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Constellation Brands
STZ

$263.50
0.25%
 

About: Constellation Brands is the largest provider of alcoholic beverages across the beer, wine, and spirits categories in the US, generating 80% of revenue from Mexican beer imports under top-selling brands such as Modelo and Corona. The rest of the business includes some remaining wine and spirits brands, categories where the company continue to prune assets in recent years. With its exclusive rights tied to the Mexican beer brands effective only in the US, the firm has small revenue exposure to international markets. Constellation owns a 36% stake in no-moat Canopy Growth, a medicinal and recreational cannabis producer in Canada, and has a 50/50 joint venture with glass manufacturer Owens-Illinois in Mexico.

Employees: 10,600

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 23 analysts
0
News positive %
of 11 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

14% more capital invested

Capital invested by funds: $34.2B [Q4 2023] → $39.1B (+$4.92B) [Q1 2024]

6% more funds holding in top 10

Funds holding in top 10: 18 [Q4 2023] → 19 (+1) [Q1 2024]

1.48% more ownership

Funds ownership: 80.08% [Q4 2023] → 81.57% (+1.48%) [Q1 2024]

7% more first-time investments, than exits

New positions opened: 133 | Existing positions closed: 124

2% more repeat investments, than reductions

Existing positions increased: 477 | Existing positions reduced: 468

1% more funds holding

Funds holding: 1,270 [Q4 2023] → 1,279 (+9) [Q1 2024]

10% less call options, than puts

Call options by funds: $456M | Put options by funds: $508M

Research analyst outlook

23 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$194
26%
downside
Avg. target
$300
14%
upside
High target
$380
44%
upside

23 analyst ratings

23 positive
100%
neutral
0%
negative
0%
UBS
Peter Grom
20%upside
$315
Buy
Maintained
20 Jun 2024
JP Morgan
Andrea Teixeira
10%upside
$291
Overweight
Maintained
20 Jun 2024
Barclays
Lauren Lieberman
9%upside
$288
Overweight
Maintained
29 May 2024
RBC Capital
Nik Modi
17%upside
$308
Outperform
Reiterated
28 May 2024
Barclays
Lauren Lieberman
12%upside
$295
Overweight
Maintained
15 Apr 2024

Financial journalist opinion

Based on 11 articles about STZ published over the past 30 days