wine

Alcohol company Constellation Brands, Inc. (NYSE: STZ) reached an agreement Wednesday to sell around 30 brands from its wine and spirits portfolio. What Happened Constellation Brands, perhaps best known for its Corona beer, will divest more than two dozen brands that retail for $11 and below,...

Constellation Brands, Inc. (NYSE: STZ) held a presentation this week with Street analysts to discuss its beer business outlook, which left at least two analysts positive on the outlook. The Main Takeaways Constellation Brands' presentation was led by incoming CEO Bill Newlands, Beer President...

Alcohol company Constellation Brands, Inc. (NYSE: STZ) saw its stock plunge more than 12 percent Wednesday in reaction to the company's guidance revision due to weakness in several business lines and a loss of value in its Canopy Growth Corp (NYSE: CGC) stake. What Happened Constellation Brands...

Not all sparkling wines are Champagnes, but all Champagnes are sparkling wines. Did you know that a sparkling wine must be from Champagne, France in order to use the name?  Want to sound like a pro the next time your friends call their glass of bubbly or sparkling wine “Champagne?...

Constellation Brands Inc. (NYSE: STZ) invested $4 billion in the cannabis company Canopy Growth Corp (NYSE: CGC) in August for a 38-percent stake in the company — and that move earned the beverage company a sell-side downgrade Thursday.  The Analyst Macquarie Research analyst Caroline...

After holding a neutral stance on Dollar Tree, Inc. (NASDAQ: DLTR) dating back to at least 2015, there are now three reasons Piper Jaffray is willing to turn bullish on the stock. The Analyst Piper Jaffray's Peter Keith upgraded Dollar Tree's stock from Neutral to Overweight with a...

BMO Capital Markets analyst Amit Sharma initiated coverage across the alcoholic beverage sector.  Constellation Brands, Inc. (NYSE: STZ) with an Outperform rating and $275 price target. Molson Coors Brewing Co (NYSE: TAP) with an Outperform rating and $95 price target. Brown-Forman...

We know that the fate of some industries better aligns with one political party over others. We’d never expect cannabis growers to vote Republican, and, at least last election cycle, private prisons were disincentivized to vote Democrat. But beer, wine and liquor producers seem less resolute...

The world’s largest tequila producer, José Cuervo (NYSE: JOSE), successfully launched its long-awaited IPO Wednesday to join the ranks of public companies capitalizing on vice. On day one, the affectionately termed “sin stock” raised more than $900 million with an IPO...

Wining may not get you many gifts from Santa, but it could save you a penny or two! It’s no secret that the holidays are associated with the “wow, I wish money grew on trees” mentality. Consider the expense of travel, gifts, perhaps new attire for the office Christmas party,...

Constellation Brands, Inc. (NYSE: STZ), the parent company behind iconic alcoholic brands including Corona and other national brands, announced several notable updates to its M&A activity. First, the company reached an agreement to sell its Canadian wine business to the Ontario Teachers'...

Unfortunately for investors, it may be much easier these days to find a good beer than to find a good beer stock. According to Citi analyst Wendy Nicholson, U.S. consumers are drinking more wine and spirits, which has put pressure on the beer business. Craft beer has been a strong growth segment in...

JD.Com Inc(ADR) (NASDAQ: JD), one of China's largest e-commerce players, announced on Wednesday it has expanded a partnership with Penfolds, one of Australia's most iconic wine brands. As part of the revised agreement, JD.com will become the first company that has been granted permission to sell...

When it comes to alcoholic beverages, consumers are opting for quality over quantity. Although Americans are going out less, recent data from GuestMetrics, a firm which surveys over 6,000 bars and restaurants, shows that consumers are spending more on high-priced beer, wine and spirits. Craft...

Drink up, friends. A Michigan bill that allows people to bring their own bottles of wine to bars restaurants takes effect Friday, and it's just in time for the St. Patrick's Day weekend. Introduced by State Representative Jim Stamas, House Bill 5046 makes it legal to bring an unopened bottle of...