Constellation Brands (STZ)

• Market cap: $34.8B
• 1 day: 2.61%
• 5 days: 2.85%
• 1 month: 6.88%
• 3 months: 15.49%
• 6 months: -17.83%
• Year to date: -12.11%
• 1 year: -23.40%
• 5 years: 16.09%
• 10 years: 64.37%
• Sector: Consumer Staples
• Industry: Beverages - Brewers

About: Constellation Brands is the largest provider of alcoholic beverages across the beer, wine, and spirits categories in the us, generating 82% 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 little revenue exposure to international markets. Constellation owns a 26% 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

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

67% more funds holding in top 10

Funds holding in top 10: 6 [Q3] → 10 (+4) [Q4]

18% more first-time investments, than exits

New positions opened: 173 | Existing positions closed: 146

1.5% more ownership

Funds ownership: 78.6% [Q3] → 80.1% (+1.5%) [Q4]

1% more funds holding

Funds holding: 1,301 [Q3] → 1,308 (+7) [Q4]

11% less capital invested

Capital invested by funds: $36.8B [Q3] → $32.7B (-$4.06B) [Q4]

23% less repeat investments, than reductions

Existing positions increased: 411 | Existing positions reduced: 536

31% less call options, than puts

Call options by funds: $371M | Put options by funds: $540M

Research analyst outlook

10 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $190 3% downside
• Avg. target: $214 9% upside
• High target: $256 31% upside

10 analyst ratings

• positive: 7 70%
• neutral: 3 30%
• negative: 0 0%

RBC Capital Nik Modi 34% 1-year accuracy 16 / 47 met price target	19% upside $233	Outperform Maintained	14 Apr 2025
Barclays Lauren Lieberman 61% 1-year accuracy 53 / 87 met price target	6% upside $207	Overweight Maintained	14 Apr 2025
Citigroup Filippo Falorni 43% 1-year accuracy 9 / 21 met price target	3% downside $190	Neutral Maintained	11 Apr 2025
Goldman Sachs Bonnie Herzog 0 / 0 met price target	15% upside $225	Buy Maintained	11 Apr 2025
JP Morgan Andrea Teixeira 47% 1-year accuracy 29 / 62 met price target	1% downside $194	Neutral Maintained	11 Apr 2025