STZ - Constellation Brands: A Hold Amid Downturns In The Wine And Spirits Category
2024-03-10 06:46:32 ET
Summary
- Constellation Brands reported strong performance in its beer segment, offset by headwinds in Wine & Spirits.
- According to my valuation, the company is well priced, and I am initiating a Hold.
- Gross Margins have increased 2000 basis points since 2007, and the company sports some of the highest EBIT Margins in the Consumer Staples sector.