STZ - Constellation Brands, Inc.
| Previous Close | 190.86 |
| Open | 191.12 |
| Bid | 178.00 x 900 |
| Ask | 0.00 x 1100 |
| Day's Range | 189.67 - 193.38 |
| 52 Week Range | 163.47 - 214.48 |
| Volume | 1,787,869 |
| Avg. Volume | 1,193,877 |
| Market Cap | 36.425B |
| Beta (5Y Monthly) | 0.65 |
| PE Ratio (TTM) | 44.05 |
| EPS (TTM) | 4.31 |
| Earnings Date | Apr. 01, 2020 - Apr. 05, 2020 |
| Forward Dividend & Yield | 3.00 (1.58%) |
| Ex-Dividend Date | Feb. 08, 2020 |
| 1y Target Est | 225.00 |
- Zacks
Altria Focuses on Pricing & RRPs Amid Low Cigarette Volumes
Altria's (MO) expansion in RRPs and focus on pricing bode well amid declining cigarette shipment volumes.
- Zacks
Coca-Cola Adds Two Powerade Sports Drinks, Enhances Portfolio
Coca-Cola (KO) launches Powerade Ultra and Powerade Power Water under Powerade Sports drink category. This is likely to aid the company's sales.
- Thomson Reuters StreetEvents
Edited Transcript of STZ earnings conference call or presentation 8-Jan-20 3:30pm GMT
Q3 2020 Constellation Brands Inc Earnings Call
- Zacks
Philip Morris Battles Low Cigarette Volumes, Pricing Aids
Philip Morris' (PM) performance is bearing adverse impacts of declining cigarette sales volume. However, expansion in RRPs and strong pricing are significant upsides.
- Yahoo Finance Canada
115 cannabis drink companies are taking aim at booze and soda
Beer, wine and spirit giants and small startups alike are betting on cannabis beverages disrupting the drinks market with products that can soothe sore muscles after a workout, or deliver a hangover-free buzz.
- Zacks
Coca-Cola (KO) Hits 52-Week High: What's Behind the Rally?
Coca-Cola's (KO) focus on consumer-centric innovation, solid core brand performance and improved execution in the marketplace bode well.
- Zacks
PepsiCo Strengthens Snacking Unit, Product Launches on Track
PepsiCo (PEP) is benefiting from its growing snacks business for a while now. It is also strengthening the Frito-Lay North American with flavorful products.
- Zacks
Is Constellation Brands (STZ) Stock Outpacing Its Consumer Staples Peers This Year?
Is (STZ) Outperforming Other Consumer Staples Stocks This Year?
- GlobeNewswire
Corona Light® Partners with Multi-Platinum Entertainer Jason Aldean for Summer Leg of 2020 WE BACK TOUR
First Round of Select Dates on Sale January 24 CHICAGO, Jan. 15, 2020 -- Corona Light, the number one light beer import, will be the lead sponsor behind the summer.
- Zacks
3 Beverage Makers Upping the Game in 2020 With Hard Seltzers
Beverage giants have stumbled upon a promising range of hard seltzers, satisfying their need for product diversification as well as meeting consumer preferences.
- Yahoo Finance
Why the cannabis industry has stalled for more than a year: Morning Brief
Top news and what to watch in the markets on Tuesday, January 14, 2020.
- Zacks
Constellation Brands (STZ) Upgraded to Buy: What Does It Mean for the Stock?
Constellation Brands (STZ) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- Zacks
Monster Beverage Up More Than 15%: Will the Rally Continue?
Monster Beverage's (MNST) momentum in the energy drinks category should continue to drive performance. Also, its efforts to innovate and launch products are encouraging.
- Zacks
Growth in Hard Seltzer to Aid Boston Beer Despite High Costs
Boston Beer's (SAM) investments in the Truly brand are likely to bolster its position in the fast-growing hard seltzer category. However, costs and margin woes are clouding its growth potential.
- Simply Wall St.
Constellation Brands, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year
Constellation Brands, Inc. (NYSE:STZ) investors will be delighted, with the company turning in some strong numbers...
- The Motley Fool
Horizons Marijuana ETF (TSX:HMMJ): Best Way to Bet on a Cannabis Rebound?
Horizons Marijuana Life Sciences ETF (TSX:HMMJ) stock could be the ultimate proxy for a rebound in the legal pot sector.
