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STZ $227.63

STZ target price
227.63
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310
Constellation Brands, Inc.
Type
Public
Traded as NYSE: STZ
S&P 500 Component
Industry Beverages
Predecessor Canandaigua Brands Inc
Founded 1945 (1945)
Founder Marvin L. Sands
Headquarters Victor, New York, United States
Number of locations
United States, Mexico, New Zealand, Italy, Canada
Key people
Richard Sands
(Chairman)
Robert Sands
(President and CEO)
Products Wine, beer, and spirits
Revenue Increase US$7.33 billion (2017)
Operating income
Increase US$2.40 billion (2017)
Net income
Increase US$1.54 billion (2017)
Total assets Increase US$18.60 billion (2017)
Total equity Increase US$6.88 billion (2017)
Number of employees
Increase 9,000 (2017)
Divisions Beer Division, Wine & Spirits Division
Website www.cbrands.com

Constellation Brands, Inc., a Fortune 500 company, is an international producer and marketer of beer, wine and spirits. Constellation is the largest beer import company measured by sales, and has the third-largest market share (7.4 percent) of all major beer suppliers.

Based in Victor, New York, Constellation has about 40 facilities and approximately 9,000 employees. The company has more than 100 brands in its portfolio. Wine brands include Robert Mondavi, Wild Horse Winery, Clos du Bois, Franciscan Estates, Kim Crawford, Meiomi, Mark West, Ruffino, and The Prisoner. Constellation's beer portfolio includes imported brands such as Corona, Modelo Especial, Negra Modelo, Pacífico, as well as Ballast Point and Funky Buddha. Spirits brands include Black Velvet Canadian Whisky, Svedka Vodka, Casa Noble Tequila and High West Whiskey.

The company was established in 1945 by Marvin Sands in the Finger Lakes region of New York as Canandaigua Industries, selling bulk wine to bottlers in the eastern United States. In its first year, the company sold approximately 200,000 gallons of wine and had gross sales of $150,000.

The company was incorporated as Canandaigua Wine Company, Inc. in 1972 and went public in 1973. Marvin's son Richard Sands became president in 1993 and CEO in 1996. In 1999, company founder Marvin Sands died following a brief illness.

In 2000, the company changed its name to Constellation Brands, Inc. to reflect the scope of the company and its range of brands. In 2007, Rob Sands was named president and CEO.

In 2013, Constellation acquired Grupo Modelo's U.S. beer business from Anheuser-Busch InBev. The transaction included full ownership of Crown Imports LLC which provided Constellation with complete, independent control of all aspects of the U.S. commercial business; a brewery in Nava, Mexico; exclusive perpetual brand license in the U.S. to import, market and sell Corona and the Modelo brands and the freedom to develop brand extensions and innovations for the U.S. market.

In 2014, Constellation finalized a joint venture with Owens-Illinois and completed the acquisition of Anheuser-Busch InBev's glass production plant, located adjacent to the company's brewery in Nava, Mexico.

On October 30th 2017, Constellation agreed to pay about C$245 million ($191 million) for a 9.9% stake in Canopy Growth Corporation, a Canadian seller of medicinal-marijuana products. At the time of the agreement, Constellation became the first Fortune 500 company and the first major alcoholic beverage maker to take a minority stake in a marijuana business.

In 2010, a French court in Carcassonne, France, convicted 12 wine traders and producers for selling fake Pinot noir wine to buyers in the US, amongst them Constellation, in a scheme that lasted from January 2006 to March 2008. Constellation later faced and settled a class action lawsuit because it "should have known" that the wine was fake.

Constellation Brands has expanded by acquiring other drinks companies.

In 1987, the company purchased the Manischewitz winery in Canandaigua, New York, and continues to license the Manischewitz name from R.A.B. Foods.

In 1998 it acquired Matthew Clark plc in the United Kingdom, and after selling off its cider business, the Gaymer Cider Company, sold half of the business to Punch Taverns. Acquisitions include BRL Hardy (Australia) and Nobilo (New Zealand) in 2003; Robert Mondavi Corp. for $1 billion in 2004; Vincor International, Canada's largest wine company, for $1.44 billion in 2006; Spirits Marque One (owner of Svedka Vodka) in 2007; and Beam Wines Estates, the wine operations of Fortune Brands (which included several major brands such as Clos du Bois) for $885 million in 2008. The company later moved to a more premium wine portfolio, divesting Almaden Vineyards, Inglenook Winery, and the Paul Masson winery in Madera, California, in 2008, and its value spirits portfolio to the Sazerac Company in 2009.

In June 2013 the company, which formerly imported Corona and other Modelo brands to the United States, acquired the US rights to those brands as a part of an anti-trust settlement permitting Modelo's acquisition by Anheuser-Busch InBev, along with a brewery in Piedras Negras, Mexico. It now produces its own versions of those products for the US, with Modelo serving all other countries.

In December 2015, Constellation announced the $1 billion acquisition of Ballast Point Brewing of San Diego.

