Constellation Brands, Inc. (STZ) - NYSE
  • Thu, Mar. 10, 9:54 AM
    • RBC Capital lifts its price targets on two consumer staples heavyweights.
    • Coca-Cola (KO +0.6%) is assigned a fresh of $51. KO is +4.5% YTD to $44.90. Shares yield 3.11%.
    • Reynolds American (RAI +1.4%) earns a PT of $57. RAI is +12.8% YTD to $52.14. Shares yield 3.22%.
    • There's been some debate that the run of consumer staples stocks is poised to end, but SA contributor Daryl Montgomery argues the sector is still a safe play on a technical view.
    • Earlier this week, Evercore ISI's Rick Ross also came in positive on the sector (CNBC video).
    • "You probably can't do much better than owning the staples on this breakout from a multiyear trading range ... against the backdrop of a world where yields are extremely low,"said Ross
    • Related stocks: PM, PG, PEP, CL, ADM, KMB, STZ, DPS, SJM, HRL, CHD, TSN, HSY, CPB, [[BF.]], BF.B.
    • Related ETFs: XLP, VDC, FXG, RHS, FSTA, PSL, PSCC.
    | Thu, Mar. 10, 9:54 AM | 9 Comments
  • Wed, Mar. 9, 3:54 PM
    • Constellation Brands (NYSE:STZ) announces a recall of Corona Extra beer in the U.S. and Guam due to the risk of glass particles inside the bottle. The impacted products are 12-pack and 18-pack Corona Extra products in 12-ounce clear bottles
    • The recall is tied to quality assurance inspections at a pair of Anheuser-Busch InBev breweries that produce Constellation beer on an interim basis.
    | Wed, Mar. 9, 3:54 PM | 4 Comments
  • Wed, Jan. 27, 9:28 AM
    | Wed, Jan. 27, 9:28 AM | 1 Comment
  • Wed, Jan. 27, 8:28 AM
    • Susquehanna issued a breakdown of the Beer Business Daily Summit held yesterday. Some read-throughs from the investment firm are listed below.
    • Analyst Pablo Zuanic says it could be "years" before Boston Beer (NYSE:SAM) is sold and warns investors to take a long-term view of the beer stock.
    • A presentation by MillerCoors (NYSE:TAP) served as a reminder that many of the cost synergies to be realized by Molson Coors (TAP) through its acquisition are likely to be reinvested.
    • Constellations Brands (NYSE:STZ) could see a "Donald Trump" overhang, warns Zuanic.
    • The Anheuser-Busch (NYSE:BUD) presentation tipped a pause for craft brewery acquisitions, while Heineken's (OTCQX:HEINY) talk disappointed.
    | Wed, Jan. 27, 8:28 AM
  • Thu, Jan. 7, 3:30 PM
    • Constellation Brands (STZ +3.6%) plans to invest $1.5B to construct a second brewery in Mexico.
    • The announcement was made on the same day the beer company reported a 16% increase in shipment volume for FQ3 and guided for double-digit beer sales growth.
    • Pivotal Research moves it price target to a Street-high $185 after digesting the strong beer and wine performance by Constellation.
    • Previously: Constellation Brands reports FQ3 results (Jan. 7)
    | Thu, Jan. 7, 3:30 PM
  • Thu, Jan. 7, 7:48 AM
    • Constellation Brands (NYSE:STZ): FQ3 EPS of $1.42
    • Revenue of $1.64B (+6.5% Y/Y)
    • Shares +1.35% PM.
    | Thu, Jan. 7, 7:48 AM
  • Wed, Jan. 6, 5:30 PM
    | Wed, Jan. 6, 5:30 PM | 1 Comment
  • Wed, Jan. 6, 2:01 PM
    • Constellation Brands (STZ -0.7%) blasted past rivals last year due to its strong product lineup, according to a breakdown by Bloomberg Intelligence.
    • The company is benefiting from a higher mix of wine and imported beer products than what rivals Diageo and Anheuser-Busch InBev offer. In the U.S., Constellation beers Corona, Modelo Especial, Negra Modelo, Victoria, and Pacifico have sold well in the Southwest and West.
    • Analysts think the next leg of growth for the company could be craft beer after Constellation fired off a well-timed acquisition of Ballast Point. Ballast has a deeper penetration in the U.S. than some of the craft breweries picked up by A-B InBev.
    • Previously: Constellations Brands acquires craft brewer Ballast Point (Nov. 16, 2015)
    | Wed, Jan. 6, 2:01 PM
  • Dec. 11, 2015, 8:01 AM
    • Constellation Brands (NYSE:STZ) is the top pick of Cowen & Company for 2016.
    • The investment firm thinks Constellation will trade at a premium due to "best in class" volume growth.
    • The addition of Ballast Point is also seen as a highly accretive move. Cowen sees a $0.20 benefit to EPS.
    • Shares of STZ are up 10% since the MegaBrew deal first starting to perculate.
    | Dec. 11, 2015, 8:01 AM
  • Dec. 4, 2015, 1:37 PM
    • Investors are buying back into consumer staples and consumer discretionary names, while tip-toeing around major chains such as Wal-Mart, Target, Best Buy, and Macy's. Some sin stocks are part of the rally.
    • Lower oil prices, today's read on U.S. employment, and a few key earnings report have helped to increase confidence that consumers will spend more on low-priced items. Notable movers by category are below.
