6 Beer and Coffee Stocks Buzzing on Wall Street
SABMiller (SBMRY.PK) is faced with the daunting problem of returning its Foster’s brand to a growth pattern, after a 20-year period of stagnant volume and lackluster overall figures. Analyst Pablo Zuanic is unimpressed with SAB’s assertive guidance, and says that he prefers the upbeat numbers of its competitor Anheuser-Busch InBev (NYSE:BUD).
Starbucks (NASDAQ:SBUX) and Dunkin’ Brands (NASDAQ:DNKN) should benefit from the large drop in coffee prices, that are set for their longest period of monthly declines in 31 years. Worldwide supply of the raw material exceeds demand, and consensus estimates are forecasting even lower prices, as Brazil’s weak real should boost the country’s exports (to say nothing of lowering costs to Americans). Other coffee purveyors Kraft (NYSE:KFT) and J.M. Smucker (NYSE:SJM) have already lowered their prices to consumers.
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