- The Motley Fool
Canopy Growth (TSX:WEED) Stock Price Impacts Constellation Brands’ EPS
Canopy Growth Inc (TSX:WEED)(NYSE:CGC) stock's poor price performance in Canada weighs down the high earnings at Constellation Brands (NYSE:STZ).
- The Motley Fool
Why Hexo (TSX:HEXO) Is a Better Pot Stock Than Canopy Growth (TSX:WEED)
Discover why Hexo Corp (TSX:HEXO)(NYSE:HEXO) stock gives you more upside and less risk when compared to competitors like Canopy Growth Corp (TSX:WEED)(NYSE:CGC).
- Bloomberg
Constellation Brands Jumps After Boosting Profit Forecast
(Bloomberg) -- Constellation Brands Inc. rose the most in six months after posting profit and sales last quarter that topped analysts’ estimates and raising its full year earnings forecast.Comparable earnings of $2.14 a share in the third quarter was well above the $1.84 average of estimates, amid growth from its beer brands Modelo Especial and Corona. Comparable profit for the full year will be $9.45 to $9.55 a share, up from a previous forecast for as much as $9.20.Key InsightsConstellation has been leaning heavily on its beer business, where it’s aggressively advertising the Modelo Mexican import brand to boost sales. The brewer also is creating new items under the Corona brand in the popular hard seltzer category, with a 90-calorie drink planned to launch this year.Executives said Wednesday that they are actively looking to divest more wine and spirits brands, which have lagged behind the growth at Modelo and Corona. The company has already sold parts of the unit to E. & J. Gallo Winery and said on a conference call that Gallo will buy its New Zealand wine label Nobilo, with the deal closing next fiscal year.Constellation has also been working on reshaping its portfolio by buying a stake in the world’s most valuable cannabis company, Canopy Growth Corp. and selling Ballast Point, a craft beer it bought for about $1 billion just four years ago.Since investing in Canopy, Constellation Chief Executive Officer Bill Newlands has said he’s not happy with its performance. On Wednesday, the company said it recognized a $534 million decrease in the fair value of the investment in the third quarter. In December, Canopy named Constellation executive David Klein as CEO, raising the odds that the beer maker will buy Canopy outright.Market ReactionConstellation shares rose as much as 4.3% to $191.50 in New York Wednesday, the biggest intraday gain since June. The stock gained 18% last year, trailing the S&P 500 Index.For the company release, click here.(Adds intention to divest more wine and spirits labels in second bullet point.)To contact the reporter on this story: Leslie Patton in Chicago at lpatton5@bloomberg.netTo contact the editors responsible for this story: Sally Bakewell at sbakewell1@bloomberg.net, Lisa Wolfson, Jonathan RoederFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
- Yahoo Finance Canada
Constellation Brands 'still bullish' on pot as value of Canopy stake falls
Constellation Brands reported a US$534 million decline in the value of its stake in Canopy Growth as the beer and wine giant reported fiscal third quarter results on Wednesday.
- Zacks
Constellation Brands (STZ) Beats on Q3 Earnings, Ups View
Constellation Brands' (STZ) top and bottom lines beat estimates in third-quarter fiscal 2020 on strength in the beer business and improved margins. It raises earnings and cash flow guidance.
- Zacks
Constellation Brands (STZ) Q3 Earnings and Revenues Beat Estimates
Constellation Brands (STZ) delivered earnings and revenue surprises of 16.30% and 2.29%, respectively, for the quarter ended November 2019. Do the numbers hold clues to what lies ahead for the stock?
- Reuters
Constellation raises profit forecast after beer-driven quarter
The brewer has been bolstering its beer portfolio through launches of variants such as Modelo Chelada Limon y Sal and Corona Refresca to woo consumers switching to trendier alternatives such as Boston Beer's Truly and White Claw hard seltzers from high-calorie beers and spirits. Constellation plans to add a hard seltzer to its Corona portfolio this year, looking to tap into the surging popularity of the alcoholic carbonated drink among millennials.
- ACCESSWIRE
Constellation Brands, Inc. to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / January 8, 2020 / Constellation Brands, Inc. (NYSE:STZ) will be discussing their earnings results in their 2020 Third Quarter Earnings to be held on January 8, 2020 at 10:30 ...
