Constellation Brands (STZ) has been the subject of numerous headlines recently, mostly revolving around legal issues, investor concerns, and market predictions. A class action lawsuit for securities fraud charges is alleged against the company, which has naturally made investors cautious. A substantial portion of the company’s shares is owned by institutional owners accounting for 75% ownership. Celebrity investor Warren Buffett reportedly acquired Constellation Brands stock last quarter, leading to speculation of whether other investors should mirror the move. Despite a loss of 28% for investors who invested a year ago, some analysts suggest that STZ may still be among the best beverage stocks to buy. Barclays and RBC Capital have lowered their price targets for STZ, with lowered growth forecast from Modelo beer affecting the company’s stock. However, the shares saw a significant rise recently, the reasons for which remain unclear. Interestingly, STZ plans to invest $4 Billion USD in Canopy Growth, which highlights their effort to establish global industry dominance.
Constellation Brands STZ News Analytics from Wed, 15 Aug 2018 07:00:00 GMT to Sat, 15 Mar 2025 13:03:25 GMT -
Rating -2
- Innovation 0
- Information 6
- Rumor -6
