Consumer Non-Cyclical Sector Review: Boston Beer Slapped with a Downgrade

Alliance One Intl., Inc. (NYSE:AOI): Alliance One International jumps after reporting FQ1 results largely in-line with reduced expectations, but upping its FY12 forecast on an increase in new customers and improved order flow.

The shares closed at $2.93, up $0.09, or 3.17%, on the day. Its market capitalization is $256.00 million.

Blyth, Inc. (NYSE:BTH): Shares of Blyth see a bounce after the firm sets a special cash dividend of $1.50/share for shareholders to be paid on Dec. 15.

The shares closed at $58.38, up $1.62, or 2.85%, on the day. Its market capitalization is $479.80 million.

The Boston Beer Co., Inc. (NYSE:SAM): Analysts with Goldman Sachs tag Boston Beer with a harsh downgrade to Sell from Neutral, implying they see 7% downside for shares with a new price target of $98 in play. “We believe investors are overpaying for SAM’s sales growth, which is predominantly being driven by distribution gains on Twisted Tea while SAM’s core beer brand portfolio growth is slowing.”

The shares closed at $101.68, down $3.85, or 3.65%, on the day. Its market capitalization is $1.30 billion.

Constellation Brands, Inc (NYSE:STZ): Constellation Brands takes a hit after its FQ3 earnings miss the mark on dwindling sales and higher promotional expenses. Profit dropped 25% Y/Y as the alcoholic beverage distributor posted a 27% Y/Y decline in sales, due in large part to the divestiture of its Australian and U.K. wine businesses and overly cautious consumer spending.

The shares closed at $19.73, down $0.71, or 3.47%, on the day. Its market capitalization is $3.99 billion.

ACCO Brands Corporation (NYSE:ABD): Office products manufacturer ACCO Brands trades higher after KeyBanc initiates the shares with a Buy, saying that valuations are compelling even without factoring in the synergies from its merger with MeadWestvaco.

The shares closed at $9.36, down $0.3, or 3.11%, on the day. Its market capitalization is $518.96 million.

Syngenta AG (NYSE:SYT): Infosys (NASDAQ:INFY) today announced that it’s signed a multi-year contract with Syngenta to consolidate its global business IT services platform under a single shared services engagement. The company will also set up a business architecture service to advise Syngenta on its future IT and process roadmap.

The shares closed at $58.61, down $1.82, or 3.01%, on the day. Its market capitalization is $27.02 billion.