constellation brands news today

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VICTOR, N.Y. and SAN FRANCISCO,Oct. 06, 2022(GLOBE NEWSWIRE) — Constellation Brands, Inc. (NYSENYSEThe New York Stock Exchange is an American stock exchange located at 11 Wall Street, Lower Manhattan, New York City, New York. It is by far the world’s largest stock exchange by market capitalization of its listed companies at US$30.1 trillion as of February 2018. The average daily tra… STZ and STZ.B), a leading beverage alcohol company, announced today that it has reached an agreement with The Wine Group to divest a portion of its mainstream and premium wine portfolio, including Cooper Thief, Crafters Union, The Dreaming Tree, Monkey Bay, 7 Moons, and Charles Smith Wines.

Is Constellation Brands a good stock?

Constellation Brands ( NYSE: STZ) is a good bet as investors look to belly up to alcoholic beverage stocks, according to Wedbush analyst Gerald Pascarelli. He explained that while the industry has been hit by a number of disruptions in terms of consumer taste and macroeconomic trends, a reversion to historical norms is likely on the way.

What is Constellation Brands’ 2022 ESG impact report?

Constellation Brands’ 2022 Environmental, Social, and Governance (ESG) Impact Report highlights notable progress made in its key ESG focus areas: serving as good stewards of the environment; enhancing social equity within its industry and communities; and promoting responsible beverage alcohol consumption.

Can Constellation Brands survive a recession?

These investments should pave the way for faster growth and improving margins for many years down the road. In the meantime, shareholders can continue collecting dividends by simply holding the stock. Sure, Constellation Brands’ business would be sensitive to a recession, should one develop over the next few quarters.

Why is constellation investing $5 billion in Mexico?

Those resources give the management team flexibility to continue investing in high-return projects like its brewery expansion in Mexico. Constellation plans to spend over $5 billion on that project through the next three fiscal years.

What is marketbeat community ratings?

MarketBeat’s community ratings are surveys of what our community members think about Constellation Brands and other stocks. Vote “Outperform” if you believe STZ will outperform the S&P 500 over the long term. Vote “Underperform” if you believe STZ will underperform the S&P 500 over the long term. You may vote once every thirty days.

How much dividend does Constellation pay?

Constellation Brands pays an annual dividend of $0.93 per share and currently has a dividend yield of 1.34%. Constellation Brands does not yet have a strong track record of dividend growth. The dividend payout ratio of Constellation Brands is 9.33%. This payout ratio is at a healthy, sustainable level, below 75%.

What is the STZ symbol?

Constellation Brands trades on the New York Stock Exchange (NYSE) under the ticker symbol "STZ."

What is the consensus rating for Constellation Brands?

Constellation Brands has received a consensus rating of Buy. The company’s average rating score is 2.71, and is based on 13 buy ratings, 7 hold ratings, and no sell ratings.

What is Constellation Brands?

Constellation Brands, Inc. engages in the production, marketing, and distribution of beer, wine, and spirits. It operates through the following segments: Beer, Wine and Spirits, and Corporate Operations and Other, and Canopy. The Beer segment includes imported and craft beer brands. The Wine and Spirits segment sells wine brands across all categories-table wine, sparkling wine, and dessert wine-and across all price points. The Corporate Operations and Other segment comprises costs of executive management, corporate development, corporate finance, human resources, internal audit, investor relations, legal, public relations, and information technology. The Canopy segment consists of canopy equity method Investments. The company was founded by Marvin Sands in 1945 and is headquartered in Victor, NY.

When will Constellation Brands release its earnings?

Constellation Brands is scheduled to release its next quarterly earnings announcement on Thursday, October 7th 2021. View our earnings forecast for Constellation Brands.