In August 2017, Constellation announced the acquisition of Funky Buddha Brewery of Oakland Park, Florida.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q2 2023 2022-10-05 Future report Set alerts
Q1 2023 2022-06-30 2.66 2.66
Q4 2022 2022-04-07 2.37 2.37
Q3 2022 2022-01-06 3.12 3.12
Q2 2022 2021-10-06 2.38 2.38
Q1 2022 2021-06-30 2.33 2.33
Q4 2021 2021-04-08 1.82 1.82
Q3 2021 2021-01-07 3.09 3.09
Q2 2021 2020-10-01 2.76 2.76
Q1 2021 2020-07-01 2.30 2.30

Ratings

2016-07-06 Reiterated Rating Wells Fargo & Co. Outperform $185.00
2016-06-30 Reiterated Rating Wells Fargo Buy
2016-06-30 Reiterated Rating Wells Fargo & Co. Buy
2016-06-28 Reiterated Rating Susquehanna Hold $155.00
2016-06-22 Reiterated Rating RBC Capital Outperform $181.00
2016-06-22 Reiterated Rating Royal Bank Of Canada Outperform $181.00
2016-06-03 Reiterated Rating SunTrust Buy $180.00
2016-06-03 Reiterated Rating SunTrust Banks Inc. Buy $180.00
2016-04-13 Reiterated Rating RBC Capital Buy
2016-04-11 Reiterated Rating Citigroup Inc. Hold $162.00 to $168.00
2016-04-10 Reiterated Rating SunTrust Buy $170.00 to $180.00
2016-04-07 Boost Price Target JPMorgan Chase & Co. Neutral $162.00 to $175.00
2016-04-07 Boost Price Target Societe Generale Hold $165.00 to $180.00
2016-04-07 Reiterated Rating Stifel Nicolaus Buy $174.00 to $189.00
2016-04-07 Boost Price Target Barclays Overweight $160.00 to $170.00
2016-04-07 Reiterated Rating Goldman Sachs Buy $170.00 to $180.00
2016-04-07 Boost Price Target Barclays PLC Overweight $160.00 to $170.00
2016-04-07 Reiterated Rating Goldman Sachs Group Inc. Buy $170.00 to $180.00
2016-04-06 Boost Price Target Pivotal Research Buy $185.00 to $200.00
2016-04-05 Initiated Coverage Wells Fargo Outperform
2016-03-30 Boost Price Target Goldman Sachs $166.00 to $170.00
2016-03-28 Reiterated Rating Morgan Stanley Overweight $173.00
2016-03-14 Upgrade SunTrust Neutral to Buy $170.00
2016-02-29 Reiterated Rating Morgan Stanley Overweight $173.00
2016-01-27 Reiterated Rating Susquehanna Neutral to Hold
2016-01-17 Reiterated Rating Susquehanna Hold $160.00
2016-01-11 Boost Price Target Argus Buy $166.00 to $172.00
2016-01-08 Boost Price Target Stifel Nicolaus Buy $162.00 to $174.00
2016-01-07 Boost Price Target Pivotal Research Buy $150.00 to $185.00
2015-12-17 Initiated Coverage Barclays Overweight $155.00
2015-12-16 Boost Price Target RBC Capital Outperform $148.00 to $165.00
2015-12-13 Reiterated Rating Cowen and Company Outperform $170.00
2015-12-11 Boost Price Target Stifel Nicolaus Buy $153.00 to $162.00
2015-12-07 Boost Price Target Argus Buy $154.00 to $166.00
2015-11-23 Upgrade Cowen and Company Market Perform to Outperform $135.00 to $170.00
2015-10-08 Reiterated Rating Cowen and Company Hold $132.00 to $135.00
2015-10-08 Boost Price Target Argus Buy $144.00 to $154.00
2015-10-08 Boost Price Target Nomura Neutral $135.00
2015-10-08 Boost Price Target JPMorgan Chase & Co. Neutral $130.00 to $145.00
2015-10-08 Boost Price Target CLSA Outperform $147.00 to $156.00
2015-10-08 Reiterated Rating Citigroup Inc. Neutral $136.00
2015-10-08 Boost Price Target RBC Capital Outperform $145.00 to $148.00
2015-10-08 Boost Price Target Credit Agricole Outperform $147.00 to $156.00
2015-10-08 Boost Price Target Nomura Holdings Inc. Neutral $135.00
2015-10-08 Boost Price Target Credit Agricole SA Outperform $147.00 to $156.00
2015-10-07 Reiterated Rating Susquehanna Hold $115.00
2015-10-02 Boost Price Target Argus Buy $140.00 to $144.00
2015-09-29 Reiterated Rating Susquehanna Neutral $115.00
2015-09-28 Boost Price Target Societe Generale $120.00 to $130.00
2015-09-17 Initiated Coverage Nomura Neutral $130.00
2015-09-08 Downgrade RBC Capital Top Pick to Outperform $130.00 to $145.00
2015-09-01 Upgrade Credit Agricole Underperform to Outperform
2015-09-01 Upgrade CLSA Underperform to Outperform
