My primary investments in the past year have been in the beverage and alcohol sector, including Diageo, LVMH, Carlsberg, and Heineken. Despite the sector's current slump due to duties, taxes, and geopolitical instability, I believe these companies are undervalued with significant upside potential. I hold a different view from the market, seeing superb valuations and underestimated upside in these companies.
Constellation Brands reshapes its wine and spirits portfolio. The company agrees to divest its SVEDKA brand.
Constellation Brands, Inc. (NYSE:STZ ) Morgan Stanley Global Consumer & Retail Conference December 3, 2024 2:15 PM ET Company Participants Garth Hankinson - CFO Conference Call Participants Dara Mohsenian - Morgan Stanley Dara Mohsenian Please see the Morgan Stanley research website at www.morganstanley.com for research disclosures. And if you have any questions, you can reach out to your Morgan Stanley representative.
Constellation Brands will sell Svedka vodka to Sazerac. The deal is expected to close in the coming months, but no transaction details were disclosed.
Constellation Brands said on Tuesday it would sell its Svedka vodka to New Orleans-based Sazerac, as the Corona beer maker looks to focus on its premium wine and spirits business.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
If the beer distributor raises prices because of new tariffs, brands like Corona and Modelo might become less attractive than U.S. brands like Bud Light.
Constellation Brands' stock fell after President-elect Donald Trump announced plans to place a 25% tariff on Mexican imports. The brewer manufactures all of its beers, which represent 86% of its sales, in Mexico.
Constellation Brands utilizes its premiumization strategy and strong beer portfolio to drive growth while addressing challenges in its wine and spirits segment.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Hispanic- and Latino-identifying consumers accounted for 32.5% of Constellation Brands' sales in 2023, data from Numerator and Jefferies shows. Continued loyalty from these shoppers is partly responsible for Modelo hanging onto its spot as the most-bought U.S. beer by dollar share.