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728100.0
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2014-06-04 00:00:00 UTC
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Brown-Forman Beats on Q4 Earnings - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/brown-forman-beats-on-q4-earnings-analyst-blog-2014-06-04
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Driven by solid top-line growth, prudent cost management and lower effective tax rate, Brown-Forman Corporation ( BF.B ) reported strong financial results for the fourth quarter and full fiscal 2014, wherein its bottom-line result for both the periods registered a robust year over year improvement as well as surpassed the Zacks Consensus Estimate.
Earnings for the fourth quarter came in at 62 cents per share, rising 17% year over year and beating the Zacks Consensus Estimate of 59 cents per share. Moreover, the company's fiscal 2014 earnings soared 11% year over year to $3.06 per share and were ahead of the Zacks Consensus Estimate of $3.02 per share.
Net sales for the fourth quarter increased 3% year over year to $893 million. Moreover, after deducting excise taxes, sales came in at $689 million, up 4.4% from the prior-year figure of $660 million. The rise was primarily driven by strong demand for whiskey across the regions where the company operates along with its geographical expansion initiatives. The Zacks Consensus Estimate for the quarter was $703 million.
Net sales for the full fiscal increased 4% year over year to $3,946 million. Moreover, after deducting excise taxes, sales came in at $2,991 million, up nearly 5% from the prior-year figure of $2,849 million. The Zacks Consensus Estimate for the quarter was $3,001 million.
Quarter in Detail
In the quarter, Brown-Forman's gross profit increased 7% to $493 million from $460 million in the year-ago comparable quarter primarily due to lower cost of sales as well as lesser excise tax paid. Consequently, gross margin improved 210 basis points (bps) to 55.2%.
Selling, general and administrative expenses (SG&A) increased 15% from the year-ago quarter to $207 million while advertising expenses increased 7% year over year to $166 million.
Operating profit rose 7% year over year to $189 million from $177 million in the prior-year period. Operating margin expanded 70 bps to 21.1% from 20.4% in the year-ago quarter as the benefit from improved gross margin was partially offset by higher operating expenses as a percentage of net sales.
Balance Sheet & Cash Flow
Brown-Forman ended the fiscal with cash and cash equivalents of $437 million and long-term debt of $997 million. During fiscal 2014, Brown-Forman, which competes with Diageo ( DEO ), generated $649 million of cash from operations, against $537 million in the previous fiscal. During the fiscal, the company returned $280 million to shareholders through dividend payments of $233 million and share repurchase worth $47 million.
Fiscal 2014 Guidance
Bolstered by better-than-expected fiscal 2014 performance, Brown-Forman expects the growth story to continue in Fiscal 2015 driven by solid worldwide demand for American whiskey. Therefore, the company anticipates the underlying and reported sales will grow in the range of 6% to 8% in fiscal 2015.
Moreover, operating income is expected to increase in the band of 9% to 11% on an underlying as well as reported basis. Based on the above expectations, the company projected earnings to be in the band of $3.25 to $3.45 per share for fiscal 2015. Currently, the Zacks Consensus Estimate for Brown-Forman stands at $3.30 per share.
Other Stocks to Consider
Currently, Brown-Forman carries a Zacks Rank #4 (Sell). However, some better-placed stocks in the beverages-alcohol industry are Constellation Brands Inc. ( STZ ) and Molson Coors Brewing Co. ( TAP ), both carrying a Zacks Rank #2 (Buy).
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BROWN FORMAN B (BF.B): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
MOLSON COORS-B (TAP): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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During fiscal 2014, Brown-Forman, which competes with Diageo ( DEO ), generated $649 million of cash from operations, against $537 million in the previous fiscal. Click to get this free report BROWN FORMAN B (BF.B): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report MOLSON COORS-B (TAP): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. Driven by solid top-line growth, prudent cost management and lower effective tax rate, Brown-Forman Corporation ( BF.B ) reported strong financial results for the fourth quarter and full fiscal 2014, wherein its bottom-line result for both the periods registered a robust year over year improvement as well as surpassed the Zacks Consensus Estimate.
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Click to get this free report BROWN FORMAN B (BF.B): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report MOLSON COORS-B (TAP): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. During fiscal 2014, Brown-Forman, which competes with Diageo ( DEO ), generated $649 million of cash from operations, against $537 million in the previous fiscal. Driven by solid top-line growth, prudent cost management and lower effective tax rate, Brown-Forman Corporation ( BF.B ) reported strong financial results for the fourth quarter and full fiscal 2014, wherein its bottom-line result for both the periods registered a robust year over year improvement as well as surpassed the Zacks Consensus Estimate.
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Click to get this free report BROWN FORMAN B (BF.B): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report MOLSON COORS-B (TAP): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. During fiscal 2014, Brown-Forman, which competes with Diageo ( DEO ), generated $649 million of cash from operations, against $537 million in the previous fiscal. Driven by solid top-line growth, prudent cost management and lower effective tax rate, Brown-Forman Corporation ( BF.B ) reported strong financial results for the fourth quarter and full fiscal 2014, wherein its bottom-line result for both the periods registered a robust year over year improvement as well as surpassed the Zacks Consensus Estimate.
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Click to get this free report BROWN FORMAN B (BF.B): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report MOLSON COORS-B (TAP): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. During fiscal 2014, Brown-Forman, which competes with Diageo ( DEO ), generated $649 million of cash from operations, against $537 million in the previous fiscal. Net sales for the fourth quarter increased 3% year over year to $893 million.
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728101.0
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2014-06-02 00:00:00 UTC
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Diageo to Pump $115M into Whisky - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/diageo-to-pump-%24115m-into-whisky-analyst-blog-2014-06-02
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nan
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nan
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Diageo plc ( DEO ), is geared to increase its presence in the whiskey category. In fiscal 2012 it announced plans to invest £1 billion ($1.64 billion) to increase Scotch whisky production. As a part of this strategy, Diageo recently declared that it further intends to strengthen the category by building a 1.8 million proof gallon distillery and six barrel storage warehouses in Shelby County, KY. The finalization of the $115 million construction project, however, is subject to approval by the local government.
The new facility, spread over 330 acres of land, will facilitate the distillation of several current and future Diageo bourbon and North American Whiskey brands. Diageo remains on track to increase its presence in the fast growing North American whiskey sector armed with its leading flagship and new-to-world brands. Moreover, per Nielsen market research company, bourbon is currently the fastest growing spirits category in the U.S.
In addition to the construction of the new distillery, Diageo announced its plans to invest £30 million ($49 million) to expand the Clynelish Scotch Distillery located in Sutherland town of Brora, Highland Council, in the beginning of calendar 2014. Moreover, it has undertaken a £25 million ($41 million) expansion plan in the Glen Ord Distillery, to increase its production capacity. Diageo also plans to increase the capacity at Teaninich Distilleries by two-fold and build a distillery at Alness in the near future.
In the third quarter of fiscal 2014, Diageo's North American segment's organic sales climbed 1.2% backed by strong business of the reserve brands. However, growth rate was slower than the previous quarter as organic sales growth was very high in the comparable quarter of the previous year. U.S. spirits delivered another good quarter with strong growth from super and ultra-premium brands and new innovation launches.
London-based Diageo owns brands such as Johnnie Walker, Smirnoff and Guinness and has been exploring opportunities to expand geographically through acquisitions. The Zacks Rank #4 (Sell) company has been witnessing declining total volume and organic sales for the past few quarters due to unfavorable foreign exchange.
Other stocks in the consumer staples sector worth considering are The Hain Celestial Group Inc. ( HAIN ), B&G Foods Inc. ( BGS ) and Inventure Foods Inc. ( SNAK ). All the stocks carry a Zacks Rank #2 (Buy).
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DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
HAIN CELESTIAL (HAIN): Free Stock Analysis Report
B&G FOODS CL-A (BGS): Free Stock Analysis Report
INVENTURE FOODS (SNAK): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Diageo plc ( DEO ), is geared to increase its presence in the whiskey category. Click to get this free report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report HAIN CELESTIAL (HAIN): Free Stock Analysis Report B&G FOODS CL-A (BGS): Free Stock Analysis Report INVENTURE FOODS (SNAK): Free Stock Analysis Report To read this article on Zacks.com click here. As a part of this strategy, Diageo recently declared that it further intends to strengthen the category by building a 1.8 million proof gallon distillery and six barrel storage warehouses in Shelby County, KY.
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Click to get this free report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report HAIN CELESTIAL (HAIN): Free Stock Analysis Report B&G FOODS CL-A (BGS): Free Stock Analysis Report INVENTURE FOODS (SNAK): Free Stock Analysis Report To read this article on Zacks.com click here. Diageo plc ( DEO ), is geared to increase its presence in the whiskey category. In fiscal 2012 it announced plans to invest £1 billion ($1.64 billion) to increase Scotch whisky production.
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Click to get this free report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report HAIN CELESTIAL (HAIN): Free Stock Analysis Report B&G FOODS CL-A (BGS): Free Stock Analysis Report INVENTURE FOODS (SNAK): Free Stock Analysis Report To read this article on Zacks.com click here. Diageo plc ( DEO ), is geared to increase its presence in the whiskey category. In addition to the construction of the new distillery, Diageo announced its plans to invest £30 million ($49 million) to expand the Clynelish Scotch Distillery located in Sutherland town of Brora, Highland Council, in the beginning of calendar 2014.
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Diageo plc ( DEO ), is geared to increase its presence in the whiskey category. Click to get this free report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report HAIN CELESTIAL (HAIN): Free Stock Analysis Report B&G FOODS CL-A (BGS): Free Stock Analysis Report INVENTURE FOODS (SNAK): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, it has undertaken a £25 million ($41 million) expansion plan in the Glen Ord Distillery, to increase its production capacity.
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728102.0
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2014-05-16 00:00:00 UTC
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Diageo plc (DEO) Enters Overbought Territory - Tale of the Tape
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DEO
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https://www.nasdaq.com/articles/diageo-plc-deo-enters-overbought-territory-tale-of-the-tape-2014-05-16
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nan
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Diageo plc ( DEO ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because DEO is now in overbought territory with an RSI value of 70.77.
What is RSI?
RSI stands for 'Relative Strength Index' and it is a popular indicator used by technically focused investors. It compares the average of gains in days that closed up to the average of losses in days that closed down; readings above 70 suggest an asset is overbought, while an RSI below 30 suggests undervalued conditions are present.
Other Factors
Yet DEO's high RSI value isn't the only reason for investors to be concerned, as there has been some decidedly negative earnings estimate revisions in Diageo plc's stock as of late. This is especially true when investors dive into some of these revisions in order to get a better picture of DEO's prospects for the near term.
Over the past two months, investors have witnessed 4 earnings estimate revisions lower compared to none higher for the current year. The consensus estimate for DEO has also been on a downward trend over the same time period too, as the estimate has fallen from $6.78/share two months ago to just $6.63/share today.
If this wasn't enough, Diageo plc also has a Zacks Rank #4 (Sell) which puts it into unfortunate company among its peers. So, given all of these factors, investors may want to consider exiting this stock now before it falls back to Earth.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Factors Yet DEO's high RSI value isn't the only reason for investors to be concerned, as there has been some decidedly negative earnings estimate revisions in Diageo plc's stock as of late. Diageo plc ( DEO ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because DEO is now in overbought territory with an RSI value of 70.77.
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Other Factors Yet DEO's high RSI value isn't the only reason for investors to be concerned, as there has been some decidedly negative earnings estimate revisions in Diageo plc's stock as of late. Click to get this free report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. Diageo plc ( DEO ) has moved higher as of late, but there could definitely be trouble on the horizon for this company.
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Other Factors Yet DEO's high RSI value isn't the only reason for investors to be concerned, as there has been some decidedly negative earnings estimate revisions in Diageo plc's stock as of late. Click to get this free report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. Diageo plc ( DEO ) has moved higher as of late, but there could definitely be trouble on the horizon for this company.
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Other Factors Yet DEO's high RSI value isn't the only reason for investors to be concerned, as there has been some decidedly negative earnings estimate revisions in Diageo plc's stock as of late. Diageo plc ( DEO ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because DEO is now in overbought territory with an RSI value of 70.77.
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43dacf92-4524-455a-b2f9-9699e8967793
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728103.0
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2014-05-13 00:00:00 UTC
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DEO Crosses Above Key Moving Average Level
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DEO
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https://www.nasdaq.com/articles/deo-crosses-above-key-moving-average-level-2014-05-13
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nan
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In trading on Tuesday, shares of Diageo plc (Symbol: DEO) crossed above their 200 day moving average of $126.05, changing hands as high as $126.15 per share. Diageo plc shares are currently trading down about 0.1% on the day. The chart below shows the one year performance of DEO shares, versus its 200 day moving average:
Looking at the chart above, DEO's low point in its 52 week range is $111.87 per share, with $134.08 as the 52 week high point - that compares with a last trade of $125.71.
According to the ETF Finder at ETF Channel, DEO makes up 2.57% of the Vanguard FTSE Europe ETF (Symbol: VGK) which is trading lower by about 0.3% on the day Tuesday.
Click here to find out which 9 other stocks recently crossed above their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Tuesday, shares of Diageo plc (Symbol: DEO) crossed above their 200 day moving average of $126.05, changing hands as high as $126.15 per share. The chart below shows the one year performance of DEO shares, versus its 200 day moving average: Looking at the chart above, DEO's low point in its 52 week range is $111.87 per share, with $134.08 as the 52 week high point - that compares with a last trade of $125.71. According to the ETF Finder at ETF Channel, DEO makes up 2.57% of the Vanguard FTSE Europe ETF (Symbol: VGK) which is trading lower by about 0.3% on the day Tuesday.
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In trading on Tuesday, shares of Diageo plc (Symbol: DEO) crossed above their 200 day moving average of $126.05, changing hands as high as $126.15 per share. The chart below shows the one year performance of DEO shares, versus its 200 day moving average: Looking at the chart above, DEO's low point in its 52 week range is $111.87 per share, with $134.08 as the 52 week high point - that compares with a last trade of $125.71. According to the ETF Finder at ETF Channel, DEO makes up 2.57% of the Vanguard FTSE Europe ETF (Symbol: VGK) which is trading lower by about 0.3% on the day Tuesday.
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In trading on Tuesday, shares of Diageo plc (Symbol: DEO) crossed above their 200 day moving average of $126.05, changing hands as high as $126.15 per share. The chart below shows the one year performance of DEO shares, versus its 200 day moving average: Looking at the chart above, DEO's low point in its 52 week range is $111.87 per share, with $134.08 as the 52 week high point - that compares with a last trade of $125.71. According to the ETF Finder at ETF Channel, DEO makes up 2.57% of the Vanguard FTSE Europe ETF (Symbol: VGK) which is trading lower by about 0.3% on the day Tuesday.
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In trading on Tuesday, shares of Diageo plc (Symbol: DEO) crossed above their 200 day moving average of $126.05, changing hands as high as $126.15 per share. According to the ETF Finder at ETF Channel, DEO makes up 2.57% of the Vanguard FTSE Europe ETF (Symbol: VGK) which is trading lower by about 0.3% on the day Tuesday. The chart below shows the one year performance of DEO shares, versus its 200 day moving average: Looking at the chart above, DEO's low point in its 52 week range is $111.87 per share, with $134.08 as the 52 week high point - that compares with a last trade of $125.71.
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1f476f57-d0ee-4f13-b004-dba164127127
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728104.0
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2014-05-13 00:00:00 UTC
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Gabelli Asset Management Comments on Diageo plc
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DEO
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https://www.nasdaq.com/articles/gabelli-asset-management-comments-diageo-plc-2014-05-13
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nan
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nan
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Diageo plc (2.4%) ( DEO )(DEO - $124.59 - NYSE) is the leading global producer of alcoholic beverages, with brands including Smirnoff, Johnny Walker, Ketel One, Captain Morgan, Crown Royal, J&B, Baileys, Tanqueray, and Guinness. The company has a balanced geographic presence in both mature and emerging markets, and it benefits from the trend of consumers around the world trading up to premium brand products. In 2011 and 2012, Diageo made several acquisitions that enhanced its presence in emerging markets: Mey Icki, the leading spirits company in Turkey; Shui Jing Fang, a leading Chinese baiju producer; Ypioca, the leading cachaca producer in Brazil; and an increased stake in Halico, the leading domestic spirits producer in Vietnam. Diageo also made an investment in United Spirits, the leading spirits producer in India, which will provide the company with the leading position in another fast-growing emerging market. Longtime executive Ivan Menezes took over as CEO on July 1, 2013, and we expect him to continue to drive the company's growth in both mature and emerging markets.
Tweedy Browne Undervalued Stocks
Tweedy Browne Top Growth Companies
Tweedy Browne High Yield stocks
Mario Gabelli Undervalued Stocks
Mario Gabelli Top Growth Companies
Mario Gabelli High Yield stocks
Mario Gabelli Undervalued Stocks
Mario Gabelli Top Growth Companies
Mario Gabelli High Yield stocks
Mario Gabelli Undervalued Stocks
Mario Gabelli Top Growth Companies
Mario Gabelli High Yield stocks
From Mario Gabelli ( Trades , Portfolio )'s Value 25 Fund first quarter 2014 shareholder commentary. About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
This article first appeared on GuruFocus .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Diageo plc (2.4%) ( DEO )(DEO - $124.59 - NYSE) is the leading global producer of alcoholic beverages, with brands including Smirnoff, Johnny Walker, Ketel One, Captain Morgan, Crown Royal, J&B, Baileys, Tanqueray, and Guinness. The company has a balanced geographic presence in both mature and emerging markets, and it benefits from the trend of consumers around the world trading up to premium brand products. Longtime executive Ivan Menezes took over as CEO on July 1, 2013, and we expect him to continue to drive the company's growth in both mature and emerging markets.
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Diageo plc (2.4%) ( DEO )(DEO - $124.59 - NYSE) is the leading global producer of alcoholic beverages, with brands including Smirnoff, Johnny Walker, Ketel One, Captain Morgan, Crown Royal, J&B, Baileys, Tanqueray, and Guinness. Diageo also made an investment in United Spirits, the leading spirits producer in India, which will provide the company with the leading position in another fast-growing emerging market. Tweedy Browne Undervalued Stocks Tweedy Browne Top Growth Companies Tweedy Browne High Yield stocks Mario Gabelli Undervalued Stocks Mario Gabelli Top Growth Companies Mario Gabelli High Yield stocks Mario Gabelli Undervalued Stocks Mario Gabelli Top Growth Companies Mario Gabelli High Yield stocks Mario Gabelli Undervalued Stocks Mario Gabelli Top Growth Companies Mario Gabelli High Yield stocks From Mario Gabelli ( Trades , Portfolio )'s Value 25 Fund first quarter 2014 shareholder commentary.
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Diageo plc (2.4%) ( DEO )(DEO - $124.59 - NYSE) is the leading global producer of alcoholic beverages, with brands including Smirnoff, Johnny Walker, Ketel One, Captain Morgan, Crown Royal, J&B, Baileys, Tanqueray, and Guinness. In 2011 and 2012, Diageo made several acquisitions that enhanced its presence in emerging markets: Mey Icki, the leading spirits company in Turkey; Shui Jing Fang, a leading Chinese baiju producer; Ypioca, the leading cachaca producer in Brazil; and an increased stake in Halico, the leading domestic spirits producer in Vietnam. Tweedy Browne Undervalued Stocks Tweedy Browne Top Growth Companies Tweedy Browne High Yield stocks Mario Gabelli Undervalued Stocks Mario Gabelli Top Growth Companies Mario Gabelli High Yield stocks Mario Gabelli Undervalued Stocks Mario Gabelli Top Growth Companies Mario Gabelli High Yield stocks Mario Gabelli Undervalued Stocks Mario Gabelli Top Growth Companies Mario Gabelli High Yield stocks From Mario Gabelli ( Trades , Portfolio )'s Value 25 Fund first quarter 2014 shareholder commentary.
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Diageo plc (2.4%) ( DEO )(DEO - $124.59 - NYSE) is the leading global producer of alcoholic beverages, with brands including Smirnoff, Johnny Walker, Ketel One, Captain Morgan, Crown Royal, J&B, Baileys, Tanqueray, and Guinness. In 2011 and 2012, Diageo made several acquisitions that enhanced its presence in emerging markets: Mey Icki, the leading spirits company in Turkey; Shui Jing Fang, a leading Chinese baiju producer; Ypioca, the leading cachaca producer in Brazil; and an increased stake in Halico, the leading domestic spirits producer in Vietnam. About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors.
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cc61df23-22fc-49a5-a948-ab87bd3d770c
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728105.0
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2014-05-06 00:00:00 UTC
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Pandora's New Promoted Stations - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/pandoras-new-promoted-stations-analyst-blog-2014-05-06
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nan
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nan
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Recently, Pandora Media Inc. ( P ) launched its new music recommendation unit called Promoted Stations. This new unit will feature sponsor-branded listening stations whereby Pandora will receive some payments from these brands for advertising their respective stations. However, the monetary details of the deal have not been revealed.
Taco Bell ( YUM ), Diageo's ( DEO ) Crown Royal, Skechers ( SKX ) and Sonos are among the 10 brands that have already signed for the program. However, currently this initiative will be available to only 10.0% of Pandora's roughly 75.0 million monthly listeners.
The functioning of the Promoted Stations will be very easy to follow. The stations operated by the brands will appear at the top of Pandora's "Stations You Might Like" window, which in turn bears a strong resemblance to Twitter 's ( TWTR ) "Who to Follow" box.
However, Pandora still has not figured out the details regarding the targeted listeners for these branded stations. Neither has the pricing of the stations been finalized.
Pandora earns about 80.0% of its revenue from advertising and is relying on the revenue stream to offset its large content acquisition costs. The company grew its advertising revenue by 45% in the first quarter to $140.6 million.
With an eye to enhance and diversify its revenues in the near future, Pandora is extending its footsteps into various new spheres. In Mar 2014, Pandora partnered with Peet's Coffee to create four branded stations that provide the soundtracks in Peet's stores. This happened to be the company's first initiative to extend its listening service into a retail space of any sort.
We believe that this newly-launched feature will work especially well on mobiles, which approximately account for about 80.0% of Pandora's overall listening and 74.0% of the company's last quarter revenues.
Pandora enjoys a first mover's advantage in the music streaming industry. Pandora's already popular service driven by its effective discovery engine and well established infrastructure will boost its listener base in the near term.
Moreover, Pandora's initiative of launching in-car advertising is a major positive in the long run. The company's partnerships with major car manufacturers such as Ford Motor Co. ( F ) will help it to launch the service in more than 130 models. Moreover, it also has partnerships with Taco Bell, BP and StateFarm.
However, rising cost of licensing music remains a major concern in the near term. We believe Pandora's move to raise ad-free subscription price may result in a higher churn-rate in the near term. Further, intensifying competition from the likes of Apple ( AAPL ), Sirius XM ( SIRI ) and Spotify remains a major headwind.
Currently, Pandora has a Zacks Rank #4 (Sell).
APPLE INC (AAPL): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
FORD MOTOR CO (F): Free Stock Analysis Report
PANDORA MEDIA (P): Free Stock Analysis Report
SIRIUS XM HLDGS (SIRI): Free Stock Analysis Report
SKECHERS USA-A (SKX): Free Stock Analysis Report
TWITTER INC (TWTR): Free Stock Analysis Report
YUM! BRANDS INC (YUM): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Taco Bell ( YUM ), Diageo's ( DEO ) Crown Royal, Skechers ( SKX ) and Sonos are among the 10 brands that have already signed for the program. APPLE INC (AAPL): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report PANDORA MEDIA (P): Free Stock Analysis Report SIRIUS XM HLDGS (SIRI): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report TWITTER INC (TWTR): Free Stock Analysis Report YUM! Pandora's already popular service driven by its effective discovery engine and well established infrastructure will boost its listener base in the near term.
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Taco Bell ( YUM ), Diageo's ( DEO ) Crown Royal, Skechers ( SKX ) and Sonos are among the 10 brands that have already signed for the program. APPLE INC (AAPL): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report PANDORA MEDIA (P): Free Stock Analysis Report SIRIUS XM HLDGS (SIRI): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report TWITTER INC (TWTR): Free Stock Analysis Report YUM! BRANDS INC (YUM): Free Stock Analysis Report To read this article on Zacks.com click here.
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APPLE INC (AAPL): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report PANDORA MEDIA (P): Free Stock Analysis Report SIRIUS XM HLDGS (SIRI): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report TWITTER INC (TWTR): Free Stock Analysis Report YUM! Taco Bell ( YUM ), Diageo's ( DEO ) Crown Royal, Skechers ( SKX ) and Sonos are among the 10 brands that have already signed for the program. This new unit will feature sponsor-branded listening stations whereby Pandora will receive some payments from these brands for advertising their respective stations.
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Taco Bell ( YUM ), Diageo's ( DEO ) Crown Royal, Skechers ( SKX ) and Sonos are among the 10 brands that have already signed for the program. APPLE INC (AAPL): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report PANDORA MEDIA (P): Free Stock Analysis Report SIRIUS XM HLDGS (SIRI): Free Stock Analysis Report SKECHERS USA-A (SKX): Free Stock Analysis Report TWITTER INC (TWTR): Free Stock Analysis Report YUM! This new unit will feature sponsor-branded listening stations whereby Pandora will receive some payments from these brands for advertising their respective stations.
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2014-05-01 00:00:00 UTC
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Boston Beer Q1 Earnings Miss, Outlook Intact - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/boston-beer-q1-earnings-miss-outlook-intact-analyst-blog-2014-05-01
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Boston Beer Co. Inc. ( SAM ) reported first-quarter 2014 earnings per share of 62 cents that came below the Zacks Consensus Estimate of 71 cents. However, the company's quarterly earnings reflected a substantial improvement from the year-ago quarter earnings of 11 cents per share.
Results for the quarter benefited from an increase in shipments, offset by higher advertising, promotional and selling expenses and the inclusion of 6 cents per share gain from federal income tax settlement that was recorded in the prior-year quarter.
Quarterly Discussion
Net revenue for the quarter rose 35% year over year to $183.8 million and came ahead of the Zacks Consensus Estimate of $171.0 million, primarily attributable to an increase of 32% in core shipment volume. Price increases during the quarter were approximately 2%.
Moreover, depletions improved by a solid 34% in the quarter gaining from strong depletions rate for the company's Samuel Adams, Angry Orchard and Twisted Tea brands.
During the quarter, the strength in the Samuel Adams brand was due to the celebrations for Boston Beer's 30th Anniversary, the rollout of Rebel IPA and strong sales of its Seasonal beers. Overall, the company's brands gained from strong brand support, that came from increased media spend, expansion of sales force and other brand support investments.
The company's gross profit increased approximately 33.5% year over year to $90.5 million. However, as a percentage of net revenue, it contracted 100 basis points (bps) to 49% impacted by the product mix, higher brewery processing costs and customer program and incentive costs, which did not fully offset the price increases in the quarter.
Advertising, promotional and selling expenses soared 41.2% to $61.3 million driven by higher investments in media advertising, point of sale and local marketing, increased costs for extra sales personnel and commissions, and augmented freight to distributors due to higher volumes.
General and administrative expenses grew 8.9% to $15.9 million primarily due to increases in salary and benefit costs and consulting expenses.
Operating income in the quarter came in at $13.4 million, up 38.1% from the year-ago quarter level of nearly $9.7 million. Operating margin expanded 20 bps to 7.3% due to improved sales.
Balance Sheet
Boston Beer, which competes with Diageo plc ( DEO ), ended the quarter with cash and cash equivalents of $28.0 million compared with $49.5 million as of Dec 28, 2013. Long-term debt and capital lease obligations excluding current maturities stood at $528.0 million while stockholders' equity was $344.1 million as of Mar 29, 2014.
Fiscal 2014 Outlook
The company reiterated its fiscal 2014 earnings per share guidance in the range of $6.00 - $6.40. However, the company expects actual results to deviate from the targeted numbers.
Earnings projections for the year are based on depletion and shipment growth target in the range of 16% - 20%. Further, to offset the rise in ingredient, packaging and freight costs as well as increased investments in brands, it anticipates price increases of about 2%.
Gross margin is projected to range between 51% and 53%. Spending toward advertising, promotional and selling expenses are expected to be in the band of $34.0 to $42.0 million. Effective tax rate for the period is forecasted to be approximately 38%.
The company highlighted plans to incur investments for its existing brands developed by Alchemy & Science to the tune of $4 million - $7 million. These expenses form a part of the projected increases in advertising, promotional and selling expenses for the year.
Further, the company narrowed its estimated capital spending for the year to be in the range of $160 million - $200 million, compared to its previous forecast of $160 - $220 million. Moreover, the company stated that the investments related to Alchemy & Science projects are included in the capital spending forecast.
Currently, Boston Beer has a Zacks Rank #4 (Sell). Better-ranked stocks within the industry are Constellation Brands Inc. ( STZ ) and Molson Coors Brewing Company ( TAP ), both of which sport a Zacks Rank #2 (Buy).
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
BOSTON BEER INC (SAM): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
MOLSON COORS-B (TAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Balance Sheet Boston Beer, which competes with Diageo plc ( DEO ), ended the quarter with cash and cash equivalents of $28.0 million compared with $49.5 million as of Dec 28, 2013. DIAGEO PLC-ADR (DEO): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report MOLSON COORS-B (TAP): Free Stock Analysis Report To read this article on Zacks.com click here. Advertising, promotional and selling expenses soared 41.2% to $61.3 million driven by higher investments in media advertising, point of sale and local marketing, increased costs for extra sales personnel and commissions, and augmented freight to distributors due to higher volumes.
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DIAGEO PLC-ADR (DEO): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report MOLSON COORS-B (TAP): Free Stock Analysis Report To read this article on Zacks.com click here. Balance Sheet Boston Beer, which competes with Diageo plc ( DEO ), ended the quarter with cash and cash equivalents of $28.0 million compared with $49.5 million as of Dec 28, 2013. Overall, the company's brands gained from strong brand support, that came from increased media spend, expansion of sales force and other brand support investments.
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Balance Sheet Boston Beer, which competes with Diageo plc ( DEO ), ended the quarter with cash and cash equivalents of $28.0 million compared with $49.5 million as of Dec 28, 2013. DIAGEO PLC-ADR (DEO): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report MOLSON COORS-B (TAP): Free Stock Analysis Report To read this article on Zacks.com click here. Quarterly Discussion Net revenue for the quarter rose 35% year over year to $183.8 million and came ahead of the Zacks Consensus Estimate of $171.0 million, primarily attributable to an increase of 32% in core shipment volume.
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Balance Sheet Boston Beer, which competes with Diageo plc ( DEO ), ended the quarter with cash and cash equivalents of $28.0 million compared with $49.5 million as of Dec 28, 2013. DIAGEO PLC-ADR (DEO): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report MOLSON COORS-B (TAP): Free Stock Analysis Report To read this article on Zacks.com click here. Price increases during the quarter were approximately 2%.
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2014-04-23 00:00:00 UTC
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Unfavorable Fx Lowers Diageo Q3 Sales - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/unfavorable-fx-lowers-diageo-q3-sales-analyst-blog-2014-04-23
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Diageo plc 's ( DEO ) sales have been affected negatively since the first quarter of fiscal 2014 by the unfavorable foreign exchange translation. The trend has continued in the third quarter reported recently. On Apr 17, 2014 Diageo reported interim management statement for the third quarter of fiscal 2014 ended Mar 31, 2014. Organic net sales (i.e. total revenue minus excise duties) declined 1.3%. Volume slipped 1.0% from the year-ago period due to unfavorable currency translations and lower consumer confidence resulting from the ongoing macroeconomic headwinds.
Segment Details
Diageo's reportable segments are North America, Western Europe, Africa, Eastern Europe and Turkey, Latin America and the Caribbean and Asia Pacific region.
During the third quarter, emerging markets witnessed soft top-line results due to weak consumer confidence resulting from the continuing unfavorable currency translations. However, results in the developed markets were in line with the first half of the year.
In Western Europe , Diageo's organic sales went up 1.2% in the third quarter as the region benefited partially from some restocking.
In North American , organic sales climbed 1.2% backed by strong business of the reserve brands. However, growth rate was slower than the previous quarter as organic sales growth was very high in the comparable quarter of the previous year.
In Africa, Eastern Europe and Turkey , organic sales declined 5.2% during the period due to slowdown in South Africa, which offset the growth in Turkey, Nigeria and Russia. In Kenya, the Senator Keg brand witnessed slow sales.
The Latin America and Caribbean delivered strong performance in the quarter, with organic sales growth of 27.7% backed by robust performance in Brazil. However, results were partly offset by weakness in Mexico and Venezuela.
In the Asia Pacific region, sales slid 19.0% organically due to negative impact from the political instability in Thailand and weaker performance in Chinese white spirits in the last three months.
The company is increasing marketing investment in all the geographical segments, with greater focus on the premium brands. The strategy of transitioning to high-margin high-priced products is improving the company's margins.
London-based Diageo, owns brands such as Johnnie Walker, Smirnoff and Guinness and has been exploring opportunities to expand geographically through acquisitions. The Zacks Rank #3 (Hold) stock has acquired companies with strong indigenous presence like Mey Içki in Turkey, ShuiJingFang in China and Halico in Vietnam in fiscal 2012.
Other stocks in the consumer staples sector worth considering are Supervalu Inc. ( SVU ), McCormick & Company, Incorporated ( MKC ) and Mondelez International Inc. ( MDLZ ). All the stocks carry a Zacks Rank #2 (Buy).
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
MONDELEZ INTL (MDLZ): Free Stock Analysis Report
MCCORMICK & CO (MKC): Free Stock Analysis Report
SUPERVALU INC (SVU): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Diageo plc 's ( DEO ) sales have been affected negatively since the first quarter of fiscal 2014 by the unfavorable foreign exchange translation. DIAGEO PLC-ADR (DEO): Free Stock Analysis Report MONDELEZ INTL (MDLZ): Free Stock Analysis Report MCCORMICK & CO (MKC): Free Stock Analysis Report SUPERVALU INC (SVU): Free Stock Analysis Report To read this article on Zacks.com click here. Volume slipped 1.0% from the year-ago period due to unfavorable currency translations and lower consumer confidence resulting from the ongoing macroeconomic headwinds.
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DIAGEO PLC-ADR (DEO): Free Stock Analysis Report MONDELEZ INTL (MDLZ): Free Stock Analysis Report MCCORMICK & CO (MKC): Free Stock Analysis Report SUPERVALU INC (SVU): Free Stock Analysis Report To read this article on Zacks.com click here. Diageo plc 's ( DEO ) sales have been affected negatively since the first quarter of fiscal 2014 by the unfavorable foreign exchange translation. Segment Details Diageo's reportable segments are North America, Western Europe, Africa, Eastern Europe and Turkey, Latin America and the Caribbean and Asia Pacific region.
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DIAGEO PLC-ADR (DEO): Free Stock Analysis Report MONDELEZ INTL (MDLZ): Free Stock Analysis Report MCCORMICK & CO (MKC): Free Stock Analysis Report SUPERVALU INC (SVU): Free Stock Analysis Report To read this article on Zacks.com click here. Diageo plc 's ( DEO ) sales have been affected negatively since the first quarter of fiscal 2014 by the unfavorable foreign exchange translation. During the third quarter, emerging markets witnessed soft top-line results due to weak consumer confidence resulting from the continuing unfavorable currency translations.
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Diageo plc 's ( DEO ) sales have been affected negatively since the first quarter of fiscal 2014 by the unfavorable foreign exchange translation. DIAGEO PLC-ADR (DEO): Free Stock Analysis Report MONDELEZ INTL (MDLZ): Free Stock Analysis Report MCCORMICK & CO (MKC): Free Stock Analysis Report SUPERVALU INC (SVU): Free Stock Analysis Report To read this article on Zacks.com click here. Segment Details Diageo's reportable segments are North America, Western Europe, Africa, Eastern Europe and Turkey, Latin America and the Caribbean and Asia Pacific region.
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2014-04-16 00:00:00 UTC
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Diageo Announces Public Offer for USL - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/diageo-announces-public-offer-for-usl-analyst-blog-2014-04-16
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British spirits company Diageo plc ( DEO ) has announced a tender offer to its public shareholders for 26% of the stake of India based brewer United Spirits Limited (USL). This 26% represents 37.8 billion shares of USL priced at INR 3,030 per share ($50.1 per share).
Diageo has launched the tender offer through Relay B.V., a wholly owned indirect subsidiary of Diageo. The offer will help Diageo to increase its stake to 54.78%.
Per a Nov 2012 agreement, Diageo aims to acquire a 53.4% stake in the latter for £1.285 billion ($2.05 billion) and gain a foothold in the fast-growing alcohol market in India.
Out of this 53.4% Diageo took over 27.4% stake in United Spirits for INR 1,440 per share ($26.32 per share), amounting to a total consideration of £660 million ($1.05 billion).
United Spirits is owned by Indian entrepreneur Dr. Vijay Mallya. It is the largest alcohol company of India and commands a portfolio of more than 140 brands.
In addition, in Jan 2013, Diageo management and Mallya has formed a joint venture to own the traditional sorghum beer business of South Africa-based United National Breweries. The 50-50 joint venture forays into certain emerging markets of Africa and Asia (excluding India).
London-based Diageo carrying a Zacks Rank #3 (Hold), owns brands such as Johnnie Walker, Smirnoff and Guinness and has been exploring opportunities to expand geographically through acquisitions. Diageo has acquired companies with strong indigenous presence like Mey Içki in Turkey, ShuiJingFang in China and Halico in Vietnam in fiscal 2012.
Other stocks in the consumer staples sector worth considering are Supervalu Inc. ( SVU ), Diamond Foods Inc . ( DMND ) and Mondelez International Inc. ( MDLZ ). All the stocks carry a Zacks Rank #2 (Buy).
INR 1.00 = $0.02
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
DIAMOND FOODS (DMND): Free Stock Analysis Report
MONDELEZ INTL (MDLZ): Free Stock Analysis Report
SUPERVALU INC (SVU): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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British spirits company Diageo plc ( DEO ) has announced a tender offer to its public shareholders for 26% of the stake of India based brewer United Spirits Limited (USL). DIAGEO PLC-ADR (DEO): Free Stock Analysis Report DIAMOND FOODS (DMND): Free Stock Analysis Report MONDELEZ INTL (MDLZ): Free Stock Analysis Report SUPERVALU INC (SVU): Free Stock Analysis Report To read this article on Zacks.com click here. In addition, in Jan 2013, Diageo management and Mallya has formed a joint venture to own the traditional sorghum beer business of South Africa-based United National Breweries.
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DIAGEO PLC-ADR (DEO): Free Stock Analysis Report DIAMOND FOODS (DMND): Free Stock Analysis Report MONDELEZ INTL (MDLZ): Free Stock Analysis Report SUPERVALU INC (SVU): Free Stock Analysis Report To read this article on Zacks.com click here. British spirits company Diageo plc ( DEO ) has announced a tender offer to its public shareholders for 26% of the stake of India based brewer United Spirits Limited (USL). London-based Diageo carrying a Zacks Rank #3 (Hold), owns brands such as Johnnie Walker, Smirnoff and Guinness and has been exploring opportunities to expand geographically through acquisitions.
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British spirits company Diageo plc ( DEO ) has announced a tender offer to its public shareholders for 26% of the stake of India based brewer United Spirits Limited (USL). DIAGEO PLC-ADR (DEO): Free Stock Analysis Report DIAMOND FOODS (DMND): Free Stock Analysis Report MONDELEZ INTL (MDLZ): Free Stock Analysis Report SUPERVALU INC (SVU): Free Stock Analysis Report To read this article on Zacks.com click here. Out of this 53.4% Diageo took over 27.4% stake in United Spirits for INR 1,440 per share ($26.32 per share), amounting to a total consideration of £660 million ($1.05 billion).
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British spirits company Diageo plc ( DEO ) has announced a tender offer to its public shareholders for 26% of the stake of India based brewer United Spirits Limited (USL). DIAGEO PLC-ADR (DEO): Free Stock Analysis Report DIAMOND FOODS (DMND): Free Stock Analysis Report MONDELEZ INTL (MDLZ): Free Stock Analysis Report SUPERVALU INC (SVU): Free Stock Analysis Report To read this article on Zacks.com click here. Out of this 53.4% Diageo took over 27.4% stake in United Spirits for INR 1,440 per share ($26.32 per share), amounting to a total consideration of £660 million ($1.05 billion).
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2014-04-09 00:00:00 UTC
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Diageo Enhances Whiskey Line-Up - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/diageo-enhances-whiskey-line-up-analyst-blog-2014-04-09
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Diageo plc 's ( DEO ) subsidiary House of Haig introduced its latest Haig Club Single Grain Scotch Whiskey in the U.K. Moreover, the leading brewer has decided to rope in soccer player David Beckham and British entrepreneur, Simon Fuller, to add celebrity power to the innovation.
Haig Club, to be launched in late 2014, has been developed by the House of Haig. It has been prepared by three types of grain whiskey and combines the taste of butter scotch and toffee. The whiskey has been approved by renowned taster Dave Broom and has been described as a 'versatile spirit'.
House of Haig, owner of Haig Blended Scotch Whisky and Dimple Scotch Whisky, is Scotland's oldest grain whisky producer. It started operating in 1824 from John Haig's Cameronbridge Distillery.
Diageo is putting a lot of focus on the growing whiskey category. In 2012, it announced plans to invest £1 billion ($1.64 billion) to increase Scotch whisky production by 2017. Diageo is a leader in the whiskey category and strengthens the segment by expanding its existing whiskey production facilities and continuous innovation.
The U.K.-based brewer released the first-half 2014 earnings in Jan 2014. Earnings went up 4% year over year on a local currency basis to 62.6 pence (99.2 cents* per share) from 60.2 pence (95.9 cents** per share).
The increase in profit was the result of strong organic growth of Diageo's strategic brands. Increasing reach to the burgeoning middle class coupled with fast penetration into emerging markets also contributed to the positive results.
The Zacks Rank #2 (Buy) stock is one of the top players in the spirit category. The company also commands a leading position both in the beer and vodka markets with a strong portfolio of globally recognized flagship brands, including Smirnoff, Johnnie Walker, Captain Morgan, Bailey's and Guinness.
Some better-ranked stock in the consumer staples sector worth considering are Supervalu Inc. ( SVU ), Diamond Foods Inc . ( DMND ) and Inventure Foods Inc. ( SNAK ). All the stocks carry a Zacks Rank #2 (Buy).
*£1=$1.58444 (average price of the half year ended Dec 31, 2013).
**£1=$1.59292 (average price of the half year ended Dec 31, 2012)
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
DIAMOND FOODS (DMND): Free Stock Analysis Report
INVENTURE FOODS (SNAK): Free Stock Analysis Report
SUPERVALU INC (SVU): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Diageo plc 's ( DEO ) subsidiary House of Haig introduced its latest Haig Club Single Grain Scotch Whiskey in the U.K. **£1=$1.59292 (average price of the half year ended Dec 31, 2012) DIAGEO PLC-ADR (DEO): Free Stock Analysis Report DIAMOND FOODS (DMND): Free Stock Analysis Report INVENTURE FOODS (SNAK): Free Stock Analysis Report SUPERVALU INC (SVU): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, the leading brewer has decided to rope in soccer player David Beckham and British entrepreneur, Simon Fuller, to add celebrity power to the innovation.
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Diageo plc 's ( DEO ) subsidiary House of Haig introduced its latest Haig Club Single Grain Scotch Whiskey in the U.K. **£1=$1.59292 (average price of the half year ended Dec 31, 2012) DIAGEO PLC-ADR (DEO): Free Stock Analysis Report DIAMOND FOODS (DMND): Free Stock Analysis Report INVENTURE FOODS (SNAK): Free Stock Analysis Report SUPERVALU INC (SVU): Free Stock Analysis Report To read this article on Zacks.com click here. In 2012, it announced plans to invest £1 billion ($1.64 billion) to increase Scotch whisky production by 2017.
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Diageo plc 's ( DEO ) subsidiary House of Haig introduced its latest Haig Club Single Grain Scotch Whiskey in the U.K. **£1=$1.59292 (average price of the half year ended Dec 31, 2012) DIAGEO PLC-ADR (DEO): Free Stock Analysis Report DIAMOND FOODS (DMND): Free Stock Analysis Report INVENTURE FOODS (SNAK): Free Stock Analysis Report SUPERVALU INC (SVU): Free Stock Analysis Report To read this article on Zacks.com click here. House of Haig, owner of Haig Blended Scotch Whisky and Dimple Scotch Whisky, is Scotland's oldest grain whisky producer.
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**£1=$1.59292 (average price of the half year ended Dec 31, 2012) DIAGEO PLC-ADR (DEO): Free Stock Analysis Report DIAMOND FOODS (DMND): Free Stock Analysis Report INVENTURE FOODS (SNAK): Free Stock Analysis Report SUPERVALU INC (SVU): Free Stock Analysis Report To read this article on Zacks.com click here. Diageo plc 's ( DEO ) subsidiary House of Haig introduced its latest Haig Club Single Grain Scotch Whiskey in the U.K. House of Haig, owner of Haig Blended Scotch Whisky and Dimple Scotch Whisky, is Scotland's oldest grain whisky producer.
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2014-03-26 00:00:00 UTC
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Beam Shareholders Approve Takeover by Suntory - Analyst Blog
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https://www.nasdaq.com/articles/beam-shareholders-approve-takeover-by-suntory-analyst-blog-2014-03-26
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The acquisition of the world's fourth largest spirit company, Beam Inc. ( BEAM ), by Japanese beverage company, Suntory Holdings Ltd., has moved a step further after the former's shareholders gave their formal approval yesterday. The transaction will expectedly close by the end of April.
Prior to this, at the beginning of March, the Deerfield, IL-based spirit maker got an important regulatory approval from the U.S. Federal Trade Commission, which granted it an early termination of waiting period for review of the transaction under the Hart-Scott-Rodino Act, also known as HSR Act. Hence, as of now, Beam has to get the nod from the European Union.
The HSR Act restrains companies from completing certain mergers, acquisitions and transfer of assets or securities, until all the necessary documents are filed with the U.S. Federal Trade Commission and Department of Justice.
On Jan 13, Beam had signed a deal to be acquired by Suntory in an all-cash transaction. Suntory Holdings offered $83.50 per share to buy all outstanding shares of the American manufacturer of spirits. The total buyout amount, including Beam's net debt, is approximately $16 billion.
The Japanese beverage company's offer price is 25% higher than Beam's closing price of $66.97 on Jan 10. Moreover, the valuation comes at a multiple of 20 times of Beam's twelve-month earnings before interest, taxes, depreciation and amortization (EBITDA) ended on Sep 30 last year and a premium of 24% to the last three months volume-weighted average share price.
After the deal is sealed, Suntory Holdings will become the world's third largest whiskey company after Diageo plc ( DEO ) and Pernod-Ricard SA, and will reap annual revenues of about $4.3 billion.
The alcoholic beverage industry has been witnessing major consolidation in recent times. In Jan 2014, Anheuser-Busch InBev SA/NV ( BUD ) or AB InBev, in order to strengthen its position in the Asia-Pacific region, entered into an agreement with KKR and Affinity Equity Partners to reacquire its South Korean asset - Oriental Brewery - for a sum of $5.8 billion. Notably, it marked the second biggest alcohol transaction of 2014 after the Beam-Suntory deal.
Currently, Beam carries a Zacks Rank #2 (Buy). Another brewer worth consideration is Brown-Forman Corporation ( BF.B ) with a Zacks Rank #2.
BEAM INC (BEAM): Free Stock Analysis Report
BROWN FORMAN B (BF.B): Free Stock Analysis Report
ANHEUSER-BU ADR (BUD): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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After the deal is sealed, Suntory Holdings will become the world's third largest whiskey company after Diageo plc ( DEO ) and Pernod-Ricard SA, and will reap annual revenues of about $4.3 billion. BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. The HSR Act restrains companies from completing certain mergers, acquisitions and transfer of assets or securities, until all the necessary documents are filed with the U.S. Federal Trade Commission and Department of Justice.
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BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. After the deal is sealed, Suntory Holdings will become the world's third largest whiskey company after Diageo plc ( DEO ) and Pernod-Ricard SA, and will reap annual revenues of about $4.3 billion. The acquisition of the world's fourth largest spirit company, Beam Inc. ( BEAM ), by Japanese beverage company, Suntory Holdings Ltd., has moved a step further after the former's shareholders gave their formal approval yesterday.
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BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. After the deal is sealed, Suntory Holdings will become the world's third largest whiskey company after Diageo plc ( DEO ) and Pernod-Ricard SA, and will reap annual revenues of about $4.3 billion. The acquisition of the world's fourth largest spirit company, Beam Inc. ( BEAM ), by Japanese beverage company, Suntory Holdings Ltd., has moved a step further after the former's shareholders gave their formal approval yesterday.
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After the deal is sealed, Suntory Holdings will become the world's third largest whiskey company after Diageo plc ( DEO ) and Pernod-Ricard SA, and will reap annual revenues of about $4.3 billion. BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. On Jan 13, Beam had signed a deal to be acquired by Suntory in an all-cash transaction.
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32645892-4d27-417c-98ca-468248b59332
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728111.0
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2014-03-06 00:00:00 UTC
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Diageo, Wirtz Beverage in a Distribution Deal - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/diageo-wirtz-beverage-in-a-distribution-deal-analyst-blog-2014-03-06
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nan
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nan
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London-based Diageo plc ( DEO ) has been relentlessly focusing on emerging markets to offset the declining volume in Europe and North America. As part of this strategy it has entered into a distribution agreement with Wirtz Beverage Group, a distributor of luxury and premium wine, spirits and beer brands in Canada.
Under the deal, a brokerage identity called Wirtz Beverage Canada will be formed which will be the exclusive distributor of Diageo's beer, wine, spirits and Ready to Drink brands in Canada, effective July 1, 2014.
The new agreement will allow Diageo to use the dedicated sales force of Wirtz Beverage group who are familiar with both Diageo's brands as well as the Canadian alcohol market.
Wirtz Beverage Canada will operate under the leadership of Julian Burzynski, Wirtz Beverage Executive Vice President. However, Diageo Canada will supervise all other aspects of its business in the region.
Declining consumption of alcohol in developed markets following the economic slowdown is becoming a concern for brewers around the world. Diageo, which currently carries a Zacks Rank #3 (Hold), is also looking for ways to attract customers to keep the top line at decent levels.
In Jan 2014, it started the Orphan Barrel Whiskey Distilling Company to tap into the growing base of whiskey lovers to source rare and old whiskeys from distilleries worldwide. The company is also undertaking restoration projects for several distilleries and visitor centers to attract traffic.
In Jan 2014, Diageo released the first-half fiscal 2014 earnings. The U.K.-based brewer's earnings for the reported half went up 4% y/y on a local currency basis to 62.6 pence (99.2 cents* per share) from 60.2 pence (95.9 cents** per share). The increase in profit was the result of strong organic growth of Diageo's strategic brands. Increasing reach to the burgeoning middle class coupled with fast penetration into emerging markets also contributed to the positive results.
Other Stocks to Consider
Constellation Brands Inc. ( STZ ) is a better-ranked stock in the same sector with a Zacks Rank #2 (Buy). Some other stocks in the consumer staples sector worth considering are Diamond Foods Inc . ( DMND ) and The Hain Celestial Group Inc. ( HAIN ). Both the stocks carry a Zacks Rank #2 (Buy).
*£1=$1.58444 (average price of the half year ended Dec 31, 2013).
**£1=$1.59292 (average price of the half year ended Dec 31, 2012).
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
DIAMOND FOODS (DMND): Free Stock Analysis Report
HAIN CELESTIAL (HAIN): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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London-based Diageo plc ( DEO ) has been relentlessly focusing on emerging markets to offset the declining volume in Europe and North America. DIAGEO PLC-ADR (DEO): Free Stock Analysis Report DIAMOND FOODS (DMND): Free Stock Analysis Report HAIN CELESTIAL (HAIN): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. As part of this strategy it has entered into a distribution agreement with Wirtz Beverage Group, a distributor of luxury and premium wine, spirits and beer brands in Canada.
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DIAGEO PLC-ADR (DEO): Free Stock Analysis Report DIAMOND FOODS (DMND): Free Stock Analysis Report HAIN CELESTIAL (HAIN): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. London-based Diageo plc ( DEO ) has been relentlessly focusing on emerging markets to offset the declining volume in Europe and North America. *£1=$1.58444 (average price of the half year ended Dec 31, 2013).
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DIAGEO PLC-ADR (DEO): Free Stock Analysis Report DIAMOND FOODS (DMND): Free Stock Analysis Report HAIN CELESTIAL (HAIN): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. London-based Diageo plc ( DEO ) has been relentlessly focusing on emerging markets to offset the declining volume in Europe and North America. Under the deal, a brokerage identity called Wirtz Beverage Canada will be formed which will be the exclusive distributor of Diageo's beer, wine, spirits and Ready to Drink brands in Canada, effective July 1, 2014.
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DIAGEO PLC-ADR (DEO): Free Stock Analysis Report DIAMOND FOODS (DMND): Free Stock Analysis Report HAIN CELESTIAL (HAIN): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. London-based Diageo plc ( DEO ) has been relentlessly focusing on emerging markets to offset the declining volume in Europe and North America. Under the deal, a brokerage identity called Wirtz Beverage Canada will be formed which will be the exclusive distributor of Diageo's beer, wine, spirits and Ready to Drink brands in Canada, effective July 1, 2014.
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de6dee02-e19a-4be0-91c1-706bba773076
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728112.0
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2014-03-06 00:00:00 UTC
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US Regulators Approve Beam-Suntory Deal - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/us-regulators-approve-beam-suntory-deal-analyst-blog-2014-03-06
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nan
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nan
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The acquisition of the world's fourth largest spirit company, Beam Inc. ( BEAM ), by Japanese beverage company, Suntory Holdings Ltd., moved a step forward after the U.S. Federal Trade Commission gave an important regulatory approval. The transaction will expectedly close in April.
The Deerfield, Ill.-based spirit maker yesterday announced that the U.S. Federal Trade Commission has granted an early termination of waiting period for review of the transaction under the Hart-Scott-Rodino Act, also known as HSR Act.
The HSR Act restricts companies in completing certain mergers, acquisitions and transfer of assets or securities, until they have duly filed all the documents with the U.S. Federal Trade Commission and Department of Justice.
Hence, as of now, Beam has to get the nod from the European Union and final approval from its shareholders. Management has called for a special meeting of stockholders on Mar 25, 2014 for approval of the transaction.
On Jan 13, Beam had signed a deal to be acquired by Suntory in an all-cash transaction. Suntory Holdings offered $83.50 per share to buy all outstanding shares of the American manufacturer of spirits. The total buyout amount, including Beam's net debt, is approximately $16 billion.
The Japanese beverage company's offer price is 25% higher than Beam's closing price of $66.97 on Jan 10. Moreover, the valuation comes at a multiple of 20 times of Beam's twelve-month earnings before interest, taxes, depreciation and amortization (EBITDA) ended on Sep 30 last year and a premium of 24% to the last three months volume-weighted average share price.
After the deal is sealed, Suntory Holdings will become the world's third largest whiskey company after Diageo plc ( DEO ) and Pernod-Ricard SA, and will reap annual revenues of about $4.3 billion.
The alcoholic beverage industry has been witnessing major consolidation in recent times. In Jan 2014, Anheuser-Busch InBev SA/NV ( BUD ) or AB InBev, in order to strengthen its position in the Asia-Pacific region, entered into an agreement with KKR and Affinity Equity Partners to reacquire its South Korean asset - Oriental Brewery - for a sum of $5.8 billion. Notably, it marked the second biggest alcohol transaction of 2014 after the Beam-Suntory deal.
Currently, Beam carries a Zacks Rank #3 (Hold). A better-ranked brewer worth consideration is Constellation Brands Inc. ( STZ ) with a Zacks Rank #2 (Buy).
BEAM INC (BEAM): Free Stock Analysis Report
ANHEUSER-BU ADR (BUD): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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After the deal is sealed, Suntory Holdings will become the world's third largest whiskey company after Diageo plc ( DEO ) and Pernod-Ricard SA, and will reap annual revenues of about $4.3 billion. BEAM INC (BEAM): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. The HSR Act restricts companies in completing certain mergers, acquisitions and transfer of assets or securities, until they have duly filed all the documents with the U.S. Federal Trade Commission and Department of Justice.
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BEAM INC (BEAM): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. After the deal is sealed, Suntory Holdings will become the world's third largest whiskey company after Diageo plc ( DEO ) and Pernod-Ricard SA, and will reap annual revenues of about $4.3 billion. The acquisition of the world's fourth largest spirit company, Beam Inc. ( BEAM ), by Japanese beverage company, Suntory Holdings Ltd., moved a step forward after the U.S. Federal Trade Commission gave an important regulatory approval.
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BEAM INC (BEAM): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. After the deal is sealed, Suntory Holdings will become the world's third largest whiskey company after Diageo plc ( DEO ) and Pernod-Ricard SA, and will reap annual revenues of about $4.3 billion. The acquisition of the world's fourth largest spirit company, Beam Inc. ( BEAM ), by Japanese beverage company, Suntory Holdings Ltd., moved a step forward after the U.S. Federal Trade Commission gave an important regulatory approval.
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After the deal is sealed, Suntory Holdings will become the world's third largest whiskey company after Diageo plc ( DEO ) and Pernod-Ricard SA, and will reap annual revenues of about $4.3 billion. BEAM INC (BEAM): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. The acquisition of the world's fourth largest spirit company, Beam Inc. ( BEAM ), by Japanese beverage company, Suntory Holdings Ltd., moved a step forward after the U.S. Federal Trade Commission gave an important regulatory approval.
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728113.0
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2014-03-04 00:00:00 UTC
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Is Craft Beer Beating Big Beer?
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DEO
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https://www.nasdaq.com/articles/craft-beer-beating-big-beer-2014-03-04
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nan
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nan
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A battle has been heating up between craft beer and "big beer" for the past few years. And 2013 beer production data is painting an interesting picture.
580 breweries from every state and with brands as large as Anheuser Busch's ( BUD ) Budweiser sampled 2,700 unique beers during the three day festival. One thing was clear to all 49,000 attendees, the craft beer industry is thriving.
What's the difference between "craft beer" and "big beer?"
Craft breweries produce less than six million barrels of beer per year. Microbreweries are those producing less than 15,000 barrels. Everything else we'll call "big beer."
Today, Sam Adams producer Boston Beer ( SAM ) makes around three million barrels between its Sam Adams, Twisted Tea and Angry Orchard brands, qualifying it large, but still a craft brewer.
Craft beers tend to have strong regional and local followings, rather than a national following. So what do does the data show about craft beer trends?
Despite global beer production falling 1.4%, craft beer production was up 9.6% in 2013. The number of craft breweries is way up as well. Just take a look at the chart below from the Brewers Association .
Craft beer industry group Brewers Association reports that 1.2 breweries open every single day. With more than 2,500 breweries operating in the U.S. alone, the industry supports more than 100,000 jobs.
You may have noticed that the draft list at your local bar has changed considerably in the last few years.
It wasn't long ago that draft choices were essentially limited to Anheuser Busch's Bud and Bud Light, Coors and Coors Light from Molson Coors Brewing Company ( TAP ) and perhaps Guinness, a brand owned by Diageo ( DEO ) . The tavern closest to my home serves 20 draft beers, including 12 from craft breweries. Sure, this is anecdotal, but the draft list looks pretty similar across the country.
Why is craft beer outperforming big beer?
"The innovative nature of these craft brewers has driven this market," says a representative of the Brewers Association. "Every brewer in the market seems like they're brewing something new that you've never heard of."
But "craft" doesn't just mean bacon-infused porters, dry-hopped IPAs and jalapeno flavored red ales.
While a large segment of the beer drinking population still prefers the Bud and Bud Light of the world, the craft beer drinking population seems to have grown bored with these offerings and moved on.
Even the big beer companies recognize this trend.
These days all of the major beer companies have "craft" offerings. For example Shock Top is a Belgian-style wheat beer owned by Anheuser Busch. Blue Moon is similar to Shock Top, except that it is owned by MillerCoors. Both brands are positioned as "craft" beers even though their ownership is "big beer."
Craft beer is becoming big business. The Brewers Association reported in late 2013 that the overall economic contribution of craft breweries is approaching $34 billion.
The large beer producers will benefit from the growth of craft beer through their "craft" brands. Anheuser Busch is up 8% in the last year while Molson Coors is up 25%. But brands like Boston Beer and Craft Brew Alliance ( BREW ) are the real winners in the category, with direct exposure to the explosive growth of craft beer.
Shares of the two companies are up 51% and 146% respectively over the last year and poised to move higher as craft beer continues to grow.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It wasn't long ago that draft choices were essentially limited to Anheuser Busch's Bud and Bud Light, Coors and Coors Light from Molson Coors Brewing Company ( TAP ) and perhaps Guinness, a brand owned by Diageo ( DEO ) . 580 breweries from every state and with brands as large as Anheuser Busch's ( BUD ) Budweiser sampled 2,700 unique beers during the three day festival. Craft beer industry group Brewers Association reports that 1.2 breweries open every single day.
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It wasn't long ago that draft choices were essentially limited to Anheuser Busch's Bud and Bud Light, Coors and Coors Light from Molson Coors Brewing Company ( TAP ) and perhaps Guinness, a brand owned by Diageo ( DEO ) . Today, Sam Adams producer Boston Beer ( SAM ) makes around three million barrels between its Sam Adams, Twisted Tea and Angry Orchard brands, qualifying it large, but still a craft brewer. Craft beer industry group Brewers Association reports that 1.2 breweries open every single day.
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It wasn't long ago that draft choices were essentially limited to Anheuser Busch's Bud and Bud Light, Coors and Coors Light from Molson Coors Brewing Company ( TAP ) and perhaps Guinness, a brand owned by Diageo ( DEO ) . What's the difference between "craft beer" and "big beer?" The large beer producers will benefit from the growth of craft beer through their "craft" brands.
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It wasn't long ago that draft choices were essentially limited to Anheuser Busch's Bud and Bud Light, Coors and Coors Light from Molson Coors Brewing Company ( TAP ) and perhaps Guinness, a brand owned by Diageo ( DEO ) . Craft breweries produce less than six million barrels of beer per year. Craft beer industry group Brewers Association reports that 1.2 breweries open every single day.
