Beverage Stocks to Watch: (DKAM), (ROX), (STZ), (ABV)
Category: Investment, Beverage
Visit: Drinks Americas Holdings Ltd.
Point Roberts, WA - February 13, 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 13th, 2013.
Drinks Americas Holdings Ltd., (OTC:DKAM) trading at $0.03 gained 6.90% on a volume of 32,481 shares, making it today's top beverage stock to watch.
Drinks Americas Holdings develops, owns, markets, and nationally distributes alcoholic premium beverages. In June 2011, the Company entered into a sales, distribution and licensing agreement with Worldwide Beverage Imports, LLC and is now selling and distributing KAH® Tequila, Agave 99® Tequila, Rio Bravo Beer, Crazy Pig Mexican Ale and Chili Devil Beer. The Company also markets Willie Nelson's Old Whiskey River Bourbon, Olifant Vodka, receives a royalty for Kid Rock's American Badass Beer and Damiana Mexican Liqueur, and owns and distributes Rheingold Beer.
Castle Brands Inc., (NASDAQ:ROX) trading at $0.28 moved up $0.01 or 2.94% on a volume of 4,392 shares.
Castle Brands is a developer and international marketer of premium beverage alcohol brands including: Gosling's Rum®, Jefferson's®, Jefferson's Presidential Select™ and Jefferson's Reserve® bourbon, Boru® vodka, Pallini® Limoncello, Raspicello and Peachcello, Knappogue Castle Whiskey'®, Clontarf® Irish whiskey, Betts & Scholl™ wines, cc: wines™. Celtic Honey® liqueur, Brady's® Irish Cream, A. De Fussigny® cognacs, Travis Hasse's Original® liqueurs, Gozio® amaretto and Tierras™ tequila.
Constellation Brands Inc., (NASDAQ:STZ) trading at $32.04 gained $0.55 or 1.75% on a high volume of 1,985,819 shares.
Constellation Brands has been on a steady decrease since the week following the Justice Department's block of Anheuser-Busch InBev's proposed purchase of Grupo Modelo. The DOJ feels the merger would serve up pricing command on a silver platter to AB InBev. By taking Grupo out of the equation, AB InBev would essentially be free to increase pricing without fear of losing market share.
AB InBev had announced in June 2012 that it would sell its stake in Crown Imports (joint venture between AB InBev and the wine company) to Constellation Brands. This deal would've allowed Constellation to solely distribute Mexican brewer Grupo Modelo's products in the U.S.
Companhia de Bebidas Das Americas (NASDAQ:ABV) trading at $46.75 rose by $0.43 or 0.93% on a volume of 838,902 shares.
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