ROCHESTER, N.Y., Dec. 03, 2024 (GLOBE NEWSWIRE) -- Constellation Brands (NYSE: STZ), a leading beverage alcohol company, today announced that it has reached an agreement with global spirits company Sazerac, to divest its SVEDKA brand. This transaction is expected to close in the coming months. The decision builds on the company’s strategic efforts to further align the wine and spirits portfolio with evolving consumer preferences and growing market sectors, focusing on higher end wine and spirits brands and ...

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Packages of Modelo Especial beer are displayed for sale in a grocery store on June 14, 2023 in Los Angeles, California.Shares of Constellation Brands fell 4% in morning trading after President-elect Donald Trump announced plans to place a 25% tariff on Mexican imports once he's inaugurated.Constellation imports all of its beer from Mexico, including Modelo and Corona. Beer accounted for 86% of Constellation's sales in the first half of its fiscal year.Shares of Constellation have fallen 4% this year, includ ...

Constellation Brands, Inc. (STZ) has encountered a notable resistance level, prompting caution among investors from a technical standpoint. STZ is trading below the 50 and 200-day simple moving averages (SMA) for quite some time now, which suggests a bearish trend.Image Source: Zacks Investment ResearchClosing at $238.06 yesterday, STZ remains below its 50-day and 200-day SMA of $250.79 and $244.14, respectively, indicating a possible sustained downward trend.STZ has shown a lackluster performance, with its ...

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In this article STZ ABI-BE Packages of Modelo Especial beer are displayed for sale in a grocery store on June 14, 2023 in Los Angeles, California. Mario Tama | Getty Images Modelo cans have become part of the fabric of events for Rio Riojas' family and community in Lansing, Michigan. The 35-year-old often finds himself opting for the brand at grocery stores or bars. The beer has become, in his words, "synonymous" with gatherings, ranging from small hangouts to birthday parties. "It's definitely the choice o ...

ROCHESTER, N.Y., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Constellation Brands (NYSE: STZ), a leading beverage alcohol company, today announced the appointment of E. Yuri Hermida as the company's new Executive Vice President, Chief Growth & Strategy Officer. In this role, Hermida will be responsible for Consumer Insights & Innovation, Digital, Transformation, Media, New Business Ventures, and Strategy & Analytics. He will report directly to Bill Newlands, President and Chief Executive Officer, and will serve as a ...

Constellation Brands Today | --- | --- | --- | |-----------------------|-------|-------| | | | | | | | | | STZ | | | | Constellation Brands | | | | $243.07 | | | | -3.60 (-1.46%) | | | | 52-Week Range $227.50 | | | | | | | | ▼ | | | | $274.87 | | | | Dividend Yield 1.66% | | | | P/E Ratio 18.11 | | | | Price Target $292.38 | | | Add to Watchlist Constellation Brands Inc. NYSE: STZ sells beer, wine and spirits. Its portfolio of alcoholic beverage brands is familiar to anyone who's been to a sports bar, had d ...

A brief update from my last coverage on Constellation Brands (NYSE: STZ ) (NEOE: STZ:CA ). I gave a buy rating in July, and my key thesis was that STZ should continue to grow its earnings healthily I'm a passionate investor with a strong foundation in fundamental analysis and a keen eye for identifying undervalued companies with long-term growth potential. My investment approach is a blend of value investing principles and a focus on long-term growth. I believe in buying quality companies at a discount to t ...