Beverage Stocks to Watch: (STZ), (BEAM), (TAP), (BUD)
Investorideas.com reports on wine and beverage stocks trading
Category: Investment, Beverage
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Point Roberts, WA - February 8, 2013 (www.investorideas.com newswire, www.beveragestocks.com) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors reports on wine and beverage stocks trading for February 8th, 2013.
Beam Inc., (NASDAQ:BEAM) trading at $61.60 gained $0.11 or 0.18% on a volume of 226,810 shares.
Beam Inc. reported better-than-expected results for its fourth quarter where its earnings stood at 79 cents per share, up from 56 cents per share it had earned for the corresponding quarter of the last year. Its revenue for the quarter also increased to $709.1 million. The company’s stock is expected to continue to grow in this current strong spirits market.
Beam Inc. expanding by making acquisitions as it bought Pinnacle Vodka while a the same time it also plans to dispose of some of its brands, in order to restructure its business. Beam Inc., dumped some of its various brands like Calvert Extra and Dark Eyes Vodka as the company plans to focus on high-end, high-margin brands after this restructuring.
Constellation Brands (NASDAQ:STZ) trading at $32.24 moved up $0.65 or 2.06% on a volume of 2,375,607 shares.
Constellation Brands Inc. reported positive growth for its main brands in the first half of fiscal 2013 with an increase in both its net income and revenue for the period. However, the company is going through a difficult time regarding its acquisition deal with Grupo Modelo. Constellation Brands is looking to acquire Crown Imports which will let the company control the U.S. sales of popular beer brands including Corona. While the acquisition will help this distiller to consolidate its position, the deal is likely to take a long time to be finalized due to regulatory obstacles.
Constellation Brands stock grew over 40 percent in the past 12 months. It is expected to make major moves as and when the Grupo Modelo deal is finalized.
Molson Coors Brewing Company Inc., (NASDAQ:TAP) trading at $44.42 rose by $0.11 or 0.26% on a volume of 517,693 shares.
As opposed to its main competitor, AB In Bev, Molson has continued expanding its "craft beer" market and is moving towards growth in more high end beer due to a strengthening economy and strong spirits market.
Anheuser-Busch InBev (NASDAQ:BUD) trading at $85.82 dropped by $0.58 or 0.67% on a volume of 1,703,510 shares.
AB In Bev has signed on music superstar Justin Timberlake as ambassador for its Bud Light Platinum brand, appointing him Creative Director and responsible as the creative, musical and cultural curator for the brand. The relationship will launch during Sunday’s Grammy awards with Timberlake’s new single "Suit & Tie" featuring in "Platinum Night," the latest 60-second Bud Light Platinum ad.
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