Constellation Brands
About: Constellation Brands is the largest provider of alcoholic beverages across the beer, wine, and spirits categories in the us, generating 82% of revenue from Mexican beer imports under top-selling brands such as Modelo and Corona. The rest of the business includes some remaining wine and spirits brands, categories where the company continue to prune assets in recent years. With its exclusive rights tied to the Mexican beer brands effective only in the us, the firm has little revenue exposure to international markets. Constellation owns a 26% stake in no-moat Canopy Growth, a medicinal and recreational cannabis producer in Canada, and has a 50/50 joint venture with glass manufacturer Owens-Illinois in Mexico.
Employees: 10,600
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
67% more funds holding in top 10
Funds holding in top 10: 6 [Q3] → 10 (+4) [Q4]
18% more first-time investments, than exits
New positions opened: 173 | Existing positions closed: 146
1.5% more ownership
Funds ownership: 78.6% [Q3] → 80.1% (+1.5%) [Q4]
1% more funds holding
Funds holding: 1,301 [Q3] → 1,308 (+7) [Q4]
11% less capital invested
Capital invested by funds: $36.8B [Q3] → $32.7B (-$4.06B) [Q4]
23% less repeat investments, than reductions
Existing positions increased: 412 | Existing positions reduced: 535
31% less call options, than puts
Call options by funds: $371M | Put options by funds: $540M
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
RBC Capital Nik Modi 53% 1-year accuracy 21 / 40 met price target | 25%upside $233 | Outperform Maintained | 14 Apr 2025 |
Barclays Lauren Lieberman 52% 1-year accuracy 48 / 92 met price target | 11%upside $207 | Overweight Maintained | 14 Apr 2025 |
Citigroup Filippo Falorni 45% 1-year accuracy 9 / 20 met price target | 2%upside $190 | Neutral Maintained | 11 Apr 2025 |
Goldman Sachs Bonnie Herzog 67% 1-year accuracy 2 / 3 met price target | 21%upside $225 | Buy Maintained | 11 Apr 2025 |
JP Morgan Andrea Teixeira 43% 1-year accuracy 27 / 63 met price target | 4%upside $194 | Neutral Maintained | 11 Apr 2025 |
Financial journalist opinion
Based on 256 articles about STZ published over the past 30 days









