Constellation Brands (STZ) has been marked as the best beer stock to purchase several times now. It remains resilient despite challenges and is viewed as a valuable long-term investment. Major moves by companies such as Peapack Gladstone Financial Corp, Geode Capital Management LLC, and M&T Bank Corp selling STZ shares contrast with activities by other groups like Rehmann Capital Advisory Group and Executive Wealth Management LLC acquiring new holdings. STZ announced plans to divest its SVEDKA vodka brand to Sazerac, signaling a shift towards premium range products. Despite declines in stock over six months, the robust beer business is countering the loss. Q3 Fiscal 2025 financial results will be reported this January. The company has a noteworthy five-year return of 41%, despite mixed Q2 results associated with market pressures and a dip caused by tariffs on Mexican imports. The outlook for 2025 has been updated, with wine and spirits sales seen as weaker. However, the company boasts a strong beer business, with STZ's CFO looking to present its strategic vision at a future conference. Needham has initiated coverage with a buy recommendation, and others echo the buy stance.
Constellation Brands STZ News Analytics from Wed, 03 Jul 2024 07:00:00 GMT to Sat, 14 Dec 2024 11:38:22 GMT -
Rating 7
- Innovation 3
- Information 6
- Rumor -5
