STZ - Constellation Brands, Inc.

NYSE - NYSE Delayed price. Currency in USD
185.86
+4.90 (+2.71%)
At close: 4:04PM EST

186.28 +0.42 (0.23%)
After hours: 6:06PM EST

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Previous close180.96
Open182.02
Bid185.83 x 900
Ask187.65 x 900
Day's range181.84 - 186.04
52-week range150.37 - 214.48
Volume1,818,425
Avg. volume1,105,109
Market cap36.571B
Beta (3Y monthly)0.67
PE ratio (TTM)46.55
EPS (TTM)3.99
Earnings date7 Jan 2020 - 13 Jan 2020
Forward dividend & yield3.00 (1.66%)
Ex-dividend date2019-11-07
1y target est226.90
  • Fat Tire Brewer New Belgium Bought by Kirin in Latest Craft Deal
    Bloomberg

    Fat Tire Brewer New Belgium Bought by Kirin in Latest Craft Deal

    (Bloomberg) -- New Belgium Brewing, one of the world’s largest independent breweries, agreed to be acquired by a unit of Japan’s Kirin Holdings Co., the latest craft beer maker to be snapped up in an increasingly competitive market.Lion Little World Beverages, a craft beer division of Kirin-owned Lion, will acquire the Colorado-based brewery in an all-cash deal, giving the Japanese company bigger exposure to the U.S. market. The price wasn’t disclosed.New Belgium, known for its Fat Tire Amber Ale, is the fourth-largest independent beermaker in the U.S. and the 11th largest brewer overall, according to 2018 data from the Brewers Association. The brewery is owned by its more than 700 employees and has distribution in all 50 U.S. states.The brewery is among the most iconic in the country, and was one the firms at the forefront of the scene as craft beer went from basement hobby to serious business. A team of then-husband-and-wife Jeff Lebesch and Kim Jordan founded the brewery in 1991, seeking to expose American consumers to the varied tastes of Belgian beers experienced during a bike trip through the country.But while there were only around 300 breweries in the U.S. at that time, the number of beermakers has surged in the past three decades, with almost 7,500 operating in the U.S. as of 2018. The now-mature customer base has rapidly changing tastes and a penchant for new fads.That has left some industry veterans flat-footed and in need of deep-pocketed partners in the crowded market -- as evidenced by Anheuser-Busch InBev’s deal to buy out Portland-based Craft Brew Alliance last week, or Samuel Adams maker Boston Beer Co.’s purchase of Dogfish Head earlier this year, in a deal valued at around $300 million.‘Proudly Independent’While New Belgium’s logo declares itself “independent, employee owned” and its website until recently carried a message that it has “never sold out to a bigger company,” the brewery had previously been exploring a sale.Kirin declined to disclose the value of the deal, but an acquisition of this scale would be significant. Reuters reported in 2015 that New Belgium was exploring a sale at a valuation of more than $1 billion, the same price Constellation Brands Inc. paid for San Diego-based Ballast Point Brewing & Spirits that same year. Forbes reported Lion would spend $350 million-$400 million on the deal, citing people it didn’t identify.“As we surveyed the landscape over the last several years, we found that options to raise capital while being an independent brewer weren’t realistic for us,” co-founder Jordan wrote in a letter posted on New Belgium’s website. “Some of the most widely used options by craft brewers were going to compromise a lot about what makes New Belgium great; environmental sustainability, and a rich internal culture.”New Belgium, whose other brands include Voodoo Ranger IPA and La Folie Sour Brown Ale, has a “B-Corporation” certification, which is issued by a nonprofit organization to companies that meet high standards on social and environmental performance, accountability and transparency. Lion Little World Beverages said it is committed to protecting New Belgium’s identity and culture.Brooklyn, AnchorJapan’s brewing giants have become notably active buyers of overseas craft breweries as beer sales in their domestic market continue to slide. Kirin has been the most acquisitive, buying a 25% stake in Brooklyn Brewery in 2016, and acquiring London-based Fourpure Brewing Co. in 2018.Kirin Chief Executive Officer Yoshinori Isozaki said in February that it has a 300 billion yen ($2.8 billion) budget for acquisitions over the next three years, and with large M&A opportunities largely “exhausted” that it was focusing on craft beer deals in America and Europe.Domestic rival Sapporo Holdings Ltd. in 2017 bought Anchor Brewing Co., a century-old San Francisco brewer that helped pioneer the craft-beer movement. Asahi Group Holdings Ltd., meanwhile, has focused on larger international deals, most recently spending around $11 billion to purchase Australia’s largest brewer from AB InBev.To contact the reporter on this story: Gearoid Reidy in Tokyo at greidy1@bloomberg.netTo contact the editors responsible for this story: Gearoid Reidy at greidy1@bloomberg.net, Jeff SutherlandFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Constellation Brands (STZ) Stock Sinks As Market Gains: What You Should Know
    Zacks