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bd90f995-ef50-4d11-bc91-f7ca1ee589f5
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728114.0
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2014-02-26 00:00:00 UTC
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Boston Beer Falls as Q4 Earnings Lag Ests - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/boston-beer-falls-as-q4-earnings-lag-ests-analyst-blog-2014-02-26
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nan
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nan
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Boston Beer Co. Inc. ( SAM ) came up with disappointing fourth-quarter and full-year 2013 results yesterday after the closing bell, wherein its bottom-line results for both the periods lagged the Zacks Consensus Estimate. This spread negative sentiment among investors, resulting in a fall of 4.9% in the company's share price during the after-hour trading session.
Boston Beer's quarterly earnings per share of $1.33 came substantially below the Zacks Consensus Estimate of $1.51. The company's full-year 2013 earnings of $5.18 per share also fell short of the Zacks Consensus Estimate of $5.39. Negative impact from increased ingredient and processing costs, unfavorable product mix and higher operating expenses primary led to the lower-than-expected bottom-line performance.
However, on a year-over-year basis, Boston Beer's earnings for the quarter improved 6.4% to $1.33 per share from $1.25 reported in the comparable year-ago period. The rise was mainly driven by top-line growth, which was partially offset by the negative factors mentioned earlier. For the full-year 2013, Boston Beer registered a year over year growth of 18.0%.
Quarterly Discussion
Net revenue for the quarter rose 34.2% year over year to $205.4 million and came ahead of the Zacks Consensus Estimate of $191.0 million, primarily attributable to an increase of 29% in core shipment volume.
However, depletion growth of 20% in the quarter was lower than core shipment volume growth as the distributors were replenishing inventories in the quarter. During the third quarter, certain brands had experienced production shortages that were filled in the recently concluded quarter.
The company's gross profit increased approximately 31.2% year over year to $104.6 million. However, as a percentage of net revenue, it contracted 100 basis points (bps) to 51% primarily due to increased ingredient and processing costs as well as unfavorable product mix.
Operating income in the quarter came in at $29.1 million, up 7.9% from the year-ago quarter level of nearly $27.0 million. However, operating margin contracted 340 bps to 14.2% due to lower gross margin and higher operating expenses as a percentage of net revenue.
Full-Year 2013 Performance
The company generated net revenue of $739.1 million, up approximately 27.4% from $580.2 million in fiscal 2012. Moreover, it came ahead of the Zacks Consensus Estimate of $727.0 million.
Gross profit for the year increased 22.1% to $384.9 million but as a percentage of net revenue, it declined 220 bps to 52.1%. Operating income during the period grew 18.3% to $113.1 million but as a percentage of net revenue, it contracted 120 bps to 15.3%.
Balance Sheet
Boston Beer, which competes with Diageo plc ( DEO ) and Beam, Inc. ( BEAM ), ended the year with cash and cash equivalents of $49.5 million compared with $74.5 million as of Dec 29, 2012. Long-term debt and capital lease obligations excluding current maturities stands at $584.0 million while stockholders' equity was $302.1 million as of Dec 28, 2013.
During the full year, Boston Beer generated cash flow of approximately $100.0 million from its operating activities while it spent $100.7 million toward purchase of property, plants and equipment. In 2014, the company intends to make capital expenditure in the range of $160.0 million to $220.0 million.
Further, Boston Beer has amended its line of credit in January by increasing the available amount to $150 million from $50 million while extending the expiry period to Mar 31, 2019.
The company revealed that it did not repurchase any shares during the fourth quarter and has $25.5 million remaining as of Feb 21 under its $325.0 million share repurchase program. During 2014, it bought back $29.6 million worth of common stock.
Fiscal 2014 Outlook
With concluding its previous fiscal, the company provided an outlook for full-year 2014. For the year, Boston Beer expects depletion and shipment to in the range of 16% to 20%. Further, to offset the rise in ingredient, packaging and freight costs as well as increased investments in brands, it anticipates to increase prices by 2%.
Gross margin is projected to range between 51% and 53%. Spending toward advertising, promotional and selling expenses are expected to be in the band of $34.0 to $42.0 million. Effective tax rate for the period is forecasted to be approximately 38%.
Considering these assumptions, Boston Beer expects its full-year 2014 earnings per share to come in the range of $6.00 to $6.40. Currently, the Zacks Consensus Estimate for the year stands at $6.42 per share.
Currently, Boston Beer has a Zacks Rank #3 (Hold). A better-ranked company within the industry is Constellation Brands Inc. ( STZ ), which sports a Zacks Rank #1 (Strong Buy).
BEAM INC (BEAM): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
BOSTON BEER INC (SAM): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Balance Sheet Boston Beer, which competes with Diageo plc ( DEO ) and Beam, Inc. ( BEAM ), ended the year with cash and cash equivalents of $49.5 million compared with $74.5 million as of Dec 29, 2012. BEAM INC (BEAM): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Negative impact from increased ingredient and processing costs, unfavorable product mix and higher operating expenses primary led to the lower-than-expected bottom-line performance.
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BEAM INC (BEAM): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Balance Sheet Boston Beer, which competes with Diageo plc ( DEO ) and Beam, Inc. ( BEAM ), ended the year with cash and cash equivalents of $49.5 million compared with $74.5 million as of Dec 29, 2012. However, as a percentage of net revenue, it contracted 100 basis points (bps) to 51% primarily due to increased ingredient and processing costs as well as unfavorable product mix.
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Balance Sheet Boston Beer, which competes with Diageo plc ( DEO ) and Beam, Inc. ( BEAM ), ended the year with cash and cash equivalents of $49.5 million compared with $74.5 million as of Dec 29, 2012. BEAM INC (BEAM): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Quarterly Discussion Net revenue for the quarter rose 34.2% year over year to $205.4 million and came ahead of the Zacks Consensus Estimate of $191.0 million, primarily attributable to an increase of 29% in core shipment volume.
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Balance Sheet Boston Beer, which competes with Diageo plc ( DEO ) and Beam, Inc. ( BEAM ), ended the year with cash and cash equivalents of $49.5 million compared with $74.5 million as of Dec 29, 2012. BEAM INC (BEAM): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. For the full-year 2013, Boston Beer registered a year over year growth of 18.0%.
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0a51fae5-5fae-4f03-8ae4-0c5242a45013
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728115.0
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2014-02-26 00:00:00 UTC
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Notable Two Hundred Day Moving Average Cross - DEO
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DEO
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https://www.nasdaq.com/articles/notable-two-hundred-day-moving-average-cross-deo-2014-02-26
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nan
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nan
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In trading on Wednesday, shares of Diageo plc (Symbol: DEO) crossed below their 200 day moving average of $125.18, changing hands as low as $124.97 per share. Diageo plc shares are currently trading trading flat on the day. The chart below shows the one year performance of DEO shares, versus its 200 day moving average:
Looking at the chart above, DEO's low point in its 52 week range is $111.87 per share, with $134.08 as the 52 week high point - that compares with a last trade of $125.34.
According to the ETF Finder at ETF Channel, DEO makes up 2.28% of the Vanguard FTSE Europe ETF (Symbol: VGK) which is trading lower by about 0.4% on the day Wednesday.
Click here to find out which 9 other stocks recently crossed below their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Wednesday, shares of Diageo plc (Symbol: DEO) crossed below their 200 day moving average of $125.18, changing hands as low as $124.97 per share. The chart below shows the one year performance of DEO shares, versus its 200 day moving average: Looking at the chart above, DEO's low point in its 52 week range is $111.87 per share, with $134.08 as the 52 week high point - that compares with a last trade of $125.34. According to the ETF Finder at ETF Channel, DEO makes up 2.28% of the Vanguard FTSE Europe ETF (Symbol: VGK) which is trading lower by about 0.4% on the day Wednesday.
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In trading on Wednesday, shares of Diageo plc (Symbol: DEO) crossed below their 200 day moving average of $125.18, changing hands as low as $124.97 per share. The chart below shows the one year performance of DEO shares, versus its 200 day moving average: Looking at the chart above, DEO's low point in its 52 week range is $111.87 per share, with $134.08 as the 52 week high point - that compares with a last trade of $125.34. According to the ETF Finder at ETF Channel, DEO makes up 2.28% of the Vanguard FTSE Europe ETF (Symbol: VGK) which is trading lower by about 0.4% on the day Wednesday.
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In trading on Wednesday, shares of Diageo plc (Symbol: DEO) crossed below their 200 day moving average of $125.18, changing hands as low as $124.97 per share. The chart below shows the one year performance of DEO shares, versus its 200 day moving average: Looking at the chart above, DEO's low point in its 52 week range is $111.87 per share, with $134.08 as the 52 week high point - that compares with a last trade of $125.34. According to the ETF Finder at ETF Channel, DEO makes up 2.28% of the Vanguard FTSE Europe ETF (Symbol: VGK) which is trading lower by about 0.4% on the day Wednesday.
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In trading on Wednesday, shares of Diageo plc (Symbol: DEO) crossed below their 200 day moving average of $125.18, changing hands as low as $124.97 per share. According to the ETF Finder at ETF Channel, DEO makes up 2.28% of the Vanguard FTSE Europe ETF (Symbol: VGK) which is trading lower by about 0.4% on the day Wednesday. The chart below shows the one year performance of DEO shares, versus its 200 day moving average: Looking at the chart above, DEO's low point in its 52 week range is $111.87 per share, with $134.08 as the 52 week high point - that compares with a last trade of $125.34.
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d747b047-8f62-4e40-a0ed-151bc9599081
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728116.0
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2014-02-24 00:00:00 UTC
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Diageo Restores Louisville Facility - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/diageo-restores-louisville-facility-analyst-blog-2014-02-24
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nan
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nan
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Amid declining consumption of premium spirit following macroeconomic headwinds in U.S. and Europe, brewers around the world are resorting to several ways to attract traffic in their stores and thus boost sales. After witnessing declines in volume in its key markets for the past couple of years, Diageo plc. ( DEO ) is also looking for ways to keep its top lines at decent levels.
As a part of this strategy Diageo plans to restore the historic Stitzel-Weller Visitor Center in Louisville, KY. The Stitzel-Weller Distillery in Shively, operational since Derby Day 1935, stores and rests barrels of various whiskies. The company aims to start the renovation process soon and finish the first phase by this May, so that the center is ready for Derby Day 2014. The entire project is expected to be completed by summer 2014.
As part of the renovation process, Diageo will revamp the administrative building and feature the distillery's history through artifacts from the site's archives and heritage brands of Diageo's collection of American whiskeys. The Visitor Center will also showcase the recently launched Orphan Barrel whiskeys - Barterhouse and Old Blowhard - sourced from the distillery.
Very recently, Diageo started the Orphan Barrel Whiskey Distilling Company to tap into the growing base of whiskey lovers. The company, headquartered in Tullahoma, TN, sources rare and old whiskeys from distilleries around the world. Orphan Barrel Whiskey has come up with two variants of old whiskey - 20-year-old Barterhouse Whiskey and 26-year-aged Old Blowhard Whiskey. These limited-supply whiskies are scheduled to hit the shelves at select locations in March this year.
In Jan 2014, Diageo released the first-half fiscal 2014 earnings. The U.K.-based brewer's earnings for the reported half went up 4% y/y on a local currency basis to 62.6 pence (99.2 cents* per share) from 60.2 pence (95.9 cents** per share). The increase in profit was the result of strong organic growth of Diageo's strategic brands. Increasing reach to the burgeoning middle class coupled with fast penetration into emerging markets also contributed to the positive results.
The Zacks Rank #3 (Hold) stock is one of the top players in the whiskey category. The company also commands a leading position both in the beer and vodka markets with a strong portfolio of globally recognized flagship brands, including Smirnoff, Johnnie Walker, Captain Morgan, Bailey's and Guinness. Diageo betters its products through continuous innovations.
Other Stocks to Consider
Constellation Brands Inc. ( STZ ) is a better-ranked stock in the same sector with a Zacks Rank #1 (Strong Buy). Some-better ranked stocks in the consumer staples sector worth considering are Diamond Foods Inc . ( DMND ) and The Hain Celestial Group Inc. ( HAIN ). Both the stocks carry a Zacks Rank #2 (Buy).
*£1=$1.58444 (average price of the half year ended December 31, 2013).
**£1=$1.59292 (average price of the half year ended Dec 31, 2012)
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
DIAMOND FOODS (DMND): Free Stock Analysis Report
HAIN CELESTIAL (HAIN): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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( DEO ) is also looking for ways to keep its top lines at decent levels. **£1=$1.59292 (average price of the half year ended Dec 31, 2012) DIAGEO PLC-ADR (DEO): Free Stock Analysis Report DIAMOND FOODS (DMND): Free Stock Analysis Report HAIN CELESTIAL (HAIN): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Amid declining consumption of premium spirit following macroeconomic headwinds in U.S. and Europe, brewers around the world are resorting to several ways to attract traffic in their stores and thus boost sales.
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**£1=$1.59292 (average price of the half year ended Dec 31, 2012) DIAGEO PLC-ADR (DEO): Free Stock Analysis Report DIAMOND FOODS (DMND): Free Stock Analysis Report HAIN CELESTIAL (HAIN): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. ( DEO ) is also looking for ways to keep its top lines at decent levels. The Visitor Center will also showcase the recently launched Orphan Barrel whiskeys - Barterhouse and Old Blowhard - sourced from the distillery.
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**£1=$1.59292 (average price of the half year ended Dec 31, 2012) DIAGEO PLC-ADR (DEO): Free Stock Analysis Report DIAMOND FOODS (DMND): Free Stock Analysis Report HAIN CELESTIAL (HAIN): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. ( DEO ) is also looking for ways to keep its top lines at decent levels. As part of the renovation process, Diageo will revamp the administrative building and feature the distillery's history through artifacts from the site's archives and heritage brands of Diageo's collection of American whiskeys.
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**£1=$1.59292 (average price of the half year ended Dec 31, 2012) DIAGEO PLC-ADR (DEO): Free Stock Analysis Report DIAMOND FOODS (DMND): Free Stock Analysis Report HAIN CELESTIAL (HAIN): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. ( DEO ) is also looking for ways to keep its top lines at decent levels. The Visitor Center will also showcase the recently launched Orphan Barrel whiskeys - Barterhouse and Old Blowhard - sourced from the distillery.
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46ff28a5-dc87-4918-bcc8-4bcd096a0469
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728117.0
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2014-02-14 00:00:00 UTC
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Diageo to Launch Rare Whiskeys - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/diageo-to-launch-rare-whiskeys-analyst-blog-2014-02-14
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nan
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nan
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Leading brewer Diageo plc ( DEO ) has launched Orphan Barrel Whiskey Distilling Company to tap into the growing base of whiskey lovers. The company, headquartered in Tullahoma, TN, is committed to source rare and old whiskeys from distilleries around the world.
Orphan Barrel Whiskey has come up with two variants of old whiskey - 20-year-old Barterhouse Whiskey and 26-year-aged Old Blowhard Whiskey. These limited-supply whiskies, sourced from the Stitzel-Weller facility in Louisville, KY, are scheduled to hit the shelves at select locations in March this year.
Barterhouse Whiskey with subtle roasted grain, charred oak and brown sugar flavors has been priced at $75. On the other hand, Old Blowhard Whiskey, flavored with smoke, honey and orange peel, has been priced at $150. Both the variants have been bottled at Tullahoma.
Diageo released the first-half 2014 earnings in Jan 2014. The U.K.-based brewer's earnings in the first half of fiscal 2014 went up 4% y/y on a local currency basis to 62.6 pence (99.2 cents* per share) from 60.2 pence (95.9 cents** per share).
The increase in profit was the result of strong organic growth of Diageo's strategic brands. Increasing reach to the burgeoning middle class coupled with fast penetration into emerging markets also contributed to the positive results.
The Zacks Rank #3 (Hold) stock is one of the top players in the whiskey category. The company also commands a leading position both in the beer and vodka markets with a strong portfolio of globally recognized flagship brands, including Smirnoff, Johnnie Walker, Captain Morgan, Bailey's and Guinness. Diageo betters its products through continuous innovations.
Another better-ranked stock in the same sector is Constellation Brands Inc. ( STZ ) sporting a Zacks Rank #1 (Strong Buy). Other stocks in the consumer staples sector worth considering are Diamond Foods Inc . ( DMND ) and The Hain Celestial Group Inc. ( HAIN ). Both the stocks carry a Zacks Rank #2 (Buy).
*£1=$1.58444 (average price of the half year ended December 31, 2013).
**£1=$1.59292 (average price of the half year ended Dec 31, 2012)
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
DIAMOND FOODS (DMND): Free Stock Analysis Report
HAIN CELESTIAL (HAIN): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Leading brewer Diageo plc ( DEO ) has launched Orphan Barrel Whiskey Distilling Company to tap into the growing base of whiskey lovers. **£1=$1.59292 (average price of the half year ended Dec 31, 2012) DIAGEO PLC-ADR (DEO): Free Stock Analysis Report DIAMOND FOODS (DMND): Free Stock Analysis Report HAIN CELESTIAL (HAIN): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. These limited-supply whiskies, sourced from the Stitzel-Weller facility in Louisville, KY, are scheduled to hit the shelves at select locations in March this year.
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Leading brewer Diageo plc ( DEO ) has launched Orphan Barrel Whiskey Distilling Company to tap into the growing base of whiskey lovers. **£1=$1.59292 (average price of the half year ended Dec 31, 2012) DIAGEO PLC-ADR (DEO): Free Stock Analysis Report DIAMOND FOODS (DMND): Free Stock Analysis Report HAIN CELESTIAL (HAIN): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Another better-ranked stock in the same sector is Constellation Brands Inc. ( STZ ) sporting a Zacks Rank #1 (Strong Buy).
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Leading brewer Diageo plc ( DEO ) has launched Orphan Barrel Whiskey Distilling Company to tap into the growing base of whiskey lovers. **£1=$1.59292 (average price of the half year ended Dec 31, 2012) DIAGEO PLC-ADR (DEO): Free Stock Analysis Report DIAMOND FOODS (DMND): Free Stock Analysis Report HAIN CELESTIAL (HAIN): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Orphan Barrel Whiskey has come up with two variants of old whiskey - 20-year-old Barterhouse Whiskey and 26-year-aged Old Blowhard Whiskey.
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**£1=$1.59292 (average price of the half year ended Dec 31, 2012) DIAGEO PLC-ADR (DEO): Free Stock Analysis Report DIAMOND FOODS (DMND): Free Stock Analysis Report HAIN CELESTIAL (HAIN): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Leading brewer Diageo plc ( DEO ) has launched Orphan Barrel Whiskey Distilling Company to tap into the growing base of whiskey lovers. Orphan Barrel Whiskey has come up with two variants of old whiskey - 20-year-old Barterhouse Whiskey and 26-year-aged Old Blowhard Whiskey.
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728118.0
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2014-02-13 00:00:00 UTC
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Tom Gayner Buys Copart, Unilever, BlackRock, McGraw Hill Financial, Target Corp
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DEO
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https://www.nasdaq.com/articles/tom-gayner-buys-copart-unilever-blackrock-mcgraw-hill-financial-target-corp-2014-02-13
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nan
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nan
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Markel Corp ( MKL ) CIO Tom Gayner ( Trades , Portfolio ) just reported his latest holdings. My. Gayner has very low portfolio turnovers normally. But he bought 7 new positions in his portfolio. To learn more about how Tom Gayner (Trades, Portfolio) invests, read GuruFocus interview with him.
Tom Gayner (Trades, Portfolio) buys Copart, Inc., Unilever PLC, BlackRock Inc, General Electric Co, Intel Corp, Liberty Media Corporation, Fidelity National Financial Inc. etc during the 3-months ended 12/31/2013, according to the most recent filings of his investment company, Markel Gayner Asset Management Corp. As of 12/31/2013, Markel Gayner Asset Management Corp owns 109 stocks with a total value of $3.2 billion. These are the details of the buys and sells.
Warren Buffett Recent Buys
New Purchases: UL, FNF, MHFI, ROL, TGT, MSCI, UTI,
Added Positions: CPRT, BLK, GE, LMCA, INTC, WLP, SEIC, CVX, CG, MAT, FDS, BX, APO, E, KKR, PG, IBM, CLMT,
Reduced Positions: OKE, BK, ACI,
Sold Out: CRR, LUK, NRP, ANR, CNX,
For the details of Tom Gayner (Trades, Portfolio)'s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Tom+Gayner
These are the top 5 holdings of Tom Gayner (Trades, Portfolio)
1. CarMax, Inc. ( KMX ) - 5,026,288 shares, 7.5% of the total portfolio. Shares reduced by 0.16%
2. Berkshire Hathaway Inc (BRK.A) - 1,094 shares, 6.2% of the total portfolio.
3. Berkshire Hathaway Inc (BRK.B) - 1,527,257 shares, 5.7% of the total portfolio. Shares reduced by 0.27%
4. Diageo PLC ( DEO ) - 1,210,820 shares, 5.1% of the total portfolio. Shares reduced by 0.14%
5. Walgreen Company ( WAG ) - 2,147,450 shares, 3.9% of the total portfolio. Shares reduced by 0.08%
New Purchase: Unilever PLC ( UL )
Tom Gayner (Trades, Portfolio) initiated holdings in Unilever PLC. His purchase prices were between $37.67 and $41.06, with an estimated average price of $39.78. The impact to his portfolio due to this purchase was 0.28%. His holdings were 217,000 shares as of 12/31/2013.
New Purchase: Fidelity National Financial Inc. ( FNF )
Tom Gayner (Trades, Portfolio) initiated holdings in Fidelity National Financial Inc.. His purchase prices were between $25.75 and $32.94, with an estimated average price of $28.3. The impact to his portfolio due to this purchase was 0.08%. His holdings were 79,700 shares as of 12/31/2013.
New Purchase: McGraw Hill Financial Inc (MHFI)
Tom Gayner (Trades, Portfolio) initiated holdings in McGraw Hill Financial Inc. His purchase prices were between $65.55 and $77.58, with an estimated average price of $71.75. The impact to his portfolio due to this purchase was 0.07%. His holdings were 30,000 shares as of 12/31/2013.
New Purchase: Target Corp (TGT)
Tom Gayner (Trades, Portfolio) initiated holdings in Target Corp. His purchase prices were between $61.65 and $66.89, with an estimated average price of $63.93. The impact to his portfolio due to this purchase was 0.05%. His holdings were 24,000 shares as of 12/31/2013.
New Purchase: Rollins, Inc. (ROL)
Tom Gayner (Trades, Portfolio) initiated holdings in Rollins, Inc.. His purchase prices were between $26.2 and $30.39, with an estimated average price of $28.08. The impact to his portfolio due to this purchase was 0.05%. His holdings were 47,000 shares as of 12/31/2013.
New Purchase: Universal Technical Institute, Inc. (UTI)
Tom Gayner (Trades, Portfolio) initiated holdings in Universal Technical Institute, Inc.. His purchase prices were between $11.13 and $15.09, with an estimated average price of $13.29. The impact to his portfolio due to this purchase was 0.01%. His holdings were 23,000 shares as of 12/31/2013.
New Purchase: MSCI, Inc. (MSCI)
Tom Gayner (Trades, Portfolio) initiated holdings in MSCI, Inc.. His purchase prices were between $38.31 and $44.71, with an estimated average price of $42.08. The impact to his portfolio due to this purchase was 0.01%. His holdings were 5,000 shares as of 12/31/2013.
Added: Copart, Inc. (CPRT)
Tom Gayner (Trades, Portfolio) added to his holdings in Copart, Inc. by 2700%. His purchase prices were between $31.16 and $36.58, with an estimated average price of $33.51. The impact to his portfolio due to this purchase was 0.31%. His holdings were 280,000 shares as of 12/31/2013.
Added: BlackRock Inc (BLK)
Tom Gayner (Trades, Portfolio) added to his holdings in BlackRock Inc by 78.38%. His purchase prices were between $262.75 and $316.38, with an estimated average price of $298.69. The impact to his portfolio due to this purchase was 0.26%. His holdings were 59,400 shares as of 12/31/2013.
Added: General Electric Co (GE)
Tom Gayner (Trades, Portfolio) added to his holdings in General Electric Co by 5.9%. His purchase prices were between $23.57 and $27.89, with an estimated average price of $26.29. The impact to his portfolio due to this purchase was 0.13%. His holdings were 2,598,300 shares as of 12/31/2013.
Added: Intel Corp (INTC)
Tom Gayner (Trades, Portfolio) added to his holdings in Intel Corp by 16.21%. His purchase prices were between $22.48 and $25.85, with an estimated average price of $24.18. The impact to his portfolio due to this purchase was 0.11%. His holdings were 998,700 shares as of 12/31/2013.
Here is the complete portfolio of Tom Gayner.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
This article first appeared on GuruFocus .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Diageo PLC ( DEO ) - 1,210,820 shares, 5.1% of the total portfolio. Markel Corp ( MKL ) CIO Tom Gayner ( Trades , Portfolio ) just reported his latest holdings. Tom Gayner (Trades, Portfolio) buys Copart, Inc., Unilever PLC, BlackRock Inc, General Electric Co, Intel Corp, Liberty Media Corporation, Fidelity National Financial Inc. etc during the 3-months ended 12/31/2013, according to the most recent filings of his investment company, Markel Gayner Asset Management Corp. As of 12/31/2013, Markel Gayner Asset Management Corp owns 109 stocks with a total value of $3.2 billion.
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Diageo PLC ( DEO ) - 1,210,820 shares, 5.1% of the total portfolio. Warren Buffett Recent Buys New Purchases: UL, FNF, MHFI, ROL, TGT, MSCI, UTI, Added Positions: CPRT, BLK, GE, LMCA, INTC, WLP, SEIC, CVX, CG, MAT, FDS, BX, APO, E, KKR, PG, IBM, CLMT, Reduced Positions: OKE, BK, ACI, Sold Out: CRR, LUK, NRP, ANR, CNX, For the details of Tom Gayner (Trades, Portfolio)'s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Tom+Gayner These are the top 5 holdings of Tom Gayner (Trades, Portfolio) 1. New Purchase: Fidelity National Financial Inc. ( FNF ) Tom Gayner (Trades, Portfolio) initiated holdings in Fidelity National Financial Inc.. His purchase prices were between $25.75 and $32.94, with an estimated average price of $28.3.
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Diageo PLC ( DEO ) - 1,210,820 shares, 5.1% of the total portfolio. Warren Buffett Recent Buys New Purchases: UL, FNF, MHFI, ROL, TGT, MSCI, UTI, Added Positions: CPRT, BLK, GE, LMCA, INTC, WLP, SEIC, CVX, CG, MAT, FDS, BX, APO, E, KKR, PG, IBM, CLMT, Reduced Positions: OKE, BK, ACI, Sold Out: CRR, LUK, NRP, ANR, CNX, For the details of Tom Gayner (Trades, Portfolio)'s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Tom+Gayner These are the top 5 holdings of Tom Gayner (Trades, Portfolio) 1. New Purchase: Fidelity National Financial Inc. ( FNF ) Tom Gayner (Trades, Portfolio) initiated holdings in Fidelity National Financial Inc.. His purchase prices were between $25.75 and $32.94, with an estimated average price of $28.3.
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Diageo PLC ( DEO ) - 1,210,820 shares, 5.1% of the total portfolio. Tom Gayner (Trades, Portfolio) buys Copart, Inc., Unilever PLC, BlackRock Inc, General Electric Co, Intel Corp, Liberty Media Corporation, Fidelity National Financial Inc. etc during the 3-months ended 12/31/2013, according to the most recent filings of his investment company, Markel Gayner Asset Management Corp. As of 12/31/2013, Markel Gayner Asset Management Corp owns 109 stocks with a total value of $3.2 billion. Warren Buffett Recent Buys New Purchases: UL, FNF, MHFI, ROL, TGT, MSCI, UTI, Added Positions: CPRT, BLK, GE, LMCA, INTC, WLP, SEIC, CVX, CG, MAT, FDS, BX, APO, E, KKR, PG, IBM, CLMT, Reduced Positions: OKE, BK, ACI, Sold Out: CRR, LUK, NRP, ANR, CNX, For the details of Tom Gayner (Trades, Portfolio)'s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Tom+Gayner These are the top 5 holdings of Tom Gayner (Trades, Portfolio) 1.
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7fa79261-60d5-4061-94e9-66963278857b
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728119.0
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2014-02-06 00:00:00 UTC
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Beam Posts Strong Year-End Earnings - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/beam-posts-strong-year-end-earnings-analyst-blog-2014-02-06
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nan
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nan
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The world's fourth largest sprit company, Beam Inc. ( BEAM ), came up with strong financial results for the fourth quarter and fiscal 2013 yesterday. The premium spirits supplier's adjusted earnings per share rose 15% to 77 cents in the fourth quarter, while it surpassed the Zacks Consensus Estimate of 72 cents. The company's better-than-expected earnings were primarily driven by rapid growth of its premium brands and efficient cost control.
Net sales (excluding excise taxes) were $739.5 million, a 4.3% year-over-year increase and marginally above the Zacks Consensus Estimate of $735 million. The company's comparable net sales, which take into account the effects of foreign exchange and acquisitions/divestitures, rose 5% in the quarter gaining from the solid demand for its premium whiskey and tequila brands, successful new-product innovations, and the return of its Indian operations to the growth trajectory.
Region wise, comparable sales were strong in North America and Europe, with Australia playing spoilsport. Analyzing by segments, comparable sales improved for North America (up 5%) and Europe/Middle East/Africa -EMEA (up 6%) segments, offset by Asia Pacific/South America -APSA (down 9%). Results in APSA suffered due to lower sales in Australia and weak year-over-year performance in India.
Adjusted operating income in the fourth quarter reflected a year-over-year improvement of 7% coming in at $189.9 million, while operating margin expanded 70 basis points to 25.7%.
Fiscal 2013 Performance
For fiscal 2013, Beam reported adjusted earnings per share of $2.63, a 10% improvement from the prior-year earnings of $2.40 and well above the Zacks Consensus Estimate of $2.59. Net sales for the year totaled $2,547.3 million, up 3.6% year over year and marginally above the Zacks Consensus Estimate of $2,544.0 million. Net sales on a comparable basis increased 2%.
Full-year earnings gain was primarily attributed to the robust sales growth, operating margin expansion and lower interest expense, while top line gained from strong regional performances, except APSA; new product launches and favorable price/mix.
Financials
Beam, which competes with Diageo plc ( DEO ) and Boston Beer Co. Inc. ( SAM ), ended the year with cash and cash equivalents of $277.2 million and long-term debt of $2,024.5 million. Shareholders' equity was $5,074.1 million. Free cash flow at year-end was $332 million, above the higher-end of the company's targeted range.
Recent Development and Outlook
Last month, Beam entered into a buyout deal with Japanese beverage company, Suntory Holdings Ltd., wherein the former will be acquired by the latter in an all-cash transaction. Beam remains positive about the completion of this transaction by the second quarter of fiscal 2014.
Given the pending buyout deal and its expected completion in the next couple of quarters, the company did not provide a financial guidance for fiscal 2014 and restrained from holding a conference call.
Currently, Beam carries a Zacks Rank #4 (Sell). A better-ranked winery and distillery company is Constellation Brands Inc. ( STZ ), which sports a Zacks Rank #1 (Strong Buy).
BEAM INC (BEAM): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
BOSTON BEER INC (SAM): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Financials Beam, which competes with Diageo plc ( DEO ) and Boston Beer Co. Inc. ( SAM ), ended the year with cash and cash equivalents of $277.2 million and long-term debt of $2,024.5 million. BEAM INC (BEAM): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. The company's comparable net sales, which take into account the effects of foreign exchange and acquisitions/divestitures, rose 5% in the quarter gaining from the solid demand for its premium whiskey and tequila brands, successful new-product innovations, and the return of its Indian operations to the growth trajectory.
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BEAM INC (BEAM): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Financials Beam, which competes with Diageo plc ( DEO ) and Boston Beer Co. Inc. ( SAM ), ended the year with cash and cash equivalents of $277.2 million and long-term debt of $2,024.5 million. Fiscal 2013 Performance For fiscal 2013, Beam reported adjusted earnings per share of $2.63, a 10% improvement from the prior-year earnings of $2.40 and well above the Zacks Consensus Estimate of $2.59.
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BEAM INC (BEAM): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Financials Beam, which competes with Diageo plc ( DEO ) and Boston Beer Co. Inc. ( SAM ), ended the year with cash and cash equivalents of $277.2 million and long-term debt of $2,024.5 million. Net sales (excluding excise taxes) were $739.5 million, a 4.3% year-over-year increase and marginally above the Zacks Consensus Estimate of $735 million.
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Financials Beam, which competes with Diageo plc ( DEO ) and Boston Beer Co. Inc. ( SAM ), ended the year with cash and cash equivalents of $277.2 million and long-term debt of $2,024.5 million. BEAM INC (BEAM): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Fiscal 2013 Performance For fiscal 2013, Beam reported adjusted earnings per share of $2.63, a 10% improvement from the prior-year earnings of $2.40 and well above the Zacks Consensus Estimate of $2.59.
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728120.0
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2014-02-06 00:00:00 UTC
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AB InBev Pursues Craft Brewer - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/ab-inbev-pursues-craft-brewer-analyst-blog-2014-02-06
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nan
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nan
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As an endeavor to strengthen its position in the fast-growing craft beer segment, the world's largest beer maker, Anheuser-Busch InBev SA/NV ( BUD ), also known as AB InBev, entered into an agreement to acquire the New York-based Blue Point Brewing Co. The company projects to close the transaction at the beginning of second-quarter 2014. However, the financial terms of the deal were not disclosed.
The acquisition will facilitate AB InBev to widen its craft beer offering on the East Coast. Having a portfolio of over 40 beers in the market, Blue Point Brewing is the 36 th largest craft beer brewer in the United States and had sold about 60,000 barrels in 2013.
Though craft beer constitutes merely about 6.5% of the United States' overall beer sales, it has been booming over the past few years with 15% year-over-year volume growth in 2012 compared with 0.9% rise in overall beer sales in the country (as confirmed by The Brewers Association). Thus, we believe the acquisition of Blue Point will boost AB InBev's top-line growth.
AB InBev, which competes with Diageo plc ( DEO ), is aggressively enhancing its brand portfolio as well as global footprint. Last month, in an effort to strengthen its position in the Asia-Pacific region, AB InBev, entered into an agreement with KKR and Affinity Equity Partners to reacquire its South Korean asset - Oriental Brewery - for $5.8 billion.
The deal marks the second big alcohol transaction of 2014 after Japan-based Suntory Holdings Ltd. agreed to buy Beam Inc. ( BEAM ) on Jan 13 for approximately $16.0 billion, including debt. In the past few years, the Asia Pacific has seen major consolidation in the alcoholic beverage industry with companies such as Carlsberg, Heineken NV and SABMiller plc signing deals in the region.
According to a BBC article, the Asia Pacific is the world's largest beer-drinking continent due to its rapidly growing population and sharp rise in the younger generation of the population. It is believed that Asia's brewing industry is worth $258.0 billion and the market is growing two times more than the rest of the world. The huge growth potential in the market is an outcome of the fast emerging economies as well as globalization.
Currently, AB InBev carries a Zacks Rank #4 (Sell). A better-ranked brewer is Constellation Brands, Inc. ( STZ ) with a Zacks Rank #1 (Strong Buy).
BEAM INC (BEAM): Free Stock Analysis Report
ANHEUSER-BU ADR (BUD): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AB InBev, which competes with Diageo plc ( DEO ), is aggressively enhancing its brand portfolio as well as global footprint. BEAM INC (BEAM): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Last month, in an effort to strengthen its position in the Asia-Pacific region, AB InBev, entered into an agreement with KKR and Affinity Equity Partners to reacquire its South Korean asset - Oriental Brewery - for $5.8 billion.
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BEAM INC (BEAM): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. AB InBev, which competes with Diageo plc ( DEO ), is aggressively enhancing its brand portfolio as well as global footprint. As an endeavor to strengthen its position in the fast-growing craft beer segment, the world's largest beer maker, Anheuser-Busch InBev SA/NV ( BUD ), also known as AB InBev, entered into an agreement to acquire the New York-based Blue Point Brewing Co.
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BEAM INC (BEAM): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. AB InBev, which competes with Diageo plc ( DEO ), is aggressively enhancing its brand portfolio as well as global footprint. As an endeavor to strengthen its position in the fast-growing craft beer segment, the world's largest beer maker, Anheuser-Busch InBev SA/NV ( BUD ), also known as AB InBev, entered into an agreement to acquire the New York-based Blue Point Brewing Co.
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AB InBev, which competes with Diageo plc ( DEO ), is aggressively enhancing its brand portfolio as well as global footprint. BEAM INC (BEAM): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. As an endeavor to strengthen its position in the fast-growing craft beer segment, the world's largest beer maker, Anheuser-Busch InBev SA/NV ( BUD ), also known as AB InBev, entered into an agreement to acquire the New York-based Blue Point Brewing Co.
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2014-01-31 00:00:00 UTC
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European Bourses Ease As Inflation Drop Ignites Worries of Deflation
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DEO
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https://www.nasdaq.com/articles/european-bourses-ease-inflation-drop-ignites-worries-deflation-2014-01-31
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nan
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European stocks fell after inflation dropped in January, sparking worries of deflation.
Inflation in the euro zone dropped to 0.7% in January from 0.8% in December, falling short of estimates and hitting the lowest level since October. Economists expected a 0.9% rise.
Euro-area unemployment held at 12% in December, slightly better than expectations for 12.1%. November was revised to 12%, down from a record 12.1% in September.
Spain's European Union-harmonized consumer price index rose 0.3% on the year, the same as in December.
The monthly UK consumer confidence index from research firm GfK rose to -7 in January from -13 in December. That was the highest level since September 2007 and more than reversed the single-point declines reported in the index in recent months.
In ADR news, Diageo Plc ( DEO ) is downgraded to neutral from buy at Goldman Sachs, citing continued challenges to growth in emerging markets.
BT Group ( BT ) reported Q3 adjusted earnings before interest, taxes, depreciation and amortization of 1.54 billion pounds ($2.54 billion). The average prediction of analysts surveyed by Bloomberg was for 1.5 billion pounds.
Deutsche Bank ( DB ) is cut to equal weight from overweight at Barclays.
Novo Nordisk ( NVO ) is raised to buy from neutral at Swedbank AB, citing a number of phase-three treatment studies that will help it expand its product offering in the next six to 18 months.
The FTSE-100 was last down 0.43% at 6,510.44, the DAX down 0.71% at 9,306.48 and the CAC-40 down 0.34% at 4,165.72.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In ADR news, Diageo Plc ( DEO ) is downgraded to neutral from buy at Goldman Sachs, citing continued challenges to growth in emerging markets. Inflation in the euro zone dropped to 0.7% in January from 0.8% in December, falling short of estimates and hitting the lowest level since October. Novo Nordisk ( NVO ) is raised to buy from neutral at Swedbank AB, citing a number of phase-three treatment studies that will help it expand its product offering in the next six to 18 months.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In ADR news, Diageo Plc ( DEO ) is downgraded to neutral from buy at Goldman Sachs, citing continued challenges to growth in emerging markets. BT Group ( BT ) reported Q3 adjusted earnings before interest, taxes, depreciation and amortization of 1.54 billion pounds ($2.54 billion).
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In ADR news, Diageo Plc ( DEO ) is downgraded to neutral from buy at Goldman Sachs, citing continued challenges to growth in emerging markets. Inflation in the euro zone dropped to 0.7% in January from 0.8% in December, falling short of estimates and hitting the lowest level since October. The monthly UK consumer confidence index from research firm GfK rose to -7 in January from -13 in December.
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In ADR news, Diageo Plc ( DEO ) is downgraded to neutral from buy at Goldman Sachs, citing continued challenges to growth in emerging markets. European stocks fell after inflation dropped in January, sparking worries of deflation. The monthly UK consumer confidence index from research firm GfK rose to -7 in January from -13 in December.
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728122.0
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2014-01-31 00:00:00 UTC
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Diageo plc Falls: DEO Stock Dips 5.2% - Tale of the Tape
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DEO
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https://www.nasdaq.com/articles/diageo-plc-falls%3A-deo-stock-dips-5.2-tale-of-the-tape-2014-01-31
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nan
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Diageo plc ( DEO ) saw a big move last session, as the company's shares fell by more than 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $126.68 to $132.74 in the past one-month time frame.
Although this slump was obviously disappointing, this alcoholic beverage company has seen a positive revision and its current year earnings consensus has moved higher over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for DEO. So make sure to keep an eye on this stock going forward to see if yesterday's price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.
DEO currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the same industry include Constellation Brands Inc. ( STZ ) and Tsingtao Brewery Company Limited ( TSGTY ). While Constellation Brands carries a Zacks Rank #1 (Strong Buy), the latter has a Zacks Rank #2 (Buy). Apart From these, investors interested in the beverage industry may consider The WhiteWave Foods Company ( WWAV ), which carries a Zacks Rank #1 (Strong Buy) can be considered.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Diageo plc ( DEO ) saw a big move last session, as the company's shares fell by more than 5% on the day. This suggests that the recent slump might be a temporary blip on the radar for DEO. DEO currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
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Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. Diageo plc ( DEO ) saw a big move last session, as the company's shares fell by more than 5% on the day. This suggests that the recent slump might be a temporary blip on the radar for DEO.
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Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. Diageo plc ( DEO ) saw a big move last session, as the company's shares fell by more than 5% on the day. This suggests that the recent slump might be a temporary blip on the radar for DEO.
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Diageo plc ( DEO ) saw a big move last session, as the company's shares fell by more than 5% on the day. This suggests that the recent slump might be a temporary blip on the radar for DEO. DEO currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
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77adb7dd-e54c-48ee-87d1-54d5f66794bf
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728123.0
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2014-01-29 00:00:00 UTC
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Diageo Adds Peligroso to Portfolio - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/diageo-adds-peligroso-to-portfolio-analyst-blog-2014-01-29
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nan
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Leading brewer Diageo plc ( DEO ) is geared to enrich its luxury alcohol portfolio and has taken over the super premium tequila brand, Peligroso, from California-based Peligroso Spirits Company, LLC.
Peligroso is the latest addition to the premium brands, following the DonJulio and DeLeón acquisitions. The acquisition is a strategic fit for Diageo, as it will give access to the growing super-premium tequila segment.
Peligroso, which originated in the highlands of Jalisco, Mexico, is a popular brand in the action sports and surfing culture of Southern California.
Peligroso comes in four variants - Cinnamon, Silver, Reposado and Anejo. The brand, with a retail price range of $30 to $55 per 750ml bottle, is distributed in 12 U.S. states.
The deal comes three weeks after the U.K.-based brewer formed a 50/50 joint venture with Combs Wine & Spirits to acquire the brand DeLeón on Jan 8, 2014. The joint venture was formed in 2007 to develop and grow the Cîroc ultra-premium vodka brand.
Diageo, which currently carries a Zacks Rank #3 (Hold), is a leader in the whiskey category. The company also commands a leading position both in the beer and vodka markets with a strong portfolio of globally recognized flagship brands, including Smirnoff, Johnnie Walker, Captain Morgan, Baileys and Guinness. Diageo betters its products through continuous innovations.
Another better-ranked stock in the same sector is Constellation Brands Inc. ( STZ ) sporting a Zacks Rank #1 (Strong Buy). Other stocks in the consumer staples sector worth considering are Green Mountain Coffee Roasters Inc . ( GMCR ) and ConAgra Foods Inc. ( CAG ). Both the stocks carry a Zacks Rank #2 (Buy).
CONAGRA FOODS (CAG): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
GREEN MTN COFFE (GMCR): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Leading brewer Diageo plc ( DEO ) is geared to enrich its luxury alcohol portfolio and has taken over the super premium tequila brand, Peligroso, from California-based Peligroso Spirits Company, LLC. CONAGRA FOODS (CAG): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report GREEN MTN COFFE (GMCR): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Peligroso, which originated in the highlands of Jalisco, Mexico, is a popular brand in the action sports and surfing culture of Southern California.
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Leading brewer Diageo plc ( DEO ) is geared to enrich its luxury alcohol portfolio and has taken over the super premium tequila brand, Peligroso, from California-based Peligroso Spirits Company, LLC. CONAGRA FOODS (CAG): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report GREEN MTN COFFE (GMCR): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Another better-ranked stock in the same sector is Constellation Brands Inc. ( STZ ) sporting a Zacks Rank #1 (Strong Buy).
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Leading brewer Diageo plc ( DEO ) is geared to enrich its luxury alcohol portfolio and has taken over the super premium tequila brand, Peligroso, from California-based Peligroso Spirits Company, LLC. CONAGRA FOODS (CAG): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report GREEN MTN COFFE (GMCR): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Another better-ranked stock in the same sector is Constellation Brands Inc. ( STZ ) sporting a Zacks Rank #1 (Strong Buy).
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Leading brewer Diageo plc ( DEO ) is geared to enrich its luxury alcohol portfolio and has taken over the super premium tequila brand, Peligroso, from California-based Peligroso Spirits Company, LLC. CONAGRA FOODS (CAG): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report GREEN MTN COFFE (GMCR): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. The deal comes three weeks after the U.K.-based brewer formed a 50/50 joint venture with Combs Wine & Spirits to acquire the brand DeLeón on Jan 8, 2014.
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2014-01-23 00:00:00 UTC
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Diageo Launches Crown Royal XO - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/diageo-launches-crown-royal-xo-analyst-blog-2014-01-23
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nan
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Leading brewer Diageo plc ( DEO ) is making the most of the growing luxury alcohol market with continuous innovations to keep its demand consistent.
After the addition of John Walker & Sons Odyssey Blended Scotch Whisky to the rich portfolio of Scotch whisky of Johnnie Walker brand earlier this month, Diageo has come up with the latest addition of Crown Royal XO - ultra premium blended Canadian whiskey. The new product which hit the shelves early this month joins the company's Crown Royal luxury brand of Canadian whiskey.
Crafted by master blender Andrew MacKay, Crown Royal XO, is a blend of the finest 50 Crown Royal whiskies and is flavored with hints of vanilla, spice and rich dried fruit. It comes in cognac casks at a retail price of $49.99 for a 750 ml bottle.
Diageo is advertising the product on print and online media as well as through public relations, strong digital extensions and point of sale materials.
Diageo, which currently carries a Zacks Rank #3 (Hold), is a leader in the whiskey category. It is geared to strengthen the whiskey segment by an additional £1 billion ($1.6 billion) investment in Scotland for its whiskey production. The company is also setting up whiskey production facilities in newer locations.
Diageo also commands a leading position both in the beer and vodka markets with a strong portfolio of globally recognized flagship brands, including Smirnoff, Johnnie Walker, Captain Morgan, Baileys and Guinness. Diageo betters its products through continuous innovations.
Another better-ranked stock in the same sector is Constellation Brands Inc. ( STZ ) sporting a Zacks Rank #1 (Strong Buy). Other stocks in the consumer staples sector worth considering are Green Mountain Coffee Roasters Inc . ( GMCR ) and ConAgra Foods Inc. ( CAG ). Both the stocks carry a Zacks Rank #2 (Buy).
CONAGRA FOODS (CAG): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
GREEN MTN COFFE (GMCR): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Leading brewer Diageo plc ( DEO ) is making the most of the growing luxury alcohol market with continuous innovations to keep its demand consistent. CONAGRA FOODS (CAG): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report GREEN MTN COFFE (GMCR): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Diageo is advertising the product on print and online media as well as through public relations, strong digital extensions and point of sale materials.
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CONAGRA FOODS (CAG): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report GREEN MTN COFFE (GMCR): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Leading brewer Diageo plc ( DEO ) is making the most of the growing luxury alcohol market with continuous innovations to keep its demand consistent. After the addition of John Walker & Sons Odyssey Blended Scotch Whisky to the rich portfolio of Scotch whisky of Johnnie Walker brand earlier this month, Diageo has come up with the latest addition of Crown Royal XO - ultra premium blended Canadian whiskey.
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CONAGRA FOODS (CAG): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report GREEN MTN COFFE (GMCR): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Leading brewer Diageo plc ( DEO ) is making the most of the growing luxury alcohol market with continuous innovations to keep its demand consistent. After the addition of John Walker & Sons Odyssey Blended Scotch Whisky to the rich portfolio of Scotch whisky of Johnnie Walker brand earlier this month, Diageo has come up with the latest addition of Crown Royal XO - ultra premium blended Canadian whiskey.
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Leading brewer Diageo plc ( DEO ) is making the most of the growing luxury alcohol market with continuous innovations to keep its demand consistent. CONAGRA FOODS (CAG): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report GREEN MTN COFFE (GMCR): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. After the addition of John Walker & Sons Odyssey Blended Scotch Whisky to the rich portfolio of Scotch whisky of Johnnie Walker brand earlier this month, Diageo has come up with the latest addition of Crown Royal XO - ultra premium blended Canadian whiskey.
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2014-01-21 00:00:00 UTC
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Beam Management Sued for Breach of Duty - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/beam-management-sued-for-breach-of-duty-analyst-blog-2014-01-21
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nan
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Beam Inc. ( BEAM ) is at present in a quagmire regarding its decision to be taken over by Suntory Holdings Ltd. In the past few days, certain law firms as well as shareholders have opposed the boards' decision citing that the transaction undervalued the world's fourth largest spirit company and management had failed to execute its duties in an appropriate manner.
As per Bloomberg , one of the shareholders, Todd Miller has filed a complaint against Beam's management for breaching the fiduciary duties to shareholders in the state court of Chicago, Illinois. In his complaint, Miller stated that the deal amount undervalued Beam in a situation where Suntory will enjoy a substantial synergy.
In the filed complaint, Chief Executive Officer Matthew Shattock, Chairman A.D. David Mackay and six directors are named defendants. The plaintiff seeks a court order to block the transaction and wants Beam's management to adopt proper merger procedures.
Apart from this, some of the securities law firms such as The Law Offices of Vincent Wong, Levi & Korsinsky LLP, and Deans & Lyons have begun investigating to check whether management had carried out its duties before entering the agreement with the Japanese brewer.
On Jan 13, Beam had signed a deal to be acquired by Suntory in an all-cash transaction. Suntory Holdings offered $83.50 per share to acquire all outstanding shares of the Deerfield, Illinois-based spirit maker. The total buyout amount, including Beam's net debt, is approximately $16 billion.
The Japanese beverage company's offer price is 25% higher than Beam's closing price of $66.97 on Jan 10. Moreover, the valuation comes at a multiple of 20 times of Beam's twelve-month earnings before interest, taxes, depreciation and amortization (EBITDA) ended on Sep 30 last year and a premium of 24% to the last three months volume-weighted average share price.
Beam's management, which now awaits approval from shareholders and regulatory authorities, expects to close the deal by the end of second-quarter 2014. After the deal is sealed, Suntory Holdings will become the world's third largest whiskey company after Diageo plc ( DEO ) and Pernod-Ricard SA and will reap annual revenue of about $4.3 billion.
The alcoholic beverage industry is witnessing major consolidation. Yesterday, as an endeavor to strengthen its position in the Asia-Pacific region, Anheuser-Busch InBev SA/NV ( BUD ), also known as AB InBev, entered into an agreement with KKR and Affinity Equity Partners to reacquire its South Korean asset - Oriental Brewery - for a sum of $5.8 billion. The deal marks the second big alcohol transaction of 2014 after Beam - Suntory transaction.
Currently, Beam carries a Zacks Rank #4 (Sell). A better-ranked brewer is Constellation Brands Inc. ( STZ ) with a Zacks Rank #1 (Strong Buy).
BEAM INC (BEAM): Free Stock Analysis Report
ANHEUSER-BU ADR (BUD): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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After the deal is sealed, Suntory Holdings will become the world's third largest whiskey company after Diageo plc ( DEO ) and Pernod-Ricard SA and will reap annual revenue of about $4.3 billion. BEAM INC (BEAM): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. In the past few days, certain law firms as well as shareholders have opposed the boards' decision citing that the transaction undervalued the world's fourth largest spirit company and management had failed to execute its duties in an appropriate manner.
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BEAM INC (BEAM): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. After the deal is sealed, Suntory Holdings will become the world's third largest whiskey company after Diageo plc ( DEO ) and Pernod-Ricard SA and will reap annual revenue of about $4.3 billion. In his complaint, Miller stated that the deal amount undervalued Beam in a situation where Suntory will enjoy a substantial synergy.
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BEAM INC (BEAM): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. After the deal is sealed, Suntory Holdings will become the world's third largest whiskey company after Diageo plc ( DEO ) and Pernod-Ricard SA and will reap annual revenue of about $4.3 billion. Beam Inc. ( BEAM ) is at present in a quagmire regarding its decision to be taken over by Suntory Holdings Ltd.
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After the deal is sealed, Suntory Holdings will become the world's third largest whiskey company after Diageo plc ( DEO ) and Pernod-Ricard SA and will reap annual revenue of about $4.3 billion. BEAM INC (BEAM): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. In the past few days, certain law firms as well as shareholders have opposed the boards' decision citing that the transaction undervalued the world's fourth largest spirit company and management had failed to execute its duties in an appropriate manner.
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2014-01-20 00:00:00 UTC
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Diageo to Expand Scotch Distillery - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/diageo-to-expand-scotch-distillery-analyst-blog-2014-01-20
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nan
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Leading brewer, Diageo plc ( DEO ), has announced that it will pump in £30 million ($49 million) to expand the Clynelish Scotch Distillery located in Sutherland town of Brora, Highland Council.
Per the plan, Diageo will install a mashtun (vessel for soaking the malted barley), 10 washbacks (vessels for the fermentation process) and six copper stills in the distillery. The expansion is expected to effectively double the distillery's production capacity. It will be powered by a bio-energy plant expected to come up shortly.
Clynelish Distillery produces single malt whisky used in Scotch whisky brands such as Johnnie Walker. The distillery is also one of Diageo's 12 distillery visitor centers, and has more than 5,000 visitors each year.
With this expansion plan Diageo's total investment in the Highland Council region amounts to £150 million ($246.04 million). Apart from the expansion plan at Clynelish Diageo has recently undertaken £25 million ($41 million) expansion plan in the Glen Ord Distillery, to double the production capacity. Diageo also plans to increase the capacity at Teaninich Distilleries by two folds and build a new distillery at Alness.
The expansion is part of Diageo's plan to invest £1 billion ($1.64 billion) to increase Scotch whisky production announced in fiscal 2012. Diageo is a leader in the whiskey category and it has strengthened the segment by expanding its existing whiskey production facilities in the region and also plans to open newer locations during the year.
Diageo has strong potential to grow its Scotch businesswhich is a growing sector in the whiskey industry. In Russia, the Scotch sector has been growing in double digits for the past several quarters and the growing population in the region is expected to further boost the business in the coming years. In China too, Diageo foresees a bright future for Scotch. The company has recorded high single-digit growth in the region for the last four half-yearly results.
Currently, Diageo carries a Zacks Rank #3 (Hold). Another better-ranked stock in the same sector is Constellation Brands Inc. ( STZ ) sporting a Zacks Rank #1 (Strong Buy). Other stocks in the consumer staples sector worth considering are Green Mountain Coffee Roasters Inc . ( GMCR ) and ConAgra Foods Inc. ( CAG ) carrying a Zacks Rank #2 (Buy).
CONAGRA FOODS (CAG): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
GREEN MTN COFFE (GMCR): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Leading brewer, Diageo plc ( DEO ), has announced that it will pump in £30 million ($49 million) to expand the Clynelish Scotch Distillery located in Sutherland town of Brora, Highland Council. CONAGRA FOODS (CAG): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report GREEN MTN COFFE (GMCR): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. The company has recorded high single-digit growth in the region for the last four half-yearly results.
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CONAGRA FOODS (CAG): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report GREEN MTN COFFE (GMCR): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Leading brewer, Diageo plc ( DEO ), has announced that it will pump in £30 million ($49 million) to expand the Clynelish Scotch Distillery located in Sutherland town of Brora, Highland Council. The expansion is part of Diageo's plan to invest £1 billion ($1.64 billion) to increase Scotch whisky production announced in fiscal 2012.
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Leading brewer, Diageo plc ( DEO ), has announced that it will pump in £30 million ($49 million) to expand the Clynelish Scotch Distillery located in Sutherland town of Brora, Highland Council. CONAGRA FOODS (CAG): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report GREEN MTN COFFE (GMCR): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Apart from the expansion plan at Clynelish Diageo has recently undertaken £25 million ($41 million) expansion plan in the Glen Ord Distillery, to double the production capacity.
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Leading brewer, Diageo plc ( DEO ), has announced that it will pump in £30 million ($49 million) to expand the Clynelish Scotch Distillery located in Sutherland town of Brora, Highland Council. CONAGRA FOODS (CAG): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report GREEN MTN COFFE (GMCR): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. The expansion is expected to effectively double the distillery's production capacity.
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728127.0
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2014-01-16 00:00:00 UTC
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Diageo Plc (DEO): New Analyst Report from Zacks Equity Research - Zacks Equity Research Report
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DEO
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https://www.nasdaq.com/articles/diageo-plc-deo-new-analyst-report-zacks-equity-research-zacks-equity-research-report-2014
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nan
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Summary:
Diageo fiscal 2014 earnings declined 7.6% year over year mainly due to weak sales results due to macroeconomic issues. Organic sales declined 0.4% as volume slipped 2.0% from the year-ago period. Apart from foreign currency headwinds, low consumer confidence due to ongoing macroeconomic slowdown also resulted in softer top lines. Moreover, increasing restrictions on alcohol consumption by governments across the globe has also put a downward pressure on revenue growth. The premium brands, however performed well during the quarter Overall we are encouraged as Diageo is focusing more on investing in high-priced and high-margin products to boost margins in the coming quarter. We prefer to remain on the sidelines on the stock.
Overview:
Diageo plc is the world's leading premium drinks company and has operations in approximately 180 countries. The London-based company is involved in producing, distilling, brewing, bottling, packaging as well as distributing spirits, wine and beer. The company offers its products under globally recognized flagship brands, such as Smirnoff, Johnnie Walker, Captain Morgan, Baileys, Buchanan s, J&B, Tanqueray and Guinness. Diageo s other spirit brands include Crown Royal Canadian, Gordon s and Seagram s. Among these, 14 brands Johnnie Walker, Smirnoff, Baileys, Crown Royal, Captain Morgan, Jose Cuervo, JeB, Buchanan's, Windsor, Ketel One vodka, C roc, Tanqueray, Bushmills and Guinness are classified as global strategic brands.
Additionally, the company owns the distribution rights for the Jose Cuervo tequila brands in North America along with the Mexico-based Casa Cuervo SA de CV, in accordance with an international agreement. The company operates through five regions:
North America includes four operating units U.S. Spirits, Diageo-Guinness USA, Diageo Chateau & Estate Wines Co. and Diageo Canada. In fiscal 2013, North America contributed 40% to total sales.
Western Europe comprises Great Britain, Ireland, Iberia, France, Germany, Benelux, Italy, Nordics, Greece, Switzerland, Austria, the Western European reserve brands, Diageo Guinness Continental Europe, European wines and the Western European operations of Global Travel. Western Europe contributed almost 18% to total sales in fiscal 2013.
Africa, Eastern Europe and Turkey are some of the oldest and largest markets for the Guinness brand. The company operates either through subsidiaries or under license. Diageo has a three-way venture with Heineken and Namibia Breweries Limited in South Africa for a combined beer, cider and ready-to-drink collection of brands. Diageo has a wholly-owned brewery in Cameroon and also has majority-owned breweries in Nigeria, Kenya, Tanzania, Ghana, Uganda and the Seychelles. The region contributed 18% to total sales in fiscal 2013.
In Latin America and the Caribbean region, which includes Mexico, Diageo distributes mainly through a mixture of Diageo companies and third-party distributors. In addition, Diageo owns a controlling interest in Desnoes & Geddes Limited, the Jamaican brewer of Red Stripe lager. The region contributed 13% to total sales in fiscal 2013.
Asia Pacific includes operations in India, China, Australia, New Zealand, South Korea, Japan, Thailand, Vietnam, Singapore, Malaysia and other Asian markets. The region contributed 11% to total sales in fiscal 2013.
Diageo Plc (DEO): Read the Full Research Report
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DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Diageo Plc (DEO): Read the Full Research Report Want the latest recommendations from Zacks Investment Research? Click to get this free report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. The company offers its products under globally recognized flagship brands, such as Smirnoff, Johnnie Walker, Captain Morgan, Baileys, Buchanan s, J&B, Tanqueray and Guinness.
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Diageo Plc (DEO): Read the Full Research Report Want the latest recommendations from Zacks Investment Research? Click to get this free report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. The company offers its products under globally recognized flagship brands, such as Smirnoff, Johnnie Walker, Captain Morgan, Baileys, Buchanan s, J&B, Tanqueray and Guinness.
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Diageo Plc (DEO): Read the Full Research Report Want the latest recommendations from Zacks Investment Research? Click to get this free report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. Diageo s other spirit brands include Crown Royal Canadian, Gordon s and Seagram s. Among these, 14 brands Johnnie Walker, Smirnoff, Baileys, Crown Royal, Captain Morgan, Jose Cuervo, JeB, Buchanan's, Windsor, Ketel One vodka, C roc, Tanqueray, Bushmills and Guinness are classified as global strategic brands.
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Diageo Plc (DEO): Read the Full Research Report Want the latest recommendations from Zacks Investment Research? Click to get this free report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. Summary: Diageo fiscal 2014 earnings declined 7.6% year over year mainly due to weak sales results due to macroeconomic issues.
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2014-01-14 00:00:00 UTC
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BEAM in Buyout Deal - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/beam-in-buyout-deal-analyst-blog-2014-01-14
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nan
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In a major corporate deal between Japan and the U.S. companies, the world's fourth largest sprit company Beam Inc. ( BEAM ) has agreed to be acquired by the Japanese beverage company, Suntory Holdings Ltd. in an all-cash transaction. This will be the second largest acquisition of an American company by a Japanese one.
Suntory Holdings has offered $83.50 per share to acquire all outstanding shares of the Deerfield, Illinois-based spirit maker. The total buyout amount, including Beam's net debt, is approximately $16 billion.
The Japanese beverage company's offer price is 25% higher than Beam's closing price of $66.97 on Jan 10. Moreover, the valuation comes at a multiple of 20 times of Beam's twelve-month earnings before interest, taxes, depreciation and amortization (EBITDA) ended on Sep 30 last year and a premium of 24% to the last three months volume-weighted average share price.
Beam's, management, which now awaits approval from shareholders and regulatory authorities, expects to close the deal by the end of second-quarter 2014. After the deal is sealed, Suntory Holdings will become the world's third largest whiskey company after Diageo plc ( DEO ) and Pernod-Ricard SA and will reap annual revenue of about $4.3 billion.
