Constellation Brands (STZ)

• Market cap: $23.4B
• 1 day: -0.05%
• 5 days: -7.01%
• 1 month: -20.02%
• 3 months: -16.89%
• 6 months: -25.86%
• Year to date: -40.26%
• 1 year: -47.02%
• 5 years: -29.2%
• 10 years: 4.41%
• 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 84% 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 has pruned assets in recent years. With its exclusive rights tied to the Mexican beer brands effective only in the US, the firm has limited 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 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

2.46% more ownership

Funds ownership: 80.27% [Q1] → 82.73% (+2.46%) [Q2]

8% more call options, than puts

Call options by funds: $791M | Put options by funds: $732M

0% more funds holding in top 10

Funds holding in top 10: 4 [Q1] → 4 (+0) [Q2]

4% less funds holding

Funds holding: 1,160 [Q1] → 1,113 (-47) [Q2]

10% less capital invested

Capital invested by funds: $26.6B [Q1] → $23.9B (-$2.68B) [Q2]

19% less first-time investments, than exits

New positions opened: 124 | Existing positions closed: 154

21% less repeat investments, than reductions

Existing positions increased: 369 | Existing positions reduced: 470

Research analyst outlook

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

• Low target: $142
• Avg. target: $176
• High target: $209

15 analyst ratings

• positive: 8 53%
• neutral: 6 40%
• negative: 1 7%

Barclays Lauren Lieberman	$150	Equal-Weight Downgraded	12 Sep 2025
Bernstein Nadine Sarwat	$195	Outperform Maintained	4 Sep 2025
Citigroup Filippo Falorni	$155	Neutral Maintained	4 Sep 2025
BMO Capital Andrew Strelzik	$190	Outperform Maintained	4 Sep 2025
TD Cowen Robert Moskow	$152	Hold Maintained	4 Sep 2025