Constellation Brands (STZ), as shown by recent market updates, continues to utilize debt well, with particular strength seen in its
beer business.
Victory Capital Management and
Los Angeles Capital Management have lessened their holdings in STZ, but the
institutional ownership remains high at 79%. The company's stock has consistently outperformed the market, even amidst broader market dips.
Third quarter results and sales estimates have been strong, contributing to the trend of STZ being a
top stock for the long term.
Merrit Financial Group and the
National Pension Service continue to maintain significant holdings.
Beer sales continue to offset weaknesses in the wine and spirits division, despite a sluggish fiscal third quarter. Even as Wall Street opinions remain bullish, high pricing threatens the company's popularity with investors. The company exceeded Q1 sales expectations but met full year 2024 projections. They also recently appointed
Sam Glaetzer to lead the Wine & Spirits Division while achieving a robust momentum in Modelo-fueled beer sales. However,
insiders have been observed selling a significant amount of shares. Over the next five years, STZ aims to add 100 million cases, reinforcing their growth prospect.
Constellation Brands STZ News Analytics from Thu, 31 Aug 2023 07:00:00 GMT to Sun, 12 May 2024 12:49:29 GMT -
Rating 8
- Innovation 5
- Information 7
- Rumor -1