Following the acquisition news, shares of Beam rose above the bidding price and touched its all-time high of $83.61 during yesterday's trading hours before closing at $83.42, up 24.6% from the Jan 10 closing price. The company informed that shareholders have received a return of approximately 106% since it began operating as a standalone company in Oct 2011.
According to Bloomberg, Bill Ackman's hedge-fund firm, Pershing Square Capital Management LP, which has 13% stake in the company, reaped $342.5 million yesterday. In 2011, Ackman prompted Fortune Brands Inc.'s management to spin off the company, which led to sale of the golf unit and creation of Beam and Fortune Brands Home & Security Inc. ( FBHS ) as stand-alone units.
Since its operations as a standalone company, the maker of Jim Beam and Maker's Mark has become an attractive takeover option. With a range of bourbons in its product portfolio, Beam could have been a strategic fit in Diageo's portfolio, which has only one bourbon.
However, at present, there appears to be minimal possibilities of a takeover by any other prospective buyer since analysts consider the offer price to be appropriate and a higher price would become too expensive. Furthermore, the boards of both the companies have mutually agreed on the transaction and set a hefty termination fee of $425 million, which Beam will have to pay to Suntory if the deal lapses.
Currently, Beam carries Zacks Rank #4 (Sell). Other better-ranked wineries and distillers include, Constellation Brands, Inc. ( STZ ) sporting a Zacks Rank #1 (Strong Buy).
BEAM INC (BEAM): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
FORTUNE BRD H&S (FBHS): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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After the deal is sealed, Suntory Holdings will become the world's third largest whiskey company after Diageo plc ( DEO ) and Pernod-Ricard SA and will reap annual revenue of about $4.3 billion. BEAM INC (BEAM): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report FORTUNE BRD H&S (FBHS): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, the valuation comes at a multiple of 20 times of Beam's twelve-month earnings before interest, taxes, depreciation and amortization (EBITDA) ended on Sep 30 last year and a premium of 24% to the last three months volume-weighted average share price.
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BEAM INC (BEAM): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report FORTUNE BRD H&S (FBHS): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. After the deal is sealed, Suntory Holdings will become the world's third largest whiskey company after Diageo plc ( DEO ) and Pernod-Ricard SA and will reap annual revenue of about $4.3 billion. In a major corporate deal between Japan and the U.S. companies, the world's fourth largest sprit company Beam Inc. ( BEAM ) has agreed to be acquired by the Japanese beverage company, Suntory Holdings Ltd. in an all-cash transaction.
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BEAM INC (BEAM): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report FORTUNE BRD H&S (FBHS): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. After the deal is sealed, Suntory Holdings will become the world's third largest whiskey company after Diageo plc ( DEO ) and Pernod-Ricard SA and will reap annual revenue of about $4.3 billion. In a major corporate deal between Japan and the U.S. companies, the world's fourth largest sprit company Beam Inc. ( BEAM ) has agreed to be acquired by the Japanese beverage company, Suntory Holdings Ltd. in an all-cash transaction.
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After the deal is sealed, Suntory Holdings will become the world's third largest whiskey company after Diageo plc ( DEO ) and Pernod-Ricard SA and will reap annual revenue of about $4.3 billion. BEAM INC (BEAM): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report FORTUNE BRD H&S (FBHS): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. In a major corporate deal between Japan and the U.S. companies, the world's fourth largest sprit company Beam Inc. ( BEAM ) has agreed to be acquired by the Japanese beverage company, Suntory Holdings Ltd. in an all-cash transaction.
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2013-12-27 00:00:00 UTC
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Diageo Arm Takes Arcadia to Court - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/diageo-arm-takes-arcadia-to-court-analyst-blog-2013-12-27
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Leading brewer Diageo plc 's ( DEO ) subsidiary, Ketel One Vodka has sued Arcadia Imports for copying the bottle design and labels of its iconic vodka.
Ketel One has accused Arcadia of confusing consumers by imitating its flagship brand's packaging. Management has proceeded to take legal action against Arcadia's deceptive trade practices by defending its design and label.
Diageo owns 50% of Ketel One by Diageo in a 50-50 joint venture with The Nolet Group formed in 2008. Under the venture, Diageo was granted the perpetual exclusive global rights to sell, market and distribute super-premium Ketel One Vodka and Ketel One Citroe.
Arcadia Imports has allegedly duplicated the looks of Ketel One Vodka in its Dutchcraft vodka bottle. Established in 2006, Connecticut-based Arcadia has introduced Dutchcraft as a small-batch, super-premium vodka from Holland. Significantly, Ketel One commands dominant market share in Holland.
The similarity in design and labeling may affect sales of Diageo's flagship Ketel One vodka, whose sales reached to one million cases in 2002.
In Oct 2013, Diageo reported interim management statement for the first quarter of fiscal 2014 ended Sep 30. While organic sales increased 3.1%, volume rose 0.6% from the year-ago period backed by decent sales in almost all geographical regions.
Diageo is increasing marketing investment in all its geographical segments, and the company is improving its margins consistently by focusing more on the high-priced premium brands.
Currently, Diageo carries a Zacks Rank #4 (Sell). Some better-ranked stocks in the same sector include Constellation Brands Inc . ( STZ ), Green Mountain Coffee Roasters Inc . ( GMCR ) and Con Agra Foods Inc. ( CAG ). All these stocks carry a Zacks Rank #2 (Buy).
CONAGRA FOODS (CAG): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
GREEN MTN COFFE (GMCR): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Leading brewer Diageo plc 's ( DEO ) subsidiary, Ketel One Vodka has sued Arcadia Imports for copying the bottle design and labels of its iconic vodka. CONAGRA FOODS (CAG): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report GREEN MTN COFFE (GMCR): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Management has proceeded to take legal action against Arcadia's deceptive trade practices by defending its design and label.
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CONAGRA FOODS (CAG): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report GREEN MTN COFFE (GMCR): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Leading brewer Diageo plc 's ( DEO ) subsidiary, Ketel One Vodka has sued Arcadia Imports for copying the bottle design and labels of its iconic vodka. The similarity in design and labeling may affect sales of Diageo's flagship Ketel One vodka, whose sales reached to one million cases in 2002.
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Leading brewer Diageo plc 's ( DEO ) subsidiary, Ketel One Vodka has sued Arcadia Imports for copying the bottle design and labels of its iconic vodka. CONAGRA FOODS (CAG): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report GREEN MTN COFFE (GMCR): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Under the venture, Diageo was granted the perpetual exclusive global rights to sell, market and distribute super-premium Ketel One Vodka and Ketel One Citroe.
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CONAGRA FOODS (CAG): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report GREEN MTN COFFE (GMCR): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Leading brewer Diageo plc 's ( DEO ) subsidiary, Ketel One Vodka has sued Arcadia Imports for copying the bottle design and labels of its iconic vodka. Under the venture, Diageo was granted the perpetual exclusive global rights to sell, market and distribute super-premium Ketel One Vodka and Ketel One Citroe.
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2013-12-02 00:00:00 UTC
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How to Avoid False Profits
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DEO
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https://www.nasdaq.com/articles/how-avoid-false-profits-2013-12-02
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nan
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By George R. Evans, CFA, Chief Investment Officer, Equities
Recently, I've seen significant under-performance from “quality” stocks in non-U.S. developed markets. This is not surprising. New entrants who come into markets after a rally are nearly always afraid they have “missed it,” so rather than focusing on future long-term gains, they often respond by trying to find “bargains” that can yield a short-term payoff. Usually, this may involve buying companies that are highly levered into good macroeconomic news and that will pop more than will steady earners as that news comes through.
I’ve seen this phenomenon in Europe particularly, where in tandem with September headlines trumpeting “U.S. Investors Pile into European Equities,”1 the share prices of many companies with strong global franchises actually declined. This was especially the case with those who earn a significant portion of their revenues in emerging markets: consumer staples firms such as Nestlé (NSRGY), Unilever (UN), Danone (DANOY), Diageo (DEO), Pernod Ricard (PDRDY), SABMiller (SBMRY) and Heineken (HEINY). Concerns over a potential near-term slowdown in emerging market growth produced the sort of binary overreaction that markets so often display: investors sold companies at valuations half-or less than half-of what their emerging market subsidiaries were trading.
In my opinion, focusing on the short term is tantamount to chasing the market. Trying to predict news flow and second-guess the reactions of other market participants is a good way to always be a step behind. Investors are better served by working to understand the potential long-term value of companies by looking for strong businesses that may create portfolio value for years to come. The companies to whom it makes sense to allocate capital include ones with good fundamentals, such as hard-to-replicate brands, strong market positions, effective business models, durable pricing power, consistently positive returns on invested capital and the financial flexibility of a strong balance sheet.
I actually agree that investors should be buying European equities. On a long term-view, good quality companies in Europe are modestly valued. With broad multiples at levels where we believe the market is assigning little value to “quality companies,” opportunities abound for patient, active managers who concentrate on fundamentals.
1 Source: Financial Times, 9/8/13.
The original commentary is available at OppenheimerFunds.com.
As of September 30, 2013, Oppenheimer International Growth Fund had 1.01% of its assets invested in Unilever; 1.01% of its assets invested in Danone; 1.23% of its assets invested in Diageo; 1.16% of its assets invested in Pernod Ricard; and 1.34% of its assets invested in Heineken.
The mention of specific companies does not constitute a recommendation by any particular fund or by OppenheimerFunds.
Past performance does not guarantee future results.
Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes and geopolitical risks. Emerging and developing market investments may be especially volatile. Due to the recent global economic crisis that caused financial difficulties for many European Union countries, Eurozone investments may be subject to volatility and liquidity issues. Investments in securities of growth companies may be volatile. Small and mid-sized company stock is typically more volatile than that of larger, more established businesses, as these stocks tend to be more sensitive to changes in earnings expectations. It may take a substantial period of time to realize a gain on an investment in a small or mid-sized company, if any gain is realized at all. Diversification does not guarantee profit or protect against loss.
Mutual funds are subject to market risk and volatility. Shares may gain or lose value.
These views represent the opinions of OppenheimerFunds and are not intended asinvestment adviceor to predict or depict performance of any investment. These views are as of the open of business on November 13, 2013, and are subject to change based on subsequent developments.
Carefully consider fund investment objectives, risks, charges and expenses. Visit oppenheimerfunds.com, call your advisor or 1.800.225.5677 (CALL-OPP) for a prospectus with this and other fund information. Read it carefully before investing.
Oppenheimer funds are distributed by OppenheimerFunds Distributor, Inc. Oppenheimer funds are distributed by OppenheimerFunds Distributor, Inc. OppenheimerFunds Distributor, Inc. is not affiliated with The NASDAQ OMX Group, Inc..
© 2013 OppenheimerFunds Distributor, Inc. All rights reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This was especially the case with those who earn a significant portion of their revenues in emerging markets: consumer staples firms such as Nestlé (NSRGY), Unilever (UN), Danone (DANOY), Diageo (DEO), Pernod Ricard (PDRDY), SABMiller (SBMRY) and Heineken (HEINY). With broad multiples at levels where we believe the market is assigning little value to “quality companies,” opportunities abound for patient, active managers who concentrate on fundamentals. Due to the recent global economic crisis that caused financial difficulties for many European Union countries, Eurozone investments may be subject to volatility and liquidity issues.
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This was especially the case with those who earn a significant portion of their revenues in emerging markets: consumer staples firms such as Nestlé (NSRGY), Unilever (UN), Danone (DANOY), Diageo (DEO), Pernod Ricard (PDRDY), SABMiller (SBMRY) and Heineken (HEINY). By George R. Evans, CFA, Chief Investment Officer, Equities Recently, I've seen significant under-performance from “quality” stocks in non-U.S. developed markets. As of September 30, 2013, Oppenheimer International Growth Fund had 1.01% of its assets invested in Unilever; 1.01% of its assets invested in Danone; 1.23% of its assets invested in Diageo; 1.16% of its assets invested in Pernod Ricard; and 1.34% of its assets invested in Heineken.
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This was especially the case with those who earn a significant portion of their revenues in emerging markets: consumer staples firms such as Nestlé (NSRGY), Unilever (UN), Danone (DANOY), Diageo (DEO), Pernod Ricard (PDRDY), SABMiller (SBMRY) and Heineken (HEINY). Concerns over a potential near-term slowdown in emerging market growth produced the sort of binary overreaction that markets so often display: investors sold companies at valuations half-or less than half-of what their emerging market subsidiaries were trading. The companies to whom it makes sense to allocate capital include ones with good fundamentals, such as hard-to-replicate brands, strong market positions, effective business models, durable pricing power, consistently positive returns on invested capital and the financial flexibility of a strong balance sheet.
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This was especially the case with those who earn a significant portion of their revenues in emerging markets: consumer staples firms such as Nestlé (NSRGY), Unilever (UN), Danone (DANOY), Diageo (DEO), Pernod Ricard (PDRDY), SABMiller (SBMRY) and Heineken (HEINY). Investors Pile into European Equities,”1 the share prices of many companies with strong global franchises actually declined. Emerging and developing market investments may be especially volatile.
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2013-11-29 00:00:00 UTC
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Diageo to Sell Whyte & Mackay Assets - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/diageo-to-sell-whyte-mackay-assets-analyst-blog-2013-11-29
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nan
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Leading brewer, Diageo plc ( DEO ), has offered to divest most of its Whyte & Mackay assets to address concerns of the U.K. regulatory watchdog, Office of Fair Trading (OFT).
U.K.-based brewer, Diageo got control of Whyte & Mackay when it acquired Indian spirits company, United Spirits in 2012. Diageo and United Spirits are the major suppliers of blended whisky to retailers in the U.K. and across the world. In fact, Diageo's lower-end Bell's whisky directly competes with Whyte & Mackay's branded Scotch whiskey. Hence, OFT expressed concerns as several retailers were worried that a merger between Diageo and United Spirits will reduce competition, giving a chance to Diageo to raise prices for bottled blended whiskey in the U.K.
In order to address the concerns of the regulatory authority, Diageo, has offered to sell Whyte & Mackay's Invergordon, Jura and Fettercairn distilleries while retaining Dalmore and Tamnavulin.
United Spirits bought Whyte & Mackay in 2007 for $1.2 billion. In the U.K., Whyte & Mackay primarily supplies whisky, but owns and distributes other spirits, including vodka, as well.
Diageo is increasing marketing investment in all its geographical segments, and is focusing more on the premium brands. The strategy of transitioning to high-margin high-priced products is helping the company improve its margins.
Currently, Diageo carries a Zacks Rank #4 (Sell). Some better-ranked stocks in the same sector include Constellation Brands Inc. ( STZ ), Omega Protein Corporation ( OME ) and Synutra International Inc. ( SYUT ). All these stocks carry a Zacks Rank #1 (Strong Buy).
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
OMEGA PROTEIN (OME): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
SYNUTRA INTL (SYUT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Leading brewer, Diageo plc ( DEO ), has offered to divest most of its Whyte & Mackay assets to address concerns of the U.K. regulatory watchdog, Office of Fair Trading (OFT). DIAGEO PLC-ADR (DEO): Free Stock Analysis Report OMEGA PROTEIN (OME): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report SYNUTRA INTL (SYUT): Free Stock Analysis Report To read this article on Zacks.com click here. In order to address the concerns of the regulatory authority, Diageo, has offered to sell Whyte & Mackay's Invergordon, Jura and Fettercairn distilleries while retaining Dalmore and Tamnavulin.
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DIAGEO PLC-ADR (DEO): Free Stock Analysis Report OMEGA PROTEIN (OME): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report SYNUTRA INTL (SYUT): Free Stock Analysis Report To read this article on Zacks.com click here. Leading brewer, Diageo plc ( DEO ), has offered to divest most of its Whyte & Mackay assets to address concerns of the U.K. regulatory watchdog, Office of Fair Trading (OFT). In order to address the concerns of the regulatory authority, Diageo, has offered to sell Whyte & Mackay's Invergordon, Jura and Fettercairn distilleries while retaining Dalmore and Tamnavulin.
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DIAGEO PLC-ADR (DEO): Free Stock Analysis Report OMEGA PROTEIN (OME): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report SYNUTRA INTL (SYUT): Free Stock Analysis Report To read this article on Zacks.com click here. Leading brewer, Diageo plc ( DEO ), has offered to divest most of its Whyte & Mackay assets to address concerns of the U.K. regulatory watchdog, Office of Fair Trading (OFT). U.K.-based brewer, Diageo got control of Whyte & Mackay when it acquired Indian spirits company, United Spirits in 2012.
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Leading brewer, Diageo plc ( DEO ), has offered to divest most of its Whyte & Mackay assets to address concerns of the U.K. regulatory watchdog, Office of Fair Trading (OFT). DIAGEO PLC-ADR (DEO): Free Stock Analysis Report OMEGA PROTEIN (OME): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report SYNUTRA INTL (SYUT): Free Stock Analysis Report To read this article on Zacks.com click here. U.K.-based brewer, Diageo got control of Whyte & Mackay when it acquired Indian spirits company, United Spirits in 2012.
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728132.0
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2013-11-20 00:00:00 UTC
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European Shares Slip, But Off Session Lows After Report of Possible Negative Deposit Rates in Europe
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DEO
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https://www.nasdaq.com/articles/european-shares-slip-session-lows-after-report-possible-negative-deposit-rates-europe-2013
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European stocks mostly eased despite a report that said the European Central Bank may move to negative deposit rates if needed to stimulate the economy.
Bloomberg News reported the ECB is considering a smaller-than-usual cut to its deposit rates that would bring the rate into negative territory for the first time. Policy makers would reduce the deposit rate to minus 0.1% from zero if warranted by the economic outlook, the report said.
Federal Reserve Chairman Ben Bernanke said in a speech late Tuesday the Fed will probably maintain its target interest rate long after ending its monthly bond purchases.
Around the region, Bank of England said in its November policy-setting meeting members expressed uncertainty over the "durability of the recovery and the extent to which supply growth would keep pace with demand," while it also said it sees few inflationary risks.
In ADR news, Diageo plc's ( DEO ) CEO Ivan Menezes said uncertainties in the global economy will drag on sales growth.
Alcatel Lucent ( ALU ) announced a capital increase. Bank of America Corp. and JPMorgan Chase & Co. placed 660 million preferential subscription rights to the company's shares to institutional investors. The rights are linked to the network-equipment maker's American Depositary Receipts. On Tuesday, The Wall Street Journal, citing unnamed sources, said Nokia ( NOK ) would not go ahead with a deal between the Nokia Solutions and Network business and ALU. Neither NOK nor ALU would comment to the WSJ.
GlaxoSmithKline PLC ( GSK ) said it has agreed to sell 28.2 million shares in South African company Aspen Pharmacare Holdings Ltd. (APN.JO) for 7.06 billion rand ($696.5 million), leaving it with 56.5 million shares, or 12.4% of the company.
The FTSE-100 was last down 0.25% at 6,681.08, the DAX up 0.1% at 9,202.07 and the CAC-40 down 0.09% at 4,268.37.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In ADR news, Diageo plc's ( DEO ) CEO Ivan Menezes said uncertainties in the global economy will drag on sales growth. Federal Reserve Chairman Ben Bernanke said in a speech late Tuesday the Fed will probably maintain its target interest rate long after ending its monthly bond purchases. Around the region, Bank of England said in its November policy-setting meeting members expressed uncertainty over the "durability of the recovery and the extent to which supply growth would keep pace with demand," while it also said it sees few inflationary risks.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In ADR news, Diageo plc's ( DEO ) CEO Ivan Menezes said uncertainties in the global economy will drag on sales growth. European stocks mostly eased despite a report that said the European Central Bank may move to negative deposit rates if needed to stimulate the economy.
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In ADR news, Diageo plc's ( DEO ) CEO Ivan Menezes said uncertainties in the global economy will drag on sales growth. European stocks mostly eased despite a report that said the European Central Bank may move to negative deposit rates if needed to stimulate the economy. On Tuesday, The Wall Street Journal, citing unnamed sources, said Nokia ( NOK ) would not go ahead with a deal between the Nokia Solutions and Network business and ALU.
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In ADR news, Diageo plc's ( DEO ) CEO Ivan Menezes said uncertainties in the global economy will drag on sales growth. Bank of America Corp. and JPMorgan Chase & Co. placed 660 million preferential subscription rights to the company's shares to institutional investors. Neither NOK nor ALU would comment to the WSJ.
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728133.0
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2013-11-14 00:00:00 UTC
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Tom Gayner Buys BlackRock, Mosaic, Potash Corporation of Saskatchewan, Sells CarMax, Leucadia
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DEO
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https://www.nasdaq.com/articles/tom-gayner-buys-blackrock-mosaic-potash-corporation-saskatchewan-sells-carmax-leucadia
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Renowned value investor Tom Gayner just reported his second quarter portfolio. Mr. Gayner is the CIO of insurer Markel Corp ( MKL ), manages the company's investment portfolio. To understand more how Tom Gayner invests, please read Tom Gayner's Interview with GuruFocus .
Tom Gayner buys BlackRock Inc, Mosaic Co, Synalloy Corporation, Eni SpA, Chevron Corp, Liberty Media Corporation, Blackstone Group LP, Carlyle Group LP, Apollo Global Management LLC, KKR & Co LP, Google, Inc., Potash Corporation of Saskatchewan, Inc., Apollo Group Inc, ONEOK, Inc., Amazon.com Inc, Core Laboratories N.V., Copart, Inc., Ross Stores, Inc., sells Union First Market Bankshares Corp, Plum Creek Timber Co Inc, Leucadia National Corporation, CarMax, Inc., Sysco Corporation, Fidelity National Financial Inc., Washington REIT during the 3-months ended 09/30/2013, according to the most recent filings of his investment company, Markel Gayner Asset Management Corp.
As of 09/30/2013, Markel Gayner Asset Management Corp owns 107 stocks with a total value of $2.9 billion. These are the details of the buys and sells.
New Purchases: MOS, APO, APOL, POT, CPRT,
Added Positions: BLK, SYNL, E, CVX, LMCA, CG, BX, KKR, GOOG, OKE, AMZN, CLB, ROST,
Reduced Positions: LUK, KMX, SYY,
Sold Out: UBSH, PCL, FNF, WRE,
For the details of Tom Gayner's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Tom+Gayner
This is the sector weightings of his portfolio:
These are the top 5 holdings of Tom Gayner
1. CarMax, Inc. ( KMX ) - 5,034,519 shares, 8.4% of the total portfolio. Shares reduced by 1.46%
2. Berkshire Hathaway Inc (BRK.A) - 1,094 shares, 6.4% of the total portfolio. Shares reduced by 0.45%
3. Berkshire Hathaway Inc (BRK.B) - 1,531,357 shares, 6.0% of the total portfolio. Shares reduced by 1.22%
4. Diageo PLC ( DEO ) - 1,212,525 shares, 5.3% of the total portfolio. Shares reduced by 1.33%
5. Brookfield Asset Management Inc ( BAM ) - 3,165,536 shares, 4.1% of the total portfolio. Shares added by 1.58%
New Purchase: Mosaic Co ( MOS )
Tom Gayner initiated holdings in Mosaic Co. His purchase prices were between $40.68 and $56.85, with an estimated average price of $46.5. The impact to his portfolio due to this purchase was 0.22%. His holdings were 150,000 shares as of 09/30/2013. Mosaic Co has a market cap of $20.53 billion; its shares were traded at around $48.20 with a P/E ratio of 10.70 and P/S ratio of 2.06. The dividend yield of Mosaic Co stocks is 2.07%. Mosaic Co had an annual average earnings growth of 20.90% over the past 10 years.
New Purchase: Apollo Global Management LLC ( APO )
Tom Gayner initiated holdings in Apollo Global Management LLC. His purchase prices were between $23.01 and $29.78, with an estimated average price of $26.86. The impact to his portfolio due to this purchase was 0.1%. His holdings were 100,300 shares as of 09/30/2013. Apollo Global Management Llc has a market cap of $4.3 billion; its shares were traded at around $29.93 with a P/E ratio of 8.00 and P/S ratio of 1.01. The dividend yield of Apollo Global Management Llc stocks is 0.94%.
New Purchase: Apollo Group Inc (APOL)
Tom Gayner initiated holdings in Apollo Group Inc. His purchase prices were between $17.53 and $21.409, with an estimated average price of $19.32. The impact to his portfolio due to this purchase was 0.08%. His holdings were 105,000 shares as of 09/30/2013. Apollo Group Inc has a market cap of $2.98 billion; its shares were traded at around $26.30 with a P/E ratio of 12.00 and P/S ratio of 0.81. Apollo Group Inc had an annual average earnings growth of 9.70% over the past 10 years.
New Purchase: Potash Corporation of Saskatchewan, Inc. ( POT )
Tom Gayner initiated holdings in Potash Corporation of Saskatchewan, Inc.. His purchase prices were between $28.91 and $39.86, with an estimated average price of $33.11. The impact to his portfolio due to this purchase was 0.08%. His holdings were 70,000 shares as of 09/30/2013. Potash Corporation Of Saskatchewan, Inc. has a market cap of $28.02 billion; its shares were traded at around $32.47 with a P/E ratio of 14.30 and P/S ratio of 3.84. The dividend yield of Potash Corporation Of Saskatchewan, Inc. stocks is 3.66%. Potash Corporation Of Saskatchewan, Inc. had an annual average earnings growth of 35.00% over the past 10 years. GuruFocus rated Potash Corporation Of Saskatchewan, Inc. the business predictability rank of 3-star.
New Purchase: Copart, Inc. (CPRT)
Tom Gayner initiated holdings in Copart, Inc.. His purchase prices were between $30.99 and $34.34, with an estimated average price of $32.59. The impact to his portfolio due to this purchase was 0.01%. His holdings were 10,000 shares as of 09/30/2013. Copart, Inc. has a market cap of $3.97 billion; its shares were traded at around $31.72 with a P/E ratio of 22.70 and P/S ratio of 3.92. Copart, Inc. had an annual average earnings growth of 13.30% over the past 10 years. GuruFocus rated Copart, Inc. the business predictability rank of 5-star.
Sold Out: Union First Market Bankshares Corp (UBSH)
Tom Gayner sold out his holdings in Union First Market Bankshares Corp. His sale prices were between $20.81 and $23.32, with an estimated average price of $22.23. Union First Market Bankshares Corp has a market cap of $613.128 million; its shares were traded at around $24.60 with a P/E ratio of 17.40 and P/S ratio of 3.19. The dividend yield of Union First Market Bankshares Corp stocks is 2.20%. Union First Market Bankshares Corp had an annual average earnings growth of 11.30% over the past 5 years.
Sold Out: Plum Creek Timber Co Inc (PCL)
Tom Gayner sold out his holdings in Plum Creek Timber Co Inc. His sale prices were between $43.72 and $49.74, with an estimated average price of $46.85. Plum Creek Timber Co Inc has a market cap of $7.71 billion; its shares were traded at around $43.55 with a P/E ratio of 28.00 and P/S ratio of 5.21. The dividend yield of Plum Creek Timber Co Inc stocks is 3.99%.
Sold Out: Fidelity National Financial Inc. (FNF)
Tom Gayner sold out his holdings in Fidelity National Financial Inc.. His sale prices were between $23.35 and $26.66, with an estimated average price of $24.67. Fidelity National Financial Inc. has a market cap of $6.77 billion; its shares were traded at around $27.41 with a P/E ratio of 13.10 and P/S ratio of 0.72. The dividend yield of Fidelity National Financial Inc. stocks is 2.33%.
Sold Out: Washington REIT (WRE)
Tom Gayner sold out his holdings in Washington REIT. His sale prices were between $24.07 and $28.53, with an estimated average price of $25.97. Washington Reit has a market cap of $1.65 billion; its shares were traded at around $24.77 with a P/E ratio of 76.20 and P/S ratio of 5.29. The dividend yield of Washington Reit stocks is 4.84%. Washington Reit had an annual average earnings growth of 10.50% over the past 10 years.
Added: BlackRock Inc ( BLK )
Tom Gayner added to his holdings in BlackRock Inc by 265.93%. His purchase prices were between $255.26 and $286.62, with an estimated average price of $271.93. The impact to his portfolio due to this purchase was 0.23%. His holdings were 33,300 shares as of 09/30/2013. Blackrock Inc has a market cap of $49.91 billion; its shares were traded at around $298.68 with a P/E ratio of 18.70 and P/S ratio of 5.24. The dividend yield of Blackrock Inc stocks is 2.19%. Blackrock Inc had an annual average earnings growth of 24.60% over the past 10 years. GuruFocus rated Blackrock Inc the business predictability rank of 3-star.
Added: Synalloy Corporation (SYNL)
Tom Gayner added to his holdings in Synalloy Corporation by 61.81%. His purchase prices were between $15.21 and $16.8, with an estimated average price of $15.99. The impact to his portfolio due to this purchase was 0.17%. His holdings were 785,343 shares as of 09/30/2013. Synalloy Corporation has a market cap of $140.569 million; its shares were traded at around $16.04 with a P/E ratio of 17.50 and P/S ratio of 0.47. The dividend yield of Synalloy Corporation stocks is 1.55%. Synalloy Corporation had an annual average earnings growth of 5.20% over the past 10 years.
Added: Eni SpA (E)
Tom Gayner added to his holdings in Eni SpA by 360%. His purchase prices were between $40.66 and $48.5, with an estimated average price of $44.99. The impact to his portfolio due to this purchase was 0.17%. His holdings were 138,000 shares as of 09/30/2013. Eni Spa has a market cap of $87.62 billion; its shares were traded at around $48.37 with a P/E ratio of 6.60 and P/S ratio of 0.38. The dividend yield of Eni Spa stocks is 4.77%. Eni Spa had an annual average earnings growth of 6.90% over the past 10 years. GuruFocus rated Eni Spa the business predictability rank of 3-star.
Added: Chevron Corp (CVX)
Tom Gayner added to his holdings in Chevron Corp by 76.74%. His purchase prices were between $117.7 and $127.76, with an estimated average price of $123. The impact to his portfolio due to this purchase was 0.14%. His holdings were 76,000 shares as of 09/30/2013. Chevron Corp has a market cap of $230.95 billion; its shares were traded at around $120.09 with a P/E ratio of 9.80 and P/S ratio of 0.99. The dividend yield of Chevron Corp stocks is 3.16%. Chevron Corp had an annual average earnings growth of 8.30% over the past 10 years. GuruFocus rated Chevron Corp the business predictability rank of 2.5-star.
Added: Liberty Media Corporation (LMCA)
Tom Gayner added to his holdings in Liberty Media Corporation by 29.41%. His purchase prices were between $129.21 and $149.15, with an estimated average price of $141.5. The impact to his portfolio due to this purchase was 0.12%. His holdings were 110,000 shares as of 09/30/2013. Liberty Media Corporation has a market cap of $17.16 billion; its shares were traded at around $150.18 with a P/E ratio of 2.20 and P/S ratio of 3.93.
Added: Google, Inc. (GOOG)
Tom Gayner added to his holdings in Google, Inc. by 27.96%. His purchase prices were between $846.9 and $924.69, with an estimated average price of $887.49. The impact to his portfolio due to this purchase was 0.08%. His holdings were 11,900 shares as of 09/30/2013. Google, Inc. has a market cap of $344.94 billion; its shares were traded at around $1032.47 with a P/E ratio of 27.50 and P/S ratio of 5.90. Google, Inc. had an annual average earnings growth of 44.00% over the past 10 years. GuruFocus rated Google, Inc. the business predictability rank of 2.5-star.
Reduced: Leucadia National Corporation ( LUK )
Tom Gayner reduced to his holdings in Leucadia National Corporation by 45.54%. His sale prices were between $24.9 and $28.3, with an estimated average price of $26.75. The impact to his portfolio due to this sale was -0.31%. Tom Gayner still held 390,433 shares as of 09/30/2013. Leucadia National Corporation has a market cap of $10.25 billion; its shares were traded at around $28.11 with a P/E ratio of 7.90 and P/S ratio of 0.85. The dividend yield of Leucadia National Corporation stocks is 1.56%.
Reduced: CarMax, Inc. ( KMX )
Tom Gayner reduced to his holdings in CarMax, Inc. by 1.46%. His sale prices were between $46.52 and $52.05, with an estimated average price of $48.96. The impact to his portfolio due to this sale was -0.12%. Tom Gayner still held 5,034,519 shares as of 09/30/2013. Carmax, Inc. has a market cap of $11.1 billion; its shares were traded at around $49.71 with a P/E ratio of 23.20 and P/S ratio of 0.95. Carmax, Inc. had an annual average earnings growth of 25.50% over the past 10 years. GuruFocus rated Carmax, Inc. the business predictability rank of 3.5-star.
Reduced: Sysco Corporation (SYY)
Tom Gayner reduced to his holdings in Sysco Corporation by 44.03%. His sale prices were between $31.47 and $36.03, with an estimated average price of $33.57. The impact to his portfolio due to this sale was -0.01%. Tom Gayner still held 13,086 shares as of 09/30/2013. Sysco Corporation has a market cap of $19.42 billion; its shares were traded at around $33.40 with a P/E ratio of 19.70 and P/S ratio of 0.44. The dividend yield of Sysco Corporation stocks is 3.35%. Sysco Corporation had an annual average earnings growth of 4.20% over the past 10 years. GuruFocus rated Sysco Corporation the business predictability rank of 1-star.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Diageo PLC ( DEO ) - 1,212,525 shares, 5.3% of the total portfolio. Mr. Gayner is the CIO of insurer Markel Corp ( MKL ), manages the company's investment portfolio. Tom Gayner buys BlackRock Inc, Mosaic Co, Synalloy Corporation, Eni SpA, Chevron Corp, Liberty Media Corporation, Blackstone Group LP, Carlyle Group LP, Apollo Global Management LLC, KKR & Co LP, Google, Inc., Potash Corporation of Saskatchewan, Inc., Apollo Group Inc, ONEOK, Inc., Amazon.com Inc, Core Laboratories N.V., Copart, Inc., Ross Stores, Inc., sells Union First Market Bankshares Corp, Plum Creek Timber Co Inc, Leucadia National Corporation, CarMax, Inc., Sysco Corporation, Fidelity National Financial Inc., Washington REIT during the 3-months ended 09/30/2013, according to the most recent filings of his investment company, Markel Gayner Asset Management Corp. As of 09/30/2013, Markel Gayner Asset Management Corp owns 107 stocks with a total value of $2.9 billion.
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Diageo PLC ( DEO ) - 1,212,525 shares, 5.3% of the total portfolio. Tom Gayner buys BlackRock Inc, Mosaic Co, Synalloy Corporation, Eni SpA, Chevron Corp, Liberty Media Corporation, Blackstone Group LP, Carlyle Group LP, Apollo Global Management LLC, KKR & Co LP, Google, Inc., Potash Corporation of Saskatchewan, Inc., Apollo Group Inc, ONEOK, Inc., Amazon.com Inc, Core Laboratories N.V., Copart, Inc., Ross Stores, Inc., sells Union First Market Bankshares Corp, Plum Creek Timber Co Inc, Leucadia National Corporation, CarMax, Inc., Sysco Corporation, Fidelity National Financial Inc., Washington REIT during the 3-months ended 09/30/2013, according to the most recent filings of his investment company, Markel Gayner Asset Management Corp. As of 09/30/2013, Markel Gayner Asset Management Corp owns 107 stocks with a total value of $2.9 billion. New Purchases: MOS, APO, APOL, POT, CPRT, Added Positions: BLK, SYNL, E, CVX, LMCA, CG, BX, KKR, GOOG, OKE, AMZN, CLB, ROST, Reduced Positions: LUK, KMX, SYY, Sold Out: UBSH, PCL, FNF, WRE, For the details of Tom Gayner's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Tom+Gayner This is the sector weightings of his portfolio: These are the top 5 holdings of Tom Gayner 1.
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Diageo PLC ( DEO ) - 1,212,525 shares, 5.3% of the total portfolio. Tom Gayner buys BlackRock Inc, Mosaic Co, Synalloy Corporation, Eni SpA, Chevron Corp, Liberty Media Corporation, Blackstone Group LP, Carlyle Group LP, Apollo Global Management LLC, KKR & Co LP, Google, Inc., Potash Corporation of Saskatchewan, Inc., Apollo Group Inc, ONEOK, Inc., Amazon.com Inc, Core Laboratories N.V., Copart, Inc., Ross Stores, Inc., sells Union First Market Bankshares Corp, Plum Creek Timber Co Inc, Leucadia National Corporation, CarMax, Inc., Sysco Corporation, Fidelity National Financial Inc., Washington REIT during the 3-months ended 09/30/2013, according to the most recent filings of his investment company, Markel Gayner Asset Management Corp. As of 09/30/2013, Markel Gayner Asset Management Corp owns 107 stocks with a total value of $2.9 billion. Shares added by 1.58% New Purchase: Mosaic Co ( MOS ) Tom Gayner initiated holdings in Mosaic Co. His purchase prices were between $40.68 and $56.85, with an estimated average price of $46.5.
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Diageo PLC ( DEO ) - 1,212,525 shares, 5.3% of the total portfolio. Tom Gayner buys BlackRock Inc, Mosaic Co, Synalloy Corporation, Eni SpA, Chevron Corp, Liberty Media Corporation, Blackstone Group LP, Carlyle Group LP, Apollo Global Management LLC, KKR & Co LP, Google, Inc., Potash Corporation of Saskatchewan, Inc., Apollo Group Inc, ONEOK, Inc., Amazon.com Inc, Core Laboratories N.V., Copart, Inc., Ross Stores, Inc., sells Union First Market Bankshares Corp, Plum Creek Timber Co Inc, Leucadia National Corporation, CarMax, Inc., Sysco Corporation, Fidelity National Financial Inc., Washington REIT during the 3-months ended 09/30/2013, according to the most recent filings of his investment company, Markel Gayner Asset Management Corp. As of 09/30/2013, Markel Gayner Asset Management Corp owns 107 stocks with a total value of $2.9 billion. Shares added by 1.58% New Purchase: Mosaic Co ( MOS ) Tom Gayner initiated holdings in Mosaic Co. His purchase prices were between $40.68 and $56.85, with an estimated average price of $46.5.
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2013-10-21 00:00:00 UTC
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Diageo's Q1 Sales Up Y/Y - Analyst Blog
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https://www.nasdaq.com/articles/diageos-q1-sales-up-y-y-analyst-blog-2013-10-21
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On Oct 17, 2013, Diageo plc ( DEO ) reported interim management statement for the first quarter of fiscal 2014 ended Sep 30, 2013. On a reported basis, net revenue (i.e. total revenue minus excise duties) remained flat year over year. Also, on an organic basis, revenues increased 3.1% and volume rose 0.6% from the year-ago period backed by decent sales in almost all geographical regions.
Segment Details
Diageo started reporting Africa, Eastern Europe and Turkey as a new geographical segment from fiscal 2013. The reportable segments are North America, Western Europe, Africa, Eastern Europe and Turkey, Latin America and the Caribbean and Asia Pacific region.
Except Western Europe, all the regions delivered positive organic sales growth.
In Western Europe , Diageo's organic sales declined 1.1% in the first three months of fiscal 2014, due to challenging macroeconomic conditions. However, the region benefited partially from some restocking in France.
In North American region, organic sales climbed 5.1% backed by strong business in the U.S. spirits business. Strong performance of brands like Cîroc, Crown Royal and Ketel One vodka also contributed to the sales of the region.
In Africa, Eastern Europe and Turkey , organic sales increased 1.3% during the period. Net sales growth of 5% in Africa was partially offset by decline in Russia.
The Latin America and Caribbean region delivered a strong performance in the year, with organic sales growth of 11%. Sales growth, however, was partially offset by currency weakness in Columbia and unfavorable government policies in China, which led to a substantial fall in sales in the Chinese white spirit subsidiary.
In the Asia Pacific region, sales inched up 0.6% organically. Sales growth in the region was backed by improvement in Korea and India and strong performance of super and ultra-premium scotch brands in China.
During the quarter, Diageo increased its ownership in United Spirits Limited by a further 14.98% for a cash consideration of £344.2 million. This acquisition takes Diageo another step toward its goal of acquiring 27.4% ownership in this leading spirit company of India.
In Nov 2012, Diageo and United Spirits Ltd. announced an agreement under which Diageo acquired a 53.4% stake in the latter for £1.285 billion ($2.05 billion). This allowed Diageo to gain a foothold in the fast-growing alcohol market in India.
The company is increasing marketing investment in all the geographical segments, and is focusing more on its premium brands. The strategy of transitioning to high-margin high-priced products is helping the company improve its margins.
Currently, Diageo plc carries a Zacks Rank #2 (Buy). Other stocks that the investors might consider include Boston Beer Company Inc. ( SAM ), Truett Hurst Inc. ( THST ) and Constellation Brands Inc. ( STZ ). While Constellation Brands carries a Zacks Rank #1 (Strong Buy), Boston Beer and Truett Hurst carry a Zacks Rank #2.
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
BOSTON BEER INC (SAM): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
TRUETT-HURST (THST): Get Free Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On Oct 17, 2013, Diageo plc ( DEO ) reported interim management statement for the first quarter of fiscal 2014 ended Sep 30, 2013. DIAGEO PLC-ADR (DEO): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report TRUETT-HURST (THST): Get Free Report To read this article on Zacks.com click here. Also, on an organic basis, revenues increased 3.1% and volume rose 0.6% from the year-ago period backed by decent sales in almost all geographical regions.
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DIAGEO PLC-ADR (DEO): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report TRUETT-HURST (THST): Get Free Report To read this article on Zacks.com click here. On Oct 17, 2013, Diageo plc ( DEO ) reported interim management statement for the first quarter of fiscal 2014 ended Sep 30, 2013. The reportable segments are North America, Western Europe, Africa, Eastern Europe and Turkey, Latin America and the Caribbean and Asia Pacific region.
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DIAGEO PLC-ADR (DEO): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report TRUETT-HURST (THST): Get Free Report To read this article on Zacks.com click here. On Oct 17, 2013, Diageo plc ( DEO ) reported interim management statement for the first quarter of fiscal 2014 ended Sep 30, 2013. The reportable segments are North America, Western Europe, Africa, Eastern Europe and Turkey, Latin America and the Caribbean and Asia Pacific region.
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On Oct 17, 2013, Diageo plc ( DEO ) reported interim management statement for the first quarter of fiscal 2014 ended Sep 30, 2013. DIAGEO PLC-ADR (DEO): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report TRUETT-HURST (THST): Get Free Report To read this article on Zacks.com click here. Net sales growth of 5% in Africa was partially offset by decline in Russia.
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2013-10-16 00:00:00 UTC
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Constellation Brands Upped to Outperform - Analyst Blog
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https://www.nasdaq.com/articles/constellation-brands-upped-to-outperform-analyst-blog-2013-10-16
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On Oct 10, 2013, we upgraded Constellation Brands Inc. ( STZ ) to Outperform based on its better-than-expected second quarter bottom-line results and upbeat guidance for fiscal 2014. The company - which is a global producer and marketer of beer, wine and spirits - became a Zacks Rank #1 (Strong Buy) stock shortly after announcing second-quarter results.
Why the Upgrade?
Constellation Brands' second-quarter fiscal 2014 adjusted earnings per share came in at 96 cents, handily beating the Zacks Consensus Estimate of 89 cents and up 35.2% on a year-over-year basis. The major driving factor was consolidation of the Crown Imports business.
Further, management raised its guidance for fiscal 2014 based on impressive quarterly results and leverage from the Grupo Modelo acquisition. Constellation Brands now expects fiscal 2014 adjusted earnings to come in the range of $2.80-$3.10 per share, compared with $2.60-$2.90 projected earlier
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On Oct 10, 2013, we upgraded Constellation Brands Inc. ( STZ ) to Outperform based on its better-than-expected second quarter bottom-line results and upbeat guidance for fiscal 2014. The company - which is a global producer and marketer of beer, wine and spirits - became a Zacks Rank #1 (Strong Buy) stock shortly after announcing second-quarter results. Further, management raised its guidance for fiscal 2014 based on impressive quarterly results and leverage from the Grupo Modelo acquisition.
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Constellation Brands' second-quarter fiscal 2014 adjusted earnings per share came in at 96 cents, handily beating the Zacks Consensus Estimate of 89 cents and up 35.2% on a year-over-year basis. Further, management raised its guidance for fiscal 2014 based on impressive quarterly results and leverage from the Grupo Modelo acquisition. Constellation Brands now expects fiscal 2014 adjusted earnings to come in the range of $2.80-$3.10 per share, compared with $2.60-$2.90 projected earlier
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On Oct 10, 2013, we upgraded Constellation Brands Inc. ( STZ ) to Outperform based on its better-than-expected second quarter bottom-line results and upbeat guidance for fiscal 2014. Constellation Brands' second-quarter fiscal 2014 adjusted earnings per share came in at 96 cents, handily beating the Zacks Consensus Estimate of 89 cents and up 35.2% on a year-over-year basis. The major driving factor was consolidation of the Crown Imports business.
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On Oct 10, 2013, we upgraded Constellation Brands Inc. ( STZ ) to Outperform based on its better-than-expected second quarter bottom-line results and upbeat guidance for fiscal 2014. The company - which is a global producer and marketer of beer, wine and spirits - became a Zacks Rank #1 (Strong Buy) stock shortly after announcing second-quarter results. Constellation Brands' second-quarter fiscal 2014 adjusted earnings per share came in at 96 cents, handily beating the Zacks Consensus Estimate of 89 cents and up 35.2% on a year-over-year basis.
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2013-10-16 00:00:00 UTC
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Brown-Forman Realigns Asia Pacific Biz - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/brown-forman-realigns-asia-pacific-biz-analyst-blog-2013-10-16
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Aiming to strengthen its organizational focus and making optimum use of its resources in the huge Asia Pacific (APAC) region, Brown-Forman Corporation ( BF.B ) has decided to split the operations of this region into two parts. Beginning Nov 1, 2013, the company's Asia Pacific region will be operational as Australia, New Zealand, and Southeast Asia region (ANZSEA) and the North Asia region (NA).
As part of the restructuring efforts, the company has appointed Michael McShane as the managing director, ANZSEA and Trevor Smith as managing director, NA. McShane will spearhead operations from Sydney, while Smith from Hong Kong.
Prior to this, McShane served as senior vice president, managing director, Asia Pacific, stationed in Hong Kong. He has been associated with the company for some time and possesses considerable experience in Asian operations. Over this term with Brown-Forman, he has occupied various positions, including managing director, North Asia, and managing director, Australia. He has also presided as the chai
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Aiming to strengthen its organizational focus and making optimum use of its resources in the huge Asia Pacific (APAC) region, Brown-Forman Corporation ( BF.B ) has decided to split the operations of this region into two parts. Prior to this, McShane served as senior vice president, managing director, Asia Pacific, stationed in Hong Kong. He has been associated with the company for some time and possesses considerable experience in Asian operations.
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Beginning Nov 1, 2013, the company's Asia Pacific region will be operational as Australia, New Zealand, and Southeast Asia region (ANZSEA) and the North Asia region (NA). Prior to this, McShane served as senior vice president, managing director, Asia Pacific, stationed in Hong Kong. Over this term with Brown-Forman, he has occupied various positions, including managing director, North Asia, and managing director, Australia.
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Beginning Nov 1, 2013, the company's Asia Pacific region will be operational as Australia, New Zealand, and Southeast Asia region (ANZSEA) and the North Asia region (NA). As part of the restructuring efforts, the company has appointed Michael McShane as the managing director, ANZSEA and Trevor Smith as managing director, NA. Prior to this, McShane served as senior vice president, managing director, Asia Pacific, stationed in Hong Kong.
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Beginning Nov 1, 2013, the company's Asia Pacific region will be operational as Australia, New Zealand, and Southeast Asia region (ANZSEA) and the North Asia region (NA). As part of the restructuring efforts, the company has appointed Michael McShane as the managing director, ANZSEA and Trevor Smith as managing director, NA. Prior to this, McShane served as senior vice president, managing director, Asia Pacific, stationed in Hong Kong.
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2013-10-08 00:00:00 UTC
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Diageo Gives Smirnoff a Flavor Twist - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/diageo-gives-smirnoff-a-flavor-twist-analyst-blog-2013-10-08
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U.K.-based brewer Diageo plc ( DEO ) has come up with new flavors - Wild Honey and Cinna-Sugar Twist - of its flagship Smirnoff Vodka to set the mood for the brisk fall weather.
Wild Honey's fruity flavor and can be complemented with other spirits like bourbons, rums and liqueurs as well as mixers such as cold brew tea and cider. Cinna-Sugar Twist has a pastry essence with a tinge of cinnamon. The two flavors will be offered in a 750 ml bottle with a price tag of $15.99.
The new versions of the Smirnoff Vodka join the Smirnoff Confections portfolio which boasts popular brands like Smirnoff Root Beer Float, Smirnoff Iced Cake, Smirnoff Kissed Caramel, Smirnoff Whipped Cream and Smirnoff Fluffed Marshmallow that undergo three stages of distillation.
Diageo has a leading position both in the beer and vodka markets with a strong portfolio of globally recognized flagship brands, including Smirnoff, Johnnie Walker, Captain Morgan, Baileys and Guinness. Diageo betters its products through continuous innovations. In Jun 2013, keeping in view the bright future of the global luxury alcohol market, the company launched a limited edition Johnnie Walker Blue Label crafted by Alfred Dunhill. The new product joins the Richemont luxury brand of blue scotch owned by the company.
Other Stocks to Consider
Currently, Diageo carries a Zacks Rank #2 (Buy). Other consumer staples stocks worth considering are Boston Beer Inc. ( SAM ), Constellation Brand Inc. ( STZ ) and Truett Hurst Inc. ( THST ). While Constellation Brand carries a Zacks Rank #1 (Strong Buy), Boston Beer and Truet Hurst carry a Zacks Rank #2.
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
BOSTON BEER INC (SAM): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
TRUETT-HURST (THST): Get Free Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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U.K.-based brewer Diageo plc ( DEO ) has come up with new flavors - Wild Honey and Cinna-Sugar Twist - of its flagship Smirnoff Vodka to set the mood for the brisk fall weather. DIAGEO PLC-ADR (DEO): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report TRUETT-HURST (THST): Get Free Report To read this article on Zacks.com click here. Diageo has a leading position both in the beer and vodka markets with a strong portfolio of globally recognized flagship brands, including Smirnoff, Johnnie Walker, Captain Morgan, Baileys and Guinness.
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DIAGEO PLC-ADR (DEO): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report TRUETT-HURST (THST): Get Free Report To read this article on Zacks.com click here. U.K.-based brewer Diageo plc ( DEO ) has come up with new flavors - Wild Honey and Cinna-Sugar Twist - of its flagship Smirnoff Vodka to set the mood for the brisk fall weather. Diageo has a leading position both in the beer and vodka markets with a strong portfolio of globally recognized flagship brands, including Smirnoff, Johnnie Walker, Captain Morgan, Baileys and Guinness.
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U.K.-based brewer Diageo plc ( DEO ) has come up with new flavors - Wild Honey and Cinna-Sugar Twist - of its flagship Smirnoff Vodka to set the mood for the brisk fall weather. DIAGEO PLC-ADR (DEO): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report TRUETT-HURST (THST): Get Free Report To read this article on Zacks.com click here. The new versions of the Smirnoff Vodka join the Smirnoff Confections portfolio which boasts popular brands like Smirnoff Root Beer Float, Smirnoff Iced Cake, Smirnoff Kissed Caramel, Smirnoff Whipped Cream and Smirnoff Fluffed Marshmallow that undergo three stages of distillation.
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U.K.-based brewer Diageo plc ( DEO ) has come up with new flavors - Wild Honey and Cinna-Sugar Twist - of its flagship Smirnoff Vodka to set the mood for the brisk fall weather. DIAGEO PLC-ADR (DEO): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report TRUETT-HURST (THST): Get Free Report To read this article on Zacks.com click here. Diageo has a leading position both in the beer and vodka markets with a strong portfolio of globally recognized flagship brands, including Smirnoff, Johnnie Walker, Captain Morgan, Baileys and Guinness.
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2013-10-04 00:00:00 UTC
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3 'Royal' U.K. Stocks to Buy Now - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/3-royal-u.k.-stocks-to-buy-now-analyst-blog-2013-10-04
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As the U.K. celebrated the arrival in July of a new member to the Royal Family - third in line to the British throne - other encouraging news gradually began to flow across the spectrum. The U.K. economy particularly came up with some positive data since July to show signs of a holistic long-term sustainable growth. The encouraging economic numbers appear to be perfect icing on the cake for a country that is continuously ravaged by the European sovereign debt crisis.
Meanwhile, as global equity markets are continuing to move north in the zero-taper landscape, the U.K. economy seems to be well poised to grow at a moderate pace in the coming quarters as well. Amid such positive developments, it might be a good idea to cherry-pick some fundamentally strong U.K. stocks. However, before we zoom in on a handful of priceless stocks, let us rewind the various turn of events over the past few months.
The Positive Feelers
The U.K. services sector, which account for more than 75% of the country's GDP, edged up 0.2% in July from the previous month and 1.8% year over year. Second quarter labor productivity (in terms of output per hour) rose 0.5% across the economy for the first time in two years.
Consumer spending was up 0.3% in the second quarter on a sequential basis and up 1.8% year over year. This implied that the country's recovery was slowly yet steadily moving onto firmer footing, reducing the need for more hiring and delaying a rise in interest rates to encourage more consumer spending.
The August Markit/CIPS purchasing managers' index (PMI) for the construction sector came in at 59.1 - the highest tally since Sep 2007, giving further indication that the U.K. economy has improved steadfastly. This complemented the healthy manufacturing PMI figures of 57.2 for the month - the highest in the last two-and-a-half-year period.
The spurt in the manufacturing sector was driven by the fastest rise in both new orders and output since 1994, mostly buoyed by a strong domestic demand. In addition, export orders hit its highest level in more than two years with an impressive 3.6% growth in the second quarter.
The overall U.K. economy expanded 0.7% in the second quarter, well exceeding the economic forecasts. This put U.K.'s growth rate at par with that of Germany, which is considered to be the powerhouse of the Eurozone.
Consumer-sentiment index, as measured by London-based market research agency GfK NOP Ltd., increased from a negative 13 in August to negative 10 in September - the highest tally since Nov 2007. The index has consecutively climbed for five straight months - the longest stretch of gains since Jan 1993, signifying the optimism of consumers about the performance of the economy in the next 12 months.
This has further led the housing market to step-up the ante, which has steadily observed a strong demand from cash-rich foreign buyers. Gross mortgage lending remained relatively stable at an estimated £16.6 billion ($25.7 billion) in August compared with £16.7 billion ($25.3 billion) in July, implying a healthy and broad-based housing market recovery.
The Implications
As consumer sentiment rises and confidence returns, more and more sellers enter the market and domestic consumption increases. This is likely to improve public finances as tax revenues from companies, sales and employment swell government coffers. On the other hand, steady employment levels will also reduce the burden on government exchequer with fewer expenses for welfare schemes such as unemployment benefits.
A positive market sentiment has further benefited sectors like housing and automobile. According to data from the Society of Motor Manufacturers and Traders, over 162,000 new cars were registered in Jul 2013 - representing a year-over-year rise of 12.7%.
This is the 17th consecutive monthly increase in the U.K. automobile sector, bringing the tally for the first seven months of the year to more than 1.3 million - up 10% year over year. This is encouraging news for automobile majors like General Motors Co. ( GM ), Ford Motor Co. ( F ) and Honda Motor Co. ( HMC ).
Data from the Office for National Statistics revealed that retail sales increased 0.9% in the second quarter as retail sales volume was up 2.2% year over year in June. This followed a 0.5% increase in retail sales in the first quarter of 2013, further signifying an upturn in the economy.
3 Must-Have U.K. Stocks
Amid such encouraging data, there are certain U.K. stocks with attractive valuation metrics backed by a solid Zacks Rank #2 (Buy). Let's take a closer look at these companies that appear to be well positioned to outperform in the short-term.
British American Tobacco plc ( BTI ): Headquartered in London, British American Tobacco manufactures, distributes and sells tobacco and nicotine products like cigarettes, cigars, smokeless snus, roll-your-own, and pipe tobacco products. The company offers its products under well-known global brands such as the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Vogue, Viceroy, Kool, Peter Stuyvesant, John Player, State Express 555, Benson & Hedges, Captain Black, and Dunhill. The stock is trading at a forward P/E of 15.14x and has a long-term earnings expectation of 9.19%.
Diageo plc ( DEO ): London-based Diageo plc trades at a forward P/E of 18.22x and has a long-term earnings expectation of 9.61%. The company produces, distills, brews, packages and distributes spirits, beer, wine, and ready-to-drink beverages across the globe. Some of its reputed products include Johnnie Walker Scotch whisky, Crown Royal Canadian whisky, J&B Scotch whisky, Buchanan's Scotch whisky, Windsor Premier Scotch whisky, Smirnoff vodka, Captain Morgan rum, Tanqueray gin and Guinness stout.
Prudential plc ( PUK ): Headquartered in London, Prudential offers retail financial products like life insurance, health and protection products, mutual funds, property and casualty insurance, group insurance, institutional fund management and asset management services to individuals and businesses. The stock is currently trading at a forward P/E of 14.58x and has a long-term earnings expectation of 9.00%.
Such strong fundamentals signify that this is perhaps the most opportune time to own these high-potential stocks that pledge a healthy ROI, as experts believe that the market might be vulnerable to a correction once the next election knocks the door.
BRITISH AM TOB (BTI): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
FORD MOTOR CO (F): Free Stock Analysis Report
GENERAL MOTORS (GM): Free Stock Analysis Report
HONDA MOTOR (HMC): Free Stock Analysis Report
PRUDENTIAL PLC (PUK): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Diageo plc ( DEO ): London-based Diageo plc trades at a forward P/E of 18.22x and has a long-term earnings expectation of 9.61%. BRITISH AM TOB (BTI): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report PRUDENTIAL PLC (PUK): Free Stock Analysis Report To read this article on Zacks.com click here. Meanwhile, as global equity markets are continuing to move north in the zero-taper landscape, the U.K. economy seems to be well poised to grow at a moderate pace in the coming quarters as well.
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BRITISH AM TOB (BTI): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report PRUDENTIAL PLC (PUK): Free Stock Analysis Report To read this article on Zacks.com click here. Diageo plc ( DEO ): London-based Diageo plc trades at a forward P/E of 18.22x and has a long-term earnings expectation of 9.61%. British American Tobacco plc ( BTI ): Headquartered in London, British American Tobacco manufactures, distributes and sells tobacco and nicotine products like cigarettes, cigars, smokeless snus, roll-your-own, and pipe tobacco products.
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BRITISH AM TOB (BTI): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report PRUDENTIAL PLC (PUK): Free Stock Analysis Report To read this article on Zacks.com click here. Diageo plc ( DEO ): London-based Diageo plc trades at a forward P/E of 18.22x and has a long-term earnings expectation of 9.61%. This is the 17th consecutive monthly increase in the U.K. automobile sector, bringing the tally for the first seven months of the year to more than 1.3 million - up 10% year over year.
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Diageo plc ( DEO ): London-based Diageo plc trades at a forward P/E of 18.22x and has a long-term earnings expectation of 9.61%. BRITISH AM TOB (BTI): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report HONDA MOTOR (HMC): Free Stock Analysis Report PRUDENTIAL PLC (PUK): Free Stock Analysis Report To read this article on Zacks.com click here. Consumer spending was up 0.3% in the second quarter on a sequential basis and up 1.8% year over year.
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2013-10-03 00:00:00 UTC
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Diageo's Johnnie Walker in Korea - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/diageos-johnnie-walker-in-korea-analyst-blog-2013-10-03
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Diageo Plc. ( DEO ) has opened its first Johnnie Walker House in Seoul, Korea in Sep 2013. Johnnie Walker House is an ultimate luxury venue for the Scotch whiskey lovers where the visitors can acquaint themselves to the different types of Scotch whiskies offered by the company. The inauguration is part of Diageo's strategy to promote Scotch whiskey in the Korean market.
This is DEO's third Johnnie Walker House outside Scotland, the first being in Shanghai in 2011. Following its huge success, DEO opened a second property in Beijing in 2012.
The Johnnie Walker House in Seoul has been created by the creative agency LOVE and is inspired by the 'whisky conversation' theme similar to the preceding ones in Shanghai and Beijing. Every room, display and interaction in the 'House' engages the customers in stimulating discussions, inspirational events, lectures and master classes.
The six-floor building has a distillery room, blending suite, VIP lounge and a rooftop bar where visitors can taste rare whiskies. DEO is also offering limited edition rare Scotch whiskies, custom designed dinners, and other exclusively-Korean, modern whisky offerings in the 'House.'
Diageo is apparently trying to make up the decline in sales in the Korean market by shifting its focus to premium brands and attract its first-rate customers who can afford to visit the modern establishments.
Such promotional efforts is expected to boost sales of Diageo's Scotch whiskey segment, which suffered a setback in the Asian market in the recently concluded second half of fiscal 2013. Net sales in Korea fell 17% on an organic basis during the period.
Other Stocks to Consider
Currently, Diageo carries a Zacks Rank #2 (Buy). Other consumer staples stocks worth considering are Boston Beer Inc. ( SAM ), Constellation Brand Inc. ( STZ ) and Anheuser-BuschInbev (BUD ). While Boston Beer carries a Zacks Rank #1 (Strong Buy), Constellation Brand and Anheuser-Busch carry a Zacks Rank #2 (Buy).
ANHEUSER-BU ADR (BUD): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
BOSTON BEER INC (SAM): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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( DEO ) has opened its first Johnnie Walker House in Seoul, Korea in Sep 2013. This is DEO's third Johnnie Walker House outside Scotland, the first being in Shanghai in 2011. Following its huge success, DEO opened a second property in Beijing in 2012.
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ANHEUSER-BU ADR (BUD): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. ( DEO ) has opened its first Johnnie Walker House in Seoul, Korea in Sep 2013. This is DEO's third Johnnie Walker House outside Scotland, the first being in Shanghai in 2011.
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DEO is also offering limited edition rare Scotch whiskies, custom designed dinners, and other exclusively-Korean, modern whisky offerings in the 'House.' ANHEUSER-BU ADR (BUD): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. ( DEO ) has opened its first Johnnie Walker House in Seoul, Korea in Sep 2013.
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( DEO ) has opened its first Johnnie Walker House in Seoul, Korea in Sep 2013. This is DEO's third Johnnie Walker House outside Scotland, the first being in Shanghai in 2011. Following its huge success, DEO opened a second property in Beijing in 2012.
