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Brown-Forman Spurns Constellation's Acquisition Approach
Tuesday, May 23, 2017 - 4:11pm | 256Read More...Brown-Forman Corporation (NYSE: BF-A) (NYSE: BF-B) rejected a buyout bid by Constellation Brands, Inc. (NYSE: STZ) Tuesday but conveyed the offer to the board, according to a CNBC report. The Jack Daniel’s owner allegedly said it had no interest in a sale, a perspective that aligns with the...
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The Many Effects Of Donald Trump's Domestic Jobs Initiative
Thursday, January 5, 2017 - 7:46am | 859Read More...While Donald Trump's inauguration to the United States presidency is imminent, visibility into his proposed policy issues remains cloudy. On the campaign trail, Trump promised many protectionist measures, in support of and promoting his slogan "Make America Great Again." Notable...
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Citi Ups Estimates, PT On Constellation Brands After Q2 Results Get A Boost From Beer
Friday, October 7, 2016 - 11:04am | 275Read More...Citi raised its estimates and price target on Constellation Brands, Inc. (NYSE: STZ) after better-than-expected second-quarter earnings on strong demand for beer and wine/spirits. Constellation Brands reported second-quarter adjusted EPS of $1.77, which beat consensus estimates by 11 cents, driven...
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Jim Cramer Praises Constellation Brands
Wednesday, October 5, 2016 - 10:57am | 301Read More...Shares of Constellation Brands, Inc. (NYSE: STZ) hit a new 52-week high of $173.55 Wednesday after the company reported its second quarter results and boosted its guidance. The company's strong earnings print attracted the attention of Jim Cramer, who made the producer and marketer of...
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Anheuser-Busch Inbev Offers 'Best Of Both Worlds'; Morgan Stanley Resumes Coverage At Overweight
Wednesday, October 5, 2016 - 9:09am | 467Read More...Morgan Stanley has resumed coverage of Anheuser Busch Inbev SA (ADR) (NYSE: BUD) with an Overweight rating, saying the acquisition of SABMiller significantly boosts Anheuser-Busch volume and sales growth. "We believe ABInBev offers the best combination of organic sales growth and self help across...
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Constellation Brands Is On Trend, But Earnings Expectations Keep Credit Suisse At Neutral
Friday, September 16, 2016 - 11:27am | 334Read More...Credit Suisse sees higher risk to Constellation Brands, Inc. (NYSE: STZ)'s earnings potentials until fiscal year 2018. Analysts Laurent Grandet and Clay Crumbliss also see pricing power as being pressured to retain volume growth. As a result, the analysts project EPS 2–3 percent below Street...
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Cramer: Constellation Brands Can 'Take Over The World'
Wednesday, April 6, 2016 - 3:21pm | 474Read More...Shares of Constellation Brands, Inc. (NYSE: STZ) were trading up more than 5 percent on Wednesday afternoon, following the announcement of the company’s fiscal fourth quarter financial results. Earnings of $1.19 per share came in $0.05 ahead of the Street’s consensus; revenue of $1....
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Tapping Into Constellation Brands' Growth, CEO Has Answers
Friday, April 10, 2015 - 1:48pm | 358Read More...Constellation Brands, Inc. (NYSE: STZ) came out with better-than-expected quarterly numbers on Thursday. Sales of the company rose 5 percent to $1.36 billion for the quarter, while EPS rose 34 percent to $1.06 year-over-year. Constellation Brands CEO Rob Sands was on CNBC recently to discuss...
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How These 5 Beer Companies Have Performed So Far This Year
Monday, August 18, 2014 - 4:23pm | 714Read More...According to a Gallup Poll released July 23, the American adult beverage of choice is beer. Of those Americans who consume alcohol, 41 percent prefer beer, 31 percent wine and 23 percent named liquor. As of 2013, there were about 2,822 breweries in the U.S, including 119 regional breweries,...
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5 Stocks To Heat Up Your Portfolio This Summer
Friday, June 20, 2014 - 7:03am | 1060Read More...Summer is here, and the U.S. stock market is heating up. Although the old adage on Wall Street is to "sell in May and go away," in 2014 that would have been a mistake, with the S&P 500 gaining around four percent since May 1. In fact, in recent days, both the S&P 500 and Dow...
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CarMax First To Pull Advertising From Clippers After Racist Remarks
Monday, April 28, 2014 - 1:54pm | 578Read More...Los Angeles Clippers owner Donald Sterling learned that derogatory comments about race are not tolerated—not just by fans, the public, politicians, and civil rights leaders but also by companies that write big checks to your team. CarMax (NYSE: KMX) on Monday became the first company to end its...
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Anheuser-Busch Nears Deal for Grupo Modelo
Monday, June 25, 2012 - 8:23am | 328Read More...Anheuser-Busch (NYSE: BUD), the brewing company that makes Budweiser beer, is close to buying the second half of Grupo Modelo. That will give the company control over the maker of Corona beer, as it already owns half. Grupo Modelo currently has a stock market value of about $23 billion, so the...
