes to expand quickly to California, Nevada and other states that have legalized the sale and usage of recreational marijuana. It also will expand its initial single offering, a Belgian-style white ale similar to Blue Moon, to include an India Pale Ale and an American light lager by the first quarter of 2019.
Steam Whistle Brewing, one of the largest craft brewers in Canada, is reportedly interested in joining the cannabis industry. In an interview with BNN Bloomberg's David George-Cosh, Steam Whistle's Andy Burgess said its entry into the cannabis space might involve either the creation of a line of cannabis-infused beverages, or the launch of a Steam Whistle cannabis brand.
The beer industry is facing challenging times as production volume stagnates. U.S. beer sales volume was down 1 percent in 2017, according to statistics from the Brewers Association. Craft beer, which ...
Namely, a strong dollar hurting export demand, tariffs, higher oil, transportation, labor and interest costs, which all can negatively impact profit margins. Rising mortgage rates, loss of deductions in high-tax states and overheated markets are hampering high-end housing. With US oil companies solidly profitable at $50 a barrel, fundamentals support lower fuel inputs as commodities will tend to trade close to the cost of production over time.
MillerCoors has market tested the 25.4-ounce bottles in both its primary midwest markets in recent years, and launched them for sale nationwide this week through the end of the year.
If you want to know who really controls Molson Coors Brewing Company (NYSE:TAP), then you’ll have to look at the makeup of its share registry. Generally speaking, as a company Read More...
There’s no sugar coating it: Cannabis stocks have had a tough ride in the second half of October. Surprisingly though, many cannabis names held up fairly well — Aurora Cannabis (NYSE:ACB) included. It set up as one great sell-the-news event, something we weren’t surprised about when we looked at Canopy Growth (NYSE:CGC) earlier in the month.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Consumer Goods sector is rising.
NEW YORK, Nov. 05, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
Investing.com - Defensive corners of the market were not spared from the selloff Friday as consumer staples fell, led by plummeting shares of Kraft Heinz (NASDAQ:KHC) on the back of disappointing earnings.
MillerCoors parent company Molson Coors Brewing Company reported its 2018 third-quarter results Wednesday, and while underlying earnings numbers skewed positively, MillerCoors lost 3.3 percent volume domestically, primarily due to declines in the premium light segment, which includes Coors Light and Miller Lite.
Stocks that moved substantially or traded heavily Wednesday: General Motors Co., up $3.05 to $36.59 The automaker had a strong quarter as it raised prices in North America and reported a bigger profit ...
Stocks closed with gains for two consecutive days for the first and the final time for October, helped by earnings reports from Facebook and GM. Consensus EPS estimates rose this month.
Molson Coors CEO Mark Hunter said he sees the Canadian cannabis drink market as a tremendous opportunity as the company looks to pioneer the category. Several major breweries have shown a keen interest in cannabis-infused, non-alcoholic beverages, which could ultimately make up a big portion of revenue over time. The Coca-Cola Co (NYSE: KO) was rumored to jump on the cannabis-infused drink trend, but CEO James Quincey dismissed these rumors Tuesday.
Molson Coors (TAP) beats earnings and sales estimates in third-quarter 2018, backed by First Choice strategy, strong brand portfolio, and improved growth in Europe and International business unit.
“We think we’ve focused too much on Rocky Mountain lifestyle and not enough on what makes Coors Light unique as the world’s most refreshing beer," CEO Gavin Hattersley said during the company's third-quarter earnings call.
This is an increase over the company’s earnings per share of $1.34 from the third quarter of 2017. It was also a boon to TAP stock by coming in above Wall Street’s earnings per share estimate of $1.59 for the quarter. Net income reported by Molson Coors Brewing for the third quarter of 2018 came in at $338.30 million.