    Constellation Brands (STZ) Stock Sinks As Market Gains: What You Should Know

    In the latest trading session, Constellation Brands (STZ) closed at $182.82, marking a -0.65% move from the previous day.

  • Canopy Growth's Drake Deal Eases Pullback as Q2 Earnings Near
    Zacks

    Canopy Growth's Drake Deal Eases Pullback as Q2 Earnings Near

    Canopy Growth (CGC) is set to report its second quarter results before the market opens on Thursday, November 14.

  • Buy Cronos (CRON) Stock Ahead of Earnings as Bet on Marijuana Comeback?
    Zacks

    Buy Cronos (CRON) Stock Ahead of Earnings as Bet on Marijuana Comeback?

    Should investors think about buying some shares of Cronos (CRON) ahead of earnings, as a bet on a marijuana market comeback?

  • Constellation Brands (STZ) Down 2% Since Last Earnings Report: Can It Rebound?
    Zacks

    Constellation Brands (STZ) Down 2% Since Last Earnings Report: Can It Rebound?

    Constellation Brands (STZ) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Boston Beer's hard seltzer Truly is about to pummel White Claw: analyst
    Yahoo Finance

    Boston Beer's hard seltzer Truly is about to pummel White Claw: analyst

    Step aside, White Claw, a reborn Truly is coming for your sales.

  • Would Constellation Brands, Inc. (NYSE:STZ) Be Valuable To Income Investors?
    Simply Wall St.

    Would Constellation Brands, Inc. (NYSE:STZ) Be Valuable To Income Investors?

    Could Constellation Brands, Inc. (NYSE:STZ) be an attractive dividend share to own for the long haul? Investors are...

  • Cannabis Sector: Piper Jaffray Favors Canopy and Cronos
    Market Realist

    Cannabis Sector: Piper Jaffray Favors Canopy and Cronos

    Piper Jaffray analyst Michael Lavery thinks that Canopy Growth and Cronos Group have good positions in the industry. They have strong cash positions.

  • GlobeNewswire

    Modelo Partners with Anderson .Paak and iHeartMedia for Concerts Benefitting Refugees, Immigrants and Americans In Need

    Modelo, the beer brewed with The Fighting Spirit™, proudly announces it has teamed up with Anderson .Paak for the Modelo Fighting Chance Concert Series, an iHeartRadio production. Together, along with music fans, they are raising money for the International Rescue Committee (IRC) to help refugees, immigrants and Americans in need achieve their full potential. Modelo and iHeartMedia will give four lucky fans an opportunity to win VIP trips to New York to see Anderson .Paak in concert at Brooklyn Steel on November 17.

  • Will Coca-Cola's Product Expansion Stimulate Growth in the Remainder of Fiscal 2019?
    Zacks

    Will Coca-Cola's Product Expansion Stimulate Growth in the Remainder of Fiscal 2019?

    Coca-Cola (KO) is set to report their third quarter results before the opening bell on Friday, October 18th.

  • Cannabis Scandal Radar: Is Tilray Next?
    Market Realist

    Cannabis Scandal Radar: Is Tilray Next?

