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Bonnie Herzog
Managing Director,
Wells Fargo Securities, LLC

Bonnie Herzog is a Managing Director and Senior Consumer Equity Analyst at Wells Fargo covering the Beverage, Household & Personal Care, Tobacco and Convenience Store sectors. Prior to joining Wells Fargo in 2010, Bonnie was a managing director at Citi Investment Research where she covered the beverage and tobacco sectors in equity research. During her almost 20 years of experience as a sell-side equity research analyst, Bonnie has been a top-ranked Institutional Investor analyst. For ten years, Bonnie was recognized by Institutional Investor magazine for the All-America Research Team, primarily ranking as No. 2 in the tobacco sector and in 2017, she ranked in the top ten in the broader Beverage, Household & Personal Care Products sector. Bonnie was ranked No. 3 stock picker in the tobacco sector and No. 3 earnings estimator for both the tobacco and beverage sectors in the 2017 U.S. Thomson Reuters Industry Analyst Awards. Prior to joining Citi in 2002, Bonnie was the senior beverage and tobacco analyst at Credit Suisse since 1997. Bonnie is best known for her in-depth proprietary research and successful contrarian stock calls. She has been a guest speaker at numerous tobacco, beverage and convenience store industry conferences. Bonnie earned an MBA degree in finance from the Sloan School of Management at the Massachusetts Institute of Technology and a BA degree in finance from the University of St. Thomas in St. Paul, Minnesota.

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