Just in case the recent weather didn’t already clue you in to that fact, summer is finally here.
The warmer weather almost invariably brings with it summer vacations, sports tournaments, camping trips and a whole host of other outdoor activities.
But you’re going to need to cool off with all that time spent out in the sun.
Here are three companies that can help keep you cool this summer season.
Shares have already rallied more than 10% off their 52-week lows, but there is good reason to believe that Molson Coors stock could still have plenty of room left to run.
Molson disappointed the investing community earlier this spring when it released disappointing first-quarter results.
But some of those results were transitory – meaning that they aren’t likely to recur again – and the company has maintained that it still believes it can hit its full-year targets.
It was also released recently that management at Molson Coors intends to reinstate the company’s old dividend policy potentially as soon as 2019.
By that time, there’s a good chance the shares could be yielding considerably more than the 2.41% they do today.
Another interesting development in relation Molson Coors recently was a report that surfaced from Bloomberg indicating that the brewer has been in serious discussions with as many as four licensed marijuana producers about making a push into the soon-to-be-legal market.
It’s a move that would seemingly make sense, as some are forecasting that legal pot sales could eat into the existing alcohol market.
With that theme in mind, Constellation Brands, Inc. Class A (NYSE:STZ) is another alcoholic-beverage maker that could help you cool down this summer season.
Constellation made a splash last year when it became the first alcoholic beverage maker to put a significant investment in the marijuana market.
At the time, it was rumoured that Constellation was interested in the potential of marijuana-infused beverages, with the latest report suggesting that Molson Coors may be interested in doing the same.
Constellation Brands may be able to boast the claim of having the third largest share of the global beer market, but the top dog in that regard would have to be Anheuser Busch Inbev NV (ADR)(NYSE:BUD).
AB Inbev, as the company is better known, is an absolute behemoth, with a market capitalization north of $160 billion.
But the best thing about BUD stock is its dividend, which currently yields shareholders 4.24%.
Time to make your move
Following a slow start to the year, consumer staples stock began to rally in June.
These three brewers could end up outperforming this summer, with the added benefit that they’d also probably do well during a potential economic downturn.
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Fool contributor Jason Phillips owns the January 2019 60-strike calls of MOLSON COORS CANADA INC., CL.B, NV. The Motley Fool owns shares of Anheuser-Busch InBev NV and Molson Coors Brewing.