STZ News and Press, Constellation Brands Inc. From 10/06/22

VICTOR, N.Y., Oct. 06, 2022 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, reported today its second quarter fiscal 2023 financial results. A conference call to discuss the financial results and outlook will be hosted by Preside...

Constellation Brands ( NYSE: STZ ) to divest a portion of its mainstream and premium wine portfolio, including Cooper & Thief, Crafters Union, The Dreaming Tree, Monkey Bay, 7 Moons, and Charles Smith Wines to The Wine Group. This transaction is expected to close ...

VICTOR, N.Y. and SAN FRANCISCO, Oct. 06, 2022 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it has reached an agreement with The Wine Group to divest a portion of its mainstream and premium wine portfolio, ...

Summary Harris Associates’ 13F portfolio value decreased from $75.90B to $62.85B this quarter. They increased Amazon.com, Meta Platforms, and Salesforce while reducing Keurig Dr. Pepper, Humana, Regeneron Pharma, CVS Health, Constellation Brands, and General Dynamics. T...

Constellation Brands ( NYSE: STZ ) is scheduled to announce Q2 earnings results on Thursday, October 6th, before market open. The consensus EPS Estimate is $2.81 (+18.1% Y/Y) and the consensus Revenue Estimate is $2.51B (+5.9% Y/Y). Over the last 2 years, STZ has bea...

Summary The Consumer Staples sector's valuation has jumped to next-to-highest in the S&P 500 as investors flock to blue-chip stocks. One major Beverage-industry player reports quarterly results later this week, and solid earnings growth is expected. Constellation Brands' v...

Evercore ISI is still bullish on Constellation Brands ( NYSE: STZ ) despite concerns in the beverage industry over consumer spending trends. The firm sees ample runway for the Modelo and Pacifico brands. In particular, the Pacifico brand is tipped to be the third major natio...

Summary Jeremy Grantham’s 13F portfolio value decreased from $20.73B to $18.46B this quarter. GMO Capital increased Meta Platforms, Salesforce, Inc., Taiwan Semi, and Amazon.com while reducing UnitedHealth, Coca-Cola, Elevance Health, and Cisco Systems. The largest thre...

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Summary Vintage Wine Estates may be small compared to other peers, but the company is growing nicely. This includes growth on both the top and bottom lines, with cash flows showing evidence of improving. Shares aren't cheap, but they are affordable compared to some other playe...