2015-08-27 Boost Price Target Stifel Nicolaus Buy $145.00 to $153.00
2015-07-03 Boost Price Target Scotiabank Strong-Buy $137.00 to $139.00
2015-07-02 Boost Price Target Cowen and Company $130.00 to $132.00
2015-07-02 Lower Price Target Stifel Nicolaus Buy $149.00 to $145.00
2015-06-24 Boost Price Target Susquehanna Neutral $111.00 to $115.00
2015-06-08 Boost Price Target Stifel Nicolaus Buy $142.00 to $149.00
2015-04-21 Downgrade SunTrust Buy to Neutral $135.00 to $125.00
2015-04-13 Initiated Coverage Susquehanna Neutral $111.00
2015-04-13 Boost Price Target Argus Buy $125.00 to $140.00
2015-04-10 Boost Price Target Stifel Nicolaus Buy $135.00 to $142.00
2015-01-15 Initiated Coverage Argus Buy $125.00
2015-01-13 Upgrade Societe Generale Sell to Hold
2015-01-12 Boost Price Target Citigroup Inc. Neutral $100.00 to $118.00
2015-01-09 Downgrade Credit Agricole Outperform to Underperform
2015-01-09 Boost Price Target Credit Suisse Neutral $90.00 to $110.00
2015-01-09 Boost Price Target Stifel Nicolaus Buy $111.00 to $135.00
2015-01-09 Boost Price Target Credit Suisse Group AG Neutral $90.00 to $110.00
2015-01-06 Upgrade Goldman Sachs Neutral to Buy $97.00 to $117.00
2015-01-05 Upgrade RBC Capital Outperform to Top Pick
2014-12-22 Reiterated Rating Morgan Stanley Overweight $110.00
2014-12-12 Reiterated Rating Bank of America Buy $97.00 to $104.00
2014-12-12 Reiterated Rating Bank of America Corp. Buy $97.00 to $104.00
2014-12-04 Reiterated Stifel Buy $98 to $111
2014-12-04 Boost Price Target Stifel Nicolaus Buy $98.00 to $111.00
2014-10-20 Initiated Coverage JPMorgan Chase & Co. Buy $110.00
2014-10-20 Initiated Coverage Pivotal Research Buy $110.00
2014-10-03 Reiterated Rating JPMorgan Chase & Co. Neutral $113.00 to $100.00
2014-10-03 Lower Price Target Stifel Nicolaus Buy $113.00 to $98.00
2014-09-15 Initiated Coverage Cowen and Company Market Perform $88.00
2014-09-05 Downgrade RBC Capital Outperform to Underperform
2014-08-14 Initiated Coverage Credit Suisse Neutral $90.00
2014-07-03 Reiterated Rating JPMorgan Chase & Co. Neutral $82.00 to $95.00
2014-07-03 Reiterated Rating Citigroup Inc. Neutral $93.00 to $100.00
2014-07-03 Boost Price Target Stifel Nicolaus Buy $90.00 to $113.00
2014-07-03 Boost Price Target RBC Capital Outperform $100.00 to $102.00
2014-07-03 Boost Price Target Societe Generale Sell $77.00 to $85.00
2014-05-29 Reiterated Rating Citigroup Inc. Hold $90.00 to $93.00
2014-04-11 Boost Price Target Citigroup Inc. Neutral $80.00 to $90.00
2014-04-01 Boost Price Target Stifel Nicolaus Buy $85.00 to $90.00
2014-03-31 Reiterated RBC Capital Mkts Outperform $86 to $100
2014-03-31 Boost Price Target RBC Capital Outperform $86.00 to $100.00
2014-03-17 Downgrade Goldman Sachs Buy to Neutral $84.00 to $88.00
2014-02-13 Initiated Coverage Citigroup Inc. Neutral
2014-01-31 Downgrade HSBC Neutral to Underweight
2014-01-30 Initiated Coverage Societe Generale Sell
2013-11-25 Initiated Coverage RBC Capital Outperform $86.00
2013-10-04 Reiterated Stifel Buy $64 to $69
2013-10-04 Boost Price Target JPMorgan Chase & Co. Neutral $53.00 to $66.00
2013-10-04 Boost Price Target DA Davidson Buy $70.00 to $78.00
2013-10-04 Reiterated Rating Goldman Sachs Buy $70.00 to $65.00
2013-10-04 Boost Price Target Stifel Nicolaus Buy $64.00 to $69.00
2012-10-08 Upgrade HSBC Securities Underweight to Neutral
2012-07-02 Reiterated Canaccord Genuity Buy $28 to $30
2011-04-08 Reiterated UBS Buy $23 to $25
2010-11-12 Downgrade Standpoint Research Buy to Hold
2016-07-06 Reiterated Rating Wells Fargo & Co. Outperform $185.00
2016-06-30 Reiterated Rating Wells Fargo Buy
2016-06-30 Reiterated Rating Wells Fargo & Co. Buy
2016-06-28 Reiterated Rating Susquehanna Hold $155.00
2016-06-22 Reiterated Rating RBC Capital Outperform $181.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
SANDS RICHARD Chairman of the Board 3