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2013-09-30 00:00:00 UTC
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Brown-Forman Picks Amsterdam as Europe HQ - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/brown-forman-picks-amsterdam-as-europe-hq-analyst-blog-2013-09-30
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In an effort to consolidate its European management, Brown-Forman Corp. ( BF.B ) will be opening its regional headquarter at Amsterdam, The Netherlands. The newly created head office, expected to be fully operational from Jan 1, 2014, will gradually accommodate approximately 40 employees over the next few years.
The company's activities across the European region have risen significantly in the past few years, with the region accounting for approximately 30% of Brown-Forman's fiscal-2013 net sales. Therefore, with the aim to sustain healthy growth in the region, Brown-Forman resolved to move its European leadership team and key functional leaders to Amsterdam. Moreover, the Dutch capital gets preference due to its central location and easy access to the rest of Europe and other international markets.
The company revealed that including Thomas Hinrichs, senior vice president and managing director of the European operations, other key members of the company's European leadership team will be relocated to Amsterdam from across Hamburg, London, Paris, Prague, and Louisville by the end of Jan 2014.
Apart from this, Brown-Forman decided to move its Finlandia Global Brand Team to the Dutch capital from Louisville, Ky. The company's motive is to bring Finlandia's key members closer to their largest customer base as Finlandia sources nearly 80% of its businesses from Europe. Therefore, Carmen d'Ascendis, senior vice president and managing director of the vodka business and other key members of the Finlandia Global Brand Team will be moved to Amsterdam from the company's headquarter in Louisville.
Brown-Forman, which competes with Diageo plc ( DEO ) is one of the leading producers and distributors of premium alcoholic beverages in the world and commands a strong portfolio of globally-recognized brands. The company's portfolio consists of more than 25 premium brands, including Jack Daniel's -the flagship spirits brand - followed by Southern Comfort liqueur, Canadian Mist whiskey, Finlandia vodka as well as Fetzer and Korbel wine brands.
We remain impressed with the company's pricing strategy, product innovation, and penetration into the emerging markets to boost its operational performance and bolster its well-established position in the market. We believe Brown-Forman's consistent focus on developing its premium Jack Daniel's brand through innovation and packaging changes has paid off, making it a thriving company.
Apart from expanding the market share of its flagship Jack Daniel's in developed and emerging markets, the company seeks to expand the sphere of its other brands, such as Gentleman Jack, Jack Daniel's Single Barrel and Jack Daniel's ready-to-drink within the Jack Daniel's brand.
However, disappointing fiscal first-quarter 2014 earnings results on the back of higher input costs and increase in operating expenses have hurt investor sentiment. Therefore, Brown-Forman currently holds a Zacks Rank #4 (Sell).
On a positive note, however, the company reaffirmed its fiscal-2014 outlook, still projecting earnings in the range of $2.80-$3.00 per share, a 9%-11% increase in operating income and a high-single-digit rise in sales.
Other stocks worth considering in the alcoholic beverage industry are Boston Beer Co. Inc. ( SAM ) and Constellation Brands Inc. ( STZ ). Boston Beer holds a Zacks Rank #1 (Strong Buy) while Constellation Brands has a Zacks Rank #2 (Buy).
BROWN FORMAN B (BF.B): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
BOSTON BEER INC (SAM): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Brown-Forman, which competes with Diageo plc ( DEO ) is one of the leading producers and distributors of premium alcoholic beverages in the world and commands a strong portfolio of globally-recognized brands. BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Therefore, with the aim to sustain healthy growth in the region, Brown-Forman resolved to move its European leadership team and key functional leaders to Amsterdam.
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BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Brown-Forman, which competes with Diageo plc ( DEO ) is one of the leading producers and distributors of premium alcoholic beverages in the world and commands a strong portfolio of globally-recognized brands. The company revealed that including Thomas Hinrichs, senior vice president and managing director of the European operations, other key members of the company's European leadership team will be relocated to Amsterdam from across Hamburg, London, Paris, Prague, and Louisville by the end of Jan 2014.
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Brown-Forman, which competes with Diageo plc ( DEO ) is one of the leading producers and distributors of premium alcoholic beverages in the world and commands a strong portfolio of globally-recognized brands. BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. The company revealed that including Thomas Hinrichs, senior vice president and managing director of the European operations, other key members of the company's European leadership team will be relocated to Amsterdam from across Hamburg, London, Paris, Prague, and Louisville by the end of Jan 2014.
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Brown-Forman, which competes with Diageo plc ( DEO ) is one of the leading producers and distributors of premium alcoholic beverages in the world and commands a strong portfolio of globally-recognized brands. BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Therefore, Carmen d'Ascendis, senior vice president and managing director of the vodka business and other key members of the Finlandia Global Brand Team will be moved to Amsterdam from the company's headquarter in Louisville.
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2013-09-27 00:00:00 UTC
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Brown-Forman Retains Neutral Stance - Analyst Blog
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https://www.nasdaq.com/articles/brown-forman-retains-neutral-stance-analyst-blog-2013-09-27
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We have maintained our long-term Neutral recommendation on Brown-Forman Corporation ( BF.B ), with a target price of $75.00.
Why Reiterate?
Brown-Forman is one of the leading producers and distributors of premium alcoholic beverages in the world and commands a strong portfolio of globally-recognized brands. The company's portfolio consists of more than 25 premium brands, including Jack Daniel's -the flagship spirits brand - followed by Southern Comfort liqueur, Canadian Mist whiskey, Finlandia vodka as well as Fetzer and Korbel wine brands.
We remain impressed with the company's strong organic revenue growth and management guidance. We believe that Brown-Forman's consistent focus on developing its premium Jack Daniel's brand through innovation and packaging changes has paid off, making it a thriving company.
Apart from expanding the market share of its flagship Jack Daniel's in developed and emerging markets, the company seeks to expand the sphere of other brands, such as Gentleman Jack, Jack Daniel's Single Barrel and Jack Daniel's ready-to-drink within the Jack Daniel's brand.
Moreover, we expect the company's pricing strategy, product innovation, and penetration into emerging markets to boost operational performance and bolster its well-established position in the market.
However, disappointing fiscal first-quarter 2014 earnings results on the back of higher input costs and increase in operating expenses have hurt investor sentiments. On a positive note, however, the company reaffirmed its fiscal-2014 outlook, still projecting earnings in the range of $2.80-$3.00 per share, a 9%-11% increase in operating income and a high-single-digit rise in sales.
Other impediments for the stock include stiff competition from other alcoholic beverage companies, such as Diageo plc ( DEO ) along with the potential risk of operating in overseas market may have an adverse effect on Brown-Forman's financial performance. Moreover, we caution that any increase in excise tax may adversely affect the company's financial performance as distilled spirits are subject to excise tax in various countries.
Other Stocks Worth Considering
Brown-Forman holds a Zacks Rank #4 (Sell). Stocks worth considering in the alcoholic beverage industry are Boston Beer Co. Inc. ( SAM ) and Constellation Brands Inc. ( STZ ). Boston Beer holds a Zacks Rank #1 (Strong Buy) while Constellation Brands has a Zacks Rank #2 (Buy).
BROWN FORMAN B (BF.B): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
BOSTON BEER INC (SAM): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other impediments for the stock include stiff competition from other alcoholic beverage companies, such as Diageo plc ( DEO ) along with the potential risk of operating in overseas market may have an adverse effect on Brown-Forman's financial performance. BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. However, disappointing fiscal first-quarter 2014 earnings results on the back of higher input costs and increase in operating expenses have hurt investor sentiments.
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BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Other impediments for the stock include stiff competition from other alcoholic beverage companies, such as Diageo plc ( DEO ) along with the potential risk of operating in overseas market may have an adverse effect on Brown-Forman's financial performance. The company's portfolio consists of more than 25 premium brands, including Jack Daniel's -the flagship spirits brand - followed by Southern Comfort liqueur, Canadian Mist whiskey, Finlandia vodka as well as Fetzer and Korbel wine brands.
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BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Other impediments for the stock include stiff competition from other alcoholic beverage companies, such as Diageo plc ( DEO ) along with the potential risk of operating in overseas market may have an adverse effect on Brown-Forman's financial performance. The company's portfolio consists of more than 25 premium brands, including Jack Daniel's -the flagship spirits brand - followed by Southern Comfort liqueur, Canadian Mist whiskey, Finlandia vodka as well as Fetzer and Korbel wine brands.
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Other impediments for the stock include stiff competition from other alcoholic beverage companies, such as Diageo plc ( DEO ) along with the potential risk of operating in overseas market may have an adverse effect on Brown-Forman's financial performance. BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Apart from expanding the market share of its flagship Jack Daniel's in developed and emerging markets, the company seeks to expand the sphere of other brands, such as Gentleman Jack, Jack Daniel's Single Barrel and Jack Daniel's ready-to-drink within the Jack Daniel's brand.
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728142.0
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2013-09-20 00:00:00 UTC
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Diageo Brings Spanish Wines to US - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/diageo-brings-spanish-wines-to-us-analyst-blog-2013-09-20
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nan
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Americans can now savor their favorite Spanish wines as Diageo Plc.'s (DEO)s ubsidiary Diageo Chateau & Estate Wine (DC&E) has gained the exclusive rights to import two popular Spanish drinks - Campo Eliseo and Campo Alegre - from the Toro collections of Spain beginning Sep 1, 2013. These additions will augment Diageo's already rich luxury import collection.
DC&E manufactures and markets premium wines from vineyards around the world, including Napa Valley, Sonoma, the California Central Coast, Argentina, France, Italy, New Zealand and Australia. It also imports Bordeaux and Burgundy estate-bottled wines.
With these two wines DC&E stepped into the booming Spanish wine sector. Campo Eliseo and Campo Alegre have been crafted by the famous winemaker Michel Rolland, his wife, Dany, and the iconic Bordeaux-based wine maker, Francois Lurton. The wines, famous for their strong taste and longevity, are made from 100% Tinta De Toro grapes, grown in Toro, central Spain.
While Campo Eliseo is brewed from grapes growing in 50 to 75 year old vines, Campo Alegre is made from younger vines. Campo Alegre has a milder taste and is priced at $40 per bottle. Campo Eliseo, on the other hand, is priced at about $80 per bottle. Diageo will offer the new varieties in the markets of New York, Florida, Washington, DC, Texas and California.
Management feels that the global luxury market, especially the luxury alcohol category, is expected to reach approximately $400 billion within the next few years. Moreover, the growing affluence of the emerging middle-class consumers has prompted Diageo to ensure easy availability of spirits through flavor extensions, new packaging and drink formats.
Other Stocks to Consider
Diageo currently holds a Zacks Rank #3 (Hold). Other consumer staple stocks worth considering are Boston Beer Co. Inc. ( SAM ), Constellation Brands Inc. ( STZ ) and Green Mountain Coffee Roasters Inc . ( GMCR ). While Boston Beer and Green Mountain carry a Zacks Rank #1 (Strong Buy), Constellation Brand carries a Zacks Rank #2 (Buy).
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
GREEN MTN COFFE (GMCR): Free Stock Analysis Report
BOSTON BEER INC (SAM): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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's (DEO)s ubsidiary Diageo Chateau & Estate Wine (DC&E) has gained the exclusive rights to import two popular Spanish drinks - Campo Eliseo and Campo Alegre - from the Toro collections of Spain beginning Sep 1, 2013. DIAGEO PLC-ADR (DEO): Free Stock Analysis Report GREEN MTN COFFE (GMCR): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. DC&E manufactures and markets premium wines from vineyards around the world, including Napa Valley, Sonoma, the California Central Coast, Argentina, France, Italy, New Zealand and Australia.
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DIAGEO PLC-ADR (DEO): Free Stock Analysis Report GREEN MTN COFFE (GMCR): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. 's (DEO)s ubsidiary Diageo Chateau & Estate Wine (DC&E) has gained the exclusive rights to import two popular Spanish drinks - Campo Eliseo and Campo Alegre - from the Toro collections of Spain beginning Sep 1, 2013. Other consumer staple stocks worth considering are Boston Beer Co. Inc. ( SAM ), Constellation Brands Inc. ( STZ ) and Green Mountain Coffee Roasters Inc .
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's (DEO)s ubsidiary Diageo Chateau & Estate Wine (DC&E) has gained the exclusive rights to import two popular Spanish drinks - Campo Eliseo and Campo Alegre - from the Toro collections of Spain beginning Sep 1, 2013. DIAGEO PLC-ADR (DEO): Free Stock Analysis Report GREEN MTN COFFE (GMCR): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Campo Eliseo and Campo Alegre have been crafted by the famous winemaker Michel Rolland, his wife, Dany, and the iconic Bordeaux-based wine maker, Francois Lurton.
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's (DEO)s ubsidiary Diageo Chateau & Estate Wine (DC&E) has gained the exclusive rights to import two popular Spanish drinks - Campo Eliseo and Campo Alegre - from the Toro collections of Spain beginning Sep 1, 2013. DIAGEO PLC-ADR (DEO): Free Stock Analysis Report GREEN MTN COFFE (GMCR): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. These additions will augment Diageo's already rich luxury import collection.
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2013-09-06 00:00:00 UTC
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European Shares Edge Up After Weak US Jobs Data Sparks Speculation Fed Will Stay on Hold For Now
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DEO
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https://www.nasdaq.com/articles/european-shares-edge-after-weak-us-jobs-data-sparks-speculation-fed-will-stay-hold-now
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European stocks firmed after U.S. August payrolls gained a less-than-expected 169,000 jobs.
The jobless rate fell to 7.3% from 7.4%. July payrolls also were revised down by 50,000 to 112,000.
The weaker-than-expected jobs growth sparked new speculation that the Fed will hold off on its bond-tapering program now.
The advance, though, was capped by ongoing worries over Syria. Russian President Vladimir Putin vowed to support Syria against any Western military strike.
Around the region, Germany's exports fell 1.1% on the month in July, while imports increased by 0.5%. The data are adjusted for calendar and seasonal effects. The country's adjusted trade surplus came in at 14.5 billion euros ($19 billion) in July, below experts' expectations of EUR16 billion. June's adjusted trade surplus was EUR15.8 billion, a slight revision from the EUR15.7 billion first reported.
Germany's industrial output fell an adjusted 1.7% in July, reversing a revised 2% gain in June. Economists were looking for a dip of just 0.5%. Adjusted for working days, industrial output fell 2.2%.
Moody's Investors Service changed the outlook for Germany's banking system to stable from negative, which it had been since April 2008.
Halifax said UK house prices in August rose 0.4% from July and were 5.4% higher than a year earlier, the biggest annual increase since June 2010.
In July, house prices increased 0.9% from June, and were up 4.6% from July last year.
Overall UK industrial production was flat in July compared with June, and was 1.6% lower on an annual basis.
The Office for National Statistics said the deficit on goods was 9.9 billion pounds ($15.45 billion) in July, considerably wider than June's deficit of GBP8.2 billion. It is also the biggest trade gap in nine months.
French consumer sentiment rose to 84 in August from 82 in July, Insee said.
Greek Q2 GDP was revised to down 3.8% year-on-year, up from a previous estimate of down 4.6%.
In ADR news, Ericsson ( ERIC ) was upgraded to outperform from neutral at Credit Suisse.
Diageo plc ( DEO ) firmed after Citigroup upgraded the shares to buy and raised its target price.
The FTSE-100 was last up 0.23% at 6,547.33, the DAX up 0.49% at 8,275.67 and the CAC-40 up 1.06% at 4,049.19.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Diageo plc ( DEO ) firmed after Citigroup upgraded the shares to buy and raised its target price. Moody's Investors Service changed the outlook for Germany's banking system to stable from negative, which it had been since April 2008. Halifax said UK house prices in August rose 0.4% from July and were 5.4% higher than a year earlier, the biggest annual increase since June 2010.
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Diageo plc ( DEO ) firmed after Citigroup upgraded the shares to buy and raised its target price. Germany's industrial output fell an adjusted 1.7% in July, reversing a revised 2% gain in June. Halifax said UK house prices in August rose 0.4% from July and were 5.4% higher than a year earlier, the biggest annual increase since June 2010.
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Diageo plc ( DEO ) firmed after Citigroup upgraded the shares to buy and raised its target price. The country's adjusted trade surplus came in at 14.5 billion euros ($19 billion) in July, below experts' expectations of EUR16 billion. Germany's industrial output fell an adjusted 1.7% in July, reversing a revised 2% gain in June.
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Diageo plc ( DEO ) firmed after Citigroup upgraded the shares to buy and raised its target price. July payrolls also were revised down by 50,000 to 112,000. June's adjusted trade surplus was EUR15.8 billion, a slight revision from the EUR15.7 billion first reported.
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2013-08-13 00:00:00 UTC
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Diageo plc (DEO) Ex-Dividend Date Scheduled for August 14, 2013
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DEO
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https://www.nasdaq.com/articles/diageo-plc-deo-ex-dividend-date-scheduled-august-14-2013-2013-08-13
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Diageo plc ( DEO ) will begin trading ex-dividend on August 14, 2013. A cash dividend payment of $1.792515 per share is scheduled to be paid on October 08, 2013. Shareholders who purchased DEO stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 59.02% increase over the prior quarter.
The previous trading day's last sale of DEO was $129.07, representing a -2.2% decrease from the 52 week high of $131.98 and a 22.11% increase over the 52 week low of $105.70.
DEO is a part of the Consumer Non-Durables sector, which includes companies such as Coca-Cola Company ( KO ) and Anheuser-Busch Inbev SA ( BUD ).
For more information on the declaration, record and payment dates, visit the DEO Dividend History page.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Diageo plc ( DEO ) will begin trading ex-dividend on August 14, 2013. Shareholders who purchased DEO stock prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the DEO Dividend History page.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Diageo plc ( DEO ) will begin trading ex-dividend on August 14, 2013. Shareholders who purchased DEO stock prior to the ex-dividend date are eligible for the cash dividend payment.
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Shareholders who purchased DEO stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of DEO was $129.07, representing a -2.2% decrease from the 52 week high of $131.98 and a 22.11% increase over the 52 week low of $105.70. For more information on the declaration, record and payment dates, visit the DEO Dividend History page.
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Shareholders who purchased DEO stock prior to the ex-dividend date are eligible for the cash dividend payment. DEO is a part of the Consumer Non-Durables sector, which includes companies such as Coca-Cola Company ( KO ) and Anheuser-Busch Inbev SA ( BUD ). Diageo plc ( DEO ) will begin trading ex-dividend on August 14, 2013.
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2013-08-07 00:00:00 UTC
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Diageo plc (DEO) Enters Overbought Territory - Tale of the Tape
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DEO
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https://www.nasdaq.com/articles/diageo-plc-deo-enters-overbought-territory-tale-of-the-tape-2013-08-07
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Diageo plc ( DEO ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because DEO is now in overbought territory with an RSI value of 73.18. Furthermore, estimates for the Diageo have been coming down, pushing it to a Zacks Rank #4 (Sell). This suggests that investors may better off exiting this stock before it falls back to Earth.
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Diageo plc ( DEO ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. That is because DEO is now in overbought territory with an RSI value of 73.18.
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DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. Diageo plc ( DEO ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because DEO is now in overbought territory with an RSI value of 73.18.
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Diageo plc ( DEO ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. That is because DEO is now in overbought territory with an RSI value of 73.18.
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Diageo plc ( DEO ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because DEO is now in overbought territory with an RSI value of 73.18. DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here.
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2013-08-01 00:00:00 UTC
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Stock Downgrades: Bayer AG Has a Massive Headache
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https://www.nasdaq.com/articles/stock-downgrades-bayer-ag-has-massive-headache-2013-08-01
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This " Energizer ( ENR ) market" just keeps on going, and going, and going, with the Dow (^DJI) gaining 3.96% in July for its seventh monthly increase in eight. (Alas, Energizer itself tumbled 2.99% yesterday, so perhaps that wasn't the best analogy. The company, whose razors include Schick and Wilkinson Sword, is clearly suffering from previously clean-shaven Wall Street's sudden proliferation of beards .)
If Russia's decision to end a fertilizer cartel drove investors in the sector to vodka , at least Smirnoff owner Diageo ( DEO ) gained 3.2%. Its Guinness is " pure genius " and investors also bellied up to
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If Russia's decision to end a fertilizer cartel drove investors in the sector to vodka , at least Smirnoff owner Diageo ( DEO ) gained 3.2%. This " Energizer ( ENR ) market" just keeps on going, and going, and going, with the Dow (^DJI) gaining 3.96% in July for its seventh monthly increase in eight. The company, whose razors include Schick and Wilkinson Sword, is clearly suffering from previously clean-shaven Wall Street's sudden proliferation of beards .)
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If Russia's decision to end a fertilizer cartel drove investors in the sector to vodka , at least Smirnoff owner Diageo ( DEO ) gained 3.2%. This " Energizer ( ENR ) market" just keeps on going, and going, and going, with the Dow (^DJI) gaining 3.96% in July for its seventh monthly increase in eight. (Alas, Energizer itself tumbled 2.99% yesterday, so perhaps that wasn't the best analogy.
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If Russia's decision to end a fertilizer cartel drove investors in the sector to vodka , at least Smirnoff owner Diageo ( DEO ) gained 3.2%. This " Energizer ( ENR ) market" just keeps on going, and going, and going, with the Dow (^DJI) gaining 3.96% in July for its seventh monthly increase in eight. The company, whose razors include Schick and Wilkinson Sword, is clearly suffering from previously clean-shaven Wall Street's sudden proliferation of beards .)
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If Russia's decision to end a fertilizer cartel drove investors in the sector to vodka , at least Smirnoff owner Diageo ( DEO ) gained 3.2%. This " Energizer ( ENR ) market" just keeps on going, and going, and going, with the Dow (^DJI) gaining 3.96% in July for its seventh monthly increase in eight. (Alas, Energizer itself tumbled 2.99% yesterday, so perhaps that wasn't the best analogy.
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2013-08-01 00:00:00 UTC
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Diageo Reports Fiscal 2013 Earnings - Analyst Blog
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https://www.nasdaq.com/articles/diageo-reports-fiscal-2013-earnings-analyst-blog-2013-08-01
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Diageo Plc.'s ( DEO ) earnings in fiscal 2013 ended Jun 30, 2013, went up 11% year over year in local currency to 104.4 pence ($1.6* per share) from 94.2 pence ($1.5** per share) in the same period previous year.
Positive pricing, favorable mix in the emerging markets, volume growth in North America and Latin America, and tight cost control by management contributed to profit growth during the fiscal 2013.
On a reported basis, net revenue (i.e. total revenue excluding excise duties) increased 6% in local currency to £11.4 billion ($17.9 billion) in fiscal year 2013. On an organic basis, revenues increased 5%, while volume grew 1% from the prior-year level.
Diageo increased its marketing spending by 5% organically in fiscal 2013. Operating profit before exceptional items (excluding acquisitions and disposals) went up 8% year over year, on an organic basis.
During fiscal 2013, scotch was the most profitable category backed by the strong sales of Johnnie Walker. Diageo continued to enhance its wide portfolio of brands with innovations and massive product launches, particularly in the U.S. spirit market.
Segment Details
All the regions, except Europe, have delivered positive organic sales growth.
In North America , Diageo's organic sales increased 5% in fiscal 2013, with a volume growth of 1% backed by positive price/mix and strong results in the U.S. spirits market. The shift in demand toward premium spirits led to strong sales of the premium brands of Diageo during the period. Marketing spending increased 7% in the region, primarily because of increased investment in strategic brands. Operating profit grew 10% organically in the year.
Beer and Ready to Drink suffered sales decline mainly due to increased competition and supply disruptions
In WesternEurope , organic sales fell 4% along with volume declines of 3% due to ongoing macroeconomic challenges. The company saw 9% decline in operating profit with an 8% decline in marketing spending. Marketing investment during the period was focused on the strategic brands like Captain Morgan, Tanqueray and Guinness.
Diageo has started reporting Africa, Eastern Europe and Turkey as a new geographical segment. This segment's organic sales increased 10% in the fiscal year, with 4% growth in volume backed by strong spirits sales gain in the region. Marketing spending increased 14% in the region, particularly on well established brands. Operating profit increased 14%.
The Latin America and Caribbean region delivered a strong performance in the year, with organic sales growth of 15% and volume growth of 4% backed by strong growth in Venezuela and Mexico, partially offset by a slowdown in Brazil. The company also increased its marketing spending by 12% to enhance the brand equities in its reserve brands. It will also invest part of it in enhancing strategic brands like Johnnie Walker Red Label, Black&White and White Horse. Despite the increasing costs, operating profit grew 28% in the year.
In the Asia Pacific region, sales climbed 3% organically with a volume growth of 1% mostly due to difficult conditions in Korea. Marketing spending jumped 8% mainly on reserve brands and operating profit grew 24% on an organic basis backed by positive pricing. Strong results in Taiwan, Japan, Australia and the Middle East were partially offset by reduced spending in China.
The company is increasing marketing investment in all the geographical segments and is focusing more on its premium brands. The strategy of converting to high-margin high-priced products is helping the company improve its margins.
Diageo is expanding fast into the emerging markets. Diageo holds 27.4% ownership in United Spirits Limited, a leading spirit company of India.
Currently, Diageo Plc carries a Zacks Rank #4 (Sell). Other consumer staples companies which are better placed and are worth considering are Tyson Foods Inc. ( TSN ), Green Mountain Coffee Roasters Inc. ( GMCR ) and Nash Finch Company ( NAFC ). While Green Mountain and Nash Finch hold a Zacks #1 (Strong Buy), Tsingtao Brewery carries a Zacks Rank #2 (Buy).
*£1=$1.56908 (average price of the year ended Jun 30, 2013).
**£1=$1.58494 (average price of the year ended Jun 30, 2012).
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
GREEN MTN COFFE (GMCR): Free Stock Analysis Report
NASH FINCH CO (NAFC): Free Stock Analysis Report
TYSON FOODS A (TSN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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's ( DEO ) earnings in fiscal 2013 ended Jun 30, 2013, went up 11% year over year in local currency to 104.4 pence ($1.6* per share) from 94.2 pence ($1.5** per share) in the same period previous year. DIAGEO PLC-ADR (DEO): Free Stock Analysis Report GREEN MTN COFFE (GMCR): Free Stock Analysis Report NASH FINCH CO (NAFC): Free Stock Analysis Report TYSON FOODS A (TSN): Free Stock Analysis Report To read this article on Zacks.com click here. Diageo continued to enhance its wide portfolio of brands with innovations and massive product launches, particularly in the U.S. spirit market.
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DIAGEO PLC-ADR (DEO): Free Stock Analysis Report GREEN MTN COFFE (GMCR): Free Stock Analysis Report NASH FINCH CO (NAFC): Free Stock Analysis Report TYSON FOODS A (TSN): Free Stock Analysis Report To read this article on Zacks.com click here. 's ( DEO ) earnings in fiscal 2013 ended Jun 30, 2013, went up 11% year over year in local currency to 104.4 pence ($1.6* per share) from 94.2 pence ($1.5** per share) in the same period previous year. In North America , Diageo's organic sales increased 5% in fiscal 2013, with a volume growth of 1% backed by positive price/mix and strong results in the U.S. spirits market.
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's ( DEO ) earnings in fiscal 2013 ended Jun 30, 2013, went up 11% year over year in local currency to 104.4 pence ($1.6* per share) from 94.2 pence ($1.5** per share) in the same period previous year. DIAGEO PLC-ADR (DEO): Free Stock Analysis Report GREEN MTN COFFE (GMCR): Free Stock Analysis Report NASH FINCH CO (NAFC): Free Stock Analysis Report TYSON FOODS A (TSN): Free Stock Analysis Report To read this article on Zacks.com click here. In North America , Diageo's organic sales increased 5% in fiscal 2013, with a volume growth of 1% backed by positive price/mix and strong results in the U.S. spirits market.
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's ( DEO ) earnings in fiscal 2013 ended Jun 30, 2013, went up 11% year over year in local currency to 104.4 pence ($1.6* per share) from 94.2 pence ($1.5** per share) in the same period previous year. DIAGEO PLC-ADR (DEO): Free Stock Analysis Report GREEN MTN COFFE (GMCR): Free Stock Analysis Report NASH FINCH CO (NAFC): Free Stock Analysis Report TYSON FOODS A (TSN): Free Stock Analysis Report To read this article on Zacks.com click here. Diageo increased its marketing spending by 5% organically in fiscal 2013.
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2013-07-31 00:00:00 UTC
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European Shares Mixed Despite Strong US Data, Investors Look to FOMC Meeting
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DEO
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https://www.nasdaq.com/articles/european-shares-mixed-despite-strong-us-data-investors-look-fomc-meeting-2013-07-31
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European stocks were narrowly mixed despite stronger-than-expected Q2 GDP and jobs data in the United States.
Q2 GDP grew at a 1.7% annual rate, besting forecasts for 1%.
A separate release showed that U.S. companies hired a net 200,000 workers in July, the highest reading this year. Economists had projected a gain of 180,000.
Investors initially cheered the strong data but are still hesitant as they look to the Federal Open Market Committee meeting, which ends later Wednesday. Economists expect the FOMC to leave rates steady but will be looking for signs of when the FOMC plans to taper its bond-buying program.
Around the region, German retail sales unexpectedly dropped 1.5% in June, fully erasing gains made in April and May and marking the sharpest monthly drop since December 2012.
The EU unemployment rate fell for the first time in more than two years in June, down to 10.9% from 11% in May. Unemployment in the euro zone edged down to 19.27 million from 19.29 million, the first decline since April 2011, but the overall jobless rate stayed at 12.1%.
In ADR news, AB InBev ( BUD ) said Q2 organic normalized EBITDA rose 5.8%. Analysts surveyed by Bloomberg had predicted growth of 3.7% for the period.
Diageo Plc ( DEO ) posted operating profit excluding some items of 3.53 billion pounds, compared with a 3.48 billion-pound median estimate.
The FTSE-100 was last up 0.76% at 6,621.06, the DAX down 0.3% at 8,245.90 and the CAC-40 down 0.34% at 6,621.0.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Diageo Plc ( DEO ) posted operating profit excluding some items of 3.53 billion pounds, compared with a 3.48 billion-pound median estimate. A separate release showed that U.S. companies hired a net 200,000 workers in July, the highest reading this year. Investors initially cheered the strong data but are still hesitant as they look to the Federal Open Market Committee meeting, which ends later Wednesday.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Diageo Plc ( DEO ) posted operating profit excluding some items of 3.53 billion pounds, compared with a 3.48 billion-pound median estimate. The EU unemployment rate fell for the first time in more than two years in June, down to 10.9% from 11% in May.
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Diageo Plc ( DEO ) posted operating profit excluding some items of 3.53 billion pounds, compared with a 3.48 billion-pound median estimate. Economists expect the FOMC to leave rates steady but will be looking for signs of when the FOMC plans to taper its bond-buying program. Around the region, German retail sales unexpectedly dropped 1.5% in June, fully erasing gains made in April and May and marking the sharpest monthly drop since December 2012.
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Diageo Plc ( DEO ) posted operating profit excluding some items of 3.53 billion pounds, compared with a 3.48 billion-pound median estimate. European stocks were narrowly mixed despite stronger-than-expected Q2 GDP and jobs data in the United States. Q2 GDP grew at a 1.7% annual rate, besting forecasts for 1%.
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3cae4823-1d5f-4ead-a5cc-54cd6b22d384
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728149.0
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2013-07-09 00:00:00 UTC
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Diageo to Buy More United Spirits - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/diageo-to-buy-more-united-spirits-analyst-blog-2013-07-09
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nan
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nan
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Leading brewer and distributor Diageo plc ( DEO ) has increased its ownership in United Spirits Limited by a further 14.98% for a cash consideration of £344.2 million. This acquisition takes Diageo another step toward its goal of acquiring 27.4% ownership in this leading spirit company of India.
In Nov 2012, Diageo and United Spirits Ltd. announced an agreement under which Diageo will acquire a 53.4% stake in the latter for £1.285 billion ($2.05 billion). This will allow Diageo to gain a foothold in the fast-growing alcohol market in India.
Under the agreement, initially Diageo was to buy 27.4% stake in United Spirits for INR 1440 per share ($26.32 per share), amounting to a total consideration of £660 million ($1.05 billion), and make a tender offer for the remaining 26%.
Diageo will finance the acquisition, slotted to be closed in first quarter of fiscal 2013, through existing cash and debt. The joint venture received a clean bill of health from the fair trade watchdog Competition Commission of India (CCI).
Dr. Vijay Mallya, the Indian entrepreneur and owner of United Spirits, needs sufficient cash to bail his Kingfisher Airlines out of bankruptcy. While the acquisition will help reduce the debt, it will also provide bright opportunities for the company. Following the acquisition, Dr. Mallya will continue in his current capacity as Chairman of United Spirits.
In Dec 2012, the shareholders of United Spirits Limited approved the preferential allotment amounting to 10% of the post-issue enlarged share capital to Diageo. It also acquired some additional shares during the same period. With the recent takeover, Diageo now owns 25.02% of United Sprits Limited.
Diageo upgrades its products through continuous innovations. Recently, keeping in view the bright future of the luxury alcohol category in the global luxury market, the company launched a limited edition of Johnnie Walker Blue Label crafted by Alfred Dunhill. The new product joins the Richemont luxury brand of blue scotch owned by the company.
Diageo has a leading position both in the beer and vodka markets with a strong portfolio of globally recognized flagship brands, including Smirnoff, Johnnie Walker, Captain Morgan, Baileys and Guinness.
DEO currently carries a Zacks Rank #3 (Hold).
Other Stocks to Consider:
Others players in the same industry which look attractive at the current levels include Fortune Brands Inc. ( FBHS ) and Restoration Hardware ( RH ) and Flower Foods Inc . ( FLO ), all carrying a Zacks Rank #1 (Strong Buy).
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
FORTUNE BRD H&S (FBHS): Free Stock Analysis Report
FLOWERS FOODS (FLO): Free Stock Analysis Report
RESTORATION HDW (RH): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Leading brewer and distributor Diageo plc ( DEO ) has increased its ownership in United Spirits Limited by a further 14.98% for a cash consideration of £344.2 million. DEO currently carries a Zacks Rank #3 (Hold). DIAGEO PLC-ADR (DEO): Free Stock Analysis Report FORTUNE BRD H&S (FBHS): Free Stock Analysis Report FLOWERS FOODS (FLO): Free Stock Analysis Report RESTORATION HDW (RH): Free Stock Analysis Report To read this article on Zacks.com click here.
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DIAGEO PLC-ADR (DEO): Free Stock Analysis Report FORTUNE BRD H&S (FBHS): Free Stock Analysis Report FLOWERS FOODS (FLO): Free Stock Analysis Report RESTORATION HDW (RH): Free Stock Analysis Report To read this article on Zacks.com click here. Leading brewer and distributor Diageo plc ( DEO ) has increased its ownership in United Spirits Limited by a further 14.98% for a cash consideration of £344.2 million. DEO currently carries a Zacks Rank #3 (Hold).
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DIAGEO PLC-ADR (DEO): Free Stock Analysis Report FORTUNE BRD H&S (FBHS): Free Stock Analysis Report FLOWERS FOODS (FLO): Free Stock Analysis Report RESTORATION HDW (RH): Free Stock Analysis Report To read this article on Zacks.com click here. Leading brewer and distributor Diageo plc ( DEO ) has increased its ownership in United Spirits Limited by a further 14.98% for a cash consideration of £344.2 million. DEO currently carries a Zacks Rank #3 (Hold).
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Leading brewer and distributor Diageo plc ( DEO ) has increased its ownership in United Spirits Limited by a further 14.98% for a cash consideration of £344.2 million. DEO currently carries a Zacks Rank #3 (Hold). DIAGEO PLC-ADR (DEO): Free Stock Analysis Report FORTUNE BRD H&S (FBHS): Free Stock Analysis Report FLOWERS FOODS (FLO): Free Stock Analysis Report RESTORATION HDW (RH): Free Stock Analysis Report To read this article on Zacks.com click here.
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2d20f14c-e65a-4b5d-aa56-fccc1744b4db
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728150.0
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2013-06-28 00:00:00 UTC
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DEO's New Rum to Honor Captain Morgan - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/deos-new-rum-to-honor-captain-morgan-analyst-blog-2013-06-28
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nan
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nan
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The world's leading brewer, Diageo plc ( DEO ), pays respect to the famous sailor, Captain Morgan, with the launch of a limited edition of Captain Morgan Sherry Oak Finish Spiced Rum.
The rum is inspired by an archeological finding of a barrel in the wreck of one of Captain Morgan's 17th century ship during an expedition funded by the brand. The taste has a sweet floral undertone combined with the sweet flavor of oak, sherry wine, vanilla, caramel, dark cherry and cocoa.
The limited edition rum comes in an intricately designed bottle with a metallic label with detailed designs. The life of the iconic sailor Captain Morgan and his struggle during his voyages are depicted on the bottle. The 750 ml bottle, priced at $19.99, contains 70 proof (35% ABV) rum and will be available for a limited period.
Diageo upgrades its products through continuous innovations. Recently, keeping in view the bright future of the luxury alcohol category in the global luxury market, the company launched a limited edition of Johnnie Walker Blue Label crafted by Alfred Dunhill. The new product joins the Richemont luxury brand of blue scotch owned by the company.
Diageo has a leading position both in the beer and vodka markets with a strong portfolio of globally recognized flagship brands, including Smirnoff, Johnnie Walker, Captain Morgan, Baileys and Guinness.
Diageo, which currently carries a Zacks Rank #3 (Hold), is a leader in the whiskey category and is geared to strengthen the segment with an additional £1 billion ($1.6 billion) investment in Scotland for its whiskey production. The company is expanding its existing whiskey production facilities in the region as well as in new locations.
Other Stocks to Consider
Stocks like Companhia de Bebidas Das Americas ( ABV ), Constellation Brand ( STZ ) and Beam Inc. ( BEAM ), all carrying a Zacks Rank #2 (Buy), are worth considering in the brewer sector.
AMBEV-PR ADR (ABV): Free Stock Analysis Report
BEAM INC (BEAM): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The world's leading brewer, Diageo plc ( DEO ), pays respect to the famous sailor, Captain Morgan, with the launch of a limited edition of Captain Morgan Sherry Oak Finish Spiced Rum. AMBEV-PR ADR (ABV): Free Stock Analysis Report BEAM INC (BEAM): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. The rum is inspired by an archeological finding of a barrel in the wreck of one of Captain Morgan's 17th century ship during an expedition funded by the brand.
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The world's leading brewer, Diageo plc ( DEO ), pays respect to the famous sailor, Captain Morgan, with the launch of a limited edition of Captain Morgan Sherry Oak Finish Spiced Rum. AMBEV-PR ADR (ABV): Free Stock Analysis Report BEAM INC (BEAM): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Recently, keeping in view the bright future of the luxury alcohol category in the global luxury market, the company launched a limited edition of Johnnie Walker Blue Label crafted by Alfred Dunhill.
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The world's leading brewer, Diageo plc ( DEO ), pays respect to the famous sailor, Captain Morgan, with the launch of a limited edition of Captain Morgan Sherry Oak Finish Spiced Rum. AMBEV-PR ADR (ABV): Free Stock Analysis Report BEAM INC (BEAM): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Recently, keeping in view the bright future of the luxury alcohol category in the global luxury market, the company launched a limited edition of Johnnie Walker Blue Label crafted by Alfred Dunhill.
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The world's leading brewer, Diageo plc ( DEO ), pays respect to the famous sailor, Captain Morgan, with the launch of a limited edition of Captain Morgan Sherry Oak Finish Spiced Rum. AMBEV-PR ADR (ABV): Free Stock Analysis Report BEAM INC (BEAM): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Recently, keeping in view the bright future of the luxury alcohol category in the global luxury market, the company launched a limited edition of Johnnie Walker Blue Label crafted by Alfred Dunhill.
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8bc5561b-fe43-4d6d-adde-12e034aca8eb
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728151.0
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2013-06-05 00:00:00 UTC
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Brown-Forman Beats Earnings Estimate - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/brown-forman-beats-earnings-estimate-analyst-blog-2013-06-05
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nan
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nan
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Brown-Forman Corporation 's ( BF.B ) fiscal fourth-quarter 2013 (ended Apr 30, 2013) earnings of 52 cents a share came in ahead of the Zacks Consensus Estimate of 46 cents. Moreover, earnings increased 6.1% from 49 cents reported in the year-ago quarter.
Net sales increased 8% year over year to $866 million primarily due to strong demand of whiskey across all regions in which the company operates. On an underlying basis, the company's net sales increased 7%. Moreover, the quarterly sales were well above the Zacks Consensus Estimate of $646 million.
During the quarter, Brown-Forman's gross profit increased 9% to $460 million from $422 million reported in the year-ago quarter. Gross margin expanded 44 basis points (bps) to 53.12% compared with 52.68% in the prior-year period, primarily due to lower excise taxes as a percentage of sales.
Selling, general and administrative expenses (SG&A) increased 3% from the year-ago quarter to $180 million, while SG&A as a percentage of sales contracted 106 basis points to 20.79%. Advertising expenses remained flat year over year at $99 million.
Operating profit during the quarter climbed 18% to $177 million from $150 million in the prior-year period. Operating margin expanded 201 bps to 20.44% compared with 18.73% in the year-ago quarter primarily driven by improved gross profit margin, benefiting from lower SG&A and advertising expenses.
Balance Sheet & Cash Flow
Brown-Forman, which has a Zacks Rank #2 (Buy), ended the quarter with cash and cash equivalents of $204 million and long-term debt of $997 million. During the quarter, Brown-Forman generated $537 million of cash from operations and deployed $1,063 million toward dividend payout.
Fiscal 2014 Guidance
Going forward, Brown-Forman expects fiscal 2014 earnings in the range of $2.80-$3.00 per share. Moreover, the company projects operating income to increase in the range of 9%-11%, while underlying sales are expected to rise in the high-single-digit range.
Other Stocks to Consider
Other stocks worth considering in the beverages-alcohol industry are Diageo Plc ( DEO ), Grupo Modelo, S.A.B. de C.V. ( GPMCF ) and Constellation Brands Inc . ( STZ ). All these stocks hold a Zacks Rank #2 (Buy).
BROWN FORMAN B (BF.B): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
GRUPO MODELO-C (GPMCF): Get Free Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Stocks to Consider Other stocks worth considering in the beverages-alcohol industry are Diageo Plc ( DEO ), Grupo Modelo, S.A.B. BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report GRUPO MODELO-C (GPMCF): Get Free Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Gross margin expanded 44 basis points (bps) to 53.12% compared with 52.68% in the prior-year period, primarily due to lower excise taxes as a percentage of sales.
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BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report GRUPO MODELO-C (GPMCF): Get Free Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Other stocks worth considering in the beverages-alcohol industry are Diageo Plc ( DEO ), Grupo Modelo, S.A.B. Gross margin expanded 44 basis points (bps) to 53.12% compared with 52.68% in the prior-year period, primarily due to lower excise taxes as a percentage of sales.
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BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report GRUPO MODELO-C (GPMCF): Get Free Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Other stocks worth considering in the beverages-alcohol industry are Diageo Plc ( DEO ), Grupo Modelo, S.A.B. During the quarter, Brown-Forman's gross profit increased 9% to $460 million from $422 million reported in the year-ago quarter.
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BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report GRUPO MODELO-C (GPMCF): Get Free Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Other stocks worth considering in the beverages-alcohol industry are Diageo Plc ( DEO ), Grupo Modelo, S.A.B. Moreover, the quarterly sales were well above the Zacks Consensus Estimate of $646 million.
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183a86c7-30cf-42ef-8299-f4447243292f
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728152.0
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2013-05-10 00:00:00 UTC
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Markel CIO Tom Gayner Buys Buys UnitedHealth, Liberty Media, Google, Moody's, MasterCard
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DEO
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https://www.nasdaq.com/articles/markel-cio-tom-gayner-buys-buys-unitedhealth-liberty-media-google-moodys-mastercard-2013
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nan
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nan
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Markel Corp ( MKL ) CIO Tom Gayner just reported first quarter portfolio. Usually he has a low turnover with his portfolio. But over the last quarter he bought a lot of new stocks in health care and technology. He buys UnitedHealth Group, Liberty Media, Google., WellPoint, etc, according to the most recent filings of his investment company, Markel Gayner Asset Management Corp.
GuruFocus just had an interview with Mr. Gayner . To learn more about how Mr. Gayner invests, please read Answers from Tom Gayner's Interview with GuruFocus .
As of 03/31/2013, Markel Gayner Asset Management Corp owns 101 stocks with a total value of $2.7 billion. These are the details of the buys and sells.
New Purchases: UNH , LMCA, GOOG, WLP, FDS, AMZN, CLB, STRZA,
Added Positions: MCO, MA, HAS, MAT, NSC,
Reduced Positions: UBSH, SYY, ART,
Sold Out: LII, DELL, CLMS, NICK, LMCB, XRAY, MKC, BBSI, RFP,
For the details of Tom Gayner's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Tom+Gayner
This is the sector weightings of his portfolio:
These are the top 5 holdings of Tom Gayner
CarMax, Inc. ( KMX ) - 5,120,971 shares, 7.9% of the total portfolio. Shares reduced by 0.42%
Berkshire Hathaway Inc (BRK.A) - 1,101 shares, 6.4% of the total portfolio. Shares reduced by 0.18%
Berkshire Hathaway Inc (BRK.B) - 1,552,895 shares, 6.0% of the total portfolio. Shares reduced by 0.51%
Diageo PLC ( DEO ) - 1,230,874 shares, 5.8% of the total portfolio. Shares reduced by 0.29%
Brookfield Asset Management Inc ( BAM ) - 3,065,714 shares, 4.2% of the total portfolio. Shares reduced by 0.49%
New Purchase: UnitedHealth Group Inc ( UNH )
Tom Gayner initiated holdings in UnitedHealth Group Inc. His purchase prices were between $51.4 and $57.77, with an estimated average price of $54.88. The impact to his portfolio due to this purchase was 0.83%. His holdings were 392,300 shares as of 03/31/2013. UnitedHealth Group Incorporated is a Minnesota corporation incorporated in January 1977. Unitedhealth Group Inc has a market cap of $63.76 billion; its shares were traded at around $62.01 with a P/E ratio of 12.08 and P/S ratio of 0.57. The dividend yield of Unitedhealth Group Inc stocks is 1.37%. Unitedhealth Group Inc had an annual average earnings growth of 14.2% over the past 10 years. GuruFocus rated Unitedhealth Group Inc the business predictability rank of 4-star.
New Purchase: Liberty Media Corporation ( LMCA )
Tom Gayner initiated holdings in Liberty Media Corporation. His purchase prices were between $106.99 and $113.06, with an estimated average price of $110.26. The impact to his portfolio due to this purchase was 0.17%. His holdings were 42,000 shares as of 03/31/2013. Liberty Media Corporation is incorporated in the state of Delaware. Liberty Media Corporation has a market cap of $14.7 billion; its shares were traded at around $121.01 with a P/E ratio of 10.62 and P/S ratio of 7.51.
New Purchase: Google, Inc. ( GOOG )
Tom Gayner initiated holdings in Google, Inc.. His purchase prices were between $702.87 and $838.604, with an estimated average price of $777.34. The impact to his portfolio due to this purchase was 0.15%. His holdings were 5,000 shares as of 03/31/2013. Google, Inc. was incorporated in California in September 1998 and reincorporated in Delaware in August 2003. Google, Inc. has a market cap of $289.84 billion; its shares were traded at around $871.48 with a P/E ratio of 25.19 and P/S ratio of 5.29. Google, Inc. had an annual average earnings growth of 44% over the past 10 years. GuruFocus rated Google, Inc. the business predictability rank of 2.5-star.
New Purchase: WellPoint Inc ( WLP )
Tom Gayner initiated holdings in WellPoint Inc. His purchase prices were between $58.93 and $66.28, with an estimated average price of $63.47. The impact to his portfolio due to this purchase was 0.12%. His holdings were 50,000 shares as of 03/31/2013. WellPoint Inc is an Indiana corporation incorporated on July 17, 2001. Wellpoint Inc has a market cap of $22.54 billion; its shares were traded at around $75.39 with a P/E ratio of 8.89 and P/S ratio of 0.37. The dividend yield of Wellpoint Inc stocks is 1.64%. Wellpoint Inc had an annual average earnings growth of 11.4% over the past 10 years. GuruFocus rated Wellpoint Inc the business predictability rank of 5-star.
New Purchase: FactSet Research Systems, Inc. ( FDS )
Tom Gayner initiated holdings in FactSet Research Systems, Inc.. His purchase prices were between $88.06 and $100.6, with an estimated average price of $93.93. The impact to his portfolio due to this purchase was 0.1%. His holdings were 29,000 shares as of 03/31/2013. FactSet Research Systems Inc. was founded as a Delaware corporation in 1978. Factset Research Systems, Inc. has a market cap of $4.17 billion; its shares were traded at around $94.34 with a P/E ratio of 22.37 and P/S ratio of 5.12. The dividend yield of Factset Research Systems, Inc. stocks is 1.31%. Factset Research Systems, Inc. had an annual average earnings growth of 16.2% over the past 10 years. GuruFocus rated Factset Research Systems, Inc. the business predictability rank of 4-star.
New Purchase: Amazon.com Inc ( AMZN )
Tom Gayner initiated holdings in Amazon.com Inc. His purchase prices were between $250.87 and $283.99, with an estimated average price of $265.78. The impact to his portfolio due to this purchase was 0.05%. His holdings were 5,500 shares as of 03/31/2013. Amazon.com, Inc. was incorporated in 1994 in the state of Washington and reincorporated in 1996 in the state of Delaware. Amazon.com Inc has a market cap of $117.76 billion; its shares were traded at around $260.16 with a P/E ratio of 3256.80 and P/S ratio of 1.85. Amazon.com Inc had an annual average earnings growth of 25.2% over the past 10 years. GuruFocus rated Amazon.com Inc the business predictability rank of 5-star.
New Purchase: Starz Inc ( STRZA )
Tom Gayner initiated holdings in Starz Inc. His purchase prices were between $13.282 and $22.15, with an estimated average price of $17.77. The impact to his portfolio due to this purchase was 0.01%. His holdings were 12,000 shares as of 03/31/2013. Starz Inc has a market cap of $2.95 billion; its shares were traded at around $22.74 with a P/E ratio of 10.74 and P/S ratio of 1.68.
New Purchase: Core Laboratories N.V. (CLB)
Tom Gayner initiated holdings in Core Laboratories N.V.. His purchase prices were between $109.31 and $138.75, with an estimated average price of $127.46. The impact to his portfolio due to this purchase was 0.01%. His holdings were 2,000 shares as of 03/31/2013. Core Laboratories N.V. is a Netherlands limited liability company established in 1936, engaged in providing proprietary and patented reservoir description, production enhancement and reservoir management services to the oil and gas industry. Core Laboratories N.v. has a market cap of $6.73 billion; its shares were traded at around $144.80 with a P/E ratio of 31.25 and P/S ratio of 6.78. The dividend yield of Core Laboratories N.v. stocks is 0.77%. Core Laboratories N.v. had an annual average earnings growth of 25.7% over the past 10 years. GuruFocus rated Core Laboratories N.v. the business predictability rank of 2.5-star.
Sold Out: Lennox International, Inc. (LII)
Tom Gayner sold out his holdings in Lennox International, Inc.. His sale prices were between $52.52 and $65.34, with an estimated average price of $58.84. Lennox International, Inc. was founded in 1895 in Marshalltown, Iowa. Lennox International, Inc. has a market cap of $3.19 billion; its shares were traded at around $63.50 with a P/E ratio of 23.09 and P/S ratio of 1.09. The dividend yield of Lennox International, Inc. stocks is 1.23%. Lennox International, Inc. had an annual average earnings growth of 19.7% over the past 10 years.
Sold Out: Dell Inc (DELL)
Tom Gayner sold out his holdings in Dell Inc. His sale prices were between $10.14 and $14.51, with an estimated average price of $13.32. Dell Inc is a Delaware Corporation, which was founded in 1984. Dell Inc has a market cap of $23.12 billion; its shares were traded at around $13.32 with a P/E ratio of 9.86 and P/S ratio of 0.41. The dividend yield of Dell Inc stocks is 1.80%. Dell Inc had an annual average earnings growth of 5.4% over the past 10 years. GuruFocus rated Dell Inc the business predictability rank of 3-star.
Sold Out: Nicholas Financial, Inc. (NICK)
Tom Gayner sold out his holdings in Nicholas Financial, Inc.. His sale prices were between $12.4 and $14.84, with an estimated average price of $13.36. Nicholas Financial, Inc. is a Canadian holding company incorporated under the laws of British Columbia in 1986. Nicholas Financial, Inc. has a market cap of $172.915 million; its shares were traded at around $14.34 with a P/E ratio of 8.25 and P/S ratio of 2.49. The dividend yield of Nicholas Financial, Inc. stocks is 3.21%. Nicholas Financial, Inc. had an annual average earnings growth of 6.4% over the past 10 years. GuruFocus rated Nicholas Financial, Inc. the business predictability rank of 3-star.
Sold Out: Calamos Asset Management, Inc. (CLMS)
Tom Gayner sold out his holdings in Calamos Asset Management, Inc.. His sale prices were between $9.68 and $12.06, with an estimated average price of $10.78. Calamos Asset Management, Inc. together with its subsidiaries, mainly provides investment advisory services to individuals and institutional investors through open-end funds, closed-end funds, separate accounts, offshore funds and partnerships. Calamos Asset Management, Inc. has a market cap of $222.751 million; its shares were traded at around $11.01 with a P/E ratio of 12.52 and P/S ratio of 0.70. The dividend yield of Calamos Asset Management, Inc. stocks is 4.00%. Calamos Asset Management, Inc. had an annual average earnings growth of 31.4% over the past 5 years.
Sold Out: Liberty Media Corporation (LMCB)
Tom Gayner sold out his holdings in Liberty Media Corporation. His sale prices were between $106.81 and $112.21, with an estimated average price of $110.07. Liberty Media Corporation is incorporated in the state of Delaware. Liberty Media Corporation has a market cap of $14.7 billion; its shares were traded at around $121.32 with a P/E ratio of 10.64 and P/S ratio of 7.52.
Sold Out: DENTSPLY International, Inc. (XRAY)
Tom Gayner sold out his holdings in DENTSPLY International, Inc.. His sale prices were between $39.59 and $43.49, with an estimated average price of $41.7. DENTSPLY International, Inc was incorporated in 1899 in Delaware. Dentsply International, Inc. has a market cap of $6.31 billion; its shares were traded at around $42.45 with a P/E ratio of 19.46 and P/S ratio of 2.09. The dividend yield of Dentsply International, Inc. stocks is 0.54%. Dentsply International, Inc. had an annual average earnings growth of 9.5% over the past 10 years. GuruFocus rated Dentsply International, Inc. the business predictability rank of 3.5-star.
Sold Out: McCormick & Company, Inc. (MKC)
Tom Gayner sold out his holdings in McCormick & Company, Inc.. His sale prices were between $61.23 and $73.55, with an estimated average price of $66.64. McCormick & Company, Inc was formed in 1915 under Maryland law as the successor to a business established in 1889. Mccormick & Company, Inc. has a market cap of $9.63 billion; its shares were traded at around $72.83 with a P/E ratio of 25.25 and P/S ratio of 2.42. The dividend yield of Mccormick & Company, Inc. stocks is 1.78%. Mccormick & Company, Inc. had an annual average earnings growth of 8.4% over the past 10 years. GuruFocus rated Mccormick & Company, Inc. the business predictability rank of 4.5-star.
Sold Out: Barrett Business Services, Inc. (BBSI)
Tom Gayner sold out his holdings in Barrett Business Services, Inc.. His sale prices were between $38.09 and $52.66, with an estimated average price of $43.81. Barrett Business Services, Inc. was incorporated in the state of Maryland in 1965. Barrett Business Services, Inc. has a market cap of $405.597 million; its shares were traded at around $58.69 with a P/E ratio of 35.09 and P/S ratio of 1.15. The dividend yield of Barrett Business Services, Inc. stocks is 0.82%.
Sold Out: Resolute Forest Products Inc (RFP)
Tom Gayner sold out his holdings in Resolute Forest Products Inc. His sale prices were between $13.24 and $17.04, with an estimated average price of $14.18. Resolute Forest Products Inc is a Delaware Corporation. Resolute Forest Products Inc has a market cap of $1.53 billion; its shares were traded at around $16.04 with a P/E ratio of 56.60 and P/S ratio of 0.35.
Added: Moody's Corporation ( MCO )
Tom Gayner added to his holdings in Moody's Corporation by 62.89%. His purchase prices were between $43.37 and $55.35, with an estimated average price of $50.8. The impact to his portfolio due to this purchase was 0.12%. His holdings were 155,400 shares as of 03/31/2013. Moody's Corp was founded in 1990. The Company is a provider of credit ratings, credit and economic related research, data and analytical tools, risk management software and quantitative credit risk measures, credit portfolio management solutions and training services. Moody's Corporation has a market cap of $14.23 billion; its shares were traded at around $64.17 with a P/E ratio of 20.62 and P/S ratio of 5.16. The dividend yield of Moody's Corporation stocks is 1.06%. Moody's Corporation had an annual average earnings growth of 6.1% over the past 10 years. GuruFocus rated Moody's Corporation the business predictability rank of 2.5-star.
Added: MasterCard Incorporated ( MA )
Tom Gayner added to his holdings in MasterCard Incorporated by 166.67%. His purchase prices were between $491.28 and $541.13, with an estimated average price of $520.59. The impact to his portfolio due to this purchase was 0.1%. His holdings were 8,000 shares as of 03/31/2013. MasterCard Incorporated was incorporated as a Delaware stock corporation in May 2001. Mastercard Incorporated has a market cap of $67.31 billion; its shares were traded at around $551.88 with a P/E ratio of 24.27 and P/S ratio of 9.15. The dividend yield of Mastercard Incorporated stocks is 0.27%.
Added: Hasbro, Inc. (HAS)
Tom Gayner added to his holdings in Hasbro, Inc. by 25.28%. His purchase prices were between $35.35 and $43.94, with an estimated average price of $39.57. The impact to his portfolio due to this purchase was 0.06%. His holdings were 189,800 shares as of 03/31/2013. Hasbro, Inc. is a Rhode Island corporation, which was organized on January 8, 1926. Hasbro, Inc. has a market cap of $6.13 billion; its shares were traded at around $47.59 with a P/E ratio of 18.90 and P/S ratio of 1.53. The dividend yield of Hasbro, Inc. stocks is 3.11%. Hasbro, Inc. had an annual average earnings growth of 11.1% over the past 10 years. GuruFocus rated Hasbro, Inc. the business predictability rank of 4.5-star.
Added: Mattel, Inc. (MAT)
Tom Gayner added to his holdings in Mattel, Inc. by 38.61%. His purchase prices were between $35.7 and $43.77, with an estimated average price of $39.71. The impact to his portfolio due to this purchase was 0.06%. His holdings were 140,000 shares as of 03/31/2013. Mattel, Inc. was incorporated in California in 1948 and reincorporated in Delaware in 1968. Mattel, Inc. has a market cap of $15.98 billion; its shares were traded at around $46.08 with a P/E ratio of 19.84 and P/S ratio of 2.47. The dividend yield of Mattel, Inc. stocks is 2.80%. Mattel, Inc. had an annual average earnings growth of 5.8% over the past 10 years. GuruFocus rated Mattel, Inc. the business predictability rank of 2.5-star.
Added: Norfolk Southern Corporation (NSC)
Tom Gayner added to his holdings in Norfolk Southern Corporation by 30.51%. His purchase prices were between $61.84 and $77.08, with an estimated average price of $70.62. The impact to his portfolio due to this purchase was 0.06%. His holdings were 94,100 shares as of 03/31/2013. Norfolk Southern Corporation was incorporated on July 23, 1980, under the laws of the Commonwealth of Virginia. Norfolk Southern Corporation has a market cap of $24.92 billion; its shares were traded at around $78.59 with a P/E ratio of 14.14 and P/S ratio of 2.30. The dividend yield of Norfolk Southern Corporation stocks is 2.54%. Norfolk Southern Corporation had an annual average earnings growth of 10.6% over the past 10 years. GuruFocus rated Norfolk Southern Corporation the business predictability rank of 4-star.
Reduced: Union First Market Bankshares Corp (UBSH)
Tom Gayner reduced to his holdings in Union First Market Bankshares Corp by 27.67%. His sale prices were between $15.77 and $19.93, with an estimated average price of $17.92. The impact to his portfolio due to this sale was -0.47%. Tom Gayner still held 1,898,339 shares as of 03/31/2013. Union First Market Bankshares Corp is a bank holding company organized under Virginia law and registered under the Bank Holding Company Act of 1956. Union First Market Bankshares Corp has a market cap of $485.539 million; its shares were traded at around $19.45 with a P/E ratio of 14.20 and P/S ratio of 2.58. The dividend yield of Union First Market Bankshares Corp stocks is 2.21%. Union First Market Bankshares Corp had an annual average earnings growth of 10.2% over the past 5 years.
Reduced: Sysco Corporation (SYY)
Tom Gayner reduced to his holdings in Sysco Corporation by 45%. His sale prices were between $30.88 and $35.17, with an estimated average price of $32.41. The impact to his portfolio due to this sale was -0.34%. Tom Gayner still held 314,278 shares as of 03/31/2013. Sysco Corporation was organized under the laws of Delaware. Sysco Corporation has a market cap of $20.44 billion; its shares were traded at around $34.16 with a P/E ratio of 19.80 and P/S ratio of 0.46. The dividend yield of Sysco Corporation stocks is 3.22%. Sysco Corporation had an annual average earnings growth of 5.8% over the past 10 years. GuruFocus rated Sysco Corporation the business predictability rank of 3.5-star.
Reduced: Artio Global Investors, Inc. (ART)
Tom Gayner reduced to his holdings in Artio Global Investors, Inc. by 47.87%. His sale prices were between $1.9 and $2.74, with an estimated average price of $2.36. The impact to his portfolio due to this sale was -0.22%. Tom Gayner still held 2,968,400 shares as of 03/31/2013. Artio Global Investors Inc. was incorporated in Delaware. Artio Global Investors, Inc. has a market cap of $166.507 million; its shares were traded at around $2.74 with a P/E ratio of 8.40 and P/S ratio of 1.71. The dividend yield of Artio Global Investors, Inc. stocks is 2.19%.
