The run-up in this has already happened, so consider CB. They report next week His own restaurant sells a lot of CB brands, including Modelo beer. CB's sales YOY are stellar. Beer sales are really strong, based on conversations with other restaurants. Pernod Ricard reported that people are drinking more outside the home as economies reopen. True, STZ paid too much for Canopy, but this is already baked into the stock. Legalizing weed is catching on hard in the U.S., so this is a tailwind. STZ is up only 2% for the year, but he feels there's room to run, like Pernod.
Two weeks it delivered a report beat top and bottom lines, and yet the stock dove. Analysts downgraded. Sellers were fools. STZ is the only grower in the packaged goods space. Managers are conservative--STZ would rather spend money growing their product line like a tech stock, but analysts didn't like all this spending of this cash. STZ stock pulled back and is now up $3 before that pullback, recovering faster than he expected. STZ boasts growth opportunities with a 30% increase in capacity. STZ is spending big on their beers, and bars will reopen soon. Modelo beer is doing incredibly well, with demand outstripping supply. They launched Corona Hard Seltzer is another strong seller. Pacifico beer is a hit with growing Gen Z at 30% even during Covid. STZ has a stake in Canopy Growth and cannabis is being legalized in more and more US states. He predicts Canopy to be profitable in 2022, which will benefit STZ. The market underestimates this partnership. The next time this stock dips, pounce on it.
Constellation Brands Inc is a American stock, trading under the symbol STZ-N on the New York Stock Exchange (STZ). It is usually referred to as NYSE:STZ or STZ-N
In the last year, 6 stock analysts published opinions about STZ-N. 6 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Constellation Brands Inc.
Constellation Brands Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Constellation Brands Inc.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
6 stock analysts on Stockchase covered Constellation Brands Inc In the last year. It is a trending stock that is worth watching.
On 2023-03-20, Constellation Brands Inc (STZ-N) stock closed at a price of $215.4.