PDRDF News and Press, Pernod Ricard S.A. From 12/02/20

November was one of the best months for equity markets on record; our average Buy-rated stock gained 12.9% (in local currency). Tobacco stocks continued to miss out on the wider market rally, although an end to the COVID-19 outbreak should be positive for most of them. Hargreaves ...

Gardner Russo & Gardner’s 13F portfolio value increased from $9.84B to $10.29B. Russo almost eliminated Diageo plc during the quarter. The top three 13F stakes are Mastercard, Berkshire Hathaway, and Nestle. They add up to ~44% of the portfolio. For further detail...

Luxury goods conglomerate Louis Vuitton Moët Hennessy's ("LVMH") Wines & Spirits division boasts some of the world's most iconic brands. Diageo also benefits, thanks to its 34% stake in the Moët Hennessy JV. Wines & Spirits enjoy very high profitability, making t...

Pernod Ricard's sales stabilized significantly in Q3 2020, with year-on-year decline decelerating to 5.6%, from 36.2% the quarter before. Sales growth in the Americas turned positive, helped by the high mix of resilient "off premise" trade and partial re-openings in the U.S. market. ...

Corby Spirit and Wine has a straightforward investment thesis. Its business model is simple, the corporation is consistently well managed, and it carries strong brands via its relationship with Pernod Ricard. Though its been on our watch list for years, we only recently took a pos...

Pernod Ricard’s ([[PDRDF]] +0.0%) subsidiary Pernod Ricard España has acquired a majority stake in Vermutería de Galicia, adding St. Petroni to Pernod Ricard’s brand portfolio.Three varieties of St. Petroni, using centuries-old, traditional maceration methods, have joi...

We review the Pernod Ricard investment case after FY20 results on September 2; after COVID, the P/E has shrunk 17% vs. last August. FY20 H2 (January-June 2020) results showed the full impact of lockdowns, with sales down 25% and EBIT down 46% year-on-year. However, the long-term s...

The latest read on Nielsen data is that at-home alcoholic beverage demand is still strong to take some of the pressure off for beverage companies for lost on-premise sales amid the pandemic. Total beverage alcohol dollar sales growth accelerated to 17.5% Y/Y for the week ended September 5 fro...

The alcohol beverage market has seen massive changes since the pandemic and lockdowns have started, and its impact to the various companies in the industry has varied quite a bit. For one, you have varying degrees of companies which carry brands that perform stronger in either off-premise or o...

This article is part of a series that provides an ongoing analysis of the changes made to Gardner Russo & Gardner’s 13F stock portfolio on a quarterly basis. It is based on Russo’s regulatory 13F Form filed on 08/14/2020. Please visit our Tracking Gardner Russo & Gardn...