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 ...

Core Insights - Constellation Brands is focusing on premiumization by shedding low-end brands for higher-margin premium brands, which is yielding positive results in its beer portfolio while the wine and spirits segment is still stabilizing [1][2]. Group 1: Financial Performance - In the second quarter of fiscal 2025, Constellation Brands reported EPS of $4.32, exceeding consensus estimates by $0.24, while revenues increased by 3% year-over-year to $2.92 billion, falling short of the $2.95 billion consensus [27]. - The beer segment generated $2.53 billion in net sales with an operating income of $1.08 billion, achieving an operating margin of 42.6%, up 270 basis points due to cost savings and volume growth [4]. - The wine and spirits segment saw a 12% year-over-year decline in net sales, generating $388.7 million in net sales with a $70.5 million net loss, and is expected to continue declining at a rate of 4% to 6% year-over-year [5][28]. Group 2: Market Position and Strategy - Constellation Brands maintains a strong competitive position with a well-known portfolio of brands, particularly in the beer segment, which achieved a 6% year-over-year increase in net sales and a 4.6% increase in shipment volume [3][2]. - The company expects to invest approximately $3 billion in capital expenditures from fiscal 2025 to fiscal 2028 to enhance its facilities in Mexico [27]. Group 3: Stock Performance and Analyst Ratings - The current stock price is $243.07, with a price target of $292.38, indicating a potential upside of 20.28% based on 16 analyst ratings [6][27]. - Analysts have given the stock a "Moderate Buy" rating, with 14 Buy ratings and 2 Hold ratings, while the average consensus price target is $295.75 [32][34].

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 ...

Last week, Constellation Brands Inc. STZ reported second-quarter adjusted earnings per share of $4.32, beating the analyst consensus of $4.08. Quarterly revenues of $2.92 billion beat the street view of $2.90 billion. The company reported a loss per share of $6.59, including a $2.25 billion non-cash goodwill impairment loss for the Wine and Spirits business. BofA Securities downgraded Constellation Brands, reflecting lowered calendar year 2025 estimates amid slower beer volume growth. The analyst writes, "W ...

Constellation Brands Inc (STZ, Financial), a leading beverage alcohol company, filed its 10-Q report on October 3, 2024, revealing a mixed financial performance. The company reported net sales of $5,580.7 million for the six months ended August 31, 2024, a modest increase from the previous year's $5,351.7 million. However, STZ faced a significant goodwill impairment of $2,250.0 million in its Wine and Spirits segment, reflecting the challenges within this market. Despite this, STZ's strong brand portfolio, ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...