What is Bacardi’s stock price, and are they publicly traded? Investors cannot purchase shares of Bacardi because it is a private company. Their competitors, such as Anheuser Busch Inbev SA (NYSE: BUD) and Constellation Brands (NYSE: STZ), are publicly traded companies.
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Bacardi Introduction (No Stock Symbol)
Bacardi Limited is one of the largest spirits companies in the world. It owns major liquor labels such as Bacardi Rum, Martini, Grey Goose Vodka, Patron Tequila, Dewar’s Scotch, Bombay Sapphire Gin, and a multitude of others.
They have been a family business since its early days in 1862. This adds up to 7 generations. They were founded in Cuba, but their headquarters are in Hamilton, Bermuda.
Most of us know Bacardi for their rum, when the company owns over 200 liquor brands, including the big names mentioned above.
The story begins with a 14-year-old Spanish immigrant, Facundo Bacardi Masso, who arrives in Cuba in 1830 and starts importing and selling wine.
His aspirations quickly became bigger, and he wanted to sell superior-quality rum. In 1862, he bought an old, fully-equipped distillery with his brother and a business partner.
They began to produce the Caribean’s finest rum, and the recipe has been passed on from generation to generation.
In the 1880s, Bacardi needed a logo to have their products easily recognizable. To this day, the same logo appears on their bottles: the fruit bat.
Bats pollinate the sugarcane crops needed to produce rum and simultaneously eliminate insects. They are also a symbol of good fortune in Latin America. But you can’t buy Bacardi stock as of yet.
Bacardi 20th Century Expansion
Bacardi’s mission was to expand internationally, but prohibition stood in their way in the US until 1933. Many tourists came to Cuba and learned about Bacardi, which boosted its brand internationally. Bacardi started opening distribution points in Spain, Brazil, Mexico, and the US once prohibition was over. They opened a facility in Puerto Rico to save on export taxes for the US.
More and more tourists were visiting the Caribbean islands and noticing Bacardi. Local drinks, such as the famous ‘’Daiquiri” and ‘’Rum and Coke,” were slowly entering the US market. They partnered with many soft drinks companies to become the mixer of choice. In 1978, Bacardi sold 8 million cases of rum in the US, and in 1980, it became the #1 liquor brand in the US.
In the ‘90s, Bacardi solidified its European presence by purchasing Martini & Rossi. They also sold more low-calorie drinks and mixed bottles appealing to the younger generations. The competition was fiercer, and Bacardi bought more brands and expanded their drinks selection. However, if you’re looking for Bacardi stock, you’re out of luck.
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Bacardi Stock IPO Date?
Rumors of a Bacardi stock IPO peaked in the early 2000s. To this day, many investors would love to see Bacardi Limited go public, but it seems unlikely.
The company has an amazing portfolio of brands and excellent sales and margins and distributes its products in over 180 countries.
Their sales keep growing despite the pandemic, and they remain an excellent candidate for an IPO. In 2019, they were the second best-selling rum in the world, trailing Tanduay, a brand from the Philippines.
Fortunately, many of Bacardi’s competitors are public and offer an appealing investment opportunity.
The world’s two largest public alcoholic beverage companies are Kweichow Moutai (SHE: 600519) and Wuliangye Yibin (SHE: 000858). They are valued at $372.49B and $121B but are only available on the Shanghai Stock Exchange. If you trade on a foreign exchange, you can check these out instead of Bacardi stock.
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Bacardi Stock Competitors
1. Diageo plc (NYSE: DEO)
A competitor of Bacardi stock, Diageo is third in the rankings. They are worth $117.43B. They are much younger than Bacardi and founded in 1997 in London, UK. This resulted from the merger between Guinness Brewery and Grand Metropolitan. They sold Pillsbury and Burger King.
Diageo owns a plethora of international brands such as Johnnie Walker Whiskey, Crown Royal Whiskey, Ciroc, Kettel One and Smirnoff Vodka, Captain Morgan Rum, Tanqueray Gin, Baileys, and Guinness Beer. Diageo is the leading producer of Scotch Whiskey. They are constantly expanding worldwide and buying local brands with huge success.
