STZ - Constellation Brands, Inc.
| Previous Close | 172.70 |
| Open | 172.71 |
| Bid | 145.08 x 900 |
| Ask | 186.73 x 800 |
| Day's Range | 171.28 - 176.28 |
| 52 Week Range | 104.28 - 212.00 |
| Volume | 1,394,532 |
| Avg. Volume | 1,999,839 |
| Market Cap | 33.512B |
| Beta (5Y Monthly) | 0.92 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.06 |
| Earnings Date | Jun. 26, 2020 - Jun. 30, 2020 |
| Forward Dividend & Yield | 3.00 (1.71%) |
| Ex-Dividend Date | May 04, 2020 |
| 1y Target Est | 184.89 |
- Thomson Reuters StreetEvents
Edited Transcript of STZ earnings conference call or presentation 3-Apr-20 3:30pm GMT
Q4 2020 Constellation Brands Inc Earnings Call
- Yahoo Finance
Canopy Growth CEO says new data on cannabis beverages show they can be bigger than hard seltzer
Despite recent troubles, Canopy Growth is optimistic its cannabis beverages can dwarf the growth of hard seltzers.
- Yahoo Finance
Cannabis company Canopy has a decade-long tailwind: Analyst
Shares of Canopy growth (CGC) are trading 30% lower since its latest quarterly results last week. However one analyst sees share as undervalued for the Canadian cannabis company which has shifted from medical to more recreational sales when that market was legalized in Canada almost two years ago. “Although we expect the medical market to shrink because of recreational legalization, we forecast more than 10% average annual growth for the entire Canadian market through 2030, driven by the conversion of black-market consumers into the legal market and new cannabis consumers,” analyst Kristoffer Inton wrote in a note to investors.
- Motley Fool
Could Canopy Growth Be a Millionaire-Maker Stock?
Canopy Growth (NYSE: CGC) shares aren't anywhere close to their levels in late 2018 and early 2019 as the Canadian adult-use recreational marijuana market was first launching. If Canopy can remain a top leader in the industry, it could be able to deliver more impressive gains in the future than it has in the past. There's no question that Canopy has plenty of growth opportunities.
CNW GroupCanopy Growth Reports Full Year and 4th Quarter Fiscal 2020 Financial Results; Provides Strategic Review Update
Canopy Growth Reports Full Year and 4th Quarter Fiscal 2020 Financial Results; Provides Strategic Review Update
- GlobeNewswire
Constellation Brands and E. & J. Gallo Further Revise Wine and Spirits Agreement in Connection With Federal Trade Commission Review Process
Constellation’s Mission Bell facility is excluded from the transaction in response to concerns related to the production of the brands excluded from the December 2019 revised agreement. The transaction price is revised to approximately $1.03 billion, of which $250 million is an earnout based on divested brand performance over a two-year period. The transaction is expected to close in the second quarter of fiscal 2021, subject to FTC review.
- Motley Fool
3 Stocks That Pay You to Own Them
Having a stable source of income, even if it's not guaranteed, can give investors peace of mind during times of turmoil.
- Motley Fool
4 Reasons Why Canopy Growth Could Bounce Back in 2020
The pot stock's been struggling over the past year, but there are plenty of reasons to be optimistic about its future.
- Zacks
Constellation Brands (STZ) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Constellation Brands (STZ) closed at $179.38, marking a +1.68% move from the previous day.
- Motley Fool
Better Buy: Costco vs. Constellation Brands
Headquartered in Victor, New York, Constellation Brands describes itself as the "fastest-growing, large consumer product goods company in the U.S. at retail." After a substantial investment in Canadian cannabis company Canopy Growth, Constellation is working toward being the leader in cannabis-infused beverages and other products. On April 3, Constellation Brands released fiscal-year 2020 results.
- GlobeNewswire
Constellation Brands to Present at the 2020 RBC Capital Markets Global Consumer and Retail Virtual Conference on May 27, 2020
VICTOR, N.Y., May 20, 2020 -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that Garth Hankinson, chief financial.
- Zacks
Constellation Brands (STZ) Gains As Market Dips: What You Should Know
Constellation Brands (STZ) closed at $168.90 in the latest trading session, marking a +0.23% move from the prior day.
- Yahoo Finance
Hard seltzer sales tripled in 2019. Molson Coors is playing catch up with a secret weapon: Vitamin C
Molson Coors is launching its hard seltzer Vizzy to take on White Claw.
- Motley Fool
2 Top Canopy Growth Executives Leave Company
Top management changes are in the cards at Canopy Growth (NYSE: CGC). The company said that its chief operating officer Andre Fernandez and chief commercial officer Dave Bigioni are no longer employed there, after mutually agreeing with Canopy Growth to depart. Both Fernandez and Bigioni were veterans of the corporate world prior to their tenures at Canopy Growth.
