#1 - Constellation Brands (NYSE:STZ)
Constellation Brands Inc. (NYSE: STZ) is the parent company of iconic beer, wine, and spirits brands like Corona Extra, Modelo Especial, Pacifico, Robert Mondavi Winery, Kim Crawford, Meiomi, and Casa Noble Tequila, and more.
The company’s stock is only down 1.9% in 2024, making it among the best in a category that has been under pressure. Much of that pressure has to do with a decline in the sale of hard liquor.
However, beer sales continue to grow, which is boosting the company’s top line on a year-over-year basis. The same is true of earnings. The company expects this trend to continue in 2025 with the rise in beer revenue offsetting a decline in wine and spirits sales. The fact that the slowdown is limited to wine and spirits likely means that the company’s sales reflect the state of a consumer that is shifting to beer.
Analysts are lowering their price targets and investors won’t hear from the company until it reports earnings in early January. However, STZ stock still has a consensus price target of $290.47, which is a 22% gain from the stock’s closing price on November 18, 2024. Constellation also pays an attractive dividend which yields 1.7% and has an annual payout of $4.04 per share.
About Constellation Brands
Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.
Read More - Current Price
- $239.66
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 13 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $290.47 (21.2% Upside)