Here is the complete portfolio of Tom Gayner. Also check out:
1. Tom Gayner's Undervalued Stocks
2. Tom Gayner's Top Growth Companies, and
3. Tom Gayner's High Yield stocks
4. Stocks that Tom Gayner keeps buyingAbout GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares reduced by 0.51% Diageo PLC ( DEO ) - 1,230,874 shares, 5.8% of the total portfolio. Markel Corp ( MKL ) CIO Tom Gayner just reported first quarter portfolio. New Purchases: UNH , LMCA, GOOG, WLP, FDS, AMZN, CLB, STRZA, Added Positions: MCO, MA, HAS, MAT, NSC, Reduced Positions: UBSH, SYY, ART, Sold Out: LII, DELL, CLMS, NICK, LMCB, XRAY, MKC, BBSI, RFP, For the details of Tom Gayner's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Tom+Gayner This is the sector weightings of his portfolio: These are the top 5 holdings of Tom Gayner CarMax, Inc. ( KMX ) - 5,120,971 shares, 7.9% of the total portfolio.
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Shares reduced by 0.51% Diageo PLC ( DEO ) - 1,230,874 shares, 5.8% of the total portfolio. New Purchases: UNH , LMCA, GOOG, WLP, FDS, AMZN, CLB, STRZA, Added Positions: MCO, MA, HAS, MAT, NSC, Reduced Positions: UBSH, SYY, ART, Sold Out: LII, DELL, CLMS, NICK, LMCB, XRAY, MKC, BBSI, RFP, For the details of Tom Gayner's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Tom+Gayner This is the sector weightings of his portfolio: These are the top 5 holdings of Tom Gayner CarMax, Inc. ( KMX ) - 5,120,971 shares, 7.9% of the total portfolio. New Purchase: Liberty Media Corporation ( LMCA ) Tom Gayner initiated holdings in Liberty Media Corporation.
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Shares reduced by 0.51% Diageo PLC ( DEO ) - 1,230,874 shares, 5.8% of the total portfolio. New Purchases: UNH , LMCA, GOOG, WLP, FDS, AMZN, CLB, STRZA, Added Positions: MCO, MA, HAS, MAT, NSC, Reduced Positions: UBSH, SYY, ART, Sold Out: LII, DELL, CLMS, NICK, LMCB, XRAY, MKC, BBSI, RFP, For the details of Tom Gayner's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Tom+Gayner This is the sector weightings of his portfolio: These are the top 5 holdings of Tom Gayner CarMax, Inc. ( KMX ) - 5,120,971 shares, 7.9% of the total portfolio. Shares reduced by 0.49% New Purchase: UnitedHealth Group Inc ( UNH ) Tom Gayner initiated holdings in UnitedHealth Group Inc. His purchase prices were between $51.4 and $57.77, with an estimated average price of $54.88.
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Shares reduced by 0.51% Diageo PLC ( DEO ) - 1,230,874 shares, 5.8% of the total portfolio. Shares reduced by 0.49% New Purchase: UnitedHealth Group Inc ( UNH ) Tom Gayner initiated holdings in UnitedHealth Group Inc. His purchase prices were between $51.4 and $57.77, with an estimated average price of $54.88. New Purchase: Google, Inc. ( GOOG ) Tom Gayner initiated holdings in Google, Inc.. His purchase prices were between $702.87 and $838.604, with an estimated average price of $777.34.
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2013-04-19 00:00:00 UTC
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Pre-Market Most Active for Apr 19, 2013 : DELL, GE, VOD, QQQ, TOT, MSFT, BAC, VRTX, SAP, NOK, BIOS, DEO
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DEO
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https://www.nasdaq.com/articles/pre-market-most-active-apr-19-2013-dell-ge-vod-qqq-tot-msft-bac-vrtx-sap-nok-bios-deo-2013
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The NASDAQ 100 Pre-Market Indicator is up 16.35 to 2,758.3. The total Pre-Market volume is currently 12,552,022 shares traded.
The following are the most active stocks for the pre-market session :
Dell Inc. ( DELL ) is -0.4 at $13.55, with 5,237,142 shares traded. DELL's current last sale is 99.27% of the target price of $13.65.
General Electric Company ( GE ) is -0.57 at $22.10, with 3,886,909 shares traded. RTT News Reports: General Electric Q1 13 Earnings Conference Call At 8:30 AM ET
Vodafone Group Plc ( VOD ) is +0.25 at $29.75, with 2,375,600 shares traded. VOD's current last sale is 92.39% of the target price of $32.2.
PowerShares QQQ Trust, Series 1 ( QQQ ) is +0.361 at $67.53, with 1,563,073 shares traded. This represents a 12.48% increase from its 52 Week Low.
TotalFinaElf, S.A. ( TOT ) is +0.43 at $46.62, with 989,708 shares traded.TOT is scheduled to provide an earnings report on 4/26/2013, for the fiscal quarter ending Mar2013. The consensus earnings per share forecast is 1.81 per share, which represents a 179 percent increase over the EPS one Year Ago
Microsoft Corporation ( MSFT ) is +0.95 at $29.74, with 953,051 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2013. The consensus EPS forecast is $0.85. As reported by Zacks, the current mean recommendation for MSFT is in the "buy range".
Bank of America Corporation ( BAC ) is +0.02 at $11.46, with 790,476 shares traded. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2013. The consensus EPS forecast is $0.24. BAC's current last sale is 88.15% of the target price of $13.
Vertex Pharmaceuticals Incorporated ( VRTX ) is +32.44 at $85.31, with 665,203 shares traded. As reported by Zacks, the current mean recommendation for VRTX is in the "buy range".
SAP AG ( SAP ) is -3.06 at $75.15, with 555,300 shares traded. RTT News Reports: SAP Backs Full Year View After Q1 Profit Rises
Nokia Corporation ( NOK ) is -0.06 at $3.11, with 466,382 shares traded. As reported in the last short interest update the days to cover for NOK is 7.035577; this calculation is based on the average trading volume of the stock.
BioScrip, Inc. ( BIOS ) is -0.08 at $12.33, with 420,268 shares traded. As reported in the last short interest update the days to cover for BIOS is 8.461019; this calculation is based on the average trading volume of the stock.
Diageo plc ( DEO ) is +0.5145 at $121.04, with 327,188 shares traded. As reported by Zacks, the current mean recommendation for DEO is in the "buy range".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Diageo plc ( DEO ) is +0.5145 at $121.04, with 327,188 shares traded. As reported by Zacks, the current mean recommendation for DEO is in the "buy range". RTT News Reports: General Electric Q1 13 Earnings Conference Call At 8:30 AM ET Vodafone Group Plc ( VOD ) is +0.25 at $29.75, with 2,375,600 shares traded.
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Diageo plc ( DEO ) is +0.5145 at $121.04, with 327,188 shares traded. As reported by Zacks, the current mean recommendation for DEO is in the "buy range". The consensus earnings per share forecast is 1.81 per share, which represents a 179 percent increase over the EPS one Year Ago Microsoft Corporation ( MSFT ) is +0.95 at $29.74, with 953,051 shares traded.
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Diageo plc ( DEO ) is +0.5145 at $121.04, with 327,188 shares traded. As reported by Zacks, the current mean recommendation for DEO is in the "buy range". RTT News Reports: General Electric Q1 13 Earnings Conference Call At 8:30 AM ET Vodafone Group Plc ( VOD ) is +0.25 at $29.75, with 2,375,600 shares traded.
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Diageo plc ( DEO ) is +0.5145 at $121.04, with 327,188 shares traded. As reported by Zacks, the current mean recommendation for DEO is in the "buy range". RTT News Reports: General Electric Q1 13 Earnings Conference Call At 8:30 AM ET Vodafone Group Plc ( VOD ) is +0.25 at $29.75, with 2,375,600 shares traded.
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2013-04-09 00:00:00 UTC
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Diageo Remains Outperform - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/diageo-remains-outperform-analyst-blog-2013-04-09
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nan
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nan
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On Apr 05, 2013, we reaffirmed our Outperform recommendation on Diageo plc. ( DEO ) following an assessment of its first half of fiscal 2013 results and other positive developments such as product innovation and strategic acquisitions.
Why the Reiteration?
On Feb 4, 2013, Diageo reported strong fiscal 2013-first half results driven by organic growth of its strategic brands all over the world and improved performance of its Johnnie Walker and Ciroc brands. Earnings in the first half of fiscal 2013 ended Dec 31, 2012 went up 9% y/y to 60.9 pence (97 cents* per share) from 55.9 pence (89 cents** per share) in the same period of fiscal 2012. Increased reach to the burgeoning middle class coupled with fast penetration of the company into emerging markets also contributed to the earnings growth.
On a reported basis, net revenues (i.e. total revenue minus excise duties) increased 5% to £6.0 billion ($9.6 billion) in the first half of fiscal year 2013. On an organic basis, revenues increased 5%, while volumes grew 1% from the prior year.
Following the release of first half results, the Zacks Consensus Estimate for 2013 went down 1.8% to $6.38 per share. The Zacks Consensus Estimate for 2014 has also declined 2.4% to $7.04 per share.
Recent events also made us more optimistic about its growth prospects. The acquisition of a 53.4% stake in India's largest spirits company United Spirits Ltd. immediately extended its reach to one of the most populous countries in the world. An added positive is India's growing middle class and its beer consumption trends.
The renewal of Diageo's distribution agreements with Minnesota-based broker United Brokerage, Inc. and privately-owned wholesaler of wine and spirits Johnson Brothers will also go a long way to solidify its position in traditional markets.
Diageo has a leading position in the beer and vodka market with a strong portfolio of globally recognized flagship brands, including Smirnoff, Johnnie Walker, Captain Morgan, Baileys and Guinness.
The company also upgraded its products through continuous innovations. In the first half of fiscal 2013, Diageo successfully launched Crown Royal Maple Finished and Smirnoff Iced Cake variants of whiskey and Bulleit 10 variant of vodka which helped the company gain market share in North America. The company also strengthened its beer brand portfolio in Africa by launching Dubic lager, Snapp and Malta Guinness having low sugar content.
Diageo is also a leader in the whiskey category and is geared to strengthen the segment by an additional £1 billion ($1.6 billion) investment in Scotland for its whiskey production. The company is expanding its existing whiskey production facilities in the region and spreading into new locations.
The company started a restructuring program and is reviewing its operating model to improve productivity and reduce costs. We are optimistic about the effectiveness of the model once it becomes operational by June 2013.
Other Stocks to Consider
Stocks like Companhia de Bebidas Das Americas ( ABV ), which carries a Zacks Rank #1 (Strong Buy), as well as Molson Coors Brewing Co. ( TAP ) and Grupo Modelo, S.A.B. de C.V. ( GPMCF ), both of which carry a Zacks Rank #2 (Buy), are worth to consider. These companies offer attractive exposure to alcoholic beverage segments.
AMBEV-PR ADR (ABV): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
GRUPO MODELO-C (GPMCF): Get Free Report
MOLSON COORS-B (TAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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( DEO ) following an assessment of its first half of fiscal 2013 results and other positive developments such as product innovation and strategic acquisitions. AMBEV-PR ADR (ABV): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report GRUPO MODELO-C (GPMCF): Get Free Report MOLSON COORS-B (TAP): Free Stock Analysis Report To read this article on Zacks.com click here. The renewal of Diageo's distribution agreements with Minnesota-based broker United Brokerage, Inc. and privately-owned wholesaler of wine and spirits Johnson Brothers will also go a long way to solidify its position in traditional markets.
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AMBEV-PR ADR (ABV): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report GRUPO MODELO-C (GPMCF): Get Free Report MOLSON COORS-B (TAP): Free Stock Analysis Report To read this article on Zacks.com click here. ( DEO ) following an assessment of its first half of fiscal 2013 results and other positive developments such as product innovation and strategic acquisitions. On Feb 4, 2013, Diageo reported strong fiscal 2013-first half results driven by organic growth of its strategic brands all over the world and improved performance of its Johnnie Walker and Ciroc brands.
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AMBEV-PR ADR (ABV): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report GRUPO MODELO-C (GPMCF): Get Free Report MOLSON COORS-B (TAP): Free Stock Analysis Report To read this article on Zacks.com click here. ( DEO ) following an assessment of its first half of fiscal 2013 results and other positive developments such as product innovation and strategic acquisitions. On Feb 4, 2013, Diageo reported strong fiscal 2013-first half results driven by organic growth of its strategic brands all over the world and improved performance of its Johnnie Walker and Ciroc brands.
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( DEO ) following an assessment of its first half of fiscal 2013 results and other positive developments such as product innovation and strategic acquisitions. AMBEV-PR ADR (ABV): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report GRUPO MODELO-C (GPMCF): Get Free Report MOLSON COORS-B (TAP): Free Stock Analysis Report To read this article on Zacks.com click here. Diageo has a leading position in the beer and vodka market with a strong portfolio of globally recognized flagship brands, including Smirnoff, Johnnie Walker, Captain Morgan, Baileys and Guinness.
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2013-03-27 00:00:00 UTC
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Brown-Forman Pinned to Neutral - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/brown-forman-pinned-to-neutral-analyst-blog-2013-03-27
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nan
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nan
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We have maintained our long-term Neutral recommendation on Brown-Forman Corporation ( BF.B ), one of the leading producers and distributors of premium alcoholic beverages in the world, with a target price of $72.00. Moreover, the company holds a Zacks Rank #3 (Hold).
Why Reiterate?
We remain impressed with the company's positive earnings surprise trend, strong organic revenue growth and impressive management guidance. However, on the other hand, intense competition from private players and rising commodity costs make us cautious on the stock.
The third quarter fiscal 2013 earnings of 73 cents per share at Brown-Forman exhibited an improvement of 18% from the comparable year-ago quarter as well as the Zacks Consensus Estimate of 70 cents. The year-over-year increase was primarily driven strong top-line growth along with improved margins.
Looking at the earnings surprise history, the company has surpassed the Zacks Consensus Estimates thrice in the trailing four quarters. The average positive surprise in the trailing 4 quarters comes to 3.6%.
Brown-Forman now projects fiscal 2013 earnings between $2.60 and $2.68 per share. The current Zacks Consensus Estimate stands at $2.68 per share, which is in line with the upper end of company's guidance range.
Moreover, Brown-Forman continues to expect operating income in the low-double-digits range, while underlying sales are expected to increase in the high-single-digit range.
Apart from the strong third-quarter results, Brown-Forman's growth story looks compelling. We believe that the company's sustained focus on pricing, product innovation and expanding operations in the emerging markets will likely boost operational performance.
On the flip side, stiff competition from other alcoholic beverage companies, such as Diageo plc ( DEO ) along with potential risk of operating in overseas market may have an adverse effect on Brown-Forman's operations. Moreover, we believe that the shares of the company are richly valued at the current juncture, which limits its upside potential. Brown-Forman currently trades at a forward P/E of 25.83x, substantially premium from the peer group average of 20.28x.
Further, distilled spirits are subject to excise tax in various countries. Rising fiscal pressure in the U.S., Europe and many emerging markets may increase the risk of a potential rise in excise tax on spirits by governments of respective countries. A hike in excise tax in the future may have an adverse effect on Brown-Forman's financial performance.
Other Stocks Worth Considering
Other stocks worth considering in the alcoholic beverage industry are Companhia de Bebidas Das Americas aka AMBEV ( ABV ) and Molson Coors Brewing Company ( TAP ). Both the companies carry a Zacks Rank #2 (Buy).
AMBEV-PR ADR (ABV): Free Stock Analysis Report
BROWN FORMAN B (BF.B): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
MOLSON COORS-B (TAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On the flip side, stiff competition from other alcoholic beverage companies, such as Diageo plc ( DEO ) along with potential risk of operating in overseas market may have an adverse effect on Brown-Forman's operations. AMBEV-PR ADR (ABV): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report MOLSON COORS-B (TAP): Free Stock Analysis Report To read this article on Zacks.com click here. We have maintained our long-term Neutral recommendation on Brown-Forman Corporation ( BF.B ), one of the leading producers and distributors of premium alcoholic beverages in the world, with a target price of $72.00.
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On the flip side, stiff competition from other alcoholic beverage companies, such as Diageo plc ( DEO ) along with potential risk of operating in overseas market may have an adverse effect on Brown-Forman's operations. AMBEV-PR ADR (ABV): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report MOLSON COORS-B (TAP): Free Stock Analysis Report To read this article on Zacks.com click here. Rising fiscal pressure in the U.S., Europe and many emerging markets may increase the risk of a potential rise in excise tax on spirits by governments of respective countries.
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On the flip side, stiff competition from other alcoholic beverage companies, such as Diageo plc ( DEO ) along with potential risk of operating in overseas market may have an adverse effect on Brown-Forman's operations. AMBEV-PR ADR (ABV): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report MOLSON COORS-B (TAP): Free Stock Analysis Report To read this article on Zacks.com click here. The third quarter fiscal 2013 earnings of 73 cents per share at Brown-Forman exhibited an improvement of 18% from the comparable year-ago quarter as well as the Zacks Consensus Estimate of 70 cents.
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On the flip side, stiff competition from other alcoholic beverage companies, such as Diageo plc ( DEO ) along with potential risk of operating in overseas market may have an adverse effect on Brown-Forman's operations. AMBEV-PR ADR (ABV): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report MOLSON COORS-B (TAP): Free Stock Analysis Report To read this article on Zacks.com click here. The third quarter fiscal 2013 earnings of 73 cents per share at Brown-Forman exhibited an improvement of 18% from the comparable year-ago quarter as well as the Zacks Consensus Estimate of 70 cents.
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2013-03-18 00:00:00 UTC
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ETFs For Europe's Next Move
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DEO
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https://www.nasdaq.com/articles/etfs-europes-next-move-2013-03-18
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Cyprus, a tiny island nation with a population that is roughly 30 percent smaller than San Diego's, is reminding investors that all is not well in the eurozone.
Over the weekend, Cyprus' parliament delayed a vote on a bank deposit levy that would tax deposits of less than EUR100,000 at a rate of 6.75 percent and deposits north of EUR100,000 at 9.9 percent in an effort to shore up the country's ailing banks.
The delayed vote has sparked fears Cyprus could go bankrupt and face departure from the eurozone. To be sure, Cyprus is not Italy or Spain in terms of economic heft in the eurozone. Cyprus is not even on par with Greece in terms of economic importance in the region, but a country's size rarely matters when it comes to the eurozone roiling global financial markets.
Clearly, there are issues for investors considering long Europe positions to evaluate before jumping in as S&P Capital IQ points out in a new research note.
"According to Rob Quinn, S&P Capital IQ's Chief European Investment Strategist, the key drivers of equity valuations in recent years have been excess liquidity, inflation expectations and the discount rate," said the research firm. "However, Quinn believes global equity valuations have already experienced their quota of re-rating, with the P/E multiples at a multi-year high, and this may reverse into a headwind over the coming five quarters. Any further sustainable appreciation from here on in will require an earnings rebuild, in our view, and thus far in 2013, earnings estimates have been coming down."
Citing recent economic data out of the Eurozone, including some discouraging purchasing managers index reports, S&P Capital has unfavorable views on a pair of marquee Europe ETFs . The research firm sees negative implications for the Vanguard MSCI Europe ETF (NYSE: VGK ) and the iShares MSCI EMU Index Fund (NYSE: EZU ), both which S&P rates as Marketweight.
VGK, which is home to 439 stocks, devotes the bulk of its weight to non-eurozone nations. For example, the U.K., Switzerland and Sweden and combine for over 53 percent of the ETF's weight, according to Vanguard data .
Additionally, the PIIGS countries - Portugal, Italy, Ireland, Greece and Spain - combine for just 8.5 percent of VGK's weight.
Still, France and Germany figure prominently in VGK, making the fund vulnerable to dour Eurozone headlines. Germany and France, the region's two largest economies, receive weights of 13.2 percent and 14.6 percent, respectively, in VGK.
The iShares MSCI EMU Index Fund is far more concentrated on Eurozone equities than VGK. EZU's top-10 country weights, all of which are Eurozone nations, represent more than 98 percent of the ETF's weight. Of that group, France and Germany combine for nearly 62 percent of the fund's total weight. EZU features no noteworthy exposure to Cyprus or Greece, but Spain and Italy combine for 17.5 percent of the ETF's weight.
EZU and VGK are each down about one percent on Monday.
S&P Capital IQ is more bullish on the SPDR S&P International Consumer Staples Sector ETF (NYSE: IPS ), which the research firm rates Market-weight with positive implications. The SPDR S&P International Consumer Staples Sector ETF is small ($34.67 million in assets) and thinly traded (average daily volume of less than 9,100 shares), but just as investors would expect with a U.S.-focused staples ETF, IPS delivers in terms of having a low beta.
IPS has a beta of just 0.43 against the S&P 500, according to State Street data .
IPS is home to 112 stocks, including spirits maker Diageo (NYSE: DEO ), which S&P has a four-star rating on. Nestle (OTC: NSRGY ), the world's largest food company, is the ETF's largest holding with a weight of 15.2 percent. Other top holdings include Anheuser-Busch InBev (NYSE: BUD ) and Unilever (NYSE: UN ).
Importantly, while IPS is an ex-U.S. play, it is not strictly a Europe play, either. Japan is the ETF's third-largest country weight while Canada and Singapore are among the other non-Europe country exposures featured in IPS. IPS has gained almost three percent in the past month.
For more on ETFs, click here .
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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IPS is home to 112 stocks, including spirits maker Diageo (NYSE: DEO ), which S&P has a four-star rating on. Cyprus is not even on par with Greece in terms of economic importance in the region, but a country's size rarely matters when it comes to the eurozone roiling global financial markets. "According to Rob Quinn, S&P Capital IQ's Chief European Investment Strategist, the key drivers of equity valuations in recent years have been excess liquidity, inflation expectations and the discount rate," said the research firm.
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IPS is home to 112 stocks, including spirits maker Diageo (NYSE: DEO ), which S&P has a four-star rating on. The research firm sees negative implications for the Vanguard MSCI Europe ETF (NYSE: VGK ) and the iShares MSCI EMU Index Fund (NYSE: EZU ), both which S&P rates as Marketweight. EZU features no noteworthy exposure to Cyprus or Greece, but Spain and Italy combine for 17.5 percent of the ETF's weight.
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IPS is home to 112 stocks, including spirits maker Diageo (NYSE: DEO ), which S&P has a four-star rating on. The research firm sees negative implications for the Vanguard MSCI Europe ETF (NYSE: VGK ) and the iShares MSCI EMU Index Fund (NYSE: EZU ), both which S&P rates as Marketweight. EZU's top-10 country weights, all of which are Eurozone nations, represent more than 98 percent of the ETF's weight.
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IPS is home to 112 stocks, including spirits maker Diageo (NYSE: DEO ), which S&P has a four-star rating on. Additionally, the PIIGS countries - Portugal, Italy, Ireland, Greece and Spain - combine for just 8.5 percent of VGK's weight. EZU's top-10 country weights, all of which are Eurozone nations, represent more than 98 percent of the ETF's weight.
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2013-03-06 00:00:00 UTC
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UB Group-Diageo JV Gets Final Nod - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/ub-group-diageo-jv-gets-final-nod-analyst-blog-2013-03-06
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According to media reports, British distiller Diageo plc ( DEO ) has received the final nod for its entry into India. The joint venture between Diageo and Vijay Mallya's United Spirits got a clean bill of health from the fair trade watchdog Competition Commission of India ('CCI').
The commission is of the opinion that the tie between the two spirits companies will not affect the competitive environment in the country. The commission also noted that United Spirits and Diageo operate in different price segments and the cost overlap of their products within these segments is minimal.
The tie-up is also expected to boost product innovation and thus bring new variants within the existing price bands giving wine lovers in India more choice.
The agreement between Diageo and India's largest spirits company United Spirits Ltd. entered into an agreement, according to which Diageo will acquire a 53.4% stake in the latter for 1.285 billion pounds ($2.05 billion), in order to venture into the fast-growing alcohol market in India.
Under the agreement, Diageo will buy a 27.4% stake in United Spirits for INR 1,440 per share ($26.32 per share), amounting to a total consideration of 660 million pounds ($1.05 billion), and make a tender offer for the remaining 26%. Diageo will finance the acquisition through existing cash and debt. The deal is expected to close in the first quarter of 2013.
United Spirits is owned by Indian entrepreneur Dr. Vijay Mallya, who needs cash to bail his Kingfisher Airlines out of bankruptcy. Besides financial strength, the acquisition will provide United Spirits with bright opportunities ahead. Following the acquisition, Dr. Mallya will continue in his current capacity as Chairman of United Spirits.
After the fair trade regulator received a notice regarding the tie up in Dec 2012, it obtained many clarifications from both the parties and finally gave its approval for the spirits giant's entry into India.
London-based Diageo, whose brands include Johnnie Walker, Smirnoff and Guinness, has been exploring opportunities to expand geographically through acquisitions. In furtherance of this strategy, it has acquired companies with a strong indigenous presence like Mey Içki in Turkey, ShuiJingFang in China and Halico in Vietnam in fiscal 2012. In June last year, Diageo also bought Cabin Fever Maple Flavored Whiskey in the U.S. to tap the growing markets for flavored whiskey and craft distilling.
Currently, Diageo plc carries a Zacks Rank #2 (Buy). We would also recommend stocks like Compania Cervecerias Unidas S.A. ( CCU ), which carries a Zacks Rank #1 (Strong Buy), as well as Molson Coors Brewing Company ( TAP ) and Grupo Modelo, S.A.B. de C.V. ( GPMCF ), both of which carry a Zacks Rank #2 (Buy). These companies also offer attractive exposure to alcoholic beverage segments.
CERV UNIDAS-ADR (CCU): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
GRUPO MODELO-C (GPMCF): Get Free Report
MOLSON COORS-B (TAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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According to media reports, British distiller Diageo plc ( DEO ) has received the final nod for its entry into India. CERV UNIDAS-ADR (CCU): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report GRUPO MODELO-C (GPMCF): Get Free Report MOLSON COORS-B (TAP): Free Stock Analysis Report To read this article on Zacks.com click here. The joint venture between Diageo and Vijay Mallya's United Spirits got a clean bill of health from the fair trade watchdog Competition Commission of India ('CCI').
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CERV UNIDAS-ADR (CCU): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report GRUPO MODELO-C (GPMCF): Get Free Report MOLSON COORS-B (TAP): Free Stock Analysis Report To read this article on Zacks.com click here. According to media reports, British distiller Diageo plc ( DEO ) has received the final nod for its entry into India. The agreement between Diageo and India's largest spirits company United Spirits Ltd. entered into an agreement, according to which Diageo will acquire a 53.4% stake in the latter for 1.285 billion pounds ($2.05 billion), in order to venture into the fast-growing alcohol market in India.
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CERV UNIDAS-ADR (CCU): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report GRUPO MODELO-C (GPMCF): Get Free Report MOLSON COORS-B (TAP): Free Stock Analysis Report To read this article on Zacks.com click here. According to media reports, British distiller Diageo plc ( DEO ) has received the final nod for its entry into India. The joint venture between Diageo and Vijay Mallya's United Spirits got a clean bill of health from the fair trade watchdog Competition Commission of India ('CCI').
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According to media reports, British distiller Diageo plc ( DEO ) has received the final nod for its entry into India. CERV UNIDAS-ADR (CCU): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report GRUPO MODELO-C (GPMCF): Get Free Report MOLSON COORS-B (TAP): Free Stock Analysis Report To read this article on Zacks.com click here. The joint venture between Diageo and Vijay Mallya's United Spirits got a clean bill of health from the fair trade watchdog Competition Commission of India ('CCI').
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2013-02-25 00:00:00 UTC
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Diageo plc (DEO) Ex-Dividend Date Scheduled for February 27, 2013
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DEO
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https://www.nasdaq.com/articles/diageo-plc-deo-ex-dividend-date-scheduled-february-27-2013-2013-02-25
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Diageo plc ( DEO ) will begin trading ex-dividend on February 27, 2013. A cash dividend payment of $1.1272 per share is scheduled to be paid on April 12, 2013. Shareholders who purchased DEO stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an -34.02% decrease from the prior quarter.
The previous trading day's last sale of DEO was $120.91, representing a -0.53% decrease from the 52 week high of $121.55 and a 30.64% increase over the 52 week low of $92.55.
DEO is a part of the Consumer Non-Durables sector, which includes companies such as Coca-Cola Company ( KO ) and Anheuser-Busch Inbev SA ( BUD ).
For more information on the declaration, record and payment dates, visit the DEO Dividend History page.
Interested in gaining exposure to DEO through an Exchange Traded Fund [ETF]?
The following ETF(s) have DEO as a top-10 holding:
RevenueShares Navallier Overall A-100 ( RWV )
AdvisorShares Global Alpha & Beta ETF ( RRGR ).
The top-performing ETF of this group is RWV with an increase of 19.2% over the last 100 days. It also has the highest percent weighting of DEO at 3.27%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shareholders who purchased DEO stock prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the DEO Dividend History page. Interested in gaining exposure to DEO through an Exchange Traded Fund [ETF]?
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Diageo plc ( DEO ) will begin trading ex-dividend on February 27, 2013. Shareholders who purchased DEO stock prior to the ex-dividend date are eligible for the cash dividend payment.
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Shareholders who purchased DEO stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of DEO was $120.91, representing a -0.53% decrease from the 52 week high of $121.55 and a 30.64% increase over the 52 week low of $92.55. The following ETF(s) have DEO as a top-10 holding: RevenueShares Navallier Overall A-100 ( RWV ) AdvisorShares Global Alpha & Beta ETF ( RRGR ).
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Shareholders who purchased DEO stock prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of DEO was $120.91, representing a -0.53% decrease from the 52 week high of $121.55 and a 30.64% increase over the 52 week low of $92.55. The following ETF(s) have DEO as a top-10 holding: RevenueShares Navallier Overall A-100 ( RWV ) AdvisorShares Global Alpha & Beta ETF ( RRGR ).
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2013-02-12 00:00:00 UTC
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Markel's Tom Gayner Buys Alliance Holdings, Moody's, Norfolk Southern, Sells Sysco, Vodafone
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DEO
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https://www.nasdaq.com/articles/markels-tom-gayner-buys-alliance-holdings-moodys-norfolk-southern-sells-sysco-vodafone
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nan
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As the CIO of Markel Corp, Tom Gayner has the luxury that most money managers don't have: he never has to face redemption pressure. He certainly takes this advantage to almost its extreme, as he rarely sells stocks. With this buy and hold strategy, he has built great track record at Markel. To understand more about Mr. Gayner, read his interview with GuruFocus .
Tom Gayner buys Alliance Holdings, Moody's, Norfolk Southern, Nike, Peabody Energy Corporation, Hasbro, Inc., Procter & Gamble, Expeditors International of Washington, Inc., sells Union First Market Bankshares Corp, Sysco Corporation, Vodafone Group PLC during the 3-months ended 12/31/2012, according to the most recent filings of his investment company, Markel Gayner Asset Management Corp. As of 12/31/2012, Markel Gayner Asset Management Corp owns 102 stocks with a total value of $2.4 billion. These are the details of the buys and sells.
New Purchases: BG , ACI, RFP,
Added Positions: AHGP, MCO, NSC, NKE, HAS, BTU, NRP, MAT, PG, EXPD, CLMS, ANR, CNX,
Reduced Positions: UBSH, SYY, UBSH,
Sold Out: VOD,
For the details of Tom Gayner's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Tom+Gayner
These are the top 5 holdings of Tom Gayner
CarMax, Inc. ( KMX ) - 5,142,773 shares, 8.0% of the total portfolio. Shares reduced by 0.21%
Berkshire Hathaway Inc (BRK.A) - 1,103 shares, 6.2% of the total portfolio. Shares added by 1.66%
Diageo PLC ( DEO ) - 1,234,393 shares, 6.0% of the total portfolio. Shares reduced by 0.18%
Berkshire Hathaway Inc (BRK.B) - 1,560,882 shares, 5.8% of the total portfolio. Shares reduced by 0.12%
Brookfield Asset Management Inc ( BAM ) - 3,080,764 shares, 4.7% of the total portfolio. Shares reduced by 0.07%
New Purchase: Bunge Ltd ( BG )
Tom Gayner initiated holdings in Bunge Ltd. His purchase prices were between $67.78 and $73.82, with an estimated average price of $71.25. The impact to his portfolio due to this purchase was 0.03%. His holdings were 9,000 shares as of 12/31/2012. Bunge Limited is a limited liability company formed under the laws of Bermuda. Bunge Ltd has a market cap of $10.76 billion; its shares were traded at around $73.79 with a P/E ratio of 12.87 and P/S ratio of 0.1825. The dividend yield of Bunge Ltd stocks is 1.41%. Bunge Ltd had an annual average earnings growth of 1% over the past 10 years.
New Purchase: Arch Coal Inc ( ACI )
Tom Gayner initiated holdings in Arch Coal Inc. His purchase prices were between $6.2 and $8.66, with an estimated average price of $7.29. The impact to his portfolio due to this purchase was 0.02%. His holdings were 56,000 shares as of 12/31/2012. Arch Coal, Inc. was organized in Delaware in 1969 as Arch Mineral Corporation. Arch Coal Inc has a market cap of $1.24 billion; its shares were traded at around $5.83 with a P/E ratio of 17.9 and P/S ratio of 0.2806. The dividend yield of Arch Coal Inc stocks is 3.42%. Arch Coal Inc had an annual average earnings growth of 10.4% over the past 10 years. GuruFocus rated Arch Coal Inc the business predictability rank of 3.5-star.
New Purchase: Resolute Forest Products Inc ( RFP )
Tom Gayner initiated holdings in Resolute Forest Products Inc. His purchase prices were between $10.5 and $13.56, with an estimated average price of $12.12. The impact to his portfolio due to this purchase was 0.01%. His holdings were 15,375 shares as of 12/31/2012. Resolute Forest Products Inc is a Delaware Corporation. Resolute Forest Products Inc has a market cap of $1.29 billion; its shares were traded at around $13.41 with a P/E ratio of 46.729 and P/S ratio of 0.29.
Sold Out: Vodafone Group PLC ( VOD )
Tom Gayner sold out his holdings in Vodafone Group PLC. His sale prices were between $25.01 and $29.14, with an estimated average price of $26.62. Vodafone Group PLC is a provider of mobile communications. Vodafone Group Plc has a market cap of $135.04 billion; its shares were traded at around $27.25 with and P/S ratio of 1.9231. The dividend yield of Vodafone Group Plc stocks is 5.51%. Vodafone Group Plc had an annual average earnings growth of 5.3% over the past 5 years.
Added: Alliance Holdings GP, L.P. ( AHGP )
Tom Gayner added to his holdings in Alliance Holdings GP, L.P. by 104.29%. His purchase prices were between $44.2 and $51, with an estimated average price of $47.27. The impact to his portfolio due to this purchase was 0.17%. His holdings were 166,500 shares as of 12/31/2012. Alliance Holdings GP, L.P. is a Delaware limited partnership, which was formed to own and control Alliance Resource Management GP, LLC, the managing general partner of Alliance Resource Partners, L. Alliance Holdings Gp, L.p. has a market cap of $3.08 billion; its shares were traded at around $51.5 with a P/E ratio of 15.748 and P/S ratio of 1.5708. The dividend yield of Alliance Holdings Gp, L.p. stocks is 5.5%. Alliance Holdings Gp, L.p. had an annual average earnings growth of 23.9% over the past 5 years. GuruFocus rated Alliance Holdings Gp, L.p. the business predictability rank of 4-star.
Added: Moody's Corporation ( MCO )
Tom Gayner added to his holdings in Moody's Corporation by 218%. His purchase prices were between $43.98 and $51.54, with an estimated average price of $47.21. The impact to his portfolio due to this purchase was 0.14%. His holdings were 95,400 shares as of 12/31/2012. Moody's Corp was founded in 1990. The Company is a provider of credit ratings, credit and economic related research, data and analytical tools, risk management software and quantitative credit risk measures, credit portfolio management solutions and training services. Moody's Corporation has a market cap of $10.14 billion; its shares were traded at around $45.43 with a P/E ratio of 16.4474 and P/S ratio of 4.0502. The dividend yield of Moody's Corporation stocks is 1.41%. Moody's Corporation had an annual average earnings growth of 7.2% over the past 10 years.
Added: Nike, Inc. (NKE)
Tom Gayner added to his holdings in Nike, Inc. by 103.38%. His purchase prices were between $45.3 and $52.8, with an estimated average price of $48.15. The impact to his portfolio due to this purchase was 0.13%. His holdings were 120,400 shares as of 12/31/2012. Nike, Inc. was incorporated in 1968 under the laws of the state of Oregon. Nike, Inc. has a market cap of $44.5 billion; its shares were traded at around $55.22 with a P/E ratio of 24.8756 and P/S ratio of 2.0387. The dividend yield of Nike, Inc. stocks is 1.36%. Nike, Inc. had an annual average earnings growth of 9.6% over the past 10 years. GuruFocus rated Nike, Inc. the business predictability rank of 4.5-star.
Added: Norfolk Southern Corporation ( NSC )
Tom Gayner added to his holdings in Norfolk Southern Corporation by 236.92%. His purchase prices were between $56.34 and $67.71, with an estimated average price of $62. The impact to his portfolio due to this purchase was 0.13%. His holdings were 72,100 shares as of 12/31/2012. Norfolk Southern Corporation was incorporated on July 23, 1980, under the laws of the Commonwealth of Virginia. Norfolk Southern Corporation has a market cap of $22.3 billion; its shares were traded at around $70.6 with a P/E ratio of 12.6422 and P/S ratio of 2.0585. The dividend yield of Norfolk Southern Corporation stocks is 2.79%. Norfolk Southern Corporation had an annual average earnings growth of 11.2% over the past 10 years. GuruFocus rated Norfolk Southern Corporation the business predictability rank of 3-star.
Added: Hasbro, Inc. (HAS)
Tom Gayner added to his holdings in Hasbro, Inc. by 26.25%. His purchase prices were between $35.31 and $39.3, with an estimated average price of $37.29. The impact to his portfolio due to this purchase was 0.05%. His holdings were 151,500 shares as of 12/31/2012. Hasbro, Inc. is a Rhode Island corporation, which was organized on January 8, 1926. Hasbro, Inc. has a market cap of $5.16 billion; its shares were traded at around $39.6 with a P/E ratio of 15.1976 and P/S ratio of 1.2666. The dividend yield of Hasbro, Inc. stocks is 3.63%. Hasbro, Inc. had an annual average earnings growth of 11.5% over the past 10 years. GuruFocus rated Hasbro, Inc. the business predictability rank of 2.5-star.
Added: Peabody Energy Corporation (BTU)
Tom Gayner added to his holdings in Peabody Energy Corporation by 33.33%. His purchase prices were between $21.81 and $29.28, with an estimated average price of $26.04. The impact to his portfolio due to this purchase was 0.05%. His holdings were 180,000 shares as of 12/31/2012. Peabody Energy Corporation was incorporated in Delaware in 1998 and became a public company in 2001. Peabody Energy Corporation has a market cap of $6.32 billion; its shares were traded at around $23.53 with a P/E ratio of 8.3333 and P/S ratio of 0.7572. The dividend yield of Peabody Energy Corporation stocks is 1.44%. Peabody Energy Corporation had an annual average earnings growth of 18.1% over the past 10 years. GuruFocus rated Peabody Energy Corporation the business predictability rank of 2.5-star.
Added: Natural Resources Partners L.P. (NRP)
Tom Gayner added to his holdings in Natural Resources Partners L.P. by 84.36%. His purchase prices were between $17.14 and $22.42, with an estimated average price of $19.56. The impact to his portfolio due to this purchase was 0.04%. His holdings were 101,400 shares as of 12/31/2012. Natural Resource Partners L.P. is a limited partnership formed in April 2002, and it completed its initial public offering in October 2002. Natural Resources Partners L.p. has a market cap of $2.36 billion; its shares were traded at around $22.28 with a P/E ratio of 17.6991 and P/S ratio of 6.3898. The dividend yield of Natural Resources Partners L.p. stocks is 9.87%. Natural Resources Partners L.p. had an annual average earnings growth of 6.8% over the past 10 years.
Added: Procter & Gamble Co (PG)
Tom Gayner added to his holdings in Procter & Gamble Co by 79.17%. His purchase prices were between $66.32 and $70.76, with an estimated average price of $68.83. The impact to his portfolio due to this purchase was 0.04%. His holdings were 34,400 shares as of 12/31/2012. Procter & Gamble Co was incorporated in Ohio in 1905, having been built from a business founded in 1837. Procter & Gamble Co has a market cap of $207.09 billion; its shares were traded at around $75.85 with a P/E ratio of 19.4553 and P/S ratio of 2.6667. The dividend yield of Procter & Gamble Co stocks is 2.97%. Procter & Gamble Co had an annual average earnings growth of 5.7% over the past 10 years. GuruFocus rated Procter & Gamble Co the business predictability rank of 1-star.
Added: Expeditors International of Washington, Inc. (EXPD)
Tom Gayner added to his holdings in Expeditors International of Washington, Inc. by 23.15%. His purchase prices were between $34.36 and $39.9, with an estimated average price of $36.91. The impact to his portfolio due to this purchase was 0.04%. His holdings were 133,000 shares as of 12/31/2012. Expeditors International of Washington, Inc. was incorporated in the state of Washington in 1979 and began operations in 1981 by coordinating airfreight shipments from Asia to the U. Expeditors International Of Washington, Inc. has a market cap of $8.99 billion; its shares were traded at around $43.01 with a P/E ratio of 26.8097 and P/S ratio of 1.5408. The dividend yield of Expeditors International Of Washington, Inc. stocks is 1.3%. Expeditors International Of Washington, Inc. had an annual average earnings growth of 14% over the past 10 years. GuruFocus rated Expeditors International Of Washington, Inc. the business predictability rank of 3-star.
Added: Calamos Asset Management, Inc. (CLMS)
Tom Gayner added to his holdings in Calamos Asset Management, Inc. by 76.92%. His purchase prices were between $9.31 and $11.75, with an estimated average price of $10.3. The impact to his portfolio due to this purchase was 0.04%. His holdings were 230,000 shares as of 12/31/2012. Calamos Asset Management, Inc. together with its subsidiaries, mainly provides investment advisory services to individuals and institutional investors through open-end funds, closed-end funds, separate accounts, offshore funds and partnerships. Calamos Asset Management, Inc. has a market cap of $214.462 million; its shares were traded at around $10.56 with a P/E ratio of 16.1031 and P/S ratio of 0.6557. The dividend yield of Calamos Asset Management, Inc. stocks is 3.9%.
Added: Mattel, Inc. (MAT)
Tom Gayner added to his holdings in Mattel, Inc. by 34.67%. His purchase prices were between $35.11 and $37.79, with an estimated average price of $36.49. The impact to his portfolio due to this purchase was 0.04%. His holdings were 101,000 shares as of 12/31/2012. Mattel, Inc. was incorporated in California in 1948 and reincorporated in Delaware in 1968. Mattel, Inc. has a market cap of $13.82 billion; its shares were traded at around $40.29 with a P/E ratio of 16.5289 and P/S ratio of 2.1983. The dividend yield of Mattel, Inc. stocks is 3.08%. Mattel, Inc. had an annual average earnings growth of 4.4% over the past 10 years. GuruFocus rated Mattel, Inc. the business predictability rank of 2.5-star.
Added: Consol Energy Inc (CNX)
Tom Gayner added to his holdings in Consol Energy Inc by 100%. His purchase prices were between $29.71 and $36.6, with an estimated average price of $33.32. The impact to his portfolio due to this purchase was 0.02%. His holdings were 30,000 shares as of 12/31/2012. Consol Energy Inc. was incorporated in Delaware. The Company is a multi-fuel energy producer and energy services provider that mainly serves the electric power generation industry in the United States. Consol Energy Inc has a market cap of $7.48 billion; its shares were traded at around $32.93 with a P/E ratio of 19.2678 and P/S ratio of 1.3827. The dividend yield of Consol Energy Inc stocks is 1.53%. Consol Energy Inc had an annual average earnings growth of 12% over the past 10 years. GuruFocus rated Consol Energy Inc the business predictability rank of 2-star.
Added: Alpha Natural Resources Inc (ANR)
Tom Gayner added to his holdings in Alpha Natural Resources Inc by 30.38%. His purchase prices were between $6.3 and $9.89, with an estimated average price of $8.25. The impact to his portfolio due to this purchase was 0.02%. His holdings were 242,500 shares as of 12/31/2012. Alpha Natural Resources, Inc. was formerly known as Foundation Coal Holdings, Inc. Alpha Natural Resources Inc has a market cap of $1.82 billion; its shares were traded at around $8.25 with and P/S ratio of 0.2424.
Reduced: Union First Market Bankshares Corp (UBSH)
Tom Gayner reduced to his holdings in Union First Market Bankshares Corp by 25.12%. His sale prices were between $14.41 and $15.87, with an estimated average price of $15.32. The impact to his portfolio due to this sale was -0.58%. Tom Gayner still held 2,624,481 shares as of 12/31/2012. Union First Market Bankshares Corp is a bank holding company organized under Virginia law and registered under the Bank Holding Company Act of 1956. Union First Market Bankshares Corp has a market cap of $464.781 million; its shares were traded at around $17.82 with a P/E ratio of 13.986 and P/S ratio of 2.2437. The dividend yield of Union First Market Bankshares Corp stocks is 2.07%.
Reduced: Sysco Corporation ( SYY )
Tom Gayner reduced to his holdings in Sysco Corporation by 24.64%. His sale prices were between $29.89 and $32.39, with an estimated average price of $31.22. The impact to his portfolio due to this sale was -0.25%. Tom Gayner still held 571,408 shares as of 12/31/2012. Sysco Corporation was organized under the laws of Delaware. Sysco Corporation has a market cap of $18.49 billion; its shares were traded at around $31.58 with a P/E ratio of 17.2712 and P/S ratio of 0.4279. The dividend yield of Sysco Corporation stocks is 3.45%. Sysco Corporation had an annual average earnings growth of 5.6% over the past 10 years. GuruFocus rated Sysco Corporation the business predictability rank of 3.5-star.
Here is the complete portfolio of Tom Gayner. Also check out:
1. Tom Gayner's Undervalued Stocks
2. Tom Gayner's Top Growth Companies, and
3. Tom Gayner's High Yield stocksAbout GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares added by 1.66% Diageo PLC ( DEO ) - 1,234,393 shares, 6.0% of the total portfolio. As the CIO of Markel Corp, Tom Gayner has the luxury that most money managers don't have: he never has to face redemption pressure. New Purchases: BG , ACI, RFP, Added Positions: AHGP, MCO, NSC, NKE, HAS, BTU, NRP, MAT, PG, EXPD, CLMS, ANR, CNX, Reduced Positions: UBSH, SYY, UBSH, Sold Out: VOD, For the details of Tom Gayner's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Tom+Gayner These are the top 5 holdings of Tom Gayner CarMax, Inc. ( KMX ) - 5,142,773 shares, 8.0% of the total portfolio.
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Shares added by 1.66% Diageo PLC ( DEO ) - 1,234,393 shares, 6.0% of the total portfolio. Tom Gayner buys Alliance Holdings, Moody's, Norfolk Southern, Nike, Peabody Energy Corporation, Hasbro, Inc., Procter & Gamble, Expeditors International of Washington, Inc., sells Union First Market Bankshares Corp, Sysco Corporation, Vodafone Group PLC during the 3-months ended 12/31/2012, according to the most recent filings of his investment company, Markel Gayner Asset Management Corp. As of 12/31/2012, Markel Gayner Asset Management Corp owns 102 stocks with a total value of $2.4 billion. New Purchases: BG , ACI, RFP, Added Positions: AHGP, MCO, NSC, NKE, HAS, BTU, NRP, MAT, PG, EXPD, CLMS, ANR, CNX, Reduced Positions: UBSH, SYY, UBSH, Sold Out: VOD, For the details of Tom Gayner's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Tom+Gayner These are the top 5 holdings of Tom Gayner CarMax, Inc. ( KMX ) - 5,142,773 shares, 8.0% of the total portfolio.
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Shares added by 1.66% Diageo PLC ( DEO ) - 1,234,393 shares, 6.0% of the total portfolio. Tom Gayner buys Alliance Holdings, Moody's, Norfolk Southern, Nike, Peabody Energy Corporation, Hasbro, Inc., Procter & Gamble, Expeditors International of Washington, Inc., sells Union First Market Bankshares Corp, Sysco Corporation, Vodafone Group PLC during the 3-months ended 12/31/2012, according to the most recent filings of his investment company, Markel Gayner Asset Management Corp. As of 12/31/2012, Markel Gayner Asset Management Corp owns 102 stocks with a total value of $2.4 billion. Shares reduced by 0.07% New Purchase: Bunge Ltd ( BG ) Tom Gayner initiated holdings in Bunge Ltd. His purchase prices were between $67.78 and $73.82, with an estimated average price of $71.25.
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Shares added by 1.66% Diageo PLC ( DEO ) - 1,234,393 shares, 6.0% of the total portfolio. Tom Gayner buys Alliance Holdings, Moody's, Norfolk Southern, Nike, Peabody Energy Corporation, Hasbro, Inc., Procter & Gamble, Expeditors International of Washington, Inc., sells Union First Market Bankshares Corp, Sysco Corporation, Vodafone Group PLC during the 3-months ended 12/31/2012, according to the most recent filings of his investment company, Markel Gayner Asset Management Corp. As of 12/31/2012, Markel Gayner Asset Management Corp owns 102 stocks with a total value of $2.4 billion. Shares reduced by 0.07% New Purchase: Bunge Ltd ( BG ) Tom Gayner initiated holdings in Bunge Ltd. His purchase prices were between $67.78 and $73.82, with an estimated average price of $71.25.
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2013-02-04 00:00:00 UTC
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Diageo's Performance in 1H13 - Analyst Blog
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https://www.nasdaq.com/articles/diageos-performance-in-1h13-analyst-blog-2013-02-04
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Diageo Plc.'s ( DEO ) earnings in the first half of fiscal 2013 went up 9% y/y to 60.9 pence (97 cents* per share) from 55.9 pence (89 cents** per share) in the same period in the previous year.
The increase in profit was the result of strong organic growth of Diageo's strategic brands. Increasing reach to the burgeoning middle class coupled with fast penetration of the company into emerging markets contributed to the positive results.
On a reported basis, net revenue (i.e. total revenue minus excise duties) increased 5% to £6.0 billion ($9.6 billion) in the first half of fiscal year 2013 ending December 31, 2012. On an organic basis also, revenues increased 5%, while volume grew 1% y/y.
Diageo increased its marketing spending by 5% organically in the first half of fiscal 2013. Operating profit before exceptional items (excluding acquisitions and disposals) went up 9% year over year, on an organic basis.
Segment Details
Except Europe, all the regions have delivered positive organic sales growth.
In North America , Diageo's organic sales increased 5% in the first half of fiscal 2013, with a volume growth of 1%. Price/mix contributed 4 percentage points to organic sales growth. Marketing spending increased 5% in the region, primarily because of the launch of Smirnoff Iced Cake and Kissed Caramel and Ketel One vodka. Operating profit grew 9% organically in the year.
Among the spirits, Cîroc showed strong performance in the first half of the year.. The lack of innovation in beers impacted performance in the first half.
In Europe , organic sales fell 2% along with volume declines of 3%. The company, saw 3% decline in operating profit despite a 2% decline in marketing spending.
The economy in Southern Europe remains challenging. While Diageo's performance in Great Britain remained unchanged, Germany and Benelux performed well during the period. Johnnie Walker's ultra premium brand performed well in the region.
In Africa , organic sales increased 10% in the first half, with a volume growth of 3%. Marketing spending increased 7% in the region, particularly behind core beer brands and international spirits. However, operating profit increased 17%.
The Latin America and Caribbean region delivered a strong performance in the year, with organic sales growth of 18% and volume growth of 7%. The company also increased its marketing spending by 22% to enhance the brand equities in scotch, increase the significance of vodka and support innovation. Despite the increasing costs, operating profit grew 23% in the first half.
In the Asia Pacific region, sales increased 6% organically with a volume growth of 1%. Marketing spending jumped 3% and operating profit grew 10%, on an organic basis. However, uncertainty around the global economy led to further contraction of the whisky market in Korea.
The company is increasing marketing investment in all the geographical segments, and is focusing more on its premium brands. The strategy of transitioning to high margin high priced products is helping the company improve its margins.
Currently, Diageo Plc carries a Zacks Rank #3 (Hold). We would also recommend that investors to consider Boston Beer Company Inc. ( SAM ), and Compania Cervecerias Unidas S.A. ( CCU ) that carry a Zacks Rank #1 (Strong Buy) and Constellation Brands Inc. ( STZ ) with a Zacks #2 (Buy). These companies offer a more attractive exposure to alcoholic beverage segments.
*£1=$1.59292 (average price of the year ended December 31, 2012).
**£1=$1.59244 (average price of the year ended June 30, 2011).
CERV UNIDAS-ADR (CCU): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
BOSTON BEER INC (SAM): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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's ( DEO ) earnings in the first half of fiscal 2013 went up 9% y/y to 60.9 pence (97 cents* per share) from 55.9 pence (89 cents** per share) in the same period in the previous year. CERV UNIDAS-ADR (CCU): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Increasing reach to the burgeoning middle class coupled with fast penetration of the company into emerging markets contributed to the positive results.
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CERV UNIDAS-ADR (CCU): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. 's ( DEO ) earnings in the first half of fiscal 2013 went up 9% y/y to 60.9 pence (97 cents* per share) from 55.9 pence (89 cents** per share) in the same period in the previous year. On a reported basis, net revenue (i.e. total revenue minus excise duties) increased 5% to £6.0 billion ($9.6 billion) in the first half of fiscal year 2013 ending December 31, 2012.
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's ( DEO ) earnings in the first half of fiscal 2013 went up 9% y/y to 60.9 pence (97 cents* per share) from 55.9 pence (89 cents** per share) in the same period in the previous year. CERV UNIDAS-ADR (CCU): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Diageo increased its marketing spending by 5% organically in the first half of fiscal 2013.
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's ( DEO ) earnings in the first half of fiscal 2013 went up 9% y/y to 60.9 pence (97 cents* per share) from 55.9 pence (89 cents** per share) in the same period in the previous year. CERV UNIDAS-ADR (CCU): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. The increase in profit was the result of strong organic growth of Diageo's strategic brands.
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2013-01-29 00:00:00 UTC
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Diageo Completes Beer Business Deal - Analyst Blog
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https://www.nasdaq.com/articles/diageo-completes-beer-business-deal-analyst-blog-2013-01-29
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London-based Diageo Plc. ( DEO ) has completed its joint venture with India's largest spirits company United Spirits Limited, to own United National Breweries' traditional sorghum beer business in South Africa. Diageo has bought 50% of the business for approximately 25 million pounds sterling ($36.0 million). The remaining half of the company will be held by a company affiliated to Dr. Vijay Mallya, Chairman of United Spirits Limited.
The deal dates back to November 2012, when Diageo and Mallya had signed a Memorandum of Understanding (MoU) for the traditional sorghum beer business of South Africa-based United National Breweries. The 50-50 joint venture will foray into certain emerging markets of Africa and Asia (excluding India).
Along with the signed MoU, Diageo also agreed to acquire a 53.4% stake in United Spirits for 1.285 billion pounds sterling ($2.05 billion), in order to venture into the fast growing alcohol market in India. Besides financial strength, the acquisition is expected to help to reduce debt and provide
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( DEO ) has completed its joint venture with India's largest spirits company United Spirits Limited, to own United National Breweries' traditional sorghum beer business in South Africa. The deal dates back to November 2012, when Diageo and Mallya had signed a Memorandum of Understanding (MoU) for the traditional sorghum beer business of South Africa-based United National Breweries. The 50-50 joint venture will foray into certain emerging markets of Africa and Asia (excluding India).
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( DEO ) has completed its joint venture with India's largest spirits company United Spirits Limited, to own United National Breweries' traditional sorghum beer business in South Africa. The deal dates back to November 2012, when Diageo and Mallya had signed a Memorandum of Understanding (MoU) for the traditional sorghum beer business of South Africa-based United National Breweries. Along with the signed MoU, Diageo also agreed to acquire a 53.4% stake in United Spirits for 1.285 billion pounds sterling ($2.05 billion), in order to venture into the fast growing alcohol market in India.
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( DEO ) has completed its joint venture with India's largest spirits company United Spirits Limited, to own United National Breweries' traditional sorghum beer business in South Africa. The deal dates back to November 2012, when Diageo and Mallya had signed a Memorandum of Understanding (MoU) for the traditional sorghum beer business of South Africa-based United National Breweries. Along with the signed MoU, Diageo also agreed to acquire a 53.4% stake in United Spirits for 1.285 billion pounds sterling ($2.05 billion), in order to venture into the fast growing alcohol market in India.
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( DEO ) has completed its joint venture with India's largest spirits company United Spirits Limited, to own United National Breweries' traditional sorghum beer business in South Africa. London-based Diageo Plc. Along with the signed MoU, Diageo also agreed to acquire a 53.4% stake in United Spirits for 1.285 billion pounds sterling ($2.05 billion), in order to venture into the fast growing alcohol market in India.
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2013-01-24 00:00:00 UTC
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Diageo Shoots Bulleit 10 - Analyst Blog
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https://www.nasdaq.com/articles/diageo-shoots-bulleit-10-analyst-blog-2013-01-24
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The leading brewer Diageo Plc. ( DEO ) has unveiled the newest version of the company's Whiskey brand Bulleit Bourbon - Bulleit 10.
The new edition has been allowed to age for ten years compared to the traditional five to eight years of age for usual Bulleit Whiskey. Moreover, Bulleit 10 is bottled in 91.2 proof bottles. This is the newest addition to the usual 90 proof bottles in which Bulleit Bourbon whiskies have been available. They are priced at $44.99 for a 750 ml bottle.
Bulleit Bourbon is a brand of whiskey owned by Diageo with higher rye content. The brand has retained the family name of the man who had designed the first Bulleit Bourbon around 1830. Diageo has made sure that each Bulleit Bourbon barrel is distilled and aged in small batches. They are then stored in a single-story warehouse in American oak barrels ensuring consistency in the maturation process. Bulleit Bourbon whiskies are characterized by their rye content. While the U.S. retains the top market , the brand is also available in Australia, United Kingdom and Germany.
Diageo has a leading position in the beer and vodka market with a strong portfolio of globally recognized flagship brands, including Smirnoff, Johnnie Walker, Captain Morgan, Baileys and Guinness.
The company has also continued to add to its already rich brand collection. In June 2012, the company announced that it was expanding its Chateau & Estate Wine portfolio by adding three more varieties: Stark Raving, Butterfly Kiss and Rose'N'Blum. Also in June, the company bought Cabin Fever Maple Flavored Whiskey in order to tap the growing markets of flavored whiskey and craft distillation.
The continuous innovations of the spirits portfolio of Diageo is expected to boost earnings in fiscal 2013. Diageo reported strong fiscal 2012 results that were driven by organic growth all over the world and improved performance of Diageo's Johnnie Walker and Ciroc brands.
One estimate out of seven was raised in the last 30 days that moved up the Zacks Consensus Estimate by a penny to $6.49.
Currently, Diageo Plc. carries a Zacks Rank #3 (Hold). We would also recommend that investors consider Boston Beer Company Inc. ( SAM ), Compania Cervecerias Unidas S.A. ( CCU ) that carry a Zacks Rank #1 (Strong Buy) and Constellation Brands Inc. ( STZ ) that carry a Zacks #2 (Buy). These companies offer a more attractive exposure to alcoholic beverage segments.
CERV UNIDAS-ADR (CCU): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
BOSTON BEER INC (SAM): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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( DEO ) has unveiled the newest version of the company's Whiskey brand Bulleit Bourbon - Bulleit 10. CERV UNIDAS-ADR (CCU): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. They are then stored in a single-story warehouse in American oak barrels ensuring consistency in the maturation process.
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( DEO ) has unveiled the newest version of the company's Whiskey brand Bulleit Bourbon - Bulleit 10. CERV UNIDAS-ADR (CCU): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. We would also recommend that investors consider Boston Beer Company Inc. ( SAM ), Compania Cervecerias Unidas S.A. ( CCU ) that carry a Zacks Rank #1 (Strong Buy) and Constellation Brands Inc. ( STZ ) that carry a Zacks #2 (Buy).
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( DEO ) has unveiled the newest version of the company's Whiskey brand Bulleit Bourbon - Bulleit 10. CERV UNIDAS-ADR (CCU): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. We would also recommend that investors consider Boston Beer Company Inc. ( SAM ), Compania Cervecerias Unidas S.A. ( CCU ) that carry a Zacks Rank #1 (Strong Buy) and Constellation Brands Inc. ( STZ ) that carry a Zacks #2 (Buy).
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( DEO ) has unveiled the newest version of the company's Whiskey brand Bulleit Bourbon - Bulleit 10. CERV UNIDAS-ADR (CCU): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report BOSTON BEER INC (SAM): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. This is the newest addition to the usual 90 proof bottles in which Bulleit Bourbon whiskies have been available.
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2013-01-11 00:00:00 UTC
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A Hangover in Booze Stocks?
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https://www.nasdaq.com/articles/hangover-booze-stocks-2013-01-11
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Submitted by Sizemore Investment Letter as part of our contributors program
For the past year, it's been a swinging-from-the-chandeliers party in booze stocks. High-end alcohol distillers have kept investors buzzed in an otherwise sobering stretch.
Diageo (NYSE:$ DEO) , the biggest and best diversified of the lot, is up 37% over the past 52 weeks. But Pernod-Ricard (Pink:$ PDRDY) and Beam, Inc. (NYSE:$ BEAM) are both up more than 20%, and Brown-Forman Corp (NYSE:$ BF-B) , the maker of the iconic Jack Daniels Tennessee Whiskey, was up by nearly 35% through early December before backing off recently.
These are fantastic numbers for a mature business like spirits.
In early November, I wrote favorably about booze stocks, noting that "the premium spirits business has been a rare source of growth in recent years, much of which has been generated by rising sales to emerging market consumers and particularly Chinese consumers." (See "Whiskey Stocks to Burn the Throat" ).
All of this is still true, of course. In fact, with China recovering, it's truer than ever.
Furthermore, in their branding, high-end spirits companies have major intangible assets that take decades to build and are almost impossible to replicate. To give an example, in much of South America "whisky" does not refer to a type of distilled spirit. It specifically means Johnny Walker scotch, and usually Black Label. This kind of branding power creates incredible barriers to new entrants.