Their sales have been constantly growing over the years, except for 2020, when a lot of companies had issues due to the pandemic. Stock analysts assigned them a rating of ‘’Hold”. They are trading just over $200, $20 shy of their all-time high recorded at the end of December.
Revenues
2019: 16.651B
2020: 14.817B
2021: 17,137B
2. Anheuser Busch (NYSE: BUD)
Commonly known as AB InBev, they are fourth in the rankings with a net worth of $109.23B. Initially, George Schneider, a German brewer, opened Bavarian Brewery in St Louis in 1852. Currently, this company is the result of three mergers. Adolphus Busch later joined, and thanks to him, he introduced many firsts in the beer industry. They were the first to introduce pasteurization to keep the beer fresher and mechanical refrigeration for storage and transportation.
The prohibition years proved to be a difficult time, but they managed to survive and even became the largest brewery in the US in 1957, and they have been holding the title ever since.
Today, AB InBev owns major international beer brands such as Budweiser, Bud Light, Stella Artois, Hoegaarden, ShockTop, and others. Microbreweries have also been making a huge impact in many communities, and AB InBev took the opportunity to purchase some of them. They own a total of 12 breweries in the US alone.
Revenues are up overall in the last ten years, but their revenues declined for three consecutive years between 2018 and 2020. However, their revenue in 2021 bounced back and seems to be regaining momentum. Their stock currently sits shy of $63, short of their all-time high of $130 set in 2016.
If the past year is a glimpse into their future, their stock could be worth much more in the upcoming years. Analysts are mixed on their ratings, as the ‘’Hold” ratings slightly outnumber the ‘’Buy” ratings. So check them out instead of Bacardi stock.
Revenues
2019: $53.05B
2020: $46.88B
2021: $52.87B
3. Constellation Brands (NYSE: STZ)
Finally, Constellation Brands ranks seventh in the standings with a market cap of $44.32B. They were founded in 1945 by Marvin Sands in New York, incorporated as Canandaigua Wine Company, Inc. in 1972, and rebranded to their current name in 2000.
Their portfolio consists of popular brands such as Modelo and Corona, and they are the leaders in beer importation in the US by sales. Constellation Brands was also the first to invest in medical and recreational cannabis with their investment in the Canadian company Canopy Growth Corporation. Mixing alcohol and cannabinoid compounds can potentially increase sales in the next decade. Canada has already legalized marijuana, and the US shouldn’t take much longer.
Unlike other companies, their revenue hasn’t declined once in the last ten years, even during the pandemic, and their stock is close to its all-time high. The current price is $236.05, not far from the $254 high. Analysts are bullish on this stock, and most agree on a ‘’Buy” rating.
Revenues
2019: $8.116B
2020: $8.344B
2021: $8.615B
As we can see from the brands mentioned here, they are all profitable and can be an excellent investment over the years. Each has its own story, strategy, and plans. People will not stop drinking, and as we can see from the numbers, the numbers seem like they will only increase. Mergers and acquisitions in this market seem infinite as new beer, wine, and liquor brands are created constantly.
Final Thoughts: Bacardi Stock
To conclude, Bacardi may not be a public company, but they’re doing very well for themselves. Their public counterparts seem to be moving in the right direction as well and can be a good investment. Alcohol consumption doesn’t seem to be slowing down, which can reflect on their stock price.
Some companies started expanding into the cannabis industry, which can be a good future opportunity. Since you can’t buy Bacardi stock, you can look into other sectors.
If you want to learn more about how you can profit from the stock market, head on over to our free library of educational courses. We have something for everyone, including trading options for those with small accounts.
Frequently Asked Questions
Bacardi Limited was founded in 1862 by a Cuban family and has since grown to become one of the world’s largest family-owned, privately held spirits companies.
Bacardi has been producing top-quality rums since 1862 when it was established.
