Americans are jumping on the bandwagon, as consumption is up 4.4% for 2014, according to the Wine Institute. WallStreetNewsNetwork.com has a list of over ten wine company stocks. Many of them trade over-the-counter but some trade on the New York Stock Exchange.
Brown-Forman Corporation (BF-B) is a wine distributor which markets the Sonoma-Cutrer wines and Corbel California Champagne, along with other alcoholic beverages. The stock has a trailing price-to-earnings ratio of 31.6 and sports a yield of 1.6%. Earnings for the latest quarter were up 6% year-over-year on a 7.3% rise in revenues.
Constellation Brands (STZ) is the largest wine producer in the world. It produces and sells table wines, sparkling wines, and even dessert wines. Brands include Robert Mondavi, Clos du Bois, and Ravenswood. The stock trades at 28.7 times trailing earnings and 21.5 times forward earnings. Earnings for the company's latest quarter were up 36.5% year-over-year, on a revenue gain of 5.0%. Shareholders receive a 1.0% yield.
Willamette Valley Vineyards Inc. (WVVI), based in Turner, Oregon, makes and sells Syrah, Merlot, Cabernet Franc, Cabernet Sauvignon, The Griffin, and Viognier under the Griffin Creek label. The stock trades at 14.4 times earnings. For the latest quarter, earnings skyrocketed by an amazing 79.7% on a strong 31.7% boost in revenues. The company will be reporting year end earnings at the end of March.
Find additional wine stocks on the free WallStreetNewsNetwork.com list of wine and liquor companies. Cheers!
Disclosure: Author didn't hold a position in any of the stocks mentioned at the time the article was written.
By Stockerblog.com
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