It would be virtually impossible to start a new scotch brand today (see "Diageo: the Ultimate 12- to 18-Year Play" ) and this is a fact that is not lost on investors in the sector.
An exception would be high-end vodka, which is subject to trendiness and tends to have trouble building a dedicated clientele. The "it" vodka at posh bars tends to change from year to year. There is a reason for this. Vodka doesn't have to be aged and has no "official" standards. Anyone with a deep-pocketed marketing team can create a new "premium" brand, mass produce it in a factory, and pimp it at bars a week later.
And let's not forget that all vodka tastes like water (it's the only spirit for which "quality" is defined by how watery it tastes), and for most people it's just something to mix in a cocktail. I consider it an ingredient for girly drinks that no self-respecting man should ever be seen drinking in public (with the possible exception of a vodka martini, and even then only if your name is Bond…James Bond ). You would never see "Skinny Girl Bourbon," dammit. And if we do, I swear I'll quit drinking. Forever.
I digress, but my points stand. Liquor is a fantastic business to be in.
Unfortunately, I can't say the same for liquor stocks. At current prices, they are simply too expensive. Beam, Inc., which was a recommendation of the Sizemore Investment Letter until recently, trades for nearly 30 times earnings. Brown-Forman trades for nearly 25.
Part of this is due to hopes that Diageo or Pernod-Ricard will make a bid for one or the other (or both) as a way to strengthen their position in the lucrative American whiskey market. But as I wrote recently, such a deal would seem unlikely at the moment. Diageo is busy absorbing some of its other acquisitions of recent years, and Brown-Forman and Beam have market caps of 13 billion and 10 billion, respectively. That would be a big shot glass to swallow for either Diageo or Pernod-Ricard.
So, you have a buyout premium built into the prices of stocks that are not likely to get bought out anytime soon. That's a hard sell.
Diageo itself is modestly overpriced at 23 times earnings. If you already own Diageo and you have a long time horizon (and Sizemore Capital does own Diageo in some client accounts), I think it is reasonable to hold on and reinvest your dividends. But at current prices, I would not recommend making any large new investment.
In 2012, we enjoyed the party in booze stocks. But at this point, I recommend tossing your car keys to the barkeep and catching a cab. 2013 might bring a mean hangover.
SUBSCRIBE to Sizemore Insights via e-mail today.
The post A Hangover in Booze Stocks? appeared first on Sizemore Insights.
Related posts:
Whiskey Stocks to Burn the Throat: Beam, Brown-Foreman and Diageo
Diageo: Sometimes, You Just NEED Tequila
Whiskey and Beer Better Long-Term Bets than Wine
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Diageo (NYSE:$ DEO) , the biggest and best diversified of the lot, is up 37% over the past 52 weeks. Submitted by Sizemore Investment Letter as part of our contributors program For the past year, it's been a swinging-from-the-chandeliers party in booze stocks. It would be virtually impossible to start a new scotch brand today (see "Diageo: the Ultimate 12- to 18-Year Play" ) and this is a fact that is not lost on investors in the sector.
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Diageo (NYSE:$ DEO) , the biggest and best diversified of the lot, is up 37% over the past 52 weeks. Beam, Inc., which was a recommendation of the Sizemore Investment Letter until recently, trades for nearly 30 times earnings. Related posts: Whiskey Stocks to Burn the Throat: Beam, Brown-Foreman and Diageo Diageo: Sometimes, You Just NEED Tequila Whiskey and Beer Better Long-Term Bets than Wine The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Diageo (NYSE:$ DEO) , the biggest and best diversified of the lot, is up 37% over the past 52 weeks. In early November, I wrote favorably about booze stocks, noting that "the premium spirits business has been a rare source of growth in recent years, much of which has been generated by rising sales to emerging market consumers and particularly Chinese consumers." Diageo is busy absorbing some of its other acquisitions of recent years, and Brown-Forman and Beam have market caps of 13 billion and 10 billion, respectively.
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Diageo (NYSE:$ DEO) , the biggest and best diversified of the lot, is up 37% over the past 52 weeks. Beam, Inc., which was a recommendation of the Sizemore Investment Letter until recently, trades for nearly 30 times earnings. But at current prices, I would not recommend making any large new investment.
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2012-12-28 00:00:00 UTC
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A 9% Yield from our Newest Expert Analyst
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https://www.nasdaq.com/articles/9-yield-our-newest-expert-analyst-2012-12-28
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This week'sinvestment idea comes with a 9%yield , and a deep contractbacklog tofund its payouts. More on that in a minute.
First, let me introduce you to the source of the recommendation -- Elliott Gue.
If the name rings a bell, there's good reason.
The stockmarket strategist has appeared on CNBC and Bloomberg TV, and has been quoted in Barron's, Forbes and the Washington Post. Elliott's expertise and track record of success have also made him a sought-after speaker atinvesting conferences hosted by the American Association of Individual Investors (AAII) and others.
Elliott is one of the most widely followed and respected analysts in the United States, with particular expertise in the international markets.
And now he's the newest member of StreetAuthority's stable of investment experts.
Starting with the Januaryissue of High-Yield International , Elliott's in charge. It's a good match.
The mission of High-Yield International is to bring readers the highest-yielding, fastest-growing -- and safest --investments outside the United States, carrying on a tradition of delivering market-beating returns.
And in meeting that challenge, Elliott has years of experience with international investing to draw upon.
Elliott earned his bachelor's and master's degrees from the University of London. In the early 2000s, Elliott was associate editor of an international investing-focused newsletter called Market Meridians.
In 2006, he co-authored a book entitled "The Silk Road to Riches: Investing in Asia's Newfound Prosperity," which focused on the growth inemerging markets .
One of his first international high-yield picks was global drinks giant Diageo ( DEO ) , which at the time yielded about 4%. From the end of February 2002 through the end of November, that stock was up about 260% including dividends, far outpacing the 59% gain in the S&P 500 over the same time period. (Diageo has also been a top performer in High-Yield International's "Reliable Income" portfolio since February 2009.)
Elliott also has an affinity for the international energy markets (which themselves are great fodder for yield-focused investors). He launched the highly acclaimed Energy Strategist newsletter in March 2005. Three years later, the official program of the 2008 G-8 Summit in Tokyo referred to Elliott as "the world's leading energy strategist."
Elliott's transition to High-Yield International will be a smooth one, due in part to the fact that his predecessor isn't going anywhere.
StreetAuthority co-founder Paul Tracy -- an investing expert in his own right -- took the helm at High-Yield International two years ago. At present, 93% of the holdings in the advisory's two model portfolios are showing positive returns, with a hefty majority beating the S&P 500 by sound margins.
But Paul became a victim of his own success. During the same two-year period, StreetAuthority -- the company Paul still actively manages -- was growing at a frenetic pace. StreetAuthority's paid subscriber base doubled, and global readership increased by hundreds of thousands.
Paul increasingly realized it was necessary to devote more of his time to managing that growth, along with several other major initiatives at the company -- a decision that became easier when Elliott became available.
I sat down with StreetAuthority's newest analyst this week and asked him to share with Insider readers his perspective. And, not to worry -- I haven't forgotten about that 9%-yielder I mentioned at the start of today's issue...
Bob: You seem to eat, sleep and breathe international investing. What is your investment process?
Elliott: I generally have a top-down approach to investing. That means I start by assessing the global economic outlook andmarket trends underway in key countries and regions. I keep an eye on the economic data that's released each trading day and monitor key political and economic policy changes. I then drill down further to look for industry groups and individual names that stand to benefit most from those trends.
For example, the Japaneseeconomy is currently mired inrecession and the country's widely-watchedbenchmark index , the Nikkei 225, underperformed the S&P 500 for most of 2012.
But in mid-October Shinzo Abe, the leader of the Liberal Democratic Party ( LDP ), promised to increase government spending and push the nation'scentral bank to adopt aninflation target of 2% if the LDP returned to power. Abe advocated the use of unconventionalmonetary policy such as additional quantitative easing and, potentially, negative interest rates to enddeflation in Japan.
After that announcement the Nikkei has soared -- since the end of October alone the Nikkei is up nearly 8%, outperforming the S&P's paltry 2.7% return. After Abe's landslide victory on December 16, I see the new government enacting plenty of policies that will bebullish for Japanese stocks in the new year.
Another example is Europe. European stocks have underperformed stocks in the United States for nearly three years due to the ongoing financial crisis in countries like Greece, Portugal, Italy and Spain.
But in September, the European Central Bank (ECB) announced a plan to buybonds issued by troubled EU countries to drive down borrowing costs. The result: A dramatic outperformance for European stocks and a rising euro that's pushed up returns. Europe also looks likely to emerge from its recession by the middle of 2013.
I will be examining some of the best positioned income stocks in EU for the January issue of High-Yield International. But don't worry, they all trade on U.S. stock exchanges.
Bob: Where do you see the most opportunities for income investors in the coming year?
Elliott: Now is the time to be focused on investing in foreign markets. The U.S. fiscal cliff has created significant uncertainty for the economy in the first half of next year.
While some sort of deal to avert the fiscal cliff is eventually likely, any agreement will probably involve some spending reductions and tax hikes that will tend to slow down the U.S. economy. That means some of the best opportunities to buy high-yield stocks lie outside the United States.
For example, the European central bank's efforts to bring down borrowing costs in countries such as Italy and Spain is starting tobear fruit. Recent economic data shows signs of improvement in Europe's largest economies, and stocks in the EU are starting to outperform their U.S. counterparts. Moreover, just as in the United States, many larger EU companies are multinationals that generate the majority of their sales outside the continent. Some of these firms have been unfairly punished simply because they happen to be headquartered in Rome or Paris.
China will also be an interesting investment story in 2013. The Chinese economy has slowed. However, much of the slowdown reflects the Chinese government's efforts to reduce inflation and cool downspeculation in the domestic property market. But with Chinese inflation well under the government's targets, China has cut interest rates, reducedreserve requirements and stepped up spending on infrastructure to shore up growth.
These efforts are already beginning to pay off as recent economic data out of the world's second-largest economy has improved over the past three months. Recent manufacturing surveys, for example, suggest growth will rebound to around 8% in 2013. This is good news for Chinese firms but it's even better news for companies in countries like Australia that are important suppliers of raw materials such as iron ore, coal and oil to the Chinese market.
Bob: What's your top high-yield international recommendation right now?
Elliott: One of my current favorites is Seadrill ( SDRL ) . Seadrill is a contract drilling firm that owns a fleet of 66 rigs used for drilling oil and gas offshore. Seadrill's fleet consists of 24 drillships and semisubmersible rigs used for drilling deepwater plays, 21 jackup rigs used for drilling in shallow water and 21 tender rigs used to conduct drilling from fixed or floating offshore platforms. Demand for deepwater drilling rigs has been robust over the past two years as major energy producers ramp up their activity in response to higher oil prices.
In addition, exploration success in regions including offshore Brazil, West Africa, the Gulf of Mexico and East Africa have encouraged further drilling activity and have led to a shortage of deepwater rigs, particularly those capable of handling depths of 10,000 feet or more. As a result, the dayrates for contract drillers has risen to as much as $650,000 per day for the most capable rigs, from around $450,000 per day in late 2010.
The market for jackup and tender rigs is also beginning to tighten. In particular, the market for premium deep water jackups capable of drilling in harsh environments such as the North Sea is now 95% utilized, meaning that virtually all rigs are currently drilling under a contract.
Seadrill contracts most of its rigs under longer-term deals that allow it to lock in fixed dayrates and generate a reliable stream ofcash flows to pay dividends. Currently, the stock pays adividend of 85 cents per quarter, equivalent to a yield of 9%. And with several new rigs currently under construction due to be delivered and placed under contract during the next few years, there's upside to those dividends over time.
And, since Seadrill is incorporated in Bermuda, there are no withholdingtaxes for U.S.-based investors. I'd be a buyer at any price under $45.
[Note: Elliott's addition to High-Yield International can't be overstated. I can't think of an analyst more prepared to take over what has become StreetAuthority's best-performing advisory (more than 90% of the portfolio holdings are showing a gain).
What Elliott will have is a tailwind. International stocks tend to pay higher yields than their U.S. counterparts. Consider this: Out of the 155 profitable companies that pay yields more than 12%, only 22 of them are located in the United States. That means more than 86% of the world's high yield opportunities are located overseas.
You can learn more about this phenomenon -- including the full list of 22 U.S. stocks paying 12% -- by following this link. ]
Is your bank one of the safest in America? According to Investing Answers analyst Sara Glakas, only 383 of them make the grade. Find out if your bank is on the list here.
How will silver fair in 2013? According to StreetAuthority analyst David Sterman, two major catalysts could push the metal to and beyond -- a 20% gain from where it is today. For more information about how we think silver will perform in the coming year, you can follow this link here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
© Copyright 2001-2016 StreetAuthority, LLC. All Rights Reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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One of his first international high-yield picks was global drinks giant Diageo ( DEO ) , which at the time yielded about 4%. Elliott's expertise and track record of success have also made him a sought-after speaker atinvesting conferences hosted by the American Association of Individual Investors (AAII) and others. The mission of High-Yield International is to bring readers the highest-yielding, fastest-growing -- and safest --investments outside the United States, carrying on a tradition of delivering market-beating returns.
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One of his first international high-yield picks was global drinks giant Diageo ( DEO ) , which at the time yielded about 4%. (Diageo has also been a top performer in High-Yield International's "Reliable Income" portfolio since February 2009.) For example, the European central bank's efforts to bring down borrowing costs in countries such as Italy and Spain is starting tobear fruit.
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One of his first international high-yield picks was global drinks giant Diageo ( DEO ) , which at the time yielded about 4%. StreetAuthority co-founder Paul Tracy -- an investing expert in his own right -- took the helm at High-Yield International two years ago. European stocks have underperformed stocks in the United States for nearly three years due to the ongoing financial crisis in countries like Greece, Portugal, Italy and Spain.
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One of his first international high-yield picks was global drinks giant Diageo ( DEO ) , which at the time yielded about 4%. I will be examining some of the best positioned income stocks in EU for the January issue of High-Yield International. Elliott: Now is the time to be focused on investing in foreign markets.
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2012-12-17 00:00:00 UTC
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Brown-Forman Winds Up Debt Offering - Analyst Blog
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https://www.nasdaq.com/articles/brown-forman-winds-up-debt-offering-analyst-blog-2012-12-17
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Recently, Brown-Forman Corporation ( BF.B ) - one of the leading producers and distributors of premium alcoholic beverages in the world - has completed the offering of $750 million senior unsecured notes. The debt offering has been completed on the scheduled date i.e. Dec 12, 2012.
According to the company, the notes have been offered in three different tranches having distinct maturity dates. The first $250 million notes, carrying an annual interest rate of 1.00%, will mature on January 15, 2018. Another $250 million worth of senior notes, which is issued at an annualized interest rate of 2.25%, is due on January 15, 2023. The last $250 million of notes carry an annual interest rate of 3.75% and maturity date of January 15, 2043.
A consortium of Barclays Capital Inc., Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, U.S. Bancorp Investments, Inc., Deutsche Bank Securities, Inc. and Wells Fargo Securities, LLC were the Underwriters of this issuance.
Management at Brown-Forman stated that the proceeds from the offering along with $100 million of cash on hand will be utilized to pay the special cash dividend of $4.00 per share, which brings the total dividend amount to approximately $850 million. The special cash dividend is separate from the company's regular quarterly dividend. Earlier on Nov 15, 2012, Brown-Forman announced an increase of 9.3% in its regular quarterly cash dividend to 25.5 cents per share, payable on Dec 16, 2012.
The company has a consistent track-record of returning cash to its shareholders in the form of share repurchase and dividend payment. Brown-Forman has paid quarterly cash dividends consecutively for the past 65 years and has been increasing it for the last 29 years. The company's recent dividend increase and special cash dividend reflects its commitment to enhance long-term value for shareholders. Through this, Brown-Forman also represents its ability to boost the long-term prospects for earnings as well as cash flows.
As of Oct 31, 2012, the company has a cash and cash equivalents of $368.5 million, long-term debt of $501.4 million and shareholders' equity of $2.305 billion. The current debt-to-capitalization ratio comes to 17.9%. However, after the completion of the debt offering, it will double to 35.2%. We believe that the debt-to-capitalization ratio, following the debt offering, will gradually decline in the long run owing to the company's consistent track-record of generating cash flows, which may be utilized to bring down debt.
Our Recommendation
We believe that Brown-Forman's strategy of expanding Jack Daniel's market share in developed markets, such as France and the U.S., and emerging markets including Russia, Poland and Mexico, where the whiskey category is in the early stages of development, will enhance its top line.
However, apart from macroeconomic headwinds, distilled spirits are subject to excise tax in various countries. Rising fiscal pressure in the U.S., European and many emerging markets may lead to increasing risk of a potential excise tax on spirits by the governments of respective countries. The effect of hike in excise tax in the future may have an adverse effect on Brown-Forman's financial performance.
Above all, the company faces intense competition from other well-established players in the industry, such as Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). Moreover, Brown-Forman encounters competition from local and regional players in the respective countries. Consequently, this may dent the company's future operating performance.
Currently, Brown-Forman has a Zacks #3 Rank, which implies a short-term Hold rating. Moreover, we maintain a long-term 'Neutral' recommendation on the stock.
Brown-Forman is one of the leading producers and distributors of premium alcoholic beverages in the world. The company has a strong portfolio of more than 25 premium brands, including Jack Daniel's - the flagship spirits brand - followed by Southern Comfort liqueur, Canadian Mist whiskey, Finlandia vodka as well as Fetzer and Korbel wine brands. Brown-Forman markets its products in more than 135 countries including, the U.S., UK, Australia, Mexico, Poland, Germany, France, Spain, Italy, South Africa, China, Japan, Canada, and the Russian Federation. The Louisville, Kentucky-based company also has 16 production and warehousing facilities spread across the U.S., Europe and Mexico.
BEAM INC (BEAM): Free Stock Analysis Report
BROWN FORMAN B (BF.B): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Above all, the company faces intense competition from other well-established players in the industry, such as Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Recently, Brown-Forman Corporation ( BF.B ) - one of the leading producers and distributors of premium alcoholic beverages in the world - has completed the offering of $750 million senior unsecured notes.
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BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Above all, the company faces intense competition from other well-established players in the industry, such as Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). Recently, Brown-Forman Corporation ( BF.B ) - one of the leading producers and distributors of premium alcoholic beverages in the world - has completed the offering of $750 million senior unsecured notes.
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Above all, the company faces intense competition from other well-established players in the industry, such as Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Management at Brown-Forman stated that the proceeds from the offering along with $100 million of cash on hand will be utilized to pay the special cash dividend of $4.00 per share, which brings the total dividend amount to approximately $850 million.
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Above all, the company faces intense competition from other well-established players in the industry, such as Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Recently, Brown-Forman Corporation ( BF.B ) - one of the leading producers and distributors of premium alcoholic beverages in the world - has completed the offering of $750 million senior unsecured notes.
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2012-12-13 00:00:00 UTC
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A Pair of Legitimate 2013 Takeover Targets
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https://www.nasdaq.com/articles/pair-legitimate-2013-takeover-targets-2012-12-13
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With a new year rapidly approaching, investors are making a variety of lists about what individual stocks, sectors and themes to keep an eye on in 2013. It feels like this is the case every December, but market participants are once again turning their attention to what companies will make credible takeover targets in 2013.
As been noted time and again, buying a company's shares simply because it is rumored to be an acquisition candidate is a flawed strategy. If that takeover does not come to fruition, investors can be left holding the bag on shares that fell victim to a "buy the rumor, sell the news" scenario.
Along those lines, conservative traders can use ETFs to make sectors bets on M&A activity . The rub there is that, just because one holding in a particular in an ETF gets bought at a 20 percent premium, that does not mean the ETF will jump that much.
Traders and investors need to be selective when it comes to playing the M&A waiting game. Here are some of the stocks that may not make it through 2013. For a good reason that is -- a takeover.
Cobalt International Energy (NYSE: CIE ) Shares of Cobalt have plunged this week after the company said it will sell $1.2 billion of convertible senior notes due 2019. Those notes can be converted into Cobalt common stock at $35.68 per share, which is well above where the stock currently resides, but the dilution suffered by current investors was met with an unfavorable reaction.
Looking forward, Cobalt is viewed as one of the better ways for U.S. investors to get exposure to Angola's soaring oil production . That alone makes the company a valid takeover target because Angola, an OPEC member, is one of Africa's largest oil producers.
To that end, Cobalt has been mentioned as an acquisition candidates. Last year, BHP Billiton (NYSE: BHP ) was rumored to be interested, but the world's largest mining company is seemingly tied to every materials sector takeover rumor. Last week, Chevron (NYSE: CVX ) was mentioned as a possible suitor for Cobalt, in a Bloomberg report .
Something to note: Goldman Sachs (NYSE: GS ) is a Cobalt shareholder . It is a foregone conclusion that the bank would love to turn a nice takeover-inflated profit on that investment.
Beam (NYSE: BEAM ) The maker of its namesake whiskey and other popular brands such as Makers Mark, Sauza, Courvoisier and Canadian Club has spent time in the takeover rumor mill. The rumor floated in 2011, but obviously nothing came to fruition.
That rumor has gained steam again recently, particularly after Diageo (NYSE: DEO ) dropped its bid to acquire Cuervo tequila. Not only did Diageo do that, but it is believed the U.K.-based company will end its Cuervo distribution agreement. That leaves Diageo with no tequila exposure at a time when the beverage is one of the fastest-growing segments of the spirits market.
Beam has a tequila brand in Sauza. Diageo could afford to acquire Beam and there are reports of a possible partnership between Japan's Suntory and Diageo to make a run at Beam.
Beam is up almost 13 percent in the past month and that might be the signal that a takeover bid is imminent. It may also be a sign that the premium the acquirer will pay is not much beyond current levels.
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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That rumor has gained steam again recently, particularly after Diageo (NYSE: DEO ) dropped its bid to acquire Cuervo tequila. With a new year rapidly approaching, investors are making a variety of lists about what individual stocks, sectors and themes to keep an eye on in 2013. It feels like this is the case every December, but market participants are once again turning their attention to what companies will make credible takeover targets in 2013.
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That rumor has gained steam again recently, particularly after Diageo (NYSE: DEO ) dropped its bid to acquire Cuervo tequila. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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That rumor has gained steam again recently, particularly after Diageo (NYSE: DEO ) dropped its bid to acquire Cuervo tequila. Cobalt International Energy (NYSE: CIE ) Shares of Cobalt have plunged this week after the company said it will sell $1.2 billion of convertible senior notes due 2019. Last year, BHP Billiton (NYSE: BHP ) was rumored to be interested, but the world's largest mining company is seemingly tied to every materials sector takeover rumor.
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That rumor has gained steam again recently, particularly after Diageo (NYSE: DEO ) dropped its bid to acquire Cuervo tequila. Here are some of the stocks that may not make it through 2013. Cobalt International Energy (NYSE: CIE ) Shares of Cobalt have plunged this week after the company said it will sell $1.2 billion of convertible senior notes due 2019.
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2012-12-11 00:00:00 UTC
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Brown-Forman to Issue Notes - Analyst Blog
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https://www.nasdaq.com/articles/brown-forman-to-issue-notes-analyst-blog-2012-12-11
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nan
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Recently, Brown-Forman Corporation ( BF.B ) - one of the leading producers and distributors of premium alcoholic beverages in the world - announced that it has completed the pricing of $750 million senior unsecured notes offering. Further, it is anticipated that the debt offering will be completed on December 12, 2012.
According to the company, the notes will be offered in three different tranches having distinct maturity dates. The first $250 million notes, carrying an annual interest rate of 1.00%, will mature on January 15, 2018. Another $250 million worth of senior notes, which will be issued at an annualized interest rate of 2.25%, are due on January 15, 2023. The last $250 million of notes will carry an annual interest rate of 3.75% and maturity date of January 15, 2043.
A consortium of Barclays Capital Inc., Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, U.S. Bancorp Investments, Inc., Deutsche Bank Securities, Inc. and Wells Fargo Securities, LLC are the Underwriters of this issuance.
Management at Brown-Forman stated that the proceeds from the offering along with $100 million of cash on hand will be utilized to pay the special cash dividend of $4.00 per share, which comes to approximately $850 million. The special cash dividend is separate from the company's regular quarterly dividend. Earlier on Nov 15, 2012, Brown-Forman announced an increase of 9.3% in its regular quarterly cash dividend to 25.5 cents per share, payable on Dec 16, 2012.
The company has a consistent track-record of returning cash to its shareholders in the form of share repurchase and dividend payment. Brown-Forman has paid quarterly cash dividends consecutively for the past 65 years and has been increasing it for the last 29 years. The company's recent dividend increase and special cash dividend reflects its commitment to enhance long-term value for shareholders. Through this, Brown-Forman also represents its ability to boost the long-term prospects for earnings as well as cash flows.
As of Oct 31, 2012, the company has a cash and cash equivalents of $368.5 million, long-term debt of $501.4 million and shareholders' equity of $2.305 billion. The current debt-to-capitalization ratio comes to 17.9%. However, after the completion of the debt offering, it will double to 35.2%. We believe that debt-to-capitalization ratio, following the debt offering, will gradually decline in the long run owing to the company's consistent track-record of generating cash flows, which may be utilize to bring down debt.
Our Recommendation
We believe that Brown-Forman's strategy of expanding Jack Daniel's market share in developed markets, such as France and the U.S., and emerging markets including Russia, Poland and Mexico, where the whiskey category is in the early stages of development, will enhance its top line.
However, apart from macroeconomic headwinds, distilled spirits are subject to excise tax in various countries. Rising fiscal pressure in the U.S., European and many emerging markets may lead to increasing risk of a potential excise tax on spirits by the governments of respective countries. The effect of hike in excise tax in the future may have an adverse effect on Brown-Forman's financial performance.
Above all, the company faces intense competition from other well-established players in the industry, such as Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). Moreover, Brown-Forman encounters competition from local and regional players in the respective countries. Consequently, this may dent the company's future operating performance.
Currently, Brown-Forman has a Zacks #3 Rank, which implies a short-term Hold rating. Moreover, we maintain a long-term 'Neutral' recommendation on the stock.
Brown-Forman is one of the leading producers and distributors of premium alcoholic beverages in the world. The company has a strong portfolio of more than 25 premium brands, including Jack Daniel's - the flagship spirits brand - followed by Southern Comfort liqueur, Canadian Mist whiskey, Finlandia vodka as well as Fetzer and Korbel wine brands. Brown-Forman markets its products in more than 135 countries including, the U.S., UK, Australia, Mexico, Poland, Germany, France, Spain, Italy, South Africa, China, Japan, Canada, and the Russian Federation. The Louisville, Kentucky-based company also has 16 production and warehousing facilities spread across the U.S., Europe and Mexico.
BEAM INC (BEAM): Free Stock Analysis Report
BROWN FORMAN B (BF.B): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Above all, the company faces intense competition from other well-established players in the industry, such as Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Recently, Brown-Forman Corporation ( BF.B ) - one of the leading producers and distributors of premium alcoholic beverages in the world - announced that it has completed the pricing of $750 million senior unsecured notes offering.
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BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Above all, the company faces intense competition from other well-established players in the industry, such as Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). The company's recent dividend increase and special cash dividend reflects its commitment to enhance long-term value for shareholders.
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BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Above all, the company faces intense competition from other well-established players in the industry, such as Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). Management at Brown-Forman stated that the proceeds from the offering along with $100 million of cash on hand will be utilized to pay the special cash dividend of $4.00 per share, which comes to approximately $850 million.
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Above all, the company faces intense competition from other well-established players in the industry, such as Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Recently, Brown-Forman Corporation ( BF.B ) - one of the leading producers and distributors of premium alcoholic beverages in the world - announced that it has completed the pricing of $750 million senior unsecured notes offering.
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2012-12-11 00:00:00 UTC
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Diageo Renews Distribution Deals - Analyst Blog
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https://www.nasdaq.com/articles/diageo-renews-distribution-deals-analyst-blog-2012-12-11
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nan
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British distiller Diageo PLC ( DEO ) has announced its decision to renew its distribution agreements with Minnesota-based broker United Brokerage, Inc. and privately-owned wholesaler of wine and spirits Johnson Brothers.
As per the agreements, Johnson Brothers will continue to remain the exclusive distributor of Diageo brands of wines and spirits in North Dakota and South Dakota. The company will also remain the distributor of Diageo wines in Minnesota. On the other hand, United Brokerage will continue to be the exclusive broker for Diageo Spirits in Minnesota.
In mid-November, Diageo and India's largest spirits company United Spirits Ltd. also entered into an agreement. Per the agreement, Diageo will acquire a 53.4% stake in United Spirits for 1.285 billion pounds ($2.05 billion) in order to venture into the fast growing alcohol market in India. The deal is expected to close in the first quarter of 2013.
London-based Diageo, whose brands include Johnnie Walker, Smirnoff and Guinness, has been exploring opportunities to expand geographically through acquisitions, within its financial strength. The company has acquired firms with strong indigenous presence like Mey Içki in Turkey, ShuiJingFang in China and Halico in Vietnam in fiscal 2012.
Also in June, Diageo bought Cabin Fever Maple Flavored Whiskey in order to tap the growing markets of flavored whiskey and craft distilling. The renewed agreements with Johnson Brothers and United Brokerage will also strengthen its position in these three states, going ahead.
Diageo currently carries a Zacks #3 Rank (short term Hold rating). We have a Neutral recommendation on the stock.
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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British distiller Diageo PLC ( DEO ) has announced its decision to renew its distribution agreements with Minnesota-based broker United Brokerage, Inc. and privately-owned wholesaler of wine and spirits Johnson Brothers. DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. London-based Diageo, whose brands include Johnnie Walker, Smirnoff and Guinness, has been exploring opportunities to expand geographically through acquisitions, within its financial strength.
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British distiller Diageo PLC ( DEO ) has announced its decision to renew its distribution agreements with Minnesota-based broker United Brokerage, Inc. and privately-owned wholesaler of wine and spirits Johnson Brothers. DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. As per the agreements, Johnson Brothers will continue to remain the exclusive distributor of Diageo brands of wines and spirits in North Dakota and South Dakota.
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British distiller Diageo PLC ( DEO ) has announced its decision to renew its distribution agreements with Minnesota-based broker United Brokerage, Inc. and privately-owned wholesaler of wine and spirits Johnson Brothers. DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. As per the agreements, Johnson Brothers will continue to remain the exclusive distributor of Diageo brands of wines and spirits in North Dakota and South Dakota.
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British distiller Diageo PLC ( DEO ) has announced its decision to renew its distribution agreements with Minnesota-based broker United Brokerage, Inc. and privately-owned wholesaler of wine and spirits Johnson Brothers. DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. As per the agreements, Johnson Brothers will continue to remain the exclusive distributor of Diageo brands of wines and spirits in North Dakota and South Dakota.
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2012-12-06 00:00:00 UTC
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Brown-Forman Beats, Guides High - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/brown-forman-beats-guides-high-analyst-blog-2012-12-06
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nan
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nan
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Brown-Forman Corporation 's ( BF.B ) fiscal second quarter 2013 (ended October 31, 2012) earnings of 80 cents a share came ahead of the Zacks Consensus Estimate of 78 cents and jumped 11% from 73 cents reported in the comparable prior-year quarter.
However, net sales remained flat on a year-over-year basis at $1,013.8 million as adverse currency exchange rates and spin-off of Hopland wine business more than offset the positives from price increases and volume gains. On an underlying basis, the company's net sales increased 6%. However, the quarterly sales were well above the Zacks Consensus Estimate of $788 million.
During the quarter, Brown-Forman's gross profit increased 4% to $524.5 million from $501.9 million reported in the year-ago quarter, primarily due to lower input costs. Consequently, gross margin expanded 222 basis points (bps) to 51.7% compared with 49.5% in the prior-year period.
Selling, general, and administrative expenses (SG&A) increased 8% from the last quarter to $159.1, while SG&A as a percentage of sales increased 121 basis points to 15.7%. Advertising expenses remained flat at $106.6 million.
Operating profit during the quarter climbed 7% to $262.3 million from $246.3 million in the prior-year period, primarily driven by improved gross profit, partially offset by increased SG&A expenses. Consequently, operating margin expanded 157 bps to 25.9% compared with 24.3% in the year-ago quarter.
Balance Sheet & Cash Flow
Brown-Forman ended the quarter with cash and cash equivalents of $368.5 million and long-term debt of $501.4 million. Year-to-date, Brown-Forman generated $164.7 million of cash from operations and deployed $99.5 million for dividend payout.
Guidance Raised
Moving forward, Brown-Forman raised its outlook for fiscal 2013. It now expects fiscal 2013 earnings in the range of $2.58-$2.70 per share, up from its earlier guidance of $2.40-$2.67.
Also, the company anticipates gross margins to improve in fiscal 2013 and consequently raised its forecast for operating income. The company now expects operating income to increase in low double-digits. Moreover, underlying sales are expected to increase in high single-digit.
Currently, Brown-Forman, which competes with Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ), has a Zacks #1 Rank, implying a short-term 'Strong Buy' rating. However, we maintain a long-term 'Neutral' recommendation on the stock.
BROWN FORMAN B (BF.B): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Currently, Brown-Forman, which competes with Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ), has a Zacks #1 Rank, implying a short-term 'Strong Buy' rating. BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. However, net sales remained flat on a year-over-year basis at $1,013.8 million as adverse currency exchange rates and spin-off of Hopland wine business more than offset the positives from price increases and volume gains.
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BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. Currently, Brown-Forman, which competes with Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ), has a Zacks #1 Rank, implying a short-term 'Strong Buy' rating. During the quarter, Brown-Forman's gross profit increased 4% to $524.5 million from $501.9 million reported in the year-ago quarter, primarily due to lower input costs.
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Currently, Brown-Forman, which competes with Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ), has a Zacks #1 Rank, implying a short-term 'Strong Buy' rating. BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. Brown-Forman Corporation 's ( BF.B ) fiscal second quarter 2013 (ended October 31, 2012) earnings of 80 cents a share came ahead of the Zacks Consensus Estimate of 78 cents and jumped 11% from 73 cents reported in the comparable prior-year quarter.
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Currently, Brown-Forman, which competes with Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ), has a Zacks #1 Rank, implying a short-term 'Strong Buy' rating. BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. On an underlying basis, the company's net sales increased 6%.
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2012-11-20 00:00:00 UTC
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A Wealth Cycle for the Ages
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DEO
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https://www.nasdaq.com/articles/wealth-cycle-ages-2012-11-20
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nan
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nan
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Here's the question I asked all of our strategists recently: What's the single stock you would buy now if you knew that the next thousand trading days would turn out to be awash for the broadermarket ? In other words, what stocks will rise, even if the market is flat?
That's been the topic of conversation recently after one of our researchers came across a chart of the "17.6-year wealth cycle."
Have you heard about this phenomenon?
Here's the premise: Every 17 to 18 years the stock market shifts gears, going from a period of sideways movement to abull market .
Then the pattern repeats.
And then it repeats again. On average, it's 17.6 years when not much of anything happens to the broad market, followed by 17.6 years of better-than-average returns. Supposedly, this has been going on for more than a century.
I was skeptical. Who wouldn't be?
After more than three decades in the markets, I've seen more than my share of "can't miss" indicators.
Some market predictors are better than others, but sooner or later they all prove fallible.
That's why I was hesitant when I first heard about the alleged "17.6-year wealth cycle." Then I saw the chart below...
As you can see, the cycles occur virtually on cue, going back 112 years to 1900.
The credit for first spotting this pattern reportedly goes to Art Cashin, director of floor operations for UBS Financial Services and a frequent CNBC market commentator.
When stocks are in the growth cycle, Cashin says, "You can pick almost any stock you want and it will go up."
But if the past is any indicator, you can see in the upper right-hand portion of the chart that there's likely a little more sideways movement to play out in the current cycle -- about four years, or a thousand trading days.
There are always profits to be made, of course, even in the sideways cycles. To name just a couple recent ones: The Daily Paycheck's Amy Calistri booked a gain of 29.8% since April in the country's largest newspaper company, Gannett ( GCI ) , and High-Yield International's Paul Tracy is celebrating a 31.9% year-to-date increase in Diageo ( DEO ) , the London-based distiller.
Overall, however, the pickings are slimmer in the "lean" times. Since 2000, the beginning of the current cycle, the Dow Jones Industrial Average has risen by a paltry 7%, for a meager gain of just 0.5% annually.
Hence, my aforementioned challenge to the StreetAuthority experts. What can our readers invest in right now, as we head into the final stretch of this sideways market? Or, put another way, whatinvestments look particularly attractive heading into the next "fat" cycle?
Their recommendations ranged from deeply discounted blue-chips to a unique stock that essentially acts as ahedge fund , letting investors tap into a luxury usually reserved for millionaires.
But one of the most intriguing "cycle" picks came from Nathan Slaughter, stockmarket strategist for Scarcity & Real Wealth .
Nathan recommended a pure play on the fledgling U.S. housing recovery. This is a company whoseshares are changing hands at less than a third of what they were fetching five years ago.
A big reason for Nathan's vote of confidence is the unique characteristic of this company's core product: wood.
"The housing bust and subsequent slump in new home construction put a severe dent in demand for lumber, which meant fewer logs being hauled out of the nation's forests. For other companies, these types of slowdowns oftenmean thatinventory is collecting dust in a warehouse somewhere, resulting in damagingasset write-downs.
"But when a timber company sees orders dry up, it simply defers its harvest. The 'inventory' remains standing and is allowed to grow larger (and more valuable) with each passing year. So during the lean times, a timber company may see a temporary dip inaccounting profits. But the intrinsicnet worth of the business (the value of its trees) continues to grow.
"And those sales aren't lost -- they are simply delayed until demand returns. When that day comes, the unharvested acreage will contain bigger trees that fetch even greater profits than before. I believe that time is now."
The company: Weyerhaeuser ( WY ) , areal estate investment trust (REIT) with interests in wood products andreal estate in addition to timberland. This afternoon, Weyerhaeuser closed at $25.38 a share; Nathan sees the stock retaking $40 -- with a bona fide shot at $50 -- within the next few years as pent-up housing demand gets satisfied.
Nathan's full write-up on Weyerhaeuser -- along with separate "wealth cycle" picks from Amy, Paul, Andy Obermueller and Carla Pasternak -- are being made available to new and existing members of StreetAuthority's Lifetime Wealth Alliance.
If you haven't heard of the Lifetime Wealth Alliance, it's StreetAuthority's exclusiveinvestment club that offers access to all current and future advisories and special reports for a one-time fee.
On November 30 , StreetAuthority plans to drastically increase the price of this service for new members.
But for the next few days you can still lock in the current price... access all of StreetAuthority's publications... learn all the details about the 17.6-year cycle... and receive the favorite pick of each editor for the next 1,000 days. Follow this link to learn more about this opportunity, including more details about the 17.6-year cycle.
I just told you about my shot at the StreetAuthority stock market strategists -- now it's your turn.
If you have aninvestment question for any of our experts, please send me a note at askanexpert@streetauthority.com . I can't promise a personal response but we'll do our best to address those questions of greatest interest to our readership as a whole. Please include your first name and last initial, and where you live.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
© Copyright 2001-2016 StreetAuthority, LLC. All Rights Reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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To name just a couple recent ones: The Daily Paycheck's Amy Calistri booked a gain of 29.8% since April in the country's largest newspaper company, Gannett ( GCI ) , and High-Yield International's Paul Tracy is celebrating a 31.9% year-to-date increase in Diageo ( DEO ) , the London-based distiller. Their recommendations ranged from deeply discounted blue-chips to a unique stock that essentially acts as ahedge fund , letting investors tap into a luxury usually reserved for millionaires. "The housing bust and subsequent slump in new home construction put a severe dent in demand for lumber, which meant fewer logs being hauled out of the nation's forests.
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To name just a couple recent ones: The Daily Paycheck's Amy Calistri booked a gain of 29.8% since April in the country's largest newspaper company, Gannett ( GCI ) , and High-Yield International's Paul Tracy is celebrating a 31.9% year-to-date increase in Diageo ( DEO ) , the London-based distiller. But if the past is any indicator, you can see in the upper right-hand portion of the chart that there's likely a little more sideways movement to play out in the current cycle -- about four years, or a thousand trading days. The company: Weyerhaeuser ( WY ) , areal estate investment trust (REIT) with interests in wood products andreal estate in addition to timberland.
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To name just a couple recent ones: The Daily Paycheck's Amy Calistri booked a gain of 29.8% since April in the country's largest newspaper company, Gannett ( GCI ) , and High-Yield International's Paul Tracy is celebrating a 31.9% year-to-date increase in Diageo ( DEO ) , the London-based distiller. Here's the premise: Every 17 to 18 years the stock market shifts gears, going from a period of sideways movement to abull market . Nathan's full write-up on Weyerhaeuser -- along with separate "wealth cycle" picks from Amy, Paul, Andy Obermueller and Carla Pasternak -- are being made available to new and existing members of StreetAuthority's Lifetime Wealth Alliance.
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To name just a couple recent ones: The Daily Paycheck's Amy Calistri booked a gain of 29.8% since April in the country's largest newspaper company, Gannett ( GCI ) , and High-Yield International's Paul Tracy is celebrating a 31.9% year-to-date increase in Diageo ( DEO ) , the London-based distiller. On average, it's 17.6 years when not much of anything happens to the broad market, followed by 17.6 years of better-than-average returns. When stocks are in the growth cycle, Cashin says, "You can pick almost any stock you want and it will go up."
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2012-11-13 00:00:00 UTC
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Wallace Weitz Reports Q3 Porfolio Updates: Top Reductions in GOOG, EXP and CMCSK
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DEO
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https://www.nasdaq.com/articles/wallace-weitz-reports-q3-porfolio-updates-top-reductions-goog-exp-and-cmcsk-2012-11-13
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nan
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nan
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Omaha-based Weitz Funds, managed by its president and founder, Wallace Weitz , recently updated its portfolio with a total of 18 third quarter transactions, 9 of which were reductions.
The three reductions within the quarter that made the most impact to Weitz's portfolio were Google Inc. ( GOOG ), Eagle Materials Inc. ( EXP ) and Comcast Corp. ( CMCSK ).
Having been in business for almost three decades, the Weitz Funds relies highly on the renowned investment terms such as "margin of safety" and "circle of competence." Familiarity with the company or industry is key when Weitz analysts seek prospective stocks as well as determining a company's value through its estimated future free cash flows.
In the Weitz Funds' third quarter shareholder letter, which was penned by Weitz and fellow fund portfolio manager Bradley Hinton, the following statement expressed one aspect of the fund's valuation methods: "Our selling is driven by valuation levels, not a "market timing" call... this exposes our funds to the risk of under-performing the market over the near term, but we believe that being disciplined and price-sensitive is an important part of our investment process."
Besides a stock's market price, Weitz makes sure to forecast a company's cash flow for several years because it shows "how wisely management re-invests the capital" that the business generates, according to its website philosophy description.
As of Sept. 30, Wallace Weitz owns 62 stocks with a total value of $2.1 million. These are the sector weightings of the firm's portfolio:
In addition to the nine reductions, Wallace Weitz 's portfolio updates included complete sells of all current shares with five companies, one add and three new buys.
Google Inc. ( GOOG )
Wallace Weitz reduced 28.92 percent of his stake of Google inc. ( GOOG ) in the third quarter. The impact to their portfolio due to this sale was 0.98 percent, and left Wallace Weitz with a total holding of 91,189 shares.
Google is currently selling at $663.81 per share, and has a market cap of $216.83 billion, a P/E (ttm) ratio of 20.5, a P/S ratio of 5.7 and a P/B ratio of 3.2. Its P/S ratio is close to its one-year high.
Expanding search-engine site Google has a Business Predictability rank of 2.5 out of 5 stars, a Financial Strength of 9 out of 10 and a Profitability and Growth rank of 9 out of 10 on GuruFocus.
Eagle Materials Inc. ( EXP )
Dallas-based Eagle Materials Inc. ( EXP ) is a company that manufactures building materials including Portland cement, concrete and aggregates, gypsum wallboard and recycled paperboard.
Wallace Weitz reduced its shares of Eagle Materials by 90.99 percent, which impacted its portfolio by 1.27 percent.
Eagle Materials has a Business Predictability rank of 1 out of 5 stars, reflective of its unsteady revenue over the past couple of years.
Wallace Weitz first introduced the stock to his portfolio since the third quarter of 2007 starting off with a little over 25,000 shares. After this recent transaction, Weitz now sits with 72,000 shares.
With a stock dividend yield of 0.8 percent, Eagle Materials is close to its five-year low. Its market price of $52.68 is at its five-year high; its P/E, P/B and P/S ratios are all experiencing highs as well.
Comcast Corp. ( CMCSK )
In Wallace Weitz's third quarter shareholder letter, it stated:
"Investors do not want to be "left out" of a rising market. In fact, many professional money managers face 'career risk' if they under-perform their benchmark as a result of being less than fully-invested. As a result, they often turn to the most "conservative" stocks that are available to them. We have seen signs of this as consumer staples and other 'defensive' stocks have generally out-performed the more cyclical and leveraged issues. Anheuser-Busch ( BUD ) (beer), Diageo ( DEO ) (spirits), and Comcast (CCS) (cable TV and NBC Universal) have been beneficiaries of this phenomenon and as a result their stocks have moved above 90% of our base case valuations. These are great companies, but to paraphrase Ben Graham, 'At too high a price, even the stock of a great business becomes a speculation.'"
CMCSK data by GuruFocus.com
Broadband cable, e-commerce and television programming company Comcast Corp. ( CMCSK ) is selling close to its 10-year high. Its market price is $35.39 per share, with consistently growing revenue and operating margin, as well as a P/E and P/S ratio close to its two- and three-year lows.
With a Business Predictability rank of 4 out of 5 stars, Comcast has a Profitability and Growth rank of 9 out of 10 and a Financial Strength rank of 5 out of 10.
View the rest of Wallace Weitz's third quarter portfolio updates here. Also view Weitz's current portfolio details as well as other Wallace Weitz articles in GuruFocus' archives.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Anheuser-Busch ( BUD ) (beer), Diageo ( DEO ) (spirits), and Comcast (CCS) (cable TV and NBC Universal) have been beneficiaries of this phenomenon and as a result their stocks have moved above 90% of our base case valuations. Having been in business for almost three decades, the Weitz Funds relies highly on the renowned investment terms such as "margin of safety" and "circle of competence." Besides a stock's market price, Weitz makes sure to forecast a company's cash flow for several years because it shows "how wisely management re-invests the capital" that the business generates, according to its website philosophy description.
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Anheuser-Busch ( BUD ) (beer), Diageo ( DEO ) (spirits), and Comcast (CCS) (cable TV and NBC Universal) have been beneficiaries of this phenomenon and as a result their stocks have moved above 90% of our base case valuations. The three reductions within the quarter that made the most impact to Weitz's portfolio were Google Inc. ( GOOG ), Eagle Materials Inc. ( EXP ) and Comcast Corp. ( CMCSK ). These are the sector weightings of the firm's portfolio: In addition to the nine reductions, Wallace Weitz 's portfolio updates included complete sells of all current shares with five companies, one add and three new buys.
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Anheuser-Busch ( BUD ) (beer), Diageo ( DEO ) (spirits), and Comcast (CCS) (cable TV and NBC Universal) have been beneficiaries of this phenomenon and as a result their stocks have moved above 90% of our base case valuations. Omaha-based Weitz Funds, managed by its president and founder, Wallace Weitz , recently updated its portfolio with a total of 18 third quarter transactions, 9 of which were reductions. In the Weitz Funds' third quarter shareholder letter, which was penned by Weitz and fellow fund portfolio manager Bradley Hinton, the following statement expressed one aspect of the fund's valuation methods: "Our selling is driven by valuation levels, not a "market timing" call... this exposes our funds to the risk of under-performing the market over the near term, but we believe that being disciplined and price-sensitive is an important part of our investment process."
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Anheuser-Busch ( BUD ) (beer), Diageo ( DEO ) (spirits), and Comcast (CCS) (cable TV and NBC Universal) have been beneficiaries of this phenomenon and as a result their stocks have moved above 90% of our base case valuations. The three reductions within the quarter that made the most impact to Weitz's portfolio were Google Inc. ( GOOG ), Eagle Materials Inc. ( EXP ) and Comcast Corp. ( CMCSK ). Its market price of $52.68 is at its five-year high; its P/E, P/B and P/S ratios are all experiencing highs as well.
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2012-11-08 00:00:00 UTC
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Whiskey Stocks to Burn the Throat: Beam, Brown-Foreman and Diageo
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DEO
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https://www.nasdaq.com/articles/whiskey-stocks-burn-throat-beam-brown-foreman-and-diageo-2012-11-08
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nan
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Submitted by Sizemore Investment Letter as part of our contributors program
In the whiskey swilling days of my youth, I always preferred Jack Daniel's Tennessee Whiskey to Jim Beam Kentucky Bourbon. I was far from a whiskey connoisseur, but it just seemed to go down smoother.
Regrettably, I'm not as young as I used to be and, to quote Hank Williams, Jr., "corn bread and iced tea have taken the place of pills and 90 proof." All my rowdy friends have, alas, settled down.
Today, when I want a good North American whiskey I'm more likely to pour myself a Crown Royal or a Maker's Mark on the rocks. My drinking habits have crawled out of the backwoods and gone bourgeoisie.
The market for North American whiskies (defined for the purposes of this article as Kentucky bourbon, Tennessee whiskey, Canadian whiskey and rye) has been transformed in recent decades. Following the general trend of other popular spirits, it's gone upmarket and international. Most popular brands are owned by a handful of international spirits groups: Beam Inc ( BEAM ), Brown-Foreman Company (NYSE: BF-B) and Diageo PLC ( DEO ) .
We'll start with Beam, which is the purest play on Bourbon. Beam is the owner of the mainstream Jim Beam brand, as well as the higher-end Maker's Mark and Knob Creek and the lower-end Old Crow. But Beam's offering are not limited to Bourbon; the company also markets Canadian Club Canadian whiskey, Teacher's scotch whisky, Sauza tequila, and Courvoisier cognac, among other smaller brands. And perhaps denting the company's macho image a little, it is also the owner of Skinnygirl.
Brown-Foreman is best known for one brand-Jack Daniels Tennessee Whiskey-though it too has a diverse lineup of names, including El Jimador tequila, Finlandia vodka and Southern Comfort, as well as several smaller brands.
Diageo is the largest of the three and the least dependent on North American whiskey. Diageo owns the Crown Royal Canadian whiskey and Seagrams American whiskey brands, though it is far more famous for its Johnny Walker scotch, Smirnoff, Ciroc and Ketel One vodkas, Captain Morgan rum and Jose Cuervo tequila among many, MANY other brands. Diageo is the largest and most diversified spirits group in the world.
One thing you will quickly notice is that none of the whiskey distillers are cheap. All trade for well over 20 times trailing earnings, and only Diageo trades for less than 20 times expected earnings for next year. None are particularly high dividend yielders either, though Diageo can make the proud claim of being an International Dividend Achiever. (International Dividend Achievers much have at least five years of continuously rising dividends.)
While the high prices are something of a put-off, they are not entirely unjustified. The premium spirits business has been a rare source of growth in recent years, much of which has been generated by rising sales to emerging market consumers and particularly Chinese consumers. In fact, Diageo has been a core holding of the Sizemore Investment Letter for years for this very reason.
Beam also beat analyst estimates last week with a blow-out quarter. Beam has had a good run since its split from Fortune Brands last year, and I expect more good results to come.
Another reason for the lofty valuations is the consolidation that is still taking place in the industry. Beam and Brown-Foreman are in a sweet spot in that they are large enough to be taken seriously in a cutthroat market yet small enough to still be considered as possible acquisitions by a Diageo or Pernod Ricard. Beam and Brown-Foreman have market caps of $9 billion and $14 billion, respectively, whereas Diageo weighs in at $72 billion. Neither would be an easy acquisition for Diageo, but the belief that the company might be interested has been enough to maintain a premium price on the would-be acquisitions.
For investors, it comes down to a very simple question: what are you looking for in an investment?
In Diageo, you have a massive, internationally-diversified group that gets roughly 40% of its revenues from emerging markets. Though I might prefer to buy it at a slightly cheaper valuation than I see today, this is the kind of stock you can buy, tuck into a drawer, and forget about. It should be a solid dividend producer (and grower) for decades.
Your motivations for buying one of the other two would be quite different given their relative sizes. Of the two, I would go with Beam. In Beam, you have a company that was recently spun off from a larger conglomerate (Fortune Brands) that made no sense, and a management team that is eager to prove what an independent Beam can do. Hedge fund superstar Joel Greenblatt has written volumes on the virtues of investing in spinoffs, and I am inclined to agree with him.
This is not to say I am bearish on Brown-Foreman, but of the three whiskey distillers discussed in this article I find it to be the least compelling of the lot.
Disclosures: Sizemore Capital is long BEAM and DEO.
The post Whiskey Stocks to Burn the Throat: Beam, Brown-Foreman and Diageo appeared first on Sizemore Insights.
Related posts:
Whiskey and Beer Better Long-Term Bets than Wine
Diageo: The Ultimate 12- to 18-Year Play
Not All Sin Stocks are Created Equal
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Most popular brands are owned by a handful of international spirits groups: Beam Inc ( BEAM ), Brown-Foreman Company (NYSE: BF-B) and Diageo PLC ( DEO ) . Disclosures: Sizemore Capital is long BEAM and DEO. Regrettably, I'm not as young as I used to be and, to quote Hank Williams, Jr., "corn bread and iced tea have taken the place of pills and 90 proof."
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Most popular brands are owned by a handful of international spirits groups: Beam Inc ( BEAM ), Brown-Foreman Company (NYSE: BF-B) and Diageo PLC ( DEO ) . Disclosures: Sizemore Capital is long BEAM and DEO. Submitted by Sizemore Investment Letter as part of our contributors program In the whiskey swilling days of my youth, I always preferred Jack Daniel's Tennessee Whiskey to Jim Beam Kentucky Bourbon.
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Most popular brands are owned by a handful of international spirits groups: Beam Inc ( BEAM ), Brown-Foreman Company (NYSE: BF-B) and Diageo PLC ( DEO ) . Disclosures: Sizemore Capital is long BEAM and DEO. Submitted by Sizemore Investment Letter as part of our contributors program In the whiskey swilling days of my youth, I always preferred Jack Daniel's Tennessee Whiskey to Jim Beam Kentucky Bourbon.
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Most popular brands are owned by a handful of international spirits groups: Beam Inc ( BEAM ), Brown-Foreman Company (NYSE: BF-B) and Diageo PLC ( DEO ) . Disclosures: Sizemore Capital is long BEAM and DEO. The market for North American whiskies (defined for the purposes of this article as Kentucky bourbon, Tennessee whiskey, Canadian whiskey and rye) has been transformed in recent decades.
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2012-11-08 00:00:00 UTC
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Tom Gayner's Top Sells for the Third Quarter: WU, VAC, MO
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https://www.nasdaq.com/articles/tom-gayners-top-sells-third-quarter-wu-vac-mo-2012-11-08
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Tom Gayner , chief investment officer of financial holding company, Markel Corp. ( MKL ), has updated his portfolio for the third quarter ending Sept. 30, introducing nine companies to his portfolio, adding to current shares of seven stocks, reducing one stock and completely selling all of his shares of 12 companies - a total of 29 transactions.
Gayner's portfolio has an equity value of $2.34 billion and contains 98 stocks. Gayner invests in stocks based on the worth of its present value of future cash flows. He also sums up what he looks for in any investment under four qualities: 1) a profitable business, 2) a solid management team, 3) good reinvestment opportunities such as positive returns on capital, and lastly, 4) a fair or better purchase.
The top sectors represented in Gayner's portfolio are financials, industrials, consumer goods and consumer services. Its top three holdings to date are: CarMax Inc. ( KMX ) at 6.2 percent ownership, Berkshire Hathaway Inc. ( BRK.A ) at 6.1 percent ownership and Diageo PLC ( DEO ) at 6 percent ownership.
Below are three companies among the stocks of which he completely sold out in the third quarter that made the most impact to his portfolio: Western Union Co. ( WCU ), Marriott Vacations Worldwide Corp. ( VAC ) and Altria Group Inc. ( MO ).
Western Union Co. ( WCU )
The transaction to sell all of Gayner's Western Union Co. ( WCU ) shares impacted his portfolio by 0.30 percent.
Headquartered in Colorado, Western Union is involved in the business of money transfers, business services and commercial services.
Recently, Western Union's market price underwent an eye-opening plunge, trading at about $17 on Oct. 30, and then dropping to about $12 the following day.
On the same day of the price drop, which also happened to be the day after fierce storm, Hurricane Sandy, wreaked havoc in the east coast, Western Union announced in a press release a series of disaster relief efforts.
The efforts included giving away $75,000 worth of grants to organizations supporting disaster relief efforts, enabling a "no transfer fee" program to all of its consumers available through Nov. 30, and a donation initiative through the Western Union Foundation that matched all U.S.-based employee donations to the foundation worth $2 for every $1.
WU data by GuruFocus.com
In Western Union's latest quarterly report dated Oct. 30, the company announced pretty positive gains for its third quarter. Western Union reported a 1 percent revenue increase, an earnings per share of $0.45 compared to the $0.38 in the prior year, and an EBITDA margin of 30.7 percent compared to 30 percent flat in the same period last year.
"In the third quarter...business was challenging, as soft global economic conditions, compliance-related changes and competitive pressures in certain money transfer corridors impacted revenues," Western Union president and chief executive officer, Hikmet Ersek said in the release. "We continue to generate strong cash flow, and year-to-date we have now returned $600 million to shareholders through share repurchase and dividends."
Ersek also spoke of three key areas that the company will specifically focus on in strategic actions for improvement: consumer value proposition, digital channels and cost optimization.
Gayner reported to owning 390,000 Western Union Shares in the second quarter, before selling all of them recently. This was his first sell of company shares since acquiring it in the fourth quarter of 2010.
Western Union is currently trading at $12.55 per share, almost up 2 percent today, with a market cap of $10.82 billion. It has a Financial Strength rank of 5 out of 10, a Profitability & Growth rank of 7 out of 10 and two Severe Warning signs that reveal severe cash flow divergence and a possibility that the company is losing efficiency.
Marriott Vacations Worldwide Corp. ( VAC )
Gayner's transaction to sell all of his shares of Marriott Vacations Worldwide Corp.( VAC ) affected his portfolio by 0.19 percent.
Gayner only acquired Marriott Vacations in the first quarter of this year, starting off with 133,877 shares. Gayner then reduced 762 shares in the second quarter before completely selling all 133,115 shares recently.
As a global hospitality resort chain, Marriott Vacations operates under three brands: Marriott Vacation Club, The Ritz-Carlton Destination Club and Grand Residences by Marriott.
Marriott Vacations stocks are currently trading at $37.49 per share. While its stock is down three percent for today, Marriott's stock price is trading near its five-year high of about $40; around the same time last year, Marriott stocks were only selling for $17 per share.
In October, the company released its third quarter financial results, which ended Sept. 7.
As the company nears its first full year as a separate public company after announcing its spin-off from Marriott International Inc.( MAR ) in November 2011, it reported organizational costs of $33 million in adjusted earnings before taxes, depreciation and amortizations (EBITDA), a $17 million increase compared to the same period last year.
Additionally, the company's North American contract sales increased 13 percent compared to year-over-year data, as well as experienced an increase in adjusted net income by $5 million.
Stephen Weisz, president and chief executive officer says the company expects to drive $15 million to $20 million of annualized cost saving by 2014, in connection with its separation efforts from Marriott International and scheduled evaluation of Marriott Vacations' organizational structure.
"Our strong third quarter performance continues to underscore the successful execution of our top-line growth and margin expansion strategies," he said. "Given three consecutive quarters of strong performance and positive outlook for the fourth quarter, we are raising our full year Adjusted EBITDA as adjusted guidance to $130 million, to $140 million from 115 million, to $125 million."
Marriott Vacations has a market cap of $1.33 billion, a P/E (ttm) ratio of 43.1, a P/B ratio of 1.1 and a P/S ratio of 0.8. Its two Severe Warning signs denote an low Altman Z-score and a low interest coverage, and its one Medium Warning sign highlights its price being close to its 52-week high.
Altria Group Inc. ( MO )
Gayner's decision to sell all of his shares of Altria Group Inc. ( MO ) impacted his portfolio by 0.19 percent.
Altria Group is the parent company of several tobacco and wine brands such as Phillip Morris USA, John Middleton, U.S. Smokeless Tobacco Co., John Middleton, Ste. Michelle Wine and Nu Mark.
It's currently trading at $31.50 per share and is currently down 1.41 percent for the day.
Altria announced its third quarter results in Oct. 25, which focused solely on shareholder returns.
While its diluted earnings per share for the quarter decreased 43.9 percent compared to the same period last year, its nine-month reported diluted earnings per share increased 22.8 percent.
Additionally, Altria chairman and chief executive officer, Marty Barrington, announced an expansion of the company's already $1 billion share repurchase program.
"Altria delivered solid financial results for the third quarter and first nine months of 2012 while taking steps to strengthen its ability to create shareholder value in the future," he said. "The business performance of our operating companies enabled us to increase our already strong cash returns to shareholders...Altria increased its dividend by 7.3% and repurchased over $260 million of our stock in the third quarter. Today, we are announcing a $500 million expansion of our $1.0 billion share repurchase program."
Gayner's holding history with Altria spans back since the third quarter of 2003.
GuruFocus gives Altria a Financial Strength of 6 out of 10 and a Profitability & Growth rank of 5 out of 10.
Its two Good Signs indicate an expanding operating margin and a low P/E ratio. In contract, its two Severe Warning signs indicate that its revenue has been in decline for the last five years and a cash flow experiencing severe divergence. Its Medium Warning sign denotes that its dividend pay out ratio is too high and may not be sustainable.
View the rest of the details about Tom Gayner's portfolio updates here. Also read other articles about Tom Gayner in our GuruFocus Archives.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Its top three holdings to date are: CarMax Inc. ( KMX ) at 6.2 percent ownership, Berkshire Hathaway Inc. ( BRK.A ) at 6.1 percent ownership and Diageo PLC ( DEO ) at 6 percent ownership. He also sums up what he looks for in any investment under four qualities: 1) a profitable business, 2) a solid management team, 3) good reinvestment opportunities such as positive returns on capital, and lastly, 4) a fair or better purchase. Below are three companies among the stocks of which he completely sold out in the third quarter that made the most impact to his portfolio: Western Union Co. ( WCU ), Marriott Vacations Worldwide Corp. ( VAC ) and Altria Group Inc. ( MO ).
