Shares of global brewer
Molson Coors Brewing Co
) recently hit a 52-week high of $47.39 on Mar 8, on the back of
solid fourth-quarter 2012 results announced on Feb 14. This Zacks
Rank #2 (Buy) company beat its previous 52-week high of $46.50
achieved on Feb 22, and has generated an impressive return of
approximately 9.6% since Dec 31, 2012. The company's long-term
estimated EPS growth rate is 5.40%. Average volume of shares
traded over the last three months came in at approximately
Impressive Fourth Quarter Results
Molson Coors reported impressive fourth-quarter results
beating the Zacks Consensus Estimate for earnings, while lagging
that for sales. In fact, Molson Coors has surpassed the Zacks
Consensus Estimate in the last five quarters, with an average
surprise of 14.2%.
The addition of the Central European operations in the
reported results boosted net sales growth by 9.9% to $1.03
billion in the quarter. Increased worldwide beer volume and
foreign exchange also impacted the quarter favorably.
We believe that the company's acquisition of the StarBev
business in Jun 2012 significantly enhanced the company's
portfolio of premium brands. It has also created opportunities
for the company in Central Europe to extend its key brands,
taking advantage of the attractive beer market.
We are encouraged by the company's strong brand portfolio. In
addition, Molson Coors continues to focus on its strategy of
maximizing profitable growth opportunities in the core markets
and expanding into new and emerging markets. The company is also
undertaking restructuring initiatives to reduce overhead costs
and boost profitability.
Other Stocks to Consider
Apart from Molson Coors, other stocks in the consumer staples
sector that are worth considering are
Tyson Foods Inc
Hillshire Brands Co.
). Hillshire holds a Zacks Rank #1 (Strong Buy), while Kellogg
and Tyson carry a Zacks Rank #2 (Buy).
HILLSHIRE BRAND (HSH): Free Stock Analysis
KELLOGG CO (K): Free Stock Analysis Report
MOLSON COORS-B (TAP): Free Stock Analysis
TYSON FOODS A (TSN): Free Stock Analysis
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