    • Nondurable household products: Scott's Liquid Gold-Inc (OTCPK:SLGD +4.5%), Procter & Gamble (PG +2.5%), Church & Dwight (CHD +1.6%), Spectrum Brands (SPB +1.4%).
    • Toys/Video games: Electronic Arts (EA +4.6%), Mattel (MAT +4.3%), Activision Blizzard (ATVI +3.2%).
    • Tobacco: Reynolds America (RAI +3.1%), Altria (MO +2.5%).
    • Beverages: Brown-Forman (NYSE:BF.A) +3.2%, Constellation Brands (STZ +2.8%), Coca-Cola (KO +2.3%), PepsiCo (PEP +2%).
    • Footwear: Nike (NKE +2.6%), Skechers (SKX +1.9%), Wolverine Worldwide (WWW +2.2%).
    • Related ETFs: XLY, XRT, VCR, RTH, RETL, IYK, IYC, FXD, FDIS, SCC, UCC, RCD, PMR, UGE, SZK, BITE
    | Dec. 4, 2015, 1:37 PM | 15 Comments
  • Dec. 4, 2015, 10:53 AM
    • Beer stocks are out ahead of market averages. Favorable macroeconomics news may be factoring without any major developments on the M&A front. There's also some reports on new growth channels for the industry.
    • Molson Coors (NYSE:TAP) is up 3.2%, while Constellation Brands (NYSE:STZ) and Boston Beer (NYSE:SAM) are 2.8% higher.
    | Dec. 4, 2015, 10:53 AM
  • Nov. 23, 2015, 7:15 AM
    • Cowen and Company upgrades Constellation Brands (NYSE:STZ) to an Outperform rating after having the stock set at Market Perform.
    • The investment firm raises its price target on the beverage seller to $170 (+24% upside potential) from $135 after analyzing beer market share trends.
    | Nov. 23, 2015, 7:15 AM
  • Nov. 16, 2015, 9:26 AM
    • Constellation Brands (NYSE:STZ) announces it acquired Ballast Point Brewing & Spirits for close to $1B. The level that values the company at an EBITDA multiple in the mid-to-high teens.
    • The California craft beer maker is expecting sales of about $115M this year off of volume of 4M cases.
    • Ballast Point filed for an IPO about a month ago under the symbol PINT.
    • Previously: Ballast Point Brewing & Spirits files for IPO (Oct. 19 2015)
    | Nov. 16, 2015, 9:26 AM | 5 Comments
  • Nov. 16, 2015, 8:33 AM
    • Hedge fund Third Point disclosed its current holdings in a new SEC filing.
    • The firm now holds 8.25M shares of Kraft Heinz (NASDAQ:KHC).
    • The stake in Yum Brands (NYSE:YUM) was increased to over 11.7M shares.
    • Third Point trimmed its positions in Constellation Brands (NYSE:STZ) and J.M. Smucker (NYSE:SJM).
    • SEC Form 13-F
    | Nov. 16, 2015, 8:33 AM | 1 Comment
  • Nov. 10, 2015, 7:56 AM
    • Analyst Vivien Azer is out with a new report on the beer industry.
    • Azer says beer volume remains in a challenging trend, while pricing has softened again.
    • Craft and imports continue to take market share, although growth in the category may be slowing.
    • Beer stocks: BUD, OTCPK:SBMRY, TAP, OTCQX:HEINY, SAM, BREW, STZ, PINT.
    | Nov. 10, 2015, 7:56 AM | 2 Comments
  • Oct. 7, 2015, 1:26 PM
    • Lower gas prices in the U.S. continue to give a boost to some pockets of the retail sector. The benefit might be most dramatic with the so-called "sin" stocks.
    • Tobacco stocks Reynolds American (RAI -0.5%) and Altria (MO +0.5%) have both outperformed the S&P 500 over the last year by a wide margin. Though there's a lot going on in the tobacco sector, stronger demand and solid pricing in the U.S. has been a factor. Cigarette sales in the U.S. are poised to show their first year-over-year annual gain since 2006. Shipments for the first half of the year actually rose, according to government data (Full report from the Alcohol and Tobacco Tax and Trade Bureau (.pdf)).
    • Casino traffic has also been higher since gas started its tumble to as low as $2 per gallon in parts of the country. U.S-focused casino stocks have smashed the returns of their larger Macau-tainted peers. Isle of Capri (NASDAQ:ISLE) is +148% over the last 52 weeks, while Churchill Downs (NASDAQ:CHDN) and Pinnacle Entertainment (NYSE:PNK) are both up over 40%. Most regional casino stocks are ahead of the broad market.
    • Lower gas prices could also be a factor in the alcohol sector. Constellation Brands (NYSE:STZ) and Brown-Forman (BF.A, BF.B) have both cited strong sales in the U.S. off of improved demand trends that fell roughly in line with the drop in gas.
    | Oct. 7, 2015, 1:26 PM | 40 Comments
Company Description
Constellation Brands, Inc. engages in the production, marketing and distribution of beverage alcohol products. Its portfolio includes wine brands, complemented by spirits, imported beers and other select beverage alcohol products. The company provides its products under the brand names of Robert... More
Industry: Beverages - Wineries & Distillers
Country: United States