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Its top three holdings to date are: CarMax Inc. ( KMX ) at 6.2 percent ownership, Berkshire Hathaway Inc. ( BRK.A ) at 6.1 percent ownership and Diageo PLC ( DEO ) at 6 percent ownership. Tom Gayner , chief investment officer of financial holding company, Markel Corp. ( MKL ), has updated his portfolio for the third quarter ending Sept. 30, introducing nine companies to his portfolio, adding to current shares of seven stocks, reducing one stock and completely selling all of his shares of 12 companies - a total of 29 transactions. Below are three companies among the stocks of which he completely sold out in the third quarter that made the most impact to his portfolio: Western Union Co. ( WCU ), Marriott Vacations Worldwide Corp. ( VAC ) and Altria Group Inc. ( MO ).
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Its top three holdings to date are: CarMax Inc. ( KMX ) at 6.2 percent ownership, Berkshire Hathaway Inc. ( BRK.A ) at 6.1 percent ownership and Diageo PLC ( DEO ) at 6 percent ownership. Tom Gayner , chief investment officer of financial holding company, Markel Corp. ( MKL ), has updated his portfolio for the third quarter ending Sept. 30, introducing nine companies to his portfolio, adding to current shares of seven stocks, reducing one stock and completely selling all of his shares of 12 companies - a total of 29 transactions. Below are three companies among the stocks of which he completely sold out in the third quarter that made the most impact to his portfolio: Western Union Co. ( WCU ), Marriott Vacations Worldwide Corp. ( VAC ) and Altria Group Inc. ( MO ).
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Its top three holdings to date are: CarMax Inc. ( KMX ) at 6.2 percent ownership, Berkshire Hathaway Inc. ( BRK.A ) at 6.1 percent ownership and Diageo PLC ( DEO ) at 6 percent ownership. Tom Gayner , chief investment officer of financial holding company, Markel Corp. ( MKL ), has updated his portfolio for the third quarter ending Sept. 30, introducing nine companies to his portfolio, adding to current shares of seven stocks, reducing one stock and completely selling all of his shares of 12 companies - a total of 29 transactions. Gayner invests in stocks based on the worth of its present value of future cash flows.
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2012-10-23 00:00:00 UTC
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Brown-Forman Still at Neutral Lane - Analyst Blog
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https://www.nasdaq.com/articles/brown-forman-still-at-neutral-lane-analyst-blog-2012-10-23
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We have maintained our long-term 'Neutral' recommendation on Brown-Forman Corporation ( BF.B ), one of the leading producers and distributors of premium alcoholic beverages in the world. Our recommendation is based on the fact that amidst tough economic backdrop, the company posted better-than-expected first-quarter 2013 bottom-line result.
Brown-Forman's quarterly earnings of 69 cents per share surged 27.8% year over year, and exceeded the Zacks Consensus Estimate of 62 cents on the back of top-line growth along with lower input costs. Net sales grew 4% during the quarter as well.
Brown-Forman expects solid improvement in customer trends in the remaining period of fiscal 2013. Moreover, based on high-single digit growth expectation in net sales and operating income, the company anticipates fiscal 2013 earnings in the range of $2.40-$2.67 per share.
The global spirit industry is trading well and we expect the momentum to continue in near future. Further, we anticipate the company's continued focus on pricing, product innovation, and expanding operations in emerging markets will boost its operational performance.
Moreover, we believe Brown-Forman's decision to move its Japan distribution facility from Suntory to Asahi will improve its market share. The region has a benefit of less competition with privately-owned spirit brands, which will give enough scope to the company for brand building.
The company has a consistent track record of returning cash to shareholders in the form of share repurchase and dividend payment. Brown-Forman has paid quarterly cash dividends consecutively for the past 65 years while increasing the same for the last 28 years. Moreover, the company's recent 3-for-2 stock split reflects its commitment to enhance long-term value for shareholders. Brown-Forman also portrays its confidence to boost longer-term prospects for earnings as well as cash flows.
However, stiff competition from other players such as Diageo plc ( DEO ) and SABMiller plc ( SBMRY ) along with potential risk of operating in overseas market may have an adverse effect on Brown-Forman's financial performance. Moreover, we believe the shares of the company are richly valued at the current juncture, which keeps us on the sidelines.
Distilled spirits are subject to excise tax in various countries. Rising fiscal pressure in the U.S., European and many emerging markets may increase the risk of a potential excise tax on spirits by governments of respective countries. A hike in excise tax in the future may have an adverse effect on Brown-Forman's financial performance.
BROWN FORMAN B (BF.B): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
(SBMRY): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, stiff competition from other players such as Diageo plc ( DEO ) and SABMiller plc ( SBMRY ) along with potential risk of operating in overseas market may have an adverse effect on Brown-Forman's financial performance. BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report (SBMRY): ETF Research Reports To read this article on Zacks.com click here. Our recommendation is based on the fact that amidst tough economic backdrop, the company posted better-than-expected first-quarter 2013 bottom-line result.
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However, stiff competition from other players such as Diageo plc ( DEO ) and SABMiller plc ( SBMRY ) along with potential risk of operating in overseas market may have an adverse effect on Brown-Forman's financial performance. BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report (SBMRY): ETF Research Reports To read this article on Zacks.com click here. Moreover, based on high-single digit growth expectation in net sales and operating income, the company anticipates fiscal 2013 earnings in the range of $2.40-$2.67 per share.
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However, stiff competition from other players such as Diageo plc ( DEO ) and SABMiller plc ( SBMRY ) along with potential risk of operating in overseas market may have an adverse effect on Brown-Forman's financial performance. BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report (SBMRY): ETF Research Reports To read this article on Zacks.com click here. Brown-Forman's quarterly earnings of 69 cents per share surged 27.8% year over year, and exceeded the Zacks Consensus Estimate of 62 cents on the back of top-line growth along with lower input costs.
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However, stiff competition from other players such as Diageo plc ( DEO ) and SABMiller plc ( SBMRY ) along with potential risk of operating in overseas market may have an adverse effect on Brown-Forman's financial performance. BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report (SBMRY): ETF Research Reports To read this article on Zacks.com click here. Moreover, based on high-single digit growth expectation in net sales and operating income, the company anticipates fiscal 2013 earnings in the range of $2.40-$2.67 per share.
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2012-10-03 00:00:00 UTC
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Earnings Preview: Constellation Brands - Analyst Blog
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https://www.nasdaq.com/articles/earnings-preview%3A-constellation-brands-analyst-blog-2012-10-03
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Constellation Brands Inc. ( STZ ) - the largest wine company in the world - is scheduled to release its financial results for the second quarter of fiscal 2013 before the opening bell on Friday, October 5, 2012. The Zacks Consensus Estimate for the quarter is 54 cents per share, representing a year-over-year decline of approximately 29.9%.
The year-over-year decline in earnings is due to a loss of income from the company's Australian and U.K. businesses, which were sold off earlier this year.
With respect to earnings surprises, Constellation has topped the Zacks Consensus Estimate in all except the November quarter of 2011. The average surprise over the last four quarters was 33.6%.
First Quarter Fiscal 2013 - A Synopsis
In June 2012, Constellation posted improved bottom-line results for the first quarter, with earnings per share of 40 cents surpassing the Zacks Consensus Estimate as well as prior-period earnings of 39 cents. However, net sales in the quarter remained almost flat at $634.8 million from the year-ago quarter while missing the Zacks Consensus forecast Estimate of $646 million.
In its earnings release, the company reiterated fiscal 2013 adjusted earnings per share guidance in the band of $1.93-$2.03 per share compared with $2.34 in fiscal 2012. On a reported basis, the company expects earnings per share in the range of $1.89-$1.99 per share compared with $2.13 in fiscal 2012.
Zacks Consensus
The analysts following the stock expect Constellation to post second-quarter fiscal 2013 earnings of 54 cents a share, lower than the 77 cents delivered in the prior-year quarter. Currently, the Zacks Consensus Estimate ranges between 51 cents and 56 cents a share.
For fiscal 2013, the Zacks Consensus Estimate stands at $1.99 per share, which is lower than the previous fiscal earnings of $2.34. Currently, the Zacks Consensus Estimate ranges between $1.93 and $2.03 a share.
Agreement & Magnitude of Earnings Estimate Revisions
We do not see any estimate revisions over the last 30 days, either for the second quarter or fiscal 2013,. Therefore, the magnitude of estimate revisions for the company depicts a neutral outlook and remains unchanged for the third quarter as well as fiscal 2013.
Our Recommendation
We believe that continued focus on brand building and promotion along with strategic acquisitions will accelerate Constellation Brands' growth opportunities while strengthening its market position. Additionally, in an effort to generate strong margins, Constellation Brands is focusing on high-priced segments across all key categories. The company also recently acquired a California-based wine company - Mark West - which is anticipated to enhance its presence in the wine market.
However, Constellation faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ) and Diageo plc ( DEO ). Moreover, the company competes with local and regional players in the respective countries, which may affect its operating performance in the future.
Currently, Constellation has a Zacks #3 Rank, implying a short-term Hold rating. Moreover, we are maintaining our long-term Neutral recommendation on the stock.
BEAM INC (BEAM): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, Constellation faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ) and Diageo plc ( DEO ). BEAM INC (BEAM): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Constellation Brands Inc. ( STZ ) - the largest wine company in the world - is scheduled to release its financial results for the second quarter of fiscal 2013 before the opening bell on Friday, October 5, 2012.
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BEAM INC (BEAM): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. However, Constellation faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ) and Diageo plc ( DEO ). First Quarter Fiscal 2013 - A Synopsis In June 2012, Constellation posted improved bottom-line results for the first quarter, with earnings per share of 40 cents surpassing the Zacks Consensus Estimate as well as prior-period earnings of 39 cents.
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However, Constellation faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ) and Diageo plc ( DEO ). BEAM INC (BEAM): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. First Quarter Fiscal 2013 - A Synopsis In June 2012, Constellation posted improved bottom-line results for the first quarter, with earnings per share of 40 cents surpassing the Zacks Consensus Estimate as well as prior-period earnings of 39 cents.
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However, Constellation faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ) and Diageo plc ( DEO ). BEAM INC (BEAM): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. With respect to earnings surprises, Constellation has topped the Zacks Consensus Estimate in all except the November quarter of 2011.
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2012-08-30 00:00:00 UTC
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Brown-Forman Beats on EPS - Analyst Blog
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https://www.nasdaq.com/articles/brown-forman-beats-on-eps-analyst-blog-2012-08-30
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Driven by positive top-line growth along with lower input costs, Brown-Forman Corporation ( BF.B ) started the fiscal 2013 with strong first-quarter results. The company's adjusted earnings for the quarter surged 27.8% to 69 cents per share from 54 cents earned in the previous-year quarter, beating the Zacks Consensus Estimate of 62 cents.
Quarterly Details
Brown-Forman's net sales grew 4% to $878.1 million compared with $840.3 million in the year-ago period primarily driven by price increase partially offset by adverse currency exchange rates and spin-off of Hopland wine business. On an underlying basis, the company's net sales registered 10% growth year over year. However, quarterly sales were below the Zacks Consensus Estimate of $893 million.
During the quarter, Brown-Forman's gross profit increased 10% to $464.1 million from $420.3 million primarily due to lower input costs. Consequently, gross margin improved 290 basis points (bps) to 52.9% compared with 50% in the prior-year period.
As a percentage of net sales, the company's operating expenses grew 130 bps to 28.6% primarily due to deleveraged selling, general and administrative expenses, which increased 40 bps to 16.9%, partially offset by a leverage of 30 bps in advertising expenses.
Operating profit during the quarter increased 19% to $221.7 million from $185.9 in the prior-year period, primarily driven by improved gross profit, partially offset by increased operating expenses. Consequently, operating margin expanded 310 bps to 25.2% compared with 22.1% in the year-ago quarter.
Balance Sheet & Cash Flow
Brown-Forman ended the quarter with cash and cash equivalents of $361.5 million and long-term debt of $502.1 million. During the quarter, Brown-Forman generated $87.6 million of cash from operations and deployed $49.8 million for dividend payout and $17.4 million on capital expenditures.
Guidance
Moving forward, Brown-Forman confirmed its outlook for fiscal 2013. The company expects improvement in customer trends to continue in second quarter of fiscal 2013. However, it anticipates that the stronger U.S. dollar value may have an adverse impact on its bottom line.
Currently, Brown-Forman expects fiscal 2013 earnings in the range of $2.40 - $2.67 per share.
Our Recommendation
We believe Brown-Forman's strategy of expanding Jack Daniel's market share in developed markets, such as France and the U.S., and emerging markets including Russia, Poland and Mexico, where the whiskey category is in early stages of development, will boost its top line.
However, apart from macroeconomic headwinds, distilled spirits are subject to excise tax in various countries. Rising fiscal pressure in the U.S., European and many emerging markets may lead to increasing risk of a potential excise tax on spirits by the governments of respective countries. The effect of hike in excise tax in the future may have an adverse effect on Brown-Forman's financial performance.
Above all, the company faces intense competition from other well-established players in the industry, such as Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). Moreover, Brown-Forman encounters competition from local and regional players in the respective countries. Consequently, this may dent the company's future operating performance.
Currently, Brown-Forman has a Zacks #3 Rank, which implies a short-term Hold rating. Moreover, we maintain a long-term 'Neutral' recommendation on the stock.
BEAM INC (BEAM): Free Stock Analysis Report
BROWN FORMAN B (BF.B): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Above all, the company faces intense competition from other well-established players in the industry, such as Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Driven by positive top-line growth along with lower input costs, Brown-Forman Corporation ( BF.B ) started the fiscal 2013 with strong first-quarter results.
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BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Above all, the company faces intense competition from other well-established players in the industry, such as Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). Quarterly Details Brown-Forman's net sales grew 4% to $878.1 million compared with $840.3 million in the year-ago period primarily driven by price increase partially offset by adverse currency exchange rates and spin-off of Hopland wine business.
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BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Above all, the company faces intense competition from other well-established players in the industry, such as Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). Quarterly Details Brown-Forman's net sales grew 4% to $878.1 million compared with $840.3 million in the year-ago period primarily driven by price increase partially offset by adverse currency exchange rates and spin-off of Hopland wine business.
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Above all, the company faces intense competition from other well-established players in the industry, such as Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. However, quarterly sales were below the Zacks Consensus Estimate of $893 million.
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2012-08-24 00:00:00 UTC
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Earnings Preview: Brown-Forman - Analyst Blog
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https://www.nasdaq.com/articles/earnings-preview%3A-brown-forman-analyst-blog-2012-08-24
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Brown-Forman Corporation ( BF.B ) is scheduled to report its financial results for the first quarter of fiscal 2013 before the opening bell on August 29, 2012. The current Zacks Consensus Estimate for the quarter is 62 cents per share. For the quarter under review, revenue is expected to be $893 million, according to the Zacks Consensus Estimate.
With respect to earnings surprises, Brown-Forman has missed the estimate thrice over the trailing four quarters in the range of flat to negative 7.5%. The average surprise over the last four quarters remained at negative 4.4%.
Fourth-Quarter 2012 - A Synopsis
Brown-Forman's adjusted earnings of 73 cents per share for the fourth quarter of fiscal 2012 missed the Zacks Consensus Estimate of 76 cents and declined approximately 5.2% from the year-ago earnings of 77 cents. A higher excise tax along with increased operating expenses affected the company's bottom line.
Brown-Forman's reported net sales inched up 1% to $801.3 million, missing the Zacks Consensus Estimate of $805 million. However, the company's underlying net sales registered 10% growth year over year.
Zacks Consensus
The analysts following the stock expect Brown-Forman to post first quarter earnings of 62 cents a share, higher than 54 cents delivered in the prior-year quarter. Currently, the Zacks Consensus Estimate ranges between 57 cents and 66 cents a share.
For fiscal 2013, the Zacks Consensus Estimate stands at $2.61 per share, higher than the year-ago fiscal earnings of $2.37. The current estimate ranges between $2.57 and $2.67 per share.
Earnings Estimate Revisions
Agreement
For the first quarter of fiscal 2013, of the 6 analysts providing estimates, none has revised their estimates in either direction over the last 7 and 30 days.
For fiscal 2013, 1 analyst downgraded its estimate in the last 30 days, while no movement seen in the opposite direction. In the last 7 days, of the 6 analysts providing estimates, none has revised their estimates in either direction.
Magnitude
The magnitude of estimate revisions for Brown-Forman depicts a neutral outlook for the first quarter and fiscal 2013. Over the last 7 and 30 days, estimates for the upcoming quarter and fiscal 2013 have remained unchanged at 62 cents and $2.61 per share, respectively.
Our Recommendation
Brown-Forman is one of the leading producers and distributors of premium alcoholic beverages in the world. The company commands a strong portfolio of globally recognized brands, such as Jack Daniel's, Finlandia, Southern Comfort and Canadian Mist. We believe this provides a competitive edge to the company and bolsters its well-established position in the market.
Moreover, we believe Brown-Forman's strategy of expanding Jack Daniel's market share in developed markets, such as France and the U.S., and emerging markets including Russia, Poland and Mexico, where the whiskey category is in early stages of development, will boost its top line.
However, apart from macroeconomic headwinds, distilled spirits are subject to excise tax in various countries. Rising fiscal pressure in the U.S., European and many emerging markets may lead to increasing risk of a potential excise tax on spirits by the governments of respective countries. The effect of any excise tax increase in future may have an adverse effect on Brown-Forman's financial performance.
Above all, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). Moreover, Brown-Forman encounters competition from local and regional players in the respective countries. Consequently, this may dent the company's future operating performance.
Currently, Brown-Forman has a Zacks #3 Rank, which implies a short-term Hold rating. Moreover, we maintain a long-term 'Neutral' recommendation on the stock.
BEAM INC (BEAM): Free Stock Analysis Report
BROWN FORMAN B (BF.B): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Above all, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. With respect to earnings surprises, Brown-Forman has missed the estimate thrice over the trailing four quarters in the range of flat to negative 7.5%.
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BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Above all, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). Brown-Forman's reported net sales inched up 1% to $801.3 million, missing the Zacks Consensus Estimate of $805 million.
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Above all, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Fourth-Quarter 2012 - A Synopsis Brown-Forman's adjusted earnings of 73 cents per share for the fourth quarter of fiscal 2012 missed the Zacks Consensus Estimate of 76 cents and declined approximately 5.2% from the year-ago earnings of 77 cents.
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Above all, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Earnings Estimate Revisions Agreement For the first quarter of fiscal 2013, of the 6 analysts providing estimates, none has revised their estimates in either direction over the last 7 and 30 days.
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2012-08-24 00:00:00 UTC
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Diageo Reports FY12 Prelim Results - Analyst Blog
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https://www.nasdaq.com/articles/diageo-reports-fy12-prelim-results-analyst-blog-2012-08-24
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Diageo Plc. ( DEO ) reported its preliminary results for the year ended 30 June 2012, wherein fiscal 2012 earnings went up 13% from the year-ago period to $1.26 (94.2 pence). The upswing in profit was the result of strong global organic growth and improved performance of strategic brands like Johnnie Walker and Ciroc.
The company recorded net revenue (i.e. total revenue minus excise duties) growth of 6% in the year. Volume grew 2% year over year organically.
Gross profit for fiscal 2012 climbed 10.2% year over year on the back of higher net sales. Operating profit increased 9.0% from the year-ago level despite an 8% hike in marketing spend due to controlled promotional expenses. Operating margin inflated 60 basis points driven by positive pricing mix shift to premium products.
Segment Details
In North America , Diageo's net sales went up 6% on an organic basis. Volume went up 2% in fiscal 2012. Spirits' net sales went up year over year on the back of strong performance of the Ciroc brand, which in turn was driven by new product launches like Ciroc Peach. However, Wine reported a year over decline in net sales due to intense pricing pressure U.S. The segment operating profit went up 6% in fiscal 2012.
In Europe , net sales declined 1% on an organic basis. Volume also went down 1% from the year-ago level due to the challenging economic conditions in Southern Europe. However, the company performed better in the emerging markets of Eastern Europe like Russia and Turkey. Scotch sales remained strong during the year with Smirnoff and Captain Morgan performing well in Great Britain. The segment operating profit went up 3% in fiscal 2012 on the back of the company's new restructuring program started in fiscal 2011. Under this program, Diageo reviewed its operating model in Scotland and Ireland with an objective to improve the effectiveness and productivity of the group's operations and deploy resources closer to the market.
In Africa net sales increased 11% on an organic basis backed by double-digit growth in East Africa, Ghana and Cameroon. Volume went up 5% in fiscal 2012. Beer and Spirits did well, backed by investment in brands like Guinness, Tusker and Johnnie Walker and innovations like Harp Lime in Nigeria. The company further strengthened its presence in Africa with the acquisition of Meta Abo Brewery in Ethiopia. The segment's operating profit went up 20% in fiscal 2012.
In Latin America and the Caribbean , net sales went up 19% on an organic basis driven by strong businesses in Paraguay, Uruguay and Brazil. Volume went up 10%. Scotch boosted net sales in the region backed by strong performance of brands like Johnnie Walker and Old Parr. Operating profit went up 22% in fiscal 2012 due to the positive price mix in the region.
In Asia Pacific , net revenue went up 8% on an organic basis with strong performance in South East Asia, Greater China and India. Scotch drove growth in the region backed by the company's deluxe as well as reserve brands like Zacapa, Ketel One vodka and Ciroc. Volume rose 2% in fiscal 2012. Operating profit went up 18% in fiscal 2012.
Road Ahead
For fiscal 2013, the company expects input cost inflation to average around 4%. The company is concerned that Western Europe might witness further weakness during the period.
Recommendation
Based in London, United Kingdom, Diageo is involved in producing, distilling, brewing, bottling, packaging and distributing spirits, wine and beer.
Currently, we have a long-term Neutral recommendation on Diageo, which carries a Zacks #3 Rank (short-term Hold rating).
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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( DEO ) reported its preliminary results for the year ended 30 June 2012, wherein fiscal 2012 earnings went up 13% from the year-ago period to $1.26 (94.2 pence). DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. The upswing in profit was the result of strong global organic growth and improved performance of strategic brands like Johnnie Walker and Ciroc.
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( DEO ) reported its preliminary results for the year ended 30 June 2012, wherein fiscal 2012 earnings went up 13% from the year-ago period to $1.26 (94.2 pence). DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. The upswing in profit was the result of strong global organic growth and improved performance of strategic brands like Johnnie Walker and Ciroc.
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( DEO ) reported its preliminary results for the year ended 30 June 2012, wherein fiscal 2012 earnings went up 13% from the year-ago period to $1.26 (94.2 pence). DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. Gross profit for fiscal 2012 climbed 10.2% year over year on the back of higher net sales.
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( DEO ) reported its preliminary results for the year ended 30 June 2012, wherein fiscal 2012 earnings went up 13% from the year-ago period to $1.26 (94.2 pence). DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. Spirits' net sales went up year over year on the back of strong performance of the Ciroc brand, which in turn was driven by new product launches like Ciroc Peach.
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2012-08-22 00:00:00 UTC
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Beam Plans to Redeem Preferred Stock - Analyst Blog
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https://www.nasdaq.com/articles/beam-plans-to-redeem-preferred-stock-analyst-blog-2012-08-22
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Headquartered in Deerfield, Beam Inc. ( BEAM ) recently announced its plan to redeem $2.67 Convertible Preferred Stock of the holders of record as of November 15, 2012, on November 20, 2012. The $2.67 Convertible Preferred Stock was originally issued in 1979 and approximately 97% or more of the holders have converted their Preferred Stock into common stock.
The outstanding convertible preferred stock, as of November 15, 2012, will be redeemed at an aggregate price of $31.02 per share, including $0.52 per share as dividend.
Beam declared that after the redemption of shares, all the rights of the holders of preferred stock will cease to exist and no more dividend payment will accrue on such stock. The holders can only ask for the tender price of the redeemed shares.
Beam noticed that out of 5.5 million shares originally issued, only 145,948 shares are outstanding and it would be logical to eradicate these second-class shares. The company expects that this plan will have no impact on earnings.
Beam further anticipates that the remaining holders of the $2.67 Convertible Preferred Stock will wish to convert their preferred stock into common stock seeing the financial benefits of conversion. As a result, the company announced that the shares can be converted till November 15, 2012 at a conversion ratio of 8.411 shares of Beam common stock for every one share of $2.67 Convertible Preferred Stock.
The holders who convert their stock will receive Beam common stock with a market value of $491.29, assuming the market price at $58.41 per share on the date of conversion. The company will pay cash to compensate for a fractional share.
Beam, the Deerfield, Illinois-based spirits giant, engages in producing and selling branded distilled spirits products worldwide. Globally, the company generated 2011 sales of about $2.8 billion on volume of 34 million 9-liter cases.
Beam, which competes with Diageo plc ( DEO ) and Brown-Forman Corporation ( BF.B ), carries a Zacks #2 Rank, implying a short-term Buy rating on the stock. However, the company retains a long-term 'Neutral' recommendation.
BEAM INC (BEAM): Free Stock Analysis Report
BROWN FORMAN B (BF.B): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Beam, which competes with Diageo plc ( DEO ) and Brown-Forman Corporation ( BF.B ), carries a Zacks #2 Rank, implying a short-term Buy rating on the stock. BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. Globally, the company generated 2011 sales of about $2.8 billion on volume of 34 million 9-liter cases.
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BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. Beam, which competes with Diageo plc ( DEO ) and Brown-Forman Corporation ( BF.B ), carries a Zacks #2 Rank, implying a short-term Buy rating on the stock. Headquartered in Deerfield, Beam Inc. ( BEAM ) recently announced its plan to redeem $2.67 Convertible Preferred Stock of the holders of record as of November 15, 2012, on November 20, 2012.
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Beam, which competes with Diageo plc ( DEO ) and Brown-Forman Corporation ( BF.B ), carries a Zacks #2 Rank, implying a short-term Buy rating on the stock. BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. The $2.67 Convertible Preferred Stock was originally issued in 1979 and approximately 97% or more of the holders have converted their Preferred Stock into common stock.
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Beam, which competes with Diageo plc ( DEO ) and Brown-Forman Corporation ( BF.B ), carries a Zacks #2 Rank, implying a short-term Buy rating on the stock. BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. Headquartered in Deerfield, Beam Inc. ( BEAM ) recently announced its plan to redeem $2.67 Convertible Preferred Stock of the holders of record as of November 15, 2012, on November 20, 2012.
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2012-08-21 00:00:00 UTC
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STZ Finishes $650M Debt Offering - Analyst Blog
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https://www.nasdaq.com/articles/stz-finishes-%24650m-debt-offering-analyst-blog-2012-08-21
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The world's leading premium wine and spirits distributor, Constellation Brands Inc. ( STZ ), took a step forward in completing its pre-announced acquisition of Crown Imports by finishing the sale of additional Senior Notes. These notes are slated to mature in March 2023.
The company had issued $650 million of Senior Notes with a coupon rate of 4.625%, of which it received $641 million in net proceeds after deducting all the expenses related to the issuance. It intends to use all the net proceeds, along with available cash and existing revolver credit facility and term loan, to finance the acquisition.
At the end of first-quarter of fiscal 2013, Constellation Brands had $69.1 million of cash and cash equivalents. Moreover, the company generated $96.4 million and $76.8 million of cash from operations and free cash flow, respectively. Furthermore, the company has $850 million remaining under its revolving credit facility.
We believe that the financial condition of the company is not strong enough and so it has opted to finance the acquisition in this way. It is anticipated that the acquisition will increase Constellation Brands' debt-to-EBITDA ratio to mid-four times. However, in next 12 months, the company is expecting to generate strong free cash flow, which will bring its leverage ratio to its targeted range of three to four times.
Apart from this, Constellation Brands has successfully modified its 2012 credit agreement. The amended agreement will facilitate the company a $575 million delayed draw term loan, which it intends to use for completing the acquisition.
In June 2012 the company, in order to enhance its presence in the U.S. beer market, entered into an agreement with Anheuser-Busch InBev ( BUD ) to acquire the remaining 50% stake of Crown Imports.
The proposed acquisition is expected to complete by December 30, 2012. If for any reason, Constellation Brands fails to close the acquisition by this date, it will redeem the senior notes at par value along with the accrued interest.
Constellation Brands has a 50-50 joint venture with Grupo Modelo S.A.B. de C.V. (Modelo) in Crown Imports. Previously, AB InBev completed its proposed acquisition of Modelo.
Per the agreement, Constellation Brands will pay $1.85 billion to complete the Crown Import acquisition and will hold the right of distribution, marketing and pricing of Modelo brands in the U.S. AB InBev will be responsible for maintaining the supply and quality of products along with innovations.
Crown Imports is the largest beer importer in the U.S. and markets Modelo brands, such as Corona Extra, Corona Light, Modelo Especial, Pacifico, Negra Modelo and Victoria. After completion of the deal, Constellation Brands will become the largest multi-category supplier of beer, spirits and wine and on a volume basis, the third-largest total beverage alcohol company in the U.S.
During fiscal 2012, Constellation Brands earned $215 million of equity earnings from Crown Imports, which was 50% of the total earnings. Therefore, Constellation Brands believes that the acquisition will be significantly accretive to its earnings per share and free cash flow.
The company reiterated its fiscal 2013 adjusted earnings per share guidance in the band of $1.93 to $2.03 per share. Though the guidance excludes any impact from the acquisition, we expect the transaction to contribute positively to the fiscal 2013 earnings performance. The current Zacks Estimate of $1.99 per share is approximately at the midoint of the company's guidance.
Our Recommendation
Constellation Brands is the largest wine company in the world and commands a dominant position in the premium wine segment in the U.S. The company is also a leading producer of wines in Canada and New Zealand. This provides a competitive edge to the company and bolsters its well-established position in the market.
Moreover, continued focus on brand building and promotion along with strategic acquisitions will accelerate Constellation Brands' growth opportunities while strengthening its market position. Additionally, in an effort to generate strong margins, Constellation Brands is focusing on higher priced segment across all key categories. The company also recently acquired a California based wine company - Mark West - which is anticipated to enhance its presence in the wine market.
However, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ) and Diageo plc ( DEO ). Moreover, Constellation Brands encounters competition from local and regional players in the respective countries, which may dent the company's future operating performance.
We currently have a Zacks #2 Rank implying a short-term Buy rating. However, our long-term recommendation on the stock remains 'Neutral'.
BEAM INC (BEAM): Free Stock Analysis Report
ANHEUSER-BU ADR (BUD): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ) and Diageo plc ( DEO ). BEAM INC (BEAM): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. The world's leading premium wine and spirits distributor, Constellation Brands Inc. ( STZ ), took a step forward in completing its pre-announced acquisition of Crown Imports by finishing the sale of additional Senior Notes.
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BEAM INC (BEAM): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. However, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ) and Diageo plc ( DEO ). The world's leading premium wine and spirits distributor, Constellation Brands Inc. ( STZ ), took a step forward in completing its pre-announced acquisition of Crown Imports by finishing the sale of additional Senior Notes.
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However, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ) and Diageo plc ( DEO ). BEAM INC (BEAM): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. The world's leading premium wine and spirits distributor, Constellation Brands Inc. ( STZ ), took a step forward in completing its pre-announced acquisition of Crown Imports by finishing the sale of additional Senior Notes.
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However, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ) and Diageo plc ( DEO ). BEAM INC (BEAM): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. It intends to use all the net proceeds, along with available cash and existing revolver credit facility and term loan, to finance the acquisition.
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2012-07-29 00:00:00 UTC
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You Don't Know Jack: Brown-Forman's Shares Are Currently Overvalued
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https://www.nasdaq.com/articles/you-dont-know-jack-brown-formans-shares-are-currently-overvalued-2012-07-29
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By Morningstar :
By Thomas Mullarkey, CFA
Based in Kentucky, Brown-Forman ([[BF.A]], [[BF.B]]) is a 142-year-old, family-owned premium spirits manufacturer with a portfolio of more than 25 brands. But Jack Daniel's, which accounts for almost 50% of Brown-Forman's volumes, is the linchpin behind the company's wide economic moat. Jack Daniel's provides both intangible (strong brand) and tangible (aging process and distribution system) barriers to entry that provide Brown-Forman's sustainable competitive advantage.
Strong Brands + Aged Spirits = Competitive Advantage
We have increased our moat rating for Brown-Forman to wide from narrow, largely due to the competitive advantages enjoyed by its iconic Jack Daniel's brand of Tennessee whiskey. Federal regulations mandate that bourbon and Tennessee whiskey be aged for at least two years in new charred oak barrels. Consequently, roughly half of the company's inventories are barreled whiskeys waiting to mature. While this duration is notably less than premium scotches, it nonetheless provides the company with opportunity to smooth out commodity inflation with steadily increasing prices, thereby keeping gross margins steady.
The company's key raw materials (including corn, rye, barley, agave, sugar, glass for packaging, and wood for barrels) are typically well supplied and we do not anticipate any meaningful supply disruptions. In fact, the firm believes that cooperage (the making of wooden barrels) is a core competency that is best kept in-house and Brown-Forman will be increasing its barrel-making capabilities via its new facility located in Decatur, Ala. This facility should be operational in 2014, thereby helping further spur long-term volume growth in 2017 and beyond.
The Jack Daniel's family of brands, including ready-to-drink ((RTD)) products, accounts for almost half (49%) of the company's sales volumes. Global depletions for Jack Daniel's have steadily grown from 6.5 million cases in 2002 to 11.7 million cases in fiscal 2012. The firm has benefited from several secular tailwinds helping to propel volumes, including (1) growing spirits demand in the United States and (2) emerging-market growth.
United States Getting Into the Spirits
Since spirits manufacturers ended their voluntary ban on advertising in 1996, per capita consumption of their products has been increasing. Following prohibition, spirits manufacturers self-imposed an advertising ban on both the radio (1936) and television (1948). Much to the chagrin of brewers, spirits manufacturers once again began advertising in 1996. Since that time, spirits steadily have been gaining share in the U.S. In 1996, spirits represented 29% of the average American's annual alcohol intake (roughly 0.63 gallons per person a year); now they amount to one third of the average American's annual indulgence of alcohol (about 0.75 gallons per person a year).
And demand for Jack Daniel's is steadily rising. In 2002, 13.1 million cases of bourbon and Tennessee whiskey were consumed in the U.S., representing 8.6% of the U.S. spirits market. By 2011, U.S. consumers enjoyed 16.0 million cases of bourbon and Tennessee whiskey, or about 8% of the overall spirits market. During that time, overall unit volume for the bourbon and Tennessee whiskey category in the U.S. grew by 2.2%. However, vodka grew even faster, from 26% of the U.S. spirits category in 2002 to 32% in 2011.
Recognizing the growing demand for vodka, Brown-Forman expanded its portfolio with the acquisition of Finlandia. While Brown-Forman has marketed and sold Finlandia in the U.S. since 1996, it first purchased a 45% interest in the vodka firm in 2000, increased its stake by an additional 35% in 2002, and bought the rest of the company in 2004. Finlandia volumes have grown from 1.2 million cases in fiscal 2002 to 3.3 million cases in fiscal 2012, a 10% compound annual growth rate. Given that Finlandia's largest market is Poland, we believe that Brown-Forman's other products benefited from this acquisition as the portfolio's distribution system in vodka-heavy Eastern Europe was utilized to increase the presence of Jack Daniel's products there.
Although the overall market volume for bourbon and Tennessee whiskey in the U.S. has grown just 2% in the last nine years, the premium and super-premium blends have grown measurably faster. Value brands, such as Black Velvet [Constellation Brands ( STZ )] and Early Times [Brown-Forman], have been losing volume. While high-end premium whiskeys and bourbons, such as Jack Daniel's and Makers Mark [Beam ( BEAM )], have grown volumes at almost 4% per year. And super-premium products, including Crown Royal [Diageo ( DEO )] and Woodford Reserve [Brown-Forman], have grown volumes at a 13% CAGR since 2002.
This trend toward premiumization helps spirits companies expand margins and further price-segment the market. While a fifth of Brown-Forman's Jack Daniel's Old No. 7 Tennessee Whiskey can be purchased in Chicago for $22, its Gentleman Jack and Jack Daniel's Single Barrel whiskeys are more expensive, costing a respective $30 and $48. Additionally, we believe that brand extensions such as Jack Daniel's Tennessee Honey ($22 per bottle) help the company court additional drinkers into the whiskey category.
Also, international demand for U.S. spirits has yet to be quenched. Since 2002, the value of U.S. spirits exports has grown by more than 10% per year--and American whiskeys amount to nearly 70% of all exports. While emerging markets likely will be a long-term growth area for Western spirits manufacturers, developed markets consume the bulk of U.S. spirits exports, with just 10 countries consuming roughly 75%. These countries include Canada (15%), the United Kingdom (11%), Australia (10%), Germany (9%), France (9%), Japan (7%), the Netherlands (4%), Spain (4%), Mexico (4%), and Italy (2%). Although the company's announced cooperage expansion should enable the firm to further expand its volumes, investors will have to be patient as the incremental whiskey volumes age for several years.
Southern Discomfort and Canadian Miss
Although Jack Daniel's and Finlandia consistently have grown volumes, Southern Comfort and Canadian Mist have stumbled for Brown-Forman. Sales of Southern Comfort ($17 per bottle) were 2.1 million cases in fiscal 2012, roughly the same as in 2002 and 17% lower than the 2.5 million cases sold in 2007. The brand has been hurt by increased competition from flavored vodkas, spiced rums, and even flavored whiskeys. Likewise, Canadian Mist whiskey ($13 per bottle) has seen volumes decline from 2.4 million cases in fiscal 2002 to just 1.7 million cases in fiscal 2012. Canadian Mist competes in the more price-sensitive value segment of the market. Value-brand consumers tend to be less brand loyal than premium brand. Unlike premium brands, which are consumed both on- and off-premise, value brands tend to be consumed at home.
Given that Southern Comfort is still a premium priced brand, we believe that Brown-Forman should continue investing in it. The flavored spirit still has growth opportunities abroad and RTD opportunities at home. Additionally, the company's "SoCo & Cola" campaign could help with on-premise consumption, encouraging more consumers to drink the spirit in a premixed cocktail.
A Disciplined Allocator of Cash
Brown-Forman's returns on invested capital have been in excess of its cost of capital for decades. Several of the company's brands, including Jack Daniel's, are more than 100 years old. Over that time, they have built a strong brand following and vast distribution network. We believe that aged spirits with strong brands result in formidable barriers to entry that enable Brown-Forman to enjoy meaningful pricing power, such that its profitability should continue over the long-term. As such, the firm has been increasing its focus on the spirits category for several years by divesting most of its non-spirits portfolio, including the Hopland, Calif.-based wine business (2011), Bolla and Fontana Candida wines (2009), and its consumer durables business (2007). Offsetting these divestitures, the firm purchased Casa Herradura tequila brands (el Jimador) in 2007 and we expect the company to opportunistically look for similar small bolt-on acquisitions. Brown-Forman also has invested in brand extensions such as new flavors in its vodka and RTD portfolios as well as new whiskey extensions such as Tennessee Honey.
There's a Better Entry Point for Brown-Forman
With Brown-Forman's share price approaching $100 versus our $79 fair value estimate, we believe the stock is currently overvalued. Brown-Forman currently trades around $94, or 24 times our estimate for its 2013 fiscal earnings. This is well above the 16-20 times multiple that typically has persisted for the last five years. And while we continue to believe that Brown-Forman has plenty of runway to steadily grow earnings during the next decade, we believe the company has little room for error at current valuations and would wait for a pullback in the name before considering an investment.
Disclosure: Morningstar licenses its indexes to certain ETF and ETN providers, including BlackRock, Invesco, Merrill Lynch, Northern Trust, and Scottrade for use in exchange-traded funds and notes. These ETFs and ETNs are not sponsored, issued, or sold by Morningstar. Morningstar does not make any representation regarding the advisability of investing in ETFs or ETNs that are based on Morningstar indexes.
See also SandRidge Energy Slammed By Higher Spending For No Good Reason on seekingalpha.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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And super-premium products, including Crown Royal [Diageo ( DEO )] and Woodford Reserve [Brown-Forman], have grown volumes at a 13% CAGR since 2002. While this duration is notably less than premium scotches, it nonetheless provides the company with opportunity to smooth out commodity inflation with steadily increasing prices, thereby keeping gross margins steady. We believe that aged spirits with strong brands result in formidable barriers to entry that enable Brown-Forman to enjoy meaningful pricing power, such that its profitability should continue over the long-term.
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And super-premium products, including Crown Royal [Diageo ( DEO )] and Woodford Reserve [Brown-Forman], have grown volumes at a 13% CAGR since 2002. Jack Daniel's provides both intangible (strong brand) and tangible (aging process and distribution system) barriers to entry that provide Brown-Forman's sustainable competitive advantage. Strong Brands + Aged Spirits = Competitive Advantage We have increased our moat rating for Brown-Forman to wide from narrow, largely due to the competitive advantages enjoyed by its iconic Jack Daniel's brand of Tennessee whiskey.
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And super-premium products, including Crown Royal [Diageo ( DEO )] and Woodford Reserve [Brown-Forman], have grown volumes at a 13% CAGR since 2002. Strong Brands + Aged Spirits = Competitive Advantage We have increased our moat rating for Brown-Forman to wide from narrow, largely due to the competitive advantages enjoyed by its iconic Jack Daniel's brand of Tennessee whiskey. Additionally, we believe that brand extensions such as Jack Daniel's Tennessee Honey ($22 per bottle) help the company court additional drinkers into the whiskey category.
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And super-premium products, including Crown Royal [Diageo ( DEO )] and Woodford Reserve [Brown-Forman], have grown volumes at a 13% CAGR since 2002. By 2011, U.S. consumers enjoyed 16.0 million cases of bourbon and Tennessee whiskey, or about 8% of the overall spirits market. During that time, overall unit volume for the bourbon and Tennessee whiskey category in the U.S. grew by 2.2%.
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728182.0
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2012-07-27 00:00:00 UTC
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BF.B Revises Charter to Ease Split - Analyst Blog
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https://www.nasdaq.com/articles/bf.b-revises-charter-to-ease-split-analyst-blog-2012-07-27
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nan
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nan
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To facilitate the smooth completion of its previously announced 3-for-2 stock split, the shareholders of Brown-Forman Corporation ( BF.B ) have amended their charter to enlarge the total number of authorized shares for both Class A and Class B. Per the amendment, the charter will now authorize a total of 85 million Class A shares and 400 Class B shares.
Last month, the global producer and distributor of premium alcoholic beverages had announced its intention to split its Class A and Class B common stocks, proposing to distribute one additional share to shareholders for every two shares held. Brown-Forman will distribute the new shares under the 3-for-2 stock split in the form of a stock dividend.
Brown-Forman announced the record date for the spilt as August 3, 2012, with the shareholders receiving the additional shares on August 10. Further, the company stated that its share price will be adjusted accordingly on the New York Stock Exchange for trading beginning on August 13. This split will mark the sixth stock split in the last 35 years.
Recently, the board of directors of Brown-Forman also announced a regular cash dividend of 23.33 cents per share on a split-adjusted basis for both Class A and Class B shares. This dividend will be paid on October 1, 2012 to shareholders of record as of September 7, 2012.
Brown-Forman's stock split reflects the company's commitment to enhance long-term value for shareholders. It also portrays the company's confidence to boost its longer-term prospects for earnings as well as cash flows.
During fiscal 2012, Brown-Forman generated $516 million of cash from operations and deployed $192 million for dividend payout, $220 million toward share repurchase, $58 million on capital expenditures and $248 million toward debt repayment.
Brown-Forman ended the fiscal with cash and cash equivalents of $338 million and long-term debt of $506 million (including the current maturities) compared with $567 million and $759 million, respectively, in fiscal 2011.
Brown-Forman possessing brands such as Jack Daniel's, Finlandia, Southern Comfort and Canadian Mist, command a strong portfolio of globally recognized brands. We believe this provides a competitive edge to the company and bolsters its well-established position in the market.
Brown-Forman is in direct competition with Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). Currently, Brown-Forman has a Zacks #3 Rank, implying a short-term Hold rating. We maintain our long-term Neutral recommendation on the stock.
BEAM INC (BEAM): Free Stock Analysis Report
BROWN FORMAN B (BF.B): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Brown-Forman is in direct competition with Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Further, the company stated that its share price will be adjusted accordingly on the New York Stock Exchange for trading beginning on August 13.
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BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Brown-Forman is in direct competition with Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). To facilitate the smooth completion of its previously announced 3-for-2 stock split, the shareholders of Brown-Forman Corporation ( BF.B ) have amended their charter to enlarge the total number of authorized shares for both Class A and Class B.
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BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Brown-Forman is in direct competition with Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). To facilitate the smooth completion of its previously announced 3-for-2 stock split, the shareholders of Brown-Forman Corporation ( BF.B ) have amended their charter to enlarge the total number of authorized shares for both Class A and Class B.
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Brown-Forman is in direct competition with Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Per the amendment, the charter will now authorize a total of 85 million Class A shares and 400 Class B shares.
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288d073d-0dc8-4d7c-81aa-6de67a252139
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728183.0
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2012-07-20 00:00:00 UTC
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Brown-Forman Stays Neutral - Analyst Blog
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https://www.nasdaq.com/articles/brown-forman-stays-neutral-analyst-blog-2012-07-20
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nan
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We are maintaining our long-term Neutral recommendation on Brown-Forman Corporation ( BF.B ). Moreover, the company has a Zacks #3 Rank implying a short-term Hold rating.
Battered by higher excise tax along with increased operating expenses, Brown-Forman reported a weak fourth-quarter 2012 results with earnings falling 5.2% to 73 cents per share, missing the Zacks Consensus Estimate of 76 cents. Moreover, the company's net sales of $801.3 million also fell short of the Zacks Consensus Estimate of $805 million, but managed to register a year- over-year growth of 1%.
Moreover,gross profit margin shrunk 90 basis points (bps) to 52.6% due to increased excise taxes, while higher advertising and selling, general and administrative (SG&A) expenses led to a contraction of 60 bps in operating margin to 19.6%.
However, Brown-Forman expects solid improvement in customer trends in the remaining period of fiscal 2013. Moreover, based on high-single digit growth expectation in net sales and operating income, the company anticipates fiscal 2013 earnings in the range of $3.60 to $4.00 per share.
Further, we believe Brown-Forman's strategy of expanding Jack Daniel's market share in the developed markets, such as France and the U.S., and emerging markets including Russia, Poland and Mexico, where the whiskey category is in early stages of development, will boost its top line. In addition, the company's plan to build new cooperage for manufacturing barrels for Jack Daniel's Tennessee Whiskey will facilitate it in continuing supply of this premium whiskey along with its demand.
Brown-Forman is one of the leading producers and distributors of premium alcoholic beverages in the world. The company commands a strong portfolio of globally recognized brands, such as Jack Daniel's, Finlandia, Southern Comfort and Canadian Mist. This provides a competitive edge to the company and bolsters its well-established position in the market.
However, continued macroeconomic headwinds and the resultant cutback in discretionary spending along with intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ) and Diageo plc ( DEO ) may weigh upon the company's growth prospects.
BEAM INC (BEAM): Free Stock Analysis Report
BROWN FORMAN B (BF.B): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, continued macroeconomic headwinds and the resultant cutback in discretionary spending along with intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ) and Diageo plc ( DEO ) may weigh upon the company's growth prospects. BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover,gross profit margin shrunk 90 basis points (bps) to 52.6% due to increased excise taxes, while higher advertising and selling, general and administrative (SG&A) expenses led to a contraction of 60 bps in operating margin to 19.6%.
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BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. However, continued macroeconomic headwinds and the resultant cutback in discretionary spending along with intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ) and Diageo plc ( DEO ) may weigh upon the company's growth prospects. Battered by higher excise tax along with increased operating expenses, Brown-Forman reported a weak fourth-quarter 2012 results with earnings falling 5.2% to 73 cents per share, missing the Zacks Consensus Estimate of 76 cents.
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BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. However, continued macroeconomic headwinds and the resultant cutback in discretionary spending along with intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ) and Diageo plc ( DEO ) may weigh upon the company's growth prospects. Battered by higher excise tax along with increased operating expenses, Brown-Forman reported a weak fourth-quarter 2012 results with earnings falling 5.2% to 73 cents per share, missing the Zacks Consensus Estimate of 76 cents.
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However, continued macroeconomic headwinds and the resultant cutback in discretionary spending along with intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ) and Diageo plc ( DEO ) may weigh upon the company's growth prospects. BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. Battered by higher excise tax along with increased operating expenses, Brown-Forman reported a weak fourth-quarter 2012 results with earnings falling 5.2% to 73 cents per share, missing the Zacks Consensus Estimate of 76 cents.
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728184.0
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2012-07-20 00:00:00 UTC
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Brown-Forman Stays Neutral - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/brown-forman-stays-neutral-analyst-blog-2012-07-20-0
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nan
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nan
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We are maintaining our long-term Neutral recommendation on Brown-Forman Corporation ( BF.B ). Moreover, the company has a Zacks #3 Rank implying a short-term Hold rating.
Battered by higher excise tax along with increased operating expenses, Brown-Forman reported a weak fourth-quarter 2012 results with earnings falling 5.2% to 73 cents per share, missing the Zacks Consensus Estimate of 76 cents. Moreover, the company's net sales of $801.3 million also fell short of the Zacks Consensus Estimate of $805 million, but managed to register a year- over-year growth of 1%.
Moreover,gross profit margin shrunk 90 basis points (bps) to 52.6% due to increased excise taxes, while higher advertising and selling, general and administrative (SG&A) expenses led to a contraction of 60 bps in operating margin to 19.6%.
However, Brown-Forman expects solid improvement in customer trends in the remaining period of fiscal 2013. Moreover, based on high-single digit growth expectation in net sales and operating income, the company anticipates fiscal 2013 earnings in the range of $3.60 to $4.00 per share.
Further, we believe Brown-Forman's strategy of expanding Jack Daniel's market share in the developed markets, such as France and the U.S., and emerging markets including Russia, Poland and Mexico, where the whiskey category is in early stages of development, will boost its top line. In addition, the company's plan to build new cooperage for manufacturing barrels for Jack Daniel's Tennessee Whiskey will facilitate it in continuing supply of this premium whiskey along with its demand.
Brown-Forman is one of the leading producers and distributors of premium alcoholic beverages in the world. The company commands a strong portfolio of globally recognized brands, such as Jack Daniel's, Finlandia, Southern Comfort and Canadian Mist. This provides a competitive edge to the company and bolsters its well-established position in the market.
However, continued macroeconomic headwinds and the resultant cutback in discretionary spending along with intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ) and Diageo plc ( DEO ) may weigh upon the company's growth prospects.
BEAM INC (BEAM): Free Stock Analysis Report
BROWN FORMAN B (BF.B): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, continued macroeconomic headwinds and the resultant cutback in discretionary spending along with intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ) and Diageo plc ( DEO ) may weigh upon the company's growth prospects. BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover,gross profit margin shrunk 90 basis points (bps) to 52.6% due to increased excise taxes, while higher advertising and selling, general and administrative (SG&A) expenses led to a contraction of 60 bps in operating margin to 19.6%.
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BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. However, continued macroeconomic headwinds and the resultant cutback in discretionary spending along with intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ) and Diageo plc ( DEO ) may weigh upon the company's growth prospects. Battered by higher excise tax along with increased operating expenses, Brown-Forman reported a weak fourth-quarter 2012 results with earnings falling 5.2% to 73 cents per share, missing the Zacks Consensus Estimate of 76 cents.
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BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. However, continued macroeconomic headwinds and the resultant cutback in discretionary spending along with intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ) and Diageo plc ( DEO ) may weigh upon the company's growth prospects. Battered by higher excise tax along with increased operating expenses, Brown-Forman reported a weak fourth-quarter 2012 results with earnings falling 5.2% to 73 cents per share, missing the Zacks Consensus Estimate of 76 cents.
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However, continued macroeconomic headwinds and the resultant cutback in discretionary spending along with intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ) and Diageo plc ( DEO ) may weigh upon the company's growth prospects. BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report To read this article on Zacks.com click here. Battered by higher excise tax along with increased operating expenses, Brown-Forman reported a weak fourth-quarter 2012 results with earnings falling 5.2% to 73 cents per share, missing the Zacks Consensus Estimate of 76 cents.
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2012-07-18 00:00:00 UTC
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STZ Closes Mark West Acquisition - Analyst Blog
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https://www.nasdaq.com/articles/stz-closes-mark-west-acquisition-analyst-blog-2012-07-18
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Constellation Brands Inc . ( STZ ) has recently completed the acquisition of Mark West wine brand from California-based Purple Wine Company, LLC. Constellation Brands paid a total sum of $160 million to complete the acquisition. This strategic move expanded its hard beverage portfolio.
Per the agreement, the acquisition will include some grape supply contracts and wine inventories from three California labels, i.e. a California pinot noir, a Russian River reserve pinot noir and a Santa Lucia reserve pinot noir.
Being the best-selling and fastest growing brand in the U.S., Mark West holds leadership in $10 - $12 price category, registering a growth of 35% in volume in the last 12 weeks. At present, approximately 600,000 cases of Mark West pinot noir are being sold annually in U.S. We believe this acquisition will strengthen Constellation Brands' pinot noir brand portfolio.
At the end of first-quarter fiscal 2013, Constellation Brands had $69.1 million of cash and cash equivalents. Moreover, the company generated $96.4 million and $76.8 million of cash from operations and free cash flow, respectively.
Furthermore, the company has remaining $850 million under its revolving credit facility. Although the company is silent about the source of fund, we expect that the company has utilized a portion of its credit facility to complete the acquisition.
We believe that the company's strategic initiative of expanding footholds in the U.S wine industry along with focus on brand building and promotion will enhance its growth opportunities while strengthening its market position.
Moreover, in an effort to generate strong margins, Constellation Brands is also focusing on higher priced segment across all key categories. The company in a drive to enhance its presence in the U.S. beer market has entered into an agreement with Anheuser-Busch InBev ( BUD ) to acquire the remaining 50% stake of Crown Imports. Constellation Brands believes that the acquisition will be significantly accretive to its earnings per share and free cash flow.
Constellation Brands is the largest wine company in the world and commands a dominant position in the premium wine segment in the U.S. The company is also a leading producer of wines in Canada and New Zealand. This provides a competitive edge to the company and bolsters its well-established position in the market.
However, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ), Brown-Forman Corporation ( BF.B ) and Diageo plc ( DEO ). Moreover, Constellation Brands also encounters competition from local and regional players in the respective countries. Consequently, this may dent the company's future operating performance.
We currently have a Zacks #2 Rank (short-term Buy rating) on the stock. Our long-term recommendation on the stock remains Neutral.
BEAM INC (BEAM): Free Stock Analysis Report
BROWN FORMAN B (BF.B): Free Stock Analysis Report
ANHEUSER-BU ADR (BUD): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ), Brown-Forman Corporation ( BF.B ) and Diageo plc ( DEO ). BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Being the best-selling and fastest growing brand in the U.S., Mark West holds leadership in $10 - $12 price category, registering a growth of 35% in volume in the last 12 weeks.
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BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. However, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ), Brown-Forman Corporation ( BF.B ) and Diageo plc ( DEO ). At present, approximately 600,000 cases of Mark West pinot noir are being sold annually in U.S. We believe this acquisition will strengthen Constellation Brands' pinot noir brand portfolio.
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BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. However, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ), Brown-Forman Corporation ( BF.B ) and Diageo plc ( DEO ). ( STZ ) has recently completed the acquisition of Mark West wine brand from California-based Purple Wine Company, LLC.
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However, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ), Brown-Forman Corporation ( BF.B ) and Diageo plc ( DEO ). BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Constellation Brands Inc .
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2012-07-03 00:00:00 UTC
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Constellation Acquires Crown Import - Analyst Blog
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https://www.nasdaq.com/articles/constellation-acquires-crown-import-analyst-blog-2012-07-03
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In a strategic move to enhance its presence in the U.S. beer market, Constellation Brands Inc . ( STZ ) has entered into an agreement with Anheuser-Busch InBev ( BUD ) to acquire the remaining 50% stake of Crown Imports.
Constellation Brands has a 50-50 joint venture with Grupo Modelo S.A.B. de C.V. (Modelo) in Crown Imports. Previously, AB InBev has completed its proposed acquisition of Modelo.
Per the agreement, Constellation Brands will pay $1.85 billion to complete Crown Import acquisition and will hold the right of distribution, marketing and pricing of Modelo brands in the U.S. AB InBev will be responsible for maintaining the supply and quality of products along with innovations.
At the end of first-quarter fiscal 2013, Constellation Brands had $69.1 million of cash and cash equivalents. Moreover, the company generated $96.4 million and $76.8 million of cash from operations and free cash flow, respectively. Furthermore, the company has remaining $850 million under its revolving credit facility.
We believe the financial condition of the company is not solid enough and so it will require bridge financing to complete the transaction or may also opt for permanent financing including revolving credit facilities, term loan and senior notes if market conditions remain favorable.
It is anticipated that the acquisition will increase Constellation Brands' debt-to-EBITDA ratio to mid-four times. However, in next 12 months, Constellation Brands is expecting to generate strong free cash flow which will bring leverage ratio at its targeted range of three to four times.
Moreover, the company notifies that it is going to suspend its ongoing $1.0 billion share repurchase program. Currently, Constellation Brands' has nearly $700 million remaining under its share repurchase authorization.
Crown Imports is the largest beer importer in the U.S. and markets Modelo brands, such as Corona Extra, Corona Light, Modelo Especial, Pacifico, Negra Modelo and Victoria. After the completion of the deal, Constellation Brands will become the largest multi-category supplier of beer, spirits and wine and on a volume basis third-largest total beverage alcohol company in the U.S.
During fiscal 2012 Constellation Brands earned $215 million of equity earnings from Crown Imports which was 50% of the total earnings. Therefore, Constellation Brands believes acquisition will be significantly accretive to its earnings per share and free cash flow.
The company reiterates its fiscal 2013 adjusted earnings per share guidance in the band of $1.93 to $2.03 per share. The guidance excludes any impact of acquisition, however, we expect the transaction will have a positive contribution to the fiscal 2013 earnings performance. The current Zacks Estimate of $1.99 per share is approximately at the midway of the company's guidance range.
Our Recommendation
Constellation Brands is the largest wine company in the world and commands a dominant position in the premium wine segment in the U.S. The company is also a leading producer of wines in Canada and New Zealand. This provides a competitive edge to the company and bolsters its well-established position in the market.
Moreover, continued focus on brand building and promotion along with strategic acquisitions will accelerate its growth opportunities while strengthening its market position. Moreover, in an effort to generate strong margins, Constellation Brands is also focusing on higher priced segment across all key categories. Moreover, the company recently acquired a California based wine company Mark West, which we believe will enhance its presence in Wine market.
However, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ), Brown-Forman Corporation ( BF.B ) and Diageo plc ( DEO ). Moreover, Constellation Brands also encounters competition from local and regional players in the respective countries. Consequently, this may dent the company's future operating performance.
We currently have a Zacks #3 Rank (short-term Hold rating) on the stock. Our long-term recommendation on the stock remains Neutral.
BEAM INC (BEAM): Free Stock Analysis Report
BROWN FORMAN B (BF.B): Free Stock Analysis Report
ANHEUSER-BU ADR (BUD): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ), Brown-Forman Corporation ( BF.B ) and Diageo plc ( DEO ). BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. However, in next 12 months, Constellation Brands is expecting to generate strong free cash flow which will bring leverage ratio at its targeted range of three to four times.
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BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. However, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ), Brown-Forman Corporation ( BF.B ) and Diageo plc ( DEO ). Moreover, the company generated $96.4 million and $76.8 million of cash from operations and free cash flow, respectively.
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BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. However, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ), Brown-Forman Corporation ( BF.B ) and Diageo plc ( DEO ). Per the agreement, Constellation Brands will pay $1.85 billion to complete Crown Import acquisition and will hold the right of distribution, marketing and pricing of Modelo brands in the U.S. AB InBev will be responsible for maintaining the supply and quality of products along with innovations.
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However, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ), Brown-Forman Corporation ( BF.B ) and Diageo plc ( DEO ). BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report ANHEUSER-BU ADR (BUD): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. de C.V. (Modelo) in Crown Imports.
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2012-06-27 00:00:00 UTC
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Earnings Preview: Constellation Brands - Analyst Blog
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https://www.nasdaq.com/articles/earnings-preview%3A-constellation-brands-analyst-blog-2012-06-27
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Constellation Brands Inc. ( STZ ), the largest wine company in the world, is scheduled to release its first-quarter 2013 financial results before the opening bell on Friday, June 29, 2012.
The current Zacks Consensus Estimate for earnings for the quarter is 39 cents a share. For the first quarter, revenue is expected to be $644 million, according to the Zacks Consensus Estimate.
Fourth-Quarter 2012 Recap
Constellation delivered adjusted earnings of 69 cents per share in the fourth quarter of fiscal 2012, outpacing the Zacks Consensus Estimate of 38 cents and surging nearly two-fold from the prior-year period earnings of 35 cents. The year-over-year increase in the bottom line was primarily driven by benefits from negative tax rates and improved margins.
However, sales in the quarter dropped 12.2% to $628.1 million from the year-ago quarter. The fall was due to the divestitures of the Australian and U.K. wine businesses, partially offset by improved sales at North American business. Sales also missed the Zacks Consensus Estimate of $633 million. The company's North American organic constant currency net sales increased 5% driven by improved volume and favorable product mix.
Apart from this, Constellation achieved a record free cash flow of $715.7 million during fiscal 2012, enabling the company to reduce debt, fund stock repurchases and make acquisitions.
Fiscal 2013 Outlook
The company expects its fiscal 2013 adjusted earnings in the band of $1.93 to $2.03 per share compared with $2.34 in fiscal 2012.
On a reported basis, the company expects earnings in the range of $1.89-$1.99 per share compared with $2.13 in fiscal 2012. Moreover, the company anticipates generating a free cash flow in the range of $425 million to $475 million.
Zacks Consensus
The analysts covered by Zacks expect Constellation to post first-quarter 2013 earnings of 39 cents a share, flat compared to the prior-year quarter. Currently, the Zacks Consensus Estimate ranges between 38 cents and 41 cents a share.
For fiscal 2013, the Zacks Consensus Estimate stood at $2.00 per share, lower than the previous fiscal earnings of $2.34 per share. The current Zacks Consensus Estimate for the fiscal ranges between $1.95 and $2.04 per share.