    Scandals have engulfed the sector many times, especially for CannTrust, Curaleaf, and Hexo. Could Tilray be next on the cannabis scandal radar?

  • Canopy Growth: Constellation’s Presence Can’t Be Ignored!
    Market Realist

    Canopy Growth: Constellation’s Presence Can’t Be Ignored!

    On Thursday, Canopy Growth announced that Constellation’s CFO David Klein will be the new chairman of its board effective immediately.

  • Know the Molson Coors (TAP) Stock In and Out Before You Invest
    Zacks

    Know the Molson Coors (TAP) Stock In and Out Before You Invest

    Molson Coors (TAP) gains from the solid brand portfolio and premiumization efforts as well as cost-saving initiatives and innovations. But soft beer demand and higher input costs remain deterrents.

  • Canopy Growth: Good Investment for Constellation Brands?
    Market Realist

    Canopy Growth: Good Investment for Constellation Brands?

    Despite the losses, Constellation Brands still has an optimistic outlook for Canopy Growth. The company is happy with Canopy Growth’s progress.

  • Zacks

    Jobs Report Brings 1.4% Gains to End a Crazy Week

    Jobs Report Brings 1.4% Gains to End a Crazy Week

  • GlobeNewswire

    Constellation Brands to Live Stream Wine and Spirits Investor Presentation on October 8, 2019

    VICTOR, N.Y., Oct. 04, 2019 -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that Robert Hanson, president, wine and.

  • Company News For Oct 4, 2019
    Zacks

    Company News For Oct 4, 2019

    Companies in the news are: STZ, BBBY, PEP, CBIO

  • GlobeNewswire

    Constellation Brands Promotes Mallika Monteiro to Executive Vice President and Chief Growth & Strategy Officer

    Constellation Brands, Inc. (NYSE:STZ and STZ.B), a leading beverage alcohol company, today announced that Mallika Monteiro has been promoted to Executive Vice President and Chief Growth & Strategy Officer. As part of her expanded responsibilities, Monteiro will be responsible for consumer and category insights, innovation and new product development across beer, wine and spirits, as well as the company’s strategy development and business transformation functions. Monteiro will also serve as a member of Constellation’s Executive Management Committee.

  • Constellation Shares Tumble as Cannabis Investment Hinders Q2 Earnings
    Zacks

    Constellation Shares Tumble as Cannabis Investment Hinders Q2 Earnings

    Constellation Brands (STZ) released Q2 earnings before the opening bell.

  • Cannabis Roundup: STZ, CURLF, MMNFF, and ACB
    Market Realist

    Cannabis Roundup: STZ, CURLF, MMNFF, and ACB

    Today, the US markets were trading in the green on the expectation of rate cuts. The cannabis ETFs and the majority of cannabis stocks were also up today.

  • More U.S. Tariffs, October Economic Worries and a New Strong Buy Stock - Free Lunch
    Zacks

    More U.S. Tariffs, October Economic Worries and a New Strong Buy Stock - Free Lunch

    Another round of worrisome U.S. economic data, this time from the services sector. President Trump and the U.S. are set to roll out new tariffs on the EU. A look at PepsiCo (PEP) and others. And why Crocs is a Zacks Rank 1 (Strong Buy) stock.

  • Zacks

    Constellation Brands (STZ) Beats on Q2 Earnings, Updates View

    Constellation Brands (STZ) posts robust second-quarter fiscal 2020 results. Further, it revises earnings view for the fiscal year.

  • PepsiCo not yet ready to get into surging cannabis beverage market: CFO
    Yahoo Finance

    PepsiCo not yet ready to get into surging cannabis beverage market: CFO

    PepsiCo continues to evaluate cannabis-infused drinks, says the company's chief financial officer.

  • Constellation weighed down by Canopy, Weak quarter at Bed Bath & Beyond, Uber launches marketplace for temps
    Yahoo Finance

    Constellation weighed down by Canopy, Weak quarter at Bed Bath & Beyond, Uber launches marketplace for temps

    Constellation Brands, Bed Bath and Beyond, Uber, Apple and GoPro are the companies to watch.