Guess Which Beer Is No Longer a Top 3 Brand in the U.S.
When it rains, it pours, the old saying goes, but unfortunately for the U.S.' biggest brewers, beer drinkers aren't pouring as many of their pints as they once did. Instead, they've turned to craft beer and, increasingly, Mexican imports.
In its third-quarter earnings report last month, Anheuser-Busch InBev (NYSE: BUD) saw its own production and sales fall. The megabrewer said North American volumes fell over 6% to 31.9 million hectoliters, while revenues were down 5% to $4.3 billion. Year to date, they're down almost 4% and 2.5%, respectively, suggesting the downturn is accelerating.
Image source: Anheuser-Busch InBev.
Source: Fool.com
Molson Coors B Stock
€48.59
-0.880%
Currently there is a rather positive sentiment for Molson Coors B with 5 Buy predictions and 2 Sell predictions.
As a result the target price of 66 € shows a positive potential of 35.83% compared to the current price of 48.59 € for Molson Coors B.