- The Motley Fool
The Constellation Investment Is Proving to Be Canopy’s (TSX:WEED) Most Significant Competitive Advantage
Constellation Brands (NYSE:STZ) exercised warrants to acquire additional shares in Canopy (TSX:WEED)(NYSE:CGC).The post The Constellation Investment Is Proving to Be Canopy’s (TSX:WEED) Most Significant Competitive Advantage appeared first on The Motley Fool Canada.
- Motley Fool
5 Reasons Canopy Growth Still Isn't a Buy
The biggest marijuana stock in the world by market cap has a long way to go before it becomes investment-worthy.
- Motley Fool
Better Marijuana Stock to Buy: Cronos Group or Canopy Growth?
Over the last 20 months, they have been impacted by valuation issues, a thriving black market, lower than expected demand, high inventory levels, mounting losses, health issues from the vaping scandals, and much more. The investor euphoria that surrounded cannabis stocks when Canada legalized marijuana for recreational use seems like a distant dream. The marijuana sector is still at a nascent stage and is expected to grow at a rapid pace in the upcoming decade.
- Zacks
Constellation Brands (STZ) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Constellation Brands (STZ) closed at $164.68, marking a -0.83% move from the previous day.
- Motley Fool
Constellation Brands Just Upped Its Stake In Canopy Growth. Here's Why The Pot Stock Is A Buy
Constellation Brands (NYSE: STZ) has given Canopy Growth (NYSE: CGC) a renewed strong vote of confidence. On May 1, the company known for its Corona beers announced that it would be exercising warrants which would give Constellation a 38.6% stake in the cannabis company. In 2018, it invested another $4 billion into Canopy Growth.
- Yahoo Finance Canada
Canopy Growth hopes for summer love as Seth Rogen pot drinks near release
Investors will get to decide if the Canopy Growth’s beverage bet is paying off as cannabis fights an uphill battle for a home inside Canadian coolers.
- Motley Fool
Better Marijuana Stock: Canopy Growth vs. Cresco Labs
Which stock wins in a battle between the top Canadian cannabis producer and one of the leading U.S. cannabis operators?
- Yahoo Finance
Corona beer sales on fire during the coronavirus pandemic: Constellation Brands CEO
Constellation Brands CEO Bill Newlands joins Yahoo Finance to discuss the state of the beer industry amidst the COVID-19 pandemic.
- Yahoo Finance Video
Constellations Brands CEO does not expect ‘significant, out-of stock situations’ for Corona, Modelo beer
Bill Newlands, President and CEO of Constellations Brands, joins Yahoo Finance to discuss the overall state of the business, production of Corona and Modelo in Mexico, why the company increased its stake in Canopy Growth and its plans to celebrate Cinco De Mayo differently this year, including ways consumers can giveback.
- Bloomberg
Mexico Is Running Out of Beer, But Keeps Brewing Corona For Americans
(Bloomberg) -- Mexico’s beer lovers have had a hard time finding stocked shelves after the government deemed the industry non-essential and ordered it shut.But Constellation Brands Inc., the company that brews Modelo brands like Corona in Mexico and sells them in the U.S. market, is continuing its operations in the country amid the coronavirus pandemic.Last week, the operator of Latin America’s largest chain of convenience stores said its Oxxo stores could run out of beer in the next 10 days as Mexican breweries run by Anheuser-Bush InBev SA’s Grupo Modelo and Heineken NV have been shut for weeks. Constellation Brands, which has two plants in northern Mexico, has kept them going.“We’ve had ongoing discussions with the Mexican government and continue to operate in compliance with the law,” said spokesman Michael McGrew in an email response to questions. The company has significantly reduced its production activities and the number of people on site at its facilities, he said.Beer production isn’t authorized under current sanitary restrictions, Deputy Health Minister Hugo Lopez-Gatell said in an April 10 news conference. Health officials declined to comment about Constellation’s ongoing production, and Labor Ministry officials didn’t immediately respond to a request for comment.President Andres Manuel Lopez Obrador declared a national health emergency at the end of March and called for a halt to non-essential activities that included most manufacturing.Under current conditions, Constellation Brands only has inventory for about 40 days, which seems insufficient for popular configurations, according to a research note by MKM analyst Bill Kirk.(Updates with no comment from government in fifth paragraph and research note in last paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Motley Fool
3 Reasons Constellation Brands Just Upped Its Stake in Canopy Growth
Anyone thinking that Constellation Brands (NYSE: STZ) was starting to regret its multibillion-dollar investment in Canopy Growth (NYSE: CGC) just found out how far off base they were. Constellation announced on May 1 that it had exercised nearly 18.9 million warrants to buy another 5.1% of Canopy Growth's outstanding shares for $245 million Canadian, which translates to close to US$174 million. Canopy Growth has been a major drag on Constellation's financial performance every quarter since the big adult beverage company invested $4 billion in the Canadian cannabis producer in 2018.