Agreement of Estimate
Over the last 7 and 30 days, no movement in estimates has been noticed either for the first quarter or fiscal 2013.
Magnitude of Estimate Revisions
With no earnings revisions by the analysts over the last 7 or 30 days, the Zacks Consensus Estimates for the first quarter and fiscal 2013 remained unchanged at 39 cents and $2.00 per share, respectively.
Surprise History
With respect to earnings surprises, Constellation has topped the Zacks Consensus Estimate over the last four quarters in an average range of positive 34.6%, indicating that Constellation Brands has surpassed the Zacks Consensus Estimate by that measure in the trailing four quarters.
Our Recommendation
We believe that the company's strategic initiative of expanding its foothold in the U.S. wine industry along with focus on brand building and promotion will accelerate its growth opportunities while strengthening its market position. Moreover, in an effort to generate strong margins, Constellation Brands is also focusing on higher priced segments across all key categories.
Moreover, the stake sale in the Australian and U.K. businesses will help Constellation to focus on organic growth of its brand portfolio, margin improvement, return on invested capital and free cash flow. During the last two years, the Australian and U.K. businesses were facing challenging market conditions, which were no longer consistent with Constellation Brands' business strategy.
In addition, we believe the company's newly issued $600 million worth of senior notes along with $1,650 million of new senior credit facility will strengthen its financial position, and provide liquidity to pay its current maturities with ease while focusing on future growth prospects.
However, distilled spirits are subject to excise tax in various countries. Rising fiscal pressure in the U.S., European and many emerging markets may lead to increasing risk of a potential excise tax on spirits by governments of respective countries. We believe any excise tax increase in the future may have an adverse effect on Constellation Brands' financial performance.
Above all, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ), Brown-Forman Corporation ( BF.B ) and Diageo plc ( DEO ). Moreover, Constellation Brands also encounters competition from local and regional players in the respective countries. Consequently, this may dent the company's future operating performance.
Currently, Constellation Brands holds a Zacks #3 Rank, implying a short-term Hold rating on the stock. In the long term, we have a Neutral recommendation on the stock.
BEAM INC (BEAM): Free Stock Analysis Report
BROWN FORMAN B (BF.B): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Above all, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ), Brown-Forman Corporation ( BF.B ) and Diageo plc ( DEO ). BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Apart from this, Constellation achieved a record free cash flow of $715.7 million during fiscal 2012, enabling the company to reduce debt, fund stock repurchases and make acquisitions.
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BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Above all, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ), Brown-Forman Corporation ( BF.B ) and Diageo plc ( DEO ). Zacks Consensus The analysts covered by Zacks expect Constellation to post first-quarter 2013 earnings of 39 cents a share, flat compared to the prior-year quarter.
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BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Above all, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ), Brown-Forman Corporation ( BF.B ) and Diageo plc ( DEO ). Fourth-Quarter 2012 Recap Constellation delivered adjusted earnings of 69 cents per share in the fourth quarter of fiscal 2012, outpacing the Zacks Consensus Estimate of 38 cents and surging nearly two-fold from the prior-year period earnings of 35 cents.
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Above all, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ), Brown-Forman Corporation ( BF.B ) and Diageo plc ( DEO ). BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, the company anticipates generating a free cash flow in the range of $425 million to $475 million.
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2012-06-18 00:00:00 UTC
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BF.B to Make Barrels in Alabama - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/bf.b-to-make-barrels-in-alabama-analyst-blog-2012-06-18
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Concurrent to its announcement of a 3-for-2 stock split, liquor maker Brown-Forman Corporation ( BF.B ) came up with its plan to build a new cooperage for manufacturing barrels for Jack Daniel's Tennessee Whiskey, given the growing global demand for the whiskey. The company plans to put up the new facility in Decatur, Alabama.
The company believes barrel-making is an important ingredient of making quality whiskey as it adds to the taste of the product. The company is the only major distiller, who makes its own barrels.
The new Alabama facility will be the second Brown-Forman cooperage - the first one is operational in Louisville, Kentucky. The new facility, which is expected to be operational by May 2014, will double the company's barrel making capacity. The facility is expected to employ about 200 workers.
Brown-Forman's barrel-making facility is ideally located close to the Jack Daniel Distillery in Lynchburg, Tennessee and at the centre of the two mills that supply wood for the barrels.
Apart from Jack Daniel's Tennessee, leading distiller Brown-Forman possesses a fine quality beverage alcohol brands, such as Finlandia, Southern Comfort and Canadian Mist. This strong portfolio of globally recognized brands provides the company a competitive edge and bolsters its well-established position in the market.
Moreover, we believe Brown-Forman's strategy of expanding Jack Daniel's market share in developed markets, such as France and the U.S., and emerging markets including Russia, Poland and Mexico, where the whiskey category is in early stages of development will boost its top line.
Brown-Forman is in direct competition with Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). Currently, Brown-Forman has a Zacks #4 Rank, implying a short-term Sell rating. We maintain our long-term Neutral recommendation on the stock.
BEAM INC (BEAM): Free Stock Analysis Report
BROWN FORMAN B (BF.B): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Brown-Forman is in direct competition with Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Brown-Forman's barrel-making facility is ideally located close to the Jack Daniel Distillery in Lynchburg, Tennessee and at the centre of the two mills that supply wood for the barrels.
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Brown-Forman is in direct competition with Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Brown-Forman is in direct competition with Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). Concurrent to its announcement of a 3-for-2 stock split, liquor maker Brown-Forman Corporation ( BF.B ) came up with its plan to build a new cooperage for manufacturing barrels for Jack Daniel's Tennessee Whiskey, given the growing global demand for the whiskey.
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Brown-Forman is in direct competition with Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. The new facility, which is expected to be operational by May 2014, will double the company's barrel making capacity.
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2012-06-18 00:00:00 UTC
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Tom Russo's Favorite Stocks with Emerging Market Growth
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https://www.nasdaq.com/articles/tom-russos-favorite-stocks-emerging-market-growth-2012-06-18
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Tom Russo , partner at Gardner Russo & Gardner overseeing $5 billion, has an investing strategy that bypasses all of the turmoil in the U.S. and abroad: looking for companies that have superior brands, long-term growth objectives and operations in emerging markets where their products are becoming affordable. He interviewed in Barron's this weekend and talked about his favorite stocks. Three of them are Nestle ( NSRGY ), Diageo ( DEO ) and MasterCard ( MA ).
Nestle ( NSRGY )
Tom Russo mentions in his Barron's interview that he first invested in Nestle in 1987, which is a typical holding period for him. From the first quarter of 2011 to the first quarter of 2012 he bought 10,566,775 more shares.
When Barron's asked:"What portion of Nestl�'s profits come from the developing world? " Russo responded:
His comments about Nestle's developing market potential are echoed in the company's first-quarter 2012 financial results. "As anticipated, 2012 is already confirming itself to be a challenging year. In many developed markets where consumer confidence is low, the trading environment is subdued whilst in most emerging markets, conditions remain dynamic and rich in growth opportunities," Paul Bulcke, Nestle CEO said.
The company's business grew 13% in emerging markets, compared to 3.1 percent in developed markets. Its investment into emerging markets is what has enabled the European company to grow 5.6 percent overall while European organic sales grew 2.3% and real organic growth was 0.2%.
Moreover, the$11.85 billion purchase of Pfizer's nutrition business Russo mentioned has expanded their global reach in infant nutrition. Eighty-five percent of the business' sales are in emerging markets, most of which have large, fast-growing populations.
Nestle has produced an 8.1% revenue and 11.8% EBITDA annual growth rate over the last 10 years.
Diageo ( DEO )
Russo favors beverage and spirits businesses in his portfolio. These companies are also benefiting from emerging-market growth. London-based Diageo is his largest spirits business. He owns 414,363 shares at March 31, 2012.
He says what he likes about the liquor business in his Barron's video: "Pernod Ricard, Diageo, and Brown-Forman are all investing against current results to deepen their offerings, deepen their distribution, deepen their advertising message, and deepen their on-premise promotions. They are doing all these things today to spark demand for the future."
He also notes their expansion potential, particularly in China. Diageo's organic net sales increased 7% in the nine months ended March 31, 2012. While sales in Europe dropped 1%, sales in the Latin America and Caribbean region jumped 18%, and were up 12% in Africa and 10% in Asia Pacific.
Its Asia Pacific growth was due to its premiumization strategy in Scotch in the emerging Asian markets. The company also acquired Meta Abo Brewery, the second-largest beer company in Ethiopia, and commissioned a new brewery in Moshi, Tanzania, to meet demand for its premium products and consolidate its position as the top beer and spirits company in East Africa. Diageo has invested more than 1 billion pounds over the last five years to build growth in Africa.
In the last ten years, Diageo has grown revenue at a rate of 2.9 percent annually, and EBITDA at 14.8 percent annually.
MasterCard ( MA )
In payment systems, Russo likes MasterCard as a company that is "willing to redeploy Western-market cash flows into the expansion of those brands in the developing worlds..." MasterCard operates in 210 countries and territories by processing billions of payments worldwide.
In 2011, MasterCard expanded its global operations by forming joint ventures with Telefonica ( TEF ) to advance the development of mobile financial solutions in Latin America. Big increases in online shopping were seen across numerous international markets in 2011, however. Thailand had the most online shoppers at 80%. The biggest increases occurred in the Philippines, Indonesia and Australia, which were all up double digits. Others - India, Singapore and Korea - all saw double-digit declines. The market for all types of mobile payments combined is expected to double to $600 billion globally by 2013, according to research MasterCard cites by Juniper Research.
In February, MasterCard announced its Mobile Money Partnership Program to help 2.5 billion unbanked people get access to formal financial services through their mobile phones. Through partnerships with platforms in those areas, they have enabled consumers to use their mobile phones to pay at millions of brick and mortar and online merchants, transfer funds and pay bills.
The company continues to derive more of its revenues from outside the U.S. In 2011, it generated 39.6% of its revenue from the U.S., in 2010 41.6% and in 2009 42.4%.
In the last five years, MasterCard has produced 14.6% revenue and 41% free cash flow growth annually. Tom Russo became an investor in the third quarter of 2008 and after numerous subsequent purchases owns 811,402 shares as of March 31, 2012.
See more of Tom Russo's portfolio here . Also check out the Undervalued Stocks, Top Growth Companies and High Yield stocks of Tom Russo.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Three of them are Nestle ( NSRGY ), Diageo ( DEO ) and MasterCard ( MA ). Diageo ( DEO ) Russo favors beverage and spirits businesses in his portfolio. He says what he likes about the liquor business in his Barron's video: "Pernod Ricard, Diageo, and Brown-Forman are all investing against current results to deepen their offerings, deepen their distribution, deepen their advertising message, and deepen their on-premise promotions.
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Three of them are Nestle ( NSRGY ), Diageo ( DEO ) and MasterCard ( MA ). Diageo ( DEO ) Russo favors beverage and spirits businesses in his portfolio. He says what he likes about the liquor business in his Barron's video: "Pernod Ricard, Diageo, and Brown-Forman are all investing against current results to deepen their offerings, deepen their distribution, deepen their advertising message, and deepen their on-premise promotions.
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Three of them are Nestle ( NSRGY ), Diageo ( DEO ) and MasterCard ( MA ). Diageo ( DEO ) Russo favors beverage and spirits businesses in his portfolio. He says what he likes about the liquor business in his Barron's video: "Pernod Ricard, Diageo, and Brown-Forman are all investing against current results to deepen their offerings, deepen their distribution, deepen their advertising message, and deepen their on-premise promotions.
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Three of them are Nestle ( NSRGY ), Diageo ( DEO ) and MasterCard ( MA ). Diageo ( DEO ) Russo favors beverage and spirits businesses in his portfolio. He says what he likes about the liquor business in his Barron's video: "Pernod Ricard, Diageo, and Brown-Forman are all investing against current results to deepen their offerings, deepen their distribution, deepen their advertising message, and deepen their on-premise promotions.
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2012-06-18 00:00:00 UTC
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Diageo's Wine Adds More Flavors - Analyst Blog
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https://www.nasdaq.com/articles/diageos-wine-adds-more-flavors-analyst-blog-2012-06-18
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Diageo Plc. ( DEO ) recently announced that it is expanding its Chateau & Estate Wine portfolio by adding three more varieties: Stark Raving, Butterfly Kiss and Rose'N'Blum.
The company expects to distribute them throughout the U.S. by the end of summer 2012. The new flavors are targeted towards young wine lovers preferring non-traditional tastes.
Stark Raving wine labels have two variants -- Stark Raving Red and Stark Raving White. The winemaker of Star Raving wines also plans to add a Malbec variant from Argentina and a French Cabernet to the brand's line up.
Butterfly Kiss wine labels offer brands like Chardonnay, Pinot Grigio and Pink Pinot Grigio. Another flavor called Mosato is scheduled to join the lineup soon. As for Rose'N'Blum, it offers brands like Rose'N' Blum Pinot Grigio and Pink Moscato.
Diageo's Chateau & Estate Wines manufactures and markets premium wines from vineyards around the world, including Napa Valley, Sonoma, the California Central Coast, Argentina, France, Italy, New Zealand and Australia. Diageo Chateau & Estate Wine also imports Bordeaux and Burgundy estate-bottled wines.
Apart from wine, Diageo's collection includes a wide range of brands across spirits, including Johnnie Walker, Guinness, Smirnoff, Baileys, Cuervo, Tanqueray, Captain Morgan and Crown Royal.
The company is on an expansion spree to boost its spirits portfolio, and has announced an investment plan in Scotch whiskey production. As a part of the investment plan, Diageo plans to build a major new malt distillery and also expand its existing ones. New warehouses are scheduled to come up to store the extra amount of spirit that will be brewed as a part of the expansion plan.
In June 2012, Diageo bought Cabin Fever Maple Flavored Whiskey, a move that will allow the company to tap the growing markets of flavored whiskey and craft distilling.
Diageo started its new restructuring program in fiscal 2011. Under the program, Diageo is reviewing its operating model with an objective to improve the effectiveness and productivity of the group's operations and deploy resources closer to the market as well as in the geographical regions where the potential for growth is highest. We are optimistic regarding the effectiveness of the model once it becomes operational by June 2013.
However, the recent economic uncertainty has adversely affected Diageo, as customers are opting for lower-priced brands over premium ones. The effect due to this change in consumers' spending pattern was reflected through the company's weak performances in Nigerian and European markets during the first half of fiscal 2012. A sluggish recovery in these markets is expected to negatively impact the demand for Diageo's premium offerings and in turn affect its top-line growth.
Diageo closely competes with Molson Coors Brewing Company ( TAP ) and SABMiller Plc ( SBMRY ). Currently, we have a long-term Neutral recommendation on Diageo, which carries a Zacks #3 Rank (short-term Hold rating).
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
(SBMRY): ETF Research Reports
MOLSON COORS-B (TAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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( DEO ) recently announced that it is expanding its Chateau & Estate Wine portfolio by adding three more varieties: Stark Raving, Butterfly Kiss and Rose'N'Blum. DIAGEO PLC-ADR (DEO): Free Stock Analysis Report (SBMRY): ETF Research Reports MOLSON COORS-B (TAP): Free Stock Analysis Report To read this article on Zacks.com click here. The effect due to this change in consumers' spending pattern was reflected through the company's weak performances in Nigerian and European markets during the first half of fiscal 2012.
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DIAGEO PLC-ADR (DEO): Free Stock Analysis Report (SBMRY): ETF Research Reports MOLSON COORS-B (TAP): Free Stock Analysis Report To read this article on Zacks.com click here. ( DEO ) recently announced that it is expanding its Chateau & Estate Wine portfolio by adding three more varieties: Stark Raving, Butterfly Kiss and Rose'N'Blum. Stark Raving wine labels have two variants -- Stark Raving Red and Stark Raving White.
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( DEO ) recently announced that it is expanding its Chateau & Estate Wine portfolio by adding three more varieties: Stark Raving, Butterfly Kiss and Rose'N'Blum. DIAGEO PLC-ADR (DEO): Free Stock Analysis Report (SBMRY): ETF Research Reports MOLSON COORS-B (TAP): Free Stock Analysis Report To read this article on Zacks.com click here. Diageo's Chateau & Estate Wines manufactures and markets premium wines from vineyards around the world, including Napa Valley, Sonoma, the California Central Coast, Argentina, France, Italy, New Zealand and Australia.
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( DEO ) recently announced that it is expanding its Chateau & Estate Wine portfolio by adding three more varieties: Stark Raving, Butterfly Kiss and Rose'N'Blum. DIAGEO PLC-ADR (DEO): Free Stock Analysis Report (SBMRY): ETF Research Reports MOLSON COORS-B (TAP): Free Stock Analysis Report To read this article on Zacks.com click here. A sluggish recovery in these markets is expected to negatively impact the demand for Diageo's premium offerings and in turn affect its top-line growth.
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2012-06-15 00:00:00 UTC
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Brown-Forman to Split Stocks 3-for-2 - Analyst Blog
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https://www.nasdaq.com/articles/brown-forman-to-split-stocks-3-for-2-analyst-blog-2012-06-15
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Leading global producer and distributor of premium alcoholic beverages, Brown-Forman Corporation ( BF.B ) announced its intention to split its Class A and Class B common stocks, proposing to distribute one additional share to shareholders for every two shares held.
Per the announcement, Brown-Forman proposes to distribute the new shares under the 3-for-2 stock split in the form of a stock dividend. Presently, the split proposal is subject to receiving shareholder approval and their vote on the issue in the regular annual meeting to be held on July 26, 2012.
If approved, the company plans to complete the proposed split on August 3, 2012, with the shareholders receiving the additional shares on August 10. This split will add to the company's history of stock splits marking the sixth split in the last 35 years.
Moreover, the company indicated that the proposed stock split will not hamper the company's quarterly cash dividend of 35 cents per share payable on July 2, 2012.
Brown-Forman's stock split announcement reflects the company's commitment to enhance long-term value for shareholders. It also portrays the company's confidence to boost its longer-term prospects for earnings as well as cash flows.
Brown-Forman reported fiscal year 2012 financial results on June 6, 2012. The company's adjusted earnings of $3.56 per share during fiscal 2012 fell short of the Zacks Consensus Estimate of $3.59 as well the previous fiscal earnings of $3.57. However, net sales during the fiscal increased 6% to $3,614.4 million compared with $3,404.3 million in fiscal 2011, surpassing the Zacks Consensus Estimate of $3,453 million.
During fiscal 2012, Brown-Forman generated $516 million of cash from operations and deployed $192 million for dividend payout, $220 million toward share repurchase, $58 million on capital expenditures and $248 million toward debt repayment.
Brown-Forman ended the fiscal with cash and cash equivalents of $338 million and long-term debt of $506 million (including the current maturities) compared with $567 million and $759 million, respectively, in fiscal 2011.
Brown-Forman possessing brands such as Jack Daniel's, Finlandia, Southern Comfort and Canadian Mist, commands a strong portfolio of globally recognized brands. We believe this provides a competitive edge to the company and bolsters its well-established position in the market.
Brown-Forman is in direct competition with Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). Currently, Brown-Forman has a Zacks #3 Rank, implying a short-term Hold rating. We maintain our long-term Neutral recommendation on the stock.
BEAM INC (BEAM): Free Stock Analysis Report
BROWN FORMAN B (BF.B): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Brown-Forman is in direct competition with Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Leading global producer and distributor of premium alcoholic beverages, Brown-Forman Corporation ( BF.B ) announced its intention to split its Class A and Class B common stocks, proposing to distribute one additional share to shareholders for every two shares held.
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BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Brown-Forman is in direct competition with Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). Leading global producer and distributor of premium alcoholic beverages, Brown-Forman Corporation ( BF.B ) announced its intention to split its Class A and Class B common stocks, proposing to distribute one additional share to shareholders for every two shares held.
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BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Brown-Forman is in direct competition with Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). During fiscal 2012, Brown-Forman generated $516 million of cash from operations and deployed $192 million for dividend payout, $220 million toward share repurchase, $58 million on capital expenditures and $248 million toward debt repayment.
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Brown-Forman is in direct competition with Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Brown-Forman's stock split announcement reflects the company's commitment to enhance long-term value for shareholders.
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2012-06-12 00:00:00 UTC
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Diageo Expands Spirits Portfolio - Analyst Blog
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https://www.nasdaq.com/articles/diageo-expands-spirits-portfolio-analyst-blog-2012-06-12
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Diageo Plc. ( DEO ) recently announced that it has bought Cabin Fever Maple Flavored Whiskey, a move that will allow the company to tap the growing markets of flavored whiskey and craft distilling. Cabin Fever Whiskey was introduced in the U.S. in 2007.
Diageo plans to start selling Cabin Fever Whiskey this fall. The company already owns leading brands like Johnnie Walker, J&B and Smirnoff. The Cabin Fever Maple Flavored Whiskey acquisition adds a new name to Diageo's Catalyst Division, which is known for exclusive high potential brands.
The retail giant is on an expansion spree to boost its spirits category, and has announced a £1 billion ($1.25 billion) investment plan in Scotch whiskey production. As a part of the investment plan, Diageo plans to build a major new malt distillery and also expand its existing ones. New warehouses are also scheduled to come up to store the extra amount of spirit that will be brewed as a part of the expansion plan.
The expansion was announced on the heels of the company's plan to acquire the leading premium cachaça brand, Ypióca, from Ypióca Agroindustrial Limitada in Brazil. The £300 million (approximately $375.0 million) transaction is a part of Diageo's strategy to expand in the fast-growing economies.
Diageo started its new restructuring program in fiscal 2011. Under the program, Diageo is reviewing its operating model with an objective to improve the effectiveness and productivity of the group's operations and deploy resources closer to the market as well as in the geographical regions where the potential for growth is highest. We are optimistic regarding the effectiveness of the model once it becomes operational by June 2013.
However, the recent economic downturn has adversely affected Diageo's performance by compelling customers, who prefer lower-priced brands over premium ones, to reduce discretionary spending. The company's markets in Nigeria and Europe recorded weak performances during the first half of fiscal 2012, primarily due to this change in spending pattern. A sluggish recovery in these markets is expected to negatively impact the demand for Diageo's premium offerings and in turn affect its top-line growth.
Diageo closely competes with Molson Coors Brewing Company ( TAP ) and SABMiller Plc ( SBMRY ). Currently, we have a long-term Neutral recommendation on Diageo, which carries a Zacks #3 Rank (short-term Hold rating).
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
(SBMRY): ETF Research Reports
MOLSON COORS-B (TAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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( DEO ) recently announced that it has bought Cabin Fever Maple Flavored Whiskey, a move that will allow the company to tap the growing markets of flavored whiskey and craft distilling. DIAGEO PLC-ADR (DEO): Free Stock Analysis Report (SBMRY): ETF Research Reports MOLSON COORS-B (TAP): Free Stock Analysis Report To read this article on Zacks.com click here. The Cabin Fever Maple Flavored Whiskey acquisition adds a new name to Diageo's Catalyst Division, which is known for exclusive high potential brands.
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( DEO ) recently announced that it has bought Cabin Fever Maple Flavored Whiskey, a move that will allow the company to tap the growing markets of flavored whiskey and craft distilling. DIAGEO PLC-ADR (DEO): Free Stock Analysis Report (SBMRY): ETF Research Reports MOLSON COORS-B (TAP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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( DEO ) recently announced that it has bought Cabin Fever Maple Flavored Whiskey, a move that will allow the company to tap the growing markets of flavored whiskey and craft distilling. DIAGEO PLC-ADR (DEO): Free Stock Analysis Report (SBMRY): ETF Research Reports MOLSON COORS-B (TAP): Free Stock Analysis Report To read this article on Zacks.com click here. The Cabin Fever Maple Flavored Whiskey acquisition adds a new name to Diageo's Catalyst Division, which is known for exclusive high potential brands.
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( DEO ) recently announced that it has bought Cabin Fever Maple Flavored Whiskey, a move that will allow the company to tap the growing markets of flavored whiskey and craft distilling. DIAGEO PLC-ADR (DEO): Free Stock Analysis Report (SBMRY): ETF Research Reports MOLSON COORS-B (TAP): Free Stock Analysis Report To read this article on Zacks.com click here. Diageo plans to start selling Cabin Fever Whiskey this fall.
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27e3bab5-f81d-40d9-8de4-527333b2f9b2
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728193.0
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2012-06-05 00:00:00 UTC
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Earnings Preview: Brown-Forman - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/earnings-preview%3A-brown-forman-analyst-blog-2012-06-05
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nan
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nan
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Brown-Forman Corporation ( BF.B ), one of the leading producers and distributors of premium alcoholic beverages in the world, is scheduled to report its fourth-quarter and fiscal 2012 financial results before the opening bell on June 6, 2012.
The current Zacks Consensus Estimate for the quarter is 76 cents per share. For the quarter under review, revenue is expected to be $805 million, according to the Zacks Consensus Estimate.
For fiscal 2012, the Zacks Consensus Estimate stands at $3.59 per share while revenue is expected to be $3,453 million.
Third-Quarter 2012 - A Synopsis
Brown-Forman reported earnings of 93 cents per share for third-quarter 2012, missing the Zacks Consensus Estimate of $1.00 and declined approximately 3.1% from the year-ago earnings of 96 cents. Higher input and fuel costs coupled with increased operating expenses affected the company's bottom line.
Brown-Forman's net sales remained almost flat year over year at $959 million. As per the company, the distributors piled up the inventories in anticipation of a price rise during the second quarter, which was the main reason for flat third-quarter sales.
Guidance for Fiscal 2012
In anticipation of a solid improvement in consumer trends during the last quarter of fiscal 2012, Brown-Forman expects high-single digit growth in net sales and operating income. However, it anticipates that the stronger U.S. dollar value may have an adverse impact on its bottom line. Accordingly, the company narrowed its earnings guidance range at the time of third-quarter earnings release. Currently, Brown-Forman expects fiscal 2012 earnings in the range of $3.50 to $3.65 per share instead of $3.45 to $3.70.
Zacks Consensus
The analysts following the stock expect Brown-Forman to post fourth-quarter 2012 earnings of 76 cents a share, lower than 80 cents delivered in the prior-year quarter. Currently, the Zacks Consensus Estimate ranges between 71 cents and 77 cents a share.
For fiscal 2012, the Zacks Consensus Estimate stands at $3.59 per share, higher than the year-ago fiscal earnings of $3.57. The current Zacks Consensus Estimate ranges between $3.55 and $3.60 per share.
Agreement of Estimate
For the fourth quarter of fiscal 2012, of the 7 analysts covering the stock, only 1 analyst revised its estimates upward, while none have revised their estimates in the downward direction, over the last 30 days. For full fiscal 2012, 1 analyst revised their estimate downward, while none revised in the opposite direction, in the last 30 days.
In the last 7 days, no movement in estimates has been noticed in either direction either for fourth-quarter 2012 or fiscal 2012.
Magnitude of Estimate Revisions
The magnitude of estimate revisions for Brown-Forman depicts a neutral outlook for the upcoming fourth quarter and fiscal 2012. Over the last 7 days, estimates for the upcoming quarter and fiscal 2012 have remained unchanged at 76 cents and $3.59 per share, respectively.
However, in the last 30 days, estimates for the upcoming fourth quarter moved up by a penny to 76 cents per share while they remain unchanged at $3.59 for fiscal 2012.
Surprise History
With respect to earnings surprises, Brown-Forman has missed as well as topped the Zacks Consensus Estimate over the last four quarters in the range of negative 7% to positive 25%. The average remained a positive 5.2%. This suggests that Brown-Forman has surpassed the Zacks Consensus Estimate by an average of 5.2% in the trailing four quarters.
Our Recommendation
Brown-Forman is one of the leading producers and distributors of premium alcoholic beverages in the world. The company commands a strong portfolio of globally recognized brands, such as Jack Daniel's, Finlandia, Southern Comfort and Canadian Mist. We believe this provides a competitive edge to the company and bolsters its well-established position in the market.
Moreover, we believe Brown-Forman's strategy of expanding Jack Daniel's market share in developed markets, such as France and the U.S., and emerging markets including Russia, Poland and Mexico, where the whiskey category is in early stages of development will boost its top line.
However, apart from macroeconomic headwinds, distilled spirits are subject to excise tax in various countries. Rising fiscal pressure in the U.S., European and many emerging markets may lead to increasing risk of a potential excise tax on spirits by the governments of respective countries. The effect of any excise tax increase in future may have an adverse effect on Brown-Forman's financial performance.
Above all, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). Moreover, Brown-Forman also encounters competition from local and regional players in the respective countries. Consequently, this may dent the company's future operating performance.
Currently, Brown-Forman has a Zacks #4 Rank, which implies a short-term Sell rating. However, we maintain a long-term Neutral recommendation on the stock.
BEAM INC (BEAM): Free Stock Analysis Report
BROWN FORMAN B (BF.B): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Above all, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Brown-Forman Corporation ( BF.B ), one of the leading producers and distributors of premium alcoholic beverages in the world, is scheduled to report its fourth-quarter and fiscal 2012 financial results before the opening bell on June 6, 2012.
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BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Above all, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). Third-Quarter 2012 - A Synopsis Brown-Forman reported earnings of 93 cents per share for third-quarter 2012, missing the Zacks Consensus Estimate of $1.00 and declined approximately 3.1% from the year-ago earnings of 96 cents.
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Above all, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Third-Quarter 2012 - A Synopsis Brown-Forman reported earnings of 93 cents per share for third-quarter 2012, missing the Zacks Consensus Estimate of $1.00 and declined approximately 3.1% from the year-ago earnings of 96 cents.
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Above all, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. For fiscal 2012, the Zacks Consensus Estimate stands at $3.59 per share, higher than the year-ago fiscal earnings of $3.57.
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0aa20fd3-66d9-47ad-8139-b4d246304507
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728194.0
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2012-06-05 00:00:00 UTC
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Earning Preview: Brown-Forman - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/earning-preview%3A-brown-forman-analyst-blog-2012-06-05
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nan
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nan
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Brown-Forman Corporation ( BF.B ), one of the leading producers and distributors of premium alcoholic beverages in the world, is scheduled to report its fourth-quarter and fiscal 2012 financial results before the opening bell on June 6, 2012.
The current Zacks Consensus Estimate for the quarter is 76 cents per share. For the quarter under review, revenue is expected to be $805 million, according to the Zacks Consensus Estimate.
For fiscal 2012, the Zacks Consensus Estimate stands at $3.59 per share while revenue is expected to be $3,453 million.
Third-Quarter 2012 - A Synopsis
Brown-Forman reported earnings of 93 cents per share for third-quarter 2012, missing the Zacks Consensus Estimate of $1.00 and declined approximately 3.1% from the year-ago earnings of 96 cents. Higher input and fuel costs coupled with increased operating expenses affected the company's bottom line.
Brown-Forman's net sales remained almost flat year over year at $959 million. As per the company, the distributors piled up the inventories in anticipation of a price rise during the second quarter, which was the main reason for flat third-quarter sales.
Guidance for Fiscal 2012
In anticipation of a solid improvement in consumer trends during the last quarter of fiscal 2012, Brown-Forman expects high-single digit growth in net sales and operating income. However, it anticipates that the stronger U.S. dollar value may have an adverse impact on its bottom line. Accordingly, the company narrowed its earnings guidance range at the time of third-quarter earnings release. Currently, Brown-Forman expects fiscal 2012 earnings in the range of $3.50 to $3.65 per share instead of $3.45 to $3.70.
Zacks Consensus
The analysts following the stock expect Brown-Forman to post fourth-quarter 2012 earnings of 76 cents a share, lower than 80 cents delivered in the prior-year quarter. Currently, the Zacks Consensus Estimate ranges between 71 cents and 77 cents a share.
For fiscal 2012, the Zacks Consensus Estimate stands at $3.59 per share, higher than the year-ago fiscal earnings of $3.57. The current Zacks Consensus Estimate ranges between $3.55 and $3.60 per share.
Agreement of Estimate
For the fourth quarter of fiscal 2012, of the 7 analysts covering the stock, only 1 analyst revised its estimates upward, while none have revised their estimates in the downward direction, over the last 30 days. For full fiscal 2012, 1 analyst revised their estimate downward, while none revised in the opposite direction, in the last 30 days.
In the last 7 days, no movement in estimates has been noticed in either direction either for fourth-quarter 2012 or fiscal 2012.
Magnitude of Estimate Revisions
The magnitude of estimate revisions for Brown-Forman depicts a neutral outlook for the upcoming fourth quarter and fiscal 2012. Over the last 7 days, estimates for the upcoming quarter and fiscal 2012 have remained unchanged at 76 cents and $3.59 per share, respectively.
However, in the last 30 days, estimates for the upcoming fourth quarter moved up by a penny to 76 cents per share while they remain unchanged at $3.59 for fiscal 2012.
Surprise History
With respect to earnings surprises, Brown-Forman has missed as well as topped the Zacks Consensus Estimate over the last four quarters in the range of negative 7% to positive 25%. The average remained a positive 5.2%. This suggests that Brown-Forman has surpassed the Zacks Consensus Estimate by an average of 5.2% in the trailing four quarters.
Our Recommendation
Brown-Forman is one of the leading producers and distributors of premium alcoholic beverages in the world. The company commands a strong portfolio of globally recognized brands, such as Jack Daniel's, Finlandia, Southern Comfort and Canadian Mist. We believe this provides a competitive edge to the company and bolsters its well-established position in the market.
Moreover, we believe Brown-Forman's strategy of expanding Jack Daniel's market share in developed markets, such as France and the U.S., and emerging markets including Russia, Poland and Mexico, where the whiskey category is in early stages of development will boost its top line.
However, apart from macroeconomic headwinds, distilled spirits are subject to excise tax in various countries. Rising fiscal pressure in the U.S., European and many emerging markets may lead to increasing risk of a potential excise tax on spirits by the governments of respective countries. The effect of any excise tax increase in future may have an adverse effect on Brown-Forman's financial performance.
Above all, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). Moreover, Brown-Forman also encounters competition from local and regional players in the respective countries. Consequently, this may dent the company's future operating performance.
Currently, Brown-Forman has a Zacks #4 Rank, which implies a short-term Sell rating. However, we maintain a long-term Neutral recommendation on the stock.
BEAM INC (BEAM): Free Stock Analysis Report
BROWN FORMAN B (BF.B): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Above all, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Brown-Forman Corporation ( BF.B ), one of the leading producers and distributors of premium alcoholic beverages in the world, is scheduled to report its fourth-quarter and fiscal 2012 financial results before the opening bell on June 6, 2012.
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BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Above all, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). Third-Quarter 2012 - A Synopsis Brown-Forman reported earnings of 93 cents per share for third-quarter 2012, missing the Zacks Consensus Estimate of $1.00 and declined approximately 3.1% from the year-ago earnings of 96 cents.
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Above all, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Third-Quarter 2012 - A Synopsis Brown-Forman reported earnings of 93 cents per share for third-quarter 2012, missing the Zacks Consensus Estimate of $1.00 and declined approximately 3.1% from the year-ago earnings of 96 cents.
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Above all, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. For fiscal 2012, the Zacks Consensus Estimate stands at $3.59 per share, higher than the year-ago fiscal earnings of $3.57.
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c875580a-7469-4b29-b6bf-77efd27d6848
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728195.0
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2012-05-09 00:00:00 UTC
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STZ Improves Financial Flexibility - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/stz-improves-financial-flexibility-analyst-blog-2012-05-09
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nan
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nan
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Leading wine and spirits distributor, Constellation Brands Inc. ( STZ ), took a step forward in enhancing the flexibility of its finances by signing up for an additional credit facility with maturities ranging from five to seven years.
Constellation Brands has acquired a new senior credit facility, including a revolving credit facility and two-term loan agreements. The company's new $850 million revolving credit facility has a maturity date after five years and currently remains undrawn. The two term loan agreements, A and A-1, worth $550 million and $250 million, respectively, extend over periods of five and seven years.
Constellation Brands used the funds from the two term loans to pay back the outstanding amounts under the company's previous senior credit facility.
The company's new credit arrangement follows a $600 million worth senior notes issued on April 16, 2012. Bearing a coupon rate of 6%, these notes have a maturity date of May 1, 2022.
These transactions indicate that Constellation Brands is strictly focused on strengthening its financial position while also emphasizing on its future growth plans. These new credit arrangements significantly improve the company's credit profile, providing ample liquidity and free cash flows to meet its capital needs over the next several years.
This along with a favorable interest rate environment will also accelerate the company's strategic initiative of expanding foothold in the U.S wine industry.
Borrowing costs have gone down significantly, marking a record low, and in turn, facilitating the companies to obtain easy financing at compelling prices. Corporate bonds are in high demand as U.S. treasuries are yielding low rates, driving investors toward the bonds issued by the sound companies.
Debt offers of big companies are being oversubscribed, providing corporation's the option to price their offerings at lower rates. Hence, several companies are coming up with debt offerings to generate interest expense savings by refinancing their outstanding borrowings.
Constellation Brands ended its fiscal 2012 with a healthy balance sheet and cash flows. During the fiscal, Constellation generated $784.1 million of cash from operations compared with $619.7 million in the previous year.
Apart from this, the company achieved a record free cash flow of $715.7 million. This enabled the company to reduce debt, as well as fund stock repurchases and acquisitions. Moreover, the company anticipates generating a free cash flow in the range of $425 million to $475 million during fiscal 2013.
Our Recommendation
Constellation Brands is the largest wine company in the world and commands a dominant position in the premium wine segment in the U.S. The company is also a leading producer of wines in Canada and New Zealand. This provides a competitive edge to the company and bolsters its well-established position in the market.
Moreover, we believe that the company's strategic initiative of expanding footholds in the U.S wine industry along with focus on brand building and promotion will accelerate its growth opportunities while strengthening its market position. Moreover, in an effort to generate strong margins, Constellation Brands is also focusing on higher priced segment across all key categories.
However, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ), Brown-Forman Corporation ( BF.B ) and Diageo plc ( DEO ). Moreover, Constellation Brands also encounters competition from local and regional players in the respective countries. Consequently, this may dent the company's future operating performance.
We currently have a Zacks #3 Rank (short-term Hold rating) on the stock. Our long-term recommendation on the stock remains Neutral.
BEAM INC (BEAM): Free Stock Analysis Report
BROWN FORMAN B (BF.B): Free Stock Analysis Report
DIAGEO PLC-ADR (DEO): Free Stock Analysis Report
CONSTELLATN BRD (STZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ), Brown-Forman Corporation ( BF.B ) and Diageo plc ( DEO ). BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Leading wine and spirits distributor, Constellation Brands Inc. ( STZ ), took a step forward in enhancing the flexibility of its finances by signing up for an additional credit facility with maturities ranging from five to seven years.
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However, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ), Brown-Forman Corporation ( BF.B ) and Diageo plc ( DEO ). BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. Constellation Brands has acquired a new senior credit facility, including a revolving credit facility and two-term loan agreements.
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BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. However, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ), Brown-Forman Corporation ( BF.B ) and Diageo plc ( DEO ). Constellation Brands used the funds from the two term loans to pay back the outstanding amounts under the company's previous senior credit facility.
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However, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ), Brown-Forman Corporation ( BF.B ) and Diageo plc ( DEO ). BEAM INC (BEAM): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR (DEO): Free Stock Analysis Report CONSTELLATN BRD (STZ): Free Stock Analysis Report To read this article on Zacks.com click here. The company's new $850 million revolving credit facility has a maturity date after five years and currently remains undrawn.
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b68857d3-875a-4114-88dd-c33a2cf275b7
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728196.0
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2012-05-07 00:00:00 UTC
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52-Week High Companies: WFM, SHW, DEO, VTR, LNKD
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DEO
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https://www.nasdaq.com/articles/52-week-high-companies-wfm-shw-deo-vtr-lnkd-2012-05-07
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nan
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nan
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According to GuruFocus list of 52-week highs , these Guru stocks have reached their 52-Week Highs: Whole Foods Market Inc. ( WFM ), The Sherwin-Williams Company ( SHW ), Diageo Plc ( DEO ), Ventas Inc. ( VTR ) and LinkedIn Corp. ( LNKD ).
Whole Foods Market Inc. ( WFM ) Reached the 52-Week High of $89.9
Whole Foods Market Inc. is the largest purveyor of natural foods in the world. Whole Foods Market Inc. has a market cap of $15.33 billion; its shares were traded at around $89.9 with a P/E ratio of 40.4 and P/S ratio of 1.5. The dividend yield of Whole Foods Market Inc. stocks is 0.7%. Whole Foods Market Inc. had an annual average earnings growth of 11.2% over the past 10 years. GuruFocus rated Whole Foods Market Inc. the business predictability rank of 2.5-star .
On May 2, Whole Foods Market Inc. reported results for the 12-week second quarter ended April 8, 2012. Sales for the quarter increased 14% to $2.7 billion. Including a positive impact of 55 basis points from Easter shifting from the third quarter last year to the second quarter this year, comparable store sales increased 9.5% and identical store sales, excluding six relocations and two expansions, increased 9.0%. Earnings before interest, taxes, depreciation and amortization ("EBITDA") increased 24% from the prior year to $259.2 million, net income increased 31% to $117.7 million, and diluted earnings per share increased 26% to $0.64.
In February, CEO Walter E. Robb IV and Executive Vice President and CFO Glenda J. Flanagan sold shares of WFM stock. Director Stephanie Kugelman bought 310 shares in February. Executive Vice President James P. Sud, Director Ralph Z. Sorenson, Regional President Scott A. Allshouse and Director Jonathan A. Seiffer sold shares in March.
The Sherwin-Williams Company ( SHW ) Reached the 52-Week High of $121.11
The Sherwin-Williams Co. is a manufacturer, distributor and retailer of paint, coatings and related products. The Sherwin-Williams Co. has a market cap of $12.51 billion; its shares were traded at around $121.11 with a P/E ratio of 23.2 and P/S ratio of 1.4. The dividend yield of The Sherwin-Williams Co. stocks is 1.3%. The Sherwin-Williams Co. had an annual average earnings growth of 9% over the past 10 years. GuruFocus rated Sherwin William the business predictability rank of 3-star.
On April 19, The Sherwin-Williams Company announced its financial results for the first quarter ended March 31, 2012. Compared to the same period in 2011, consolidated net sales increased $280.8 million, or 15.1%, to $2.14 billion in the quarter due primarily to higher paint sales volume and selling price increases. Diluted net income per common share was $.95 per share in the quarter compared to $0.63 per share a year ago.
Last week, Senior Vice President Corporate Communications and Public Affairs Robert J Wells, Senior Vice President, General Counsel and Secretary Louis E. Stellato, Senior Vice President Strategy Thomas W. Seitz, President and COO John G. Morikis and Director Richard K. Smucker sold shares of SHW stock. Chairman and CEO Christopher M. Connor sold 295,000 shares in February and Senior Vice President Finance and CFO Sean P. Hennessy sold 42,403 shares in March.
Diageo Plc ( DEO ) Reached the 52-Week High of $102.86
Diageo Plc is a multinational, branded food and drinks company. Diageo Plc has a market cap of $63.61 billion; its shares were traded at around $102.86 with and P/S ratio of 4. The dividend yield of Diageo Plc stocks is 1.6%. Diageo Plc had an annual average earnings growth of 14.8% over the past 10 years.
On February 9, Diageo Plc reported results for the first six months ended Dec. 21, 2011. Results included 3% volume growth. Price increases together with mix benefits drove 7% organic net sales growth. Marketing was up 10% on an organic basis with 20% growth in emerging markets and 8% growth in North America.
Ventas Inc. ( VTR ) Reached the 52-Week High of $58.53
Ventas Inc. is a healthcare real estate investment trust. Ventas Inc. has a market cap of $16.96 billion; its shares were traded at around $58.53 with a P/E ratio of 17.7 and P/S ratio of 9.6. The dividend yield of Ventas Inc. stocks is 4.2%. Ventas Inc. had an annual average earnings growth of 6.1% over the past 10 years. GuruFocus rated Ventas Inc. the business predictability rank of 3.5-star.
On April 27, Ventas Inc. announced that normalized Funds From Operations for the quarter ended March 31, 2012 increased approximately 118 percent to $263.9 million, from $121.0 million for the comparable 2011 period. Normalized FFO per diluted common share was $0.91 for the quarter ended March 31, 2012, a 21 percent increase from $0.75 for the comparable 2011 period. Weighted average diluted shares outstanding for the period rose by 80 percent to 290.8 million, compared to 162.0 million in the first quarter of 2011.
In February, Chairman and CEO Debra A. Cafaro sold 54,822 shares of VTR stock. Director Richard I. Gilchrist bought 2,500 shares in January and Director Douglas M. Pasquale sold in April.
LinkedIn Corp. ( LNKD ) Reached the 52-Week High of $117.1
LinkedIn Corporation is an online professional network which allows members to create, manage, and share their professional identity online, build and engage with their professional network, access shared knowledge and insights, and find business opportunities. LinkedIn Corp. has a market cap of $10.78 billion; its shares were traded at around $117.1 with a P/E ratio of 877 and P/S ratio of 20.6.
On May 3, LinkedIn Corporation reported its financial results for the first quarter ended March 31, 2012. Revenue for the first quarter was $188.5 million, an increase of 101% compared to $93.9 million in the first quarter of 2011. Net income for the first quarter was $5.0 million, compared to net income of $2.1 million for the first quarter 2011. Non-GAAP net income for the first quarter was $16.9 million, compared to $5.8 million for the first quarter of 2011.
Last week, CEO Jeff Weiner, Vice President, General Counsel and Secretary Erika Rottenberg, SVP, Operations David Henke, and Director, 10% Owner Reid Hoffman sold shares of LNKD stock.
Senior Vice President and CFO Steven J. Sordello and Senior Vice President Products, User Experience Dipchand Nishar sold shares in April.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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According to GuruFocus list of 52-week highs , these Guru stocks have reached their 52-Week Highs: Whole Foods Market Inc. ( WFM ), The Sherwin-Williams Company ( SHW ), Diageo Plc ( DEO ), Ventas Inc. ( VTR ) and LinkedIn Corp. ( LNKD ). Diageo Plc ( DEO ) Reached the 52-Week High of $102.86 Diageo Plc is a multinational, branded food and drinks company. In February, CEO Walter E. Robb IV and Executive Vice President and CFO Glenda J. Flanagan sold shares of WFM stock.
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According to GuruFocus list of 52-week highs , these Guru stocks have reached their 52-Week Highs: Whole Foods Market Inc. ( WFM ), The Sherwin-Williams Company ( SHW ), Diageo Plc ( DEO ), Ventas Inc. ( VTR ) and LinkedIn Corp. ( LNKD ). Diageo Plc ( DEO ) Reached the 52-Week High of $102.86 Diageo Plc is a multinational, branded food and drinks company. Including a positive impact of 55 basis points from Easter shifting from the third quarter last year to the second quarter this year, comparable store sales increased 9.5% and identical store sales, excluding six relocations and two expansions, increased 9.0%.
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According to GuruFocus list of 52-week highs , these Guru stocks have reached their 52-Week Highs: Whole Foods Market Inc. ( WFM ), The Sherwin-Williams Company ( SHW ), Diageo Plc ( DEO ), Ventas Inc. ( VTR ) and LinkedIn Corp. ( LNKD ). Diageo Plc ( DEO ) Reached the 52-Week High of $102.86 Diageo Plc is a multinational, branded food and drinks company. Diluted net income per common share was $.95 per share in the quarter compared to $0.63 per share a year ago.
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According to GuruFocus list of 52-week highs , these Guru stocks have reached their 52-Week Highs: Whole Foods Market Inc. ( WFM ), The Sherwin-Williams Company ( SHW ), Diageo Plc ( DEO ), Ventas Inc. ( VTR ) and LinkedIn Corp. ( LNKD ). Diageo Plc ( DEO ) Reached the 52-Week High of $102.86 Diageo Plc is a multinational, branded food and drinks company. Earnings before interest, taxes, depreciation and amortization ("EBITDA") increased 24% from the prior year to $259.2 million, net income increased 31% to $117.7 million, and diluted earnings per share increased 26% to $0.64.
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728197.0
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2012-04-23 00:00:00 UTC
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Diageo Remains Neutral - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/diageo-remains-neutral-analyst-blog-2012-04-23
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nan
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nan
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We reiterated our Neutral recommendation on the world's leading brewer Diageo Plc. ( DEO ), following the interim results of fiscal year 2012 published by the company.
Diageo Plc.'s first half fiscal 2012 earnings went up 16% y/y to 89 cents (55.9 pence), from 75 cents (48 pence). Strong performance of Johnnie Walker in all markets, coupled with faster penetration of the company into emerging markets around the world, led to the upswing in profit.
Net revenue (i.e. total revenue minus excise duties) was $9.2 billion (£5.7 billion) in first half of fiscal 2012, up from $8.3 billion (£5.3 billion) a year ago. Revenues reported an increase of 8%, while it increased 7% on an organic basis. Volume grew 3% y/y organically to 84.1 million equivalent units in the period.
Gross profit for first half of fiscal 2012 climbed 11.7% y/y to $5.7 billion (£3.5 billion) from $5.1 billion (£3.2 billion) a year ago.
Operating profit before exceptional items (excluding acquisitions and disposals) went up 9.9% y/y in first half of fiscal 2012 to $2.9 billion (£1.8 billion) from $2.7 billion (£1.7 billion) in the previous year.
Marketing spend was up by 10% y/y in this half, and as a percentage of net sales, it was up 40 basis points.
Diageo is one of the leading players in the global premium drinks industry. A strong portfolio of globally recognized flagship brands, including Smirnoff, Johnnie Walker, Captain Morgan, Baileys and Guinness, helps its dominant position in the market. Diageo owns the only global stout brand in the beer category, Guinness.
Moreover, the company is undertaking restructuring initiatives to reduce overhead costs and boost profitability. These initiatives include rightsizing employee strength, efforts to improve efficiencies in its operations in Scotland and Ireland.
With the start of the company's new restructuring program in fiscal 2011, Diageo reviews its operating model with an objective to improve the effectiveness and productivity of the group's operations and deploy resources closer to the market as well as in the geographical regions, where the potential for growth is highest. We are optimistic regarding the effectiveness of the model once it becomes operational by June 2013.
However, the recent economic downturn has adversely affected Diageo's performance by compelling customers, who prefer lower-priced brands over premium ones, to reduce discretionary spending. The company's key markets, Nigeria and Europe, recorded weak performance during the first half of fiscal 2012, primarily due to this phenomenon. A sluggish recovery in these markets is expected to negatively impact demand for Diageo's premium offerings and in turn affect its top-line growth.
Further, Diageo's business is seasonal in nature and generates a high proportion of sales during the last four months of the calendar year, which is characterized by the festive holiday season. Consequently, the company is exposed to significant risks, if the season fails to deliver expected operating performance. We thus prefer to remain on the sidelines.
DIAGEO PLC-ADR ( DEO ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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( DEO ), following the interim results of fiscal year 2012 published by the company. DIAGEO PLC-ADR ( DEO ): Free Stock Analysis Report To read this article on Zacks.com click here. A strong portfolio of globally recognized flagship brands, including Smirnoff, Johnnie Walker, Captain Morgan, Baileys and Guinness, helps its dominant position in the market.
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( DEO ), following the interim results of fiscal year 2012 published by the company. DIAGEO PLC-ADR ( DEO ): Free Stock Analysis Report To read this article on Zacks.com click here. Net revenue (i.e. total revenue minus excise duties) was $9.2 billion (£5.7 billion) in first half of fiscal 2012, up from $8.3 billion (£5.3 billion) a year ago.
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( DEO ), following the interim results of fiscal year 2012 published by the company. DIAGEO PLC-ADR ( DEO ): Free Stock Analysis Report To read this article on Zacks.com click here. Net revenue (i.e. total revenue minus excise duties) was $9.2 billion (£5.7 billion) in first half of fiscal 2012, up from $8.3 billion (£5.3 billion) a year ago.
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( DEO ), following the interim results of fiscal year 2012 published by the company. DIAGEO PLC-ADR ( DEO ): Free Stock Analysis Report To read this article on Zacks.com click here. Net revenue (i.e. total revenue minus excise duties) was $9.2 billion (£5.7 billion) in first half of fiscal 2012, up from $8.3 billion (£5.3 billion) a year ago.
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728198.0
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2012-04-18 00:00:00 UTC
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The Zacks Analyst Blog Highlights: Constellation Brands, Bank of America, JP Morgan Chase, Beam and Diageo plc - Press Releases
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DEO
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-constellation-brands-bank-of-america-jp-morgan-chase
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nan
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For Immediate Release
Chicago, IL - April 18, 2012 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Constellation Brands Inc. ( STZ ), Bank of America ( BAC ), JP Morgan Chase & Company ( JPM ), Beam Inc. ( BEAM ) and Diageo plc ( DEO ).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Tuesday's Analyst Blog:
Constellation Brands Sells $600M Senior Notes
In an effort to enhance its financial flexibility and focus on future growth prospects, the leading wine and spirit distributor Constellation Brands Inc. ( STZ ), has recently sold $600 million worth of senior notes, Reuters reported.
According to news, earlier the company has planned to sell $400 million of senior notes. The new senior notes have been issued at par with a coupon rate of 6% maturing on 1 st May, 2022. A consortium of Bank of America Merrill Lynch ( BAC ), JP Morgan Chase & Company ( JPM ), Rabo Securities USA and Barclays Capital are the Underwriters of this issuance.
Borrowing costs have gone down significantly, marking a record low, and in turn, facilitating the companies to obtain easy financing at compelling prices. Corporate bonds are in high demand as U.S. treasuries are yielding low rates, driving investors toward the bonds issued by the sound companies.
Debt offers of big companies are being oversubscribed, providing the corporation's the option to price their offerings at lower rates. Hence, several companies are coming up with debt offerings to generate interest expense savings by refinancing their outstanding borrowings.
We believe the transaction will strengthen the company's financial position. Though Constellation Brands has an obligation to repay $330.2 million of debt in fiscal 2013, the company now has the flexibility to pay at ease.
Recently, Constellation Brands ended its fiscal 2012 with a healthy balance sheet and cash flows. During the fiscal, Constellation generated $784.1 million of cash from operations compared with $619.7 million in the previous year.
Apart from this, the company achieved a record free cash flow of $715.7 million. This enabled the company to reduce debt, as well as fund stock repurchases and acquisitions. Moreover, the company anticipates generating a free cash flow in the range of $425 million to $475 million during fiscal 2013.
Our Recommendation
Constellation Brands is the largest wine company in the world and commands a dominant position in the premium wine segment in the U.S. The company is also a leading producer of wines in Canada and New Zealand. This provides a competitive edge to the company and bolsters its well-established position in the market.
Moreover, we believe that the company's strategic initiative of expanding footholds in the U.S wine industry along with focus on brand building and promotion will accelerate its growth opportunities while strengthening its market position. Moreover, in an effort to generate strong margins, Constellation Brands is also focusing on higher priced segment across all key categories.
However, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ) and Diageo plc ( DEO ). Moreover, Constellation Brands also encounters competition from local and regional players in the respective countries. Consequently, this may dent the company's future operating performance.
We currently have a Zacks #3 Rank (short-term Hold rating) on the stock. Our long-term recommendation on the stock remains Neutral.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515 .
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns instock market datathat would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518 .
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Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Media Contact
Zacks Investment Research
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BANK OF AMER CP ( BAC ): Free Stock Analysis Report
BEAM INC ( BEAM ): Free Stock Analysis Report
DIAGEO PLC-ADR ( DEO ): Free Stock Analysis Report
JPMORGAN CHASE ( JPM ): Free Stock Analysis Report
CONSTELLATN BRD ( STZ ): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks recently featured in the blog include Constellation Brands Inc. ( STZ ), Bank of America ( BAC ), JP Morgan Chase & Company ( JPM ), Beam Inc. ( BEAM ) and Diageo plc ( DEO ). However, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ) and Diageo plc ( DEO ). 9339 support@zacks.com http://www.zacks.com BANK OF AMER CP ( BAC ): Free Stock Analysis Report BEAM INC ( BEAM ): Free Stock Analysis Report DIAGEO PLC-ADR ( DEO ): Free Stock Analysis Report JPMORGAN CHASE ( JPM ): Free Stock Analysis Report CONSTELLATN BRD ( STZ ): Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks recently featured in the blog include Constellation Brands Inc. ( STZ ), Bank of America ( BAC ), JP Morgan Chase & Company ( JPM ), Beam Inc. ( BEAM ) and Diageo plc ( DEO ). 9339 support@zacks.com http://www.zacks.com BANK OF AMER CP ( BAC ): Free Stock Analysis Report BEAM INC ( BEAM ): Free Stock Analysis Report DIAGEO PLC-ADR ( DEO ): Free Stock Analysis Report JPMORGAN CHASE ( JPM ): Free Stock Analysis Report CONSTELLATN BRD ( STZ ): Free Stock Analysis Report To read this article on Zacks.com click here. However, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ) and Diageo plc ( DEO ).
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9339 support@zacks.com http://www.zacks.com BANK OF AMER CP ( BAC ): Free Stock Analysis Report BEAM INC ( BEAM ): Free Stock Analysis Report DIAGEO PLC-ADR ( DEO ): Free Stock Analysis Report JPMORGAN CHASE ( JPM ): Free Stock Analysis Report CONSTELLATN BRD ( STZ ): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include Constellation Brands Inc. ( STZ ), Bank of America ( BAC ), JP Morgan Chase & Company ( JPM ), Beam Inc. ( BEAM ) and Diageo plc ( DEO ). However, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ) and Diageo plc ( DEO ).
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Stocks recently featured in the blog include Constellation Brands Inc. ( STZ ), Bank of America ( BAC ), JP Morgan Chase & Company ( JPM ), Beam Inc. ( BEAM ) and Diageo plc ( DEO ). However, the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ) and Diageo plc ( DEO ). 9339 support@zacks.com http://www.zacks.com BANK OF AMER CP ( BAC ): Free Stock Analysis Report BEAM INC ( BEAM ): Free Stock Analysis Report DIAGEO PLC-ADR ( DEO ): Free Stock Analysis Report JPMORGAN CHASE ( JPM ): Free Stock Analysis Report CONSTELLATN BRD ( STZ ): Free Stock Analysis Report To read this article on Zacks.com click here.
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6e6da39d-6bcc-4a93-8106-ccd4e5f98e65
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728199.0
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2012-04-18 00:00:00 UTC
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Brown-Forman Stays Neutral - Analyst Blog
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DEO
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https://www.nasdaq.com/articles/brown-forman-stays-neutral-analyst-blog-2012-04-18
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nan
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nan
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We reiterate our long-term Neutral recommendation on Brown-Forman Corporation - B ( BF.B ), based on the company's expectation of considerable improvement in consumer trends in the fourth quarter of fiscal 2012.
Battered by higher input and fuel costs along with increased operating expenses, Brown-Forman's third-quarter 2012 earnings of 93 cents per share missed the Zacks Consensus Estimate of $1.00 and declined approximately 3.1% from the prior-period level.
However, in anticipation of a solid improvement in consumer trends during the last quarter of fiscal 2012, Brown-Forman expects a high-single digit growth in net sales and operating income. Moreover, the company expects fiscal 2012 earnings in the range of $3.50 to $3.65 per share.
Brown-Forman is one of the leading producers and distributors of premium alcoholic beverages in the world. The company commands a strong portfolio of globally recognized brands, such as Jack Daniel's, Finlandia, Southern Comfort and Canadian Mist. We believe this provides a competitive edge to the company and bolsters its well-established position in the market.
Moreover, Brown-Forman plans to expand Jack Daniel's market share in the developed markets, such as France and the U.S., and emerging markets including Russia, Poland and Mexico, where the whiskey category is in early stages of development. In near future, the company also intends to expand the sphere of other brands, such as Gentleman Jack, Jack Daniel's Single Barrel and Jack Daniel's ready-to-drink within Jack Daniel's.
Further, the company has a consistent track record of returning cash to shareholders in the form of share repurchase, and dividend payment. Brown-Forman has paid quarterly cash dividends consecutively for the past 65 years while increasing the same for the last 28 years.
However,the company's customers remain sensitive to macroeconomic factors including increase in fuel and energy costs, unemployment levels, and high household debt levels, which may negatively affect their discretionary spending, and in turn, the company's growth and profitability.
Furthermore, distilled spirits are subject to excise tax in various countries. Rising fiscal pressure in the U.S., European and many emerging markets may lead to increasing risk of a potential excise tax on spirits by governments of respective countries. The effect of any excise tax increase in the future may have an adverse effect on Brown-Forman's financial performance.
Above all,the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). Moreover, Brown-Forman also encounters competition from local and regional players in the respective countries. Consequently, this may dent the company's future operating performance.
Currently, Brown-Forman has a Zacks #4 Rank, which implies a short-term Sell rating.
BEAM INC ( BEAM ): Free Stock Analysis Report
BROWN FORMAN B (BF.B): Free Stock Analysis Report
DIAGEO PLC-ADR ( DEO ): Free Stock Analysis Report
CONSTELLATN BRD ( STZ ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Above all,the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). BEAM INC ( BEAM ): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR ( DEO ): Free Stock Analysis Report CONSTELLATN BRD ( STZ ): Free Stock Analysis Report To read this article on Zacks.com click here. We reiterate our long-term Neutral recommendation on Brown-Forman Corporation - B ( BF.B ), based on the company's expectation of considerable improvement in consumer trends in the fourth quarter of fiscal 2012.
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Above all,the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). BEAM INC ( BEAM ): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR ( DEO ): Free Stock Analysis Report CONSTELLATN BRD ( STZ ): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, Brown-Forman plans to expand Jack Daniel's market share in the developed markets, such as France and the U.S., and emerging markets including Russia, Poland and Mexico, where the whiskey category is in early stages of development.
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Above all,the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). BEAM INC ( BEAM ): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR ( DEO ): Free Stock Analysis Report CONSTELLATN BRD ( STZ ): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, Brown-Forman plans to expand Jack Daniel's market share in the developed markets, such as France and the U.S., and emerging markets including Russia, Poland and Mexico, where the whiskey category is in early stages of development.
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Above all,the company faces intense competition from other well-established players in the industry, including Beam Inc. ( BEAM ), Constellation Brands Inc. ( STZ ) and Diageo plc ( DEO ). BEAM INC ( BEAM ): Free Stock Analysis Report BROWN FORMAN B (BF.B): Free Stock Analysis Report DIAGEO PLC-ADR ( DEO ): Free Stock Analysis Report CONSTELLATN BRD ( STZ ): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, the company expects fiscal 2012 earnings in the range of $3.50 to $3.65 per share.
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69280ddf-4983-4f39-994c-7b27d44257ad
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