Constellation Brands Inc. (STZ) has remained a top value stock in the long-term despite current losses. Over the past year, the company's stock hit a low at $232.57 but was still outperforming the market on certain days. Several large firms, including US Bancorp DE, abrdn plc, and DekaBank Deutsche Girozentrale, have reduced their shares in STZ, while AMI Asset Management Corp also cut its stock holdings. Notably, the company's President & CEO,
William Newlands, also sold his shares. However, Constellation Brands remained optimistic, appointing
E. Yuri Hermida as the new EVP, Chief Growth & Strategy Officer. They attributed their resilience to their strong beer business, even when facing a challenging financial environment. While there are some indications of a diminished wine and spirits business, Constellation Brands is bullish about their future growth led by their beer sales. There is some concern over a $2.5 billion charge due to weak wine demand. The company remains committed to its mission despite warnings of a $2.5B writedown. STZ continued to pay its dividends and despite missing sales targets, they reaffirmed their fiscal 2025 outlook.
Constellation Brands STZ News Analytics from Thu, 11 Apr 2024 07:00:00 GMT to Sat, 02 Nov 2024 09:42:40 GMT -
Rating 7
- Innovation 6
- Information 7
- Rumor -3
