Constellation Brands Inc
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Rob Sands, President & CEO of Constellation Brands talks with CNBC's David Faber, about the company's settlement with regulators, allowing it to move forward in its purchase of Grupo Modelo; a move that will transform the wine seller to a beer giant.
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Stifel analyst Mark Swartzberg upgraded bourbon bottler Beam Inc. and beermakers Constellation Brands Inc., and Molson Coors Brewing Co. to "Buy," from "Hold." Constellation Brands, based in Victor, N.Y., is set to benefit from adding production for U.S. sales of Corona and other beers now made by Mexican brewer Grupo Modelo.
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NEW YORK-- A look at the 10 biggest volume decliners on New York Stock Exchange at the close of trading:. Amrep Corp.: Approximately 1,300 shares changed hands, a 84.7 decrease from its 65- day average volume. The shares rose$. 11 or 1.2 percent to $9.17.
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NEW YORK-- A look at the 10 biggest volume decliners on New York Stock Exchange at the close of trading:. Aeroflex Holding Corp.: Approximately 14,100 shares changed hands, a 82.7 decrease from its 65- day average volume. The shares fell$. 07 or. 9 percent to $7.74.
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May 6- Constellation Brands Inc:. *Sale by co of $500 million aggregate principal amount of 3.750% senior notes. *Sale by co of $1.05 billion aggregate principal amount of 4.250% senior notes.
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NEW YORK, May 3- Constellation Brands Inc has not yet decided whether to raise prices on beers like Corona Extra and Modelo Especial later this year, but its chief financial officer said the pricing strategy should be no different than before despite the change in ownership.
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CHICAGO, April 30 Fitch Ratings has resolved the Rating Watch Negative status of Constellation Brands Inc.' s ratings, placed on Watch on Feb. 15, 2013, and assigned the ratings a Stable Outlook.
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Rob Sands, President & CEO of Constellation Brands talks with CNBC's David Faber, about the company's settlement with regulators, allowing it to move forward in its purchase of Grupo Modelo; a move that will transform the wine seller to a beer giant.
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The Justice Department and Anheuser-Busch InBev have reached agreement to let the beer giant expand its stake in Mexico's Grupo Modelo, according to court documents and company statements.
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WASHINGTON, April 19- The U.S. Justice Department and Anheuser-Busch InBev have agreed to conditions that will allow the beer giant to expand its stake in Mexico's Grupo Modelo, according to court documents and company statements on Friday. The arrangement would make Constellation the third largest U.S. beer producer after AB InBev and MillerCoors.
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Shares of Constellation Brands are something investors are toasting this year. Rob Sands, Constellation Brands CEO, offers insight on the company's earnings and most successful brands.
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U.S. stock index futures held modest gains across the board Wednesday after the Federal Reserve's latest meeting minutes and following upbeat economic news from China.
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April 10- Constellation Brands Inc reported a higher-than-expected quarterly profit on Wednesday, as sales benefited from an acquisition and selling a greater number of more expensive products.
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April 10- Constellation Brands Inc reported lower quarterly profit on Wednesday, hurt by a write-off of financing costs and greater interest expenses. The world's largest branded wine maker said net income was $81.7 million, or 43 cents per share, in its fiscal fourth quarter ended Feb. 28, down from $103.0 million, or 51 cents per share, a year earlier.
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NEW YORK, April 10- U.S. stock index futures rose on Wednesday, with Wall Street set to extend gains a day after hitting fresh record highs, buoyed by encouraging data from China that bode well for recovery in the world's second-largest economy.
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The Fed's message to markets Thursday should be more dovish than not, despite the mixed signals officials have been sending.
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WASHINGTON, April 9- The judge overseeing the court fight between the U.S. Justice Department and Anheuser-Busch InBev over its Grupo Modelo deal approved a stay in court proceedings on Tuesday to give the two sides more time to reach an accord.
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WASHINGTON, April 5- Anheuser-Busch InBev and the U.S. Justice Department said on Friday that they have reached an agreement for a framework to settle their long-running beer brawl, and asked a court to extend a stay in their court fight until April 23.
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March 4- Constellation Brands Inc sought to reassure the U.S. distributors of Grupo Modelo's beers on Monday that the brand will continue to grow in the United States after the wine company takes it over.
