Looking to juice your stock portfolio? Try Corona and Canopy (via philipvandoorn)
Randy Hare, the director of equity research at Huntington Private Bank in Cincinnati, said Constellation Brands is setting itself apart in the U.S. beer industry by spending money wisely, with long-term returns for shareholders in mind.
In an interview, Hare said selling part of the low-priced wine business “gives [Constellation] some flexibility to invest in their CBD market.” CBD stands for cannabidiol, a non-psychoactive ingredient in marijuana that’s known as a treatment for seizures, anxiety and pain. CBD-infused products are growing in popularity.
When asked about craft brewers’ increasing market share, he said: It has not been pressuring Constellation Brands. It is almost a different market. The craft-beer trend has been going on for years, while Constellation has grown their Corona and Modelo imports [from Mexico].” • Molson Coors TAP, +3.33% said net sales for 2018 were down 2.1% from a year earlier, while adjusted gross profit was down 6.4% and operating income was down 4.8%. The company’s U.S. delivery volume was down 3.9% for the year, while deliveries to wholesalers were down 4.4%.
He named two other examples: Automatic Data Processing ADP, -0.25% and Lockheed Martin Corp. LMT, +1.21%
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