|Bid||56.91 x 2900|
|Ask||57.00 x 3000|
|Day's Range||56.45 - 57.33|
|52 Week Range||46.22 - 57.56|
|Beta (5Y Monthly)||0.61|
|PE Ratio (TTM)||34.14|
|Earnings Date||Oct 20, 2021 - Oct 25, 2021|
|Forward Dividend & Yield||1.68 (3.12%)|
|Ex-Dividend Date||Jun 14, 2021|
|1y Target Est||59.59|
The beverage maker has a bigger market share in away-from-home channels like restaurants, theme parks, and sports venues.
"Hard seltzer category growth was negatively impacted by several developments: (1) slowing growth in household penetration as the market matures and there is less new trial, (2) a gradual transition of volume to the On-Premise channel as hard seltzer becomes a more regular option in that channel, (3) new hard seltzer brands at retail that resulted in a proliferation of choices and consumer confusion, and (4) a challenging comparative period of significant pantry loading related to On-Premise restrictions in the second quarter of 2020," said Jim Koch, Chairman of Boston Beer. In case you didn't know, Boston Beer owns Truly Hard Seltzer. Coca-Cola authorized Molson Coors to produce and sell its Topo Chico hard seltzer in the U.S.
This week, Coca-Cola (NYSE: KO) reported a sharp sales recovery thanks to waning demand pressure from the pandemic. The boost put the beverage titan back into record market share territory after about a year of declines. CEO James Quincey and his team also lifted their outlook for the rest of 2021 while warning about continued COVID-19-related risks in several major markets.