Molson Coors Beverage Co

Apple (AAPL), Constellation Brands (STZ) and Ford Motor (F) were subject to Wall Street research on Wednesday. Here's the latest analyst commentary on these Club holdings, along with our view. Apple Analyst take: Baird lowered its estimate for iPhone manufacturing in Apple's fiscal first quarter by 8 million units, citing persistent challenges at an assembly plant in China . As a result, analysts at Baird cut the bank's forecast for total revenue in the fiscal first by 5.6% and revised its iPhone revenue estimate down by…

Witthaya Prasongsin | Moment | Getty ImagesBeer is taking up less of the American booze market as beverage companies flood the market with buzzy new drink categories, including ready-to-drink cocktails.Even legacy beer companies have expanded outside of their staple beer products with innovations for spirits drinkers.Anheuser-Busch InBev, the world's largest brewer, has diversified its portfolio to include hard seltzers, canned wine and canned cocktails. Molson Coors dropped the "Brewing Co" from its name in 2019 to…

Boxes of Cutwater Tiki Rum Mai Tai canned cocktails in a retail store in Pleasant Hill, California, February 11, 2022.Gado | Archive Photos | Getty ImagesHard seltzer has lost its fizz. Now canned cocktails are all the buzz.Also known as ready-to-drink, or RTD, cocktails, the canned drinks were the fastest-growing spirits category last year, with $1.6 billion in revenue. That's a 42% percent increase from the year before, according to the Distilled Spirits Council of the United States. To compare, sales of hard seltzer…

Bottles of Beam Inc.'s Jim Beam bourbon whiskey, center, are displayed for sale at a liquor store.Uriko Nakao | Bloomberg | Getty ImagesThe maker of Jim Beam said some price-sensitive whiskey and tequila drinkers are opting for cheaper bottles, making it the latest company to note diverging behaviors among lower- and higher-income customers.Beam Suntory CEO Albert Baladi told CNBC that the spirits company is starting to see "a little bit of tempering" of the super premium and ultra-super premium categories.Still, the…

A strong labor market with robust wage gains might mean the Fed still has more work to do. A strong labor market with robust wage gains might mean the Fed still has more work to do. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and…

A bottle of Molson Coors Brewing Co. Blue Moon brand beerTiffany Hagler-Geard | Bloomberg | Getty ImagesMolson Coors Beverage is seeing a split emerge among its customers as inflation hits their wallets: some beer drinkers are trading down, while others are still shelling out for pricier six-packs.Shares of the beverage company fell more than 10% in morning trading Tuesday as concerns about the uncertain macroeconomic environment weighed on the stock. The company reported second-quarter earnings and revenue roughly in…

Molson Golden and Coors Light beer bottles are pictured at the Asylum bar in New York.Andrew Harrer | Bloomberg | Getty ImagesMolson Coors Beverage will return to the Super Bowl next year, making its first appearance during the big game in more than 30 years.The move comes after archrival Anheuser-Busch InBev announced in June that it would end a 33-year deal with the NFL that made it the exclusive alcohol advertiser during the Super Bowl. The company still plans to run ads during the game this year.Since 1989, AB InBev's…

CNBC's Jim Cramer said Thursday that investors should be adding shares of Coca-Cola to portfolios."So far, in a very bad year for the stock market, Coca-Cola's been one of the really consistent winners out there. These guys were already putting up great numbers when inflation was insane in the first quarter," he said."Now that so many of their key costs have come down dramatically from their highs. … I think Coke's results will only just get better," he added.The "Mad Money" host said that there are four reasons why he…

A woman pushes a shopping cart through the grocery aisle at Target in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow.Jim Watson | AFP | Getty ImagesPeople still appear willing to shell out to travel, go to the movies and have a drink or two, even as surging prices and fears of a recession have them pulling back in other areas.How people spend their money is shifting as the economy slows and inflation pushes prices higher everywhere including gas stations,…

Brown-Forman and The Coca-Cola Company announce plans to debut Jack Daniel's® Tennessee Whiskey and Coca-Cola®™ Ready-to-Drink CocktailCourtesy: Coca-Cola CompanyCoca-Cola is teaming up with Jack Daniel's distiller Brown-Forman to make a Jack-and-Coke cocktail in a can.It marks the fourth new alcoholic drink in Coke's portfolio in less than two years, but the first pairing for its namesake soda. The Atlanta-based beverage giant has already partnered with Molson Coors Beverage on Topo Chico Hard Seltzer and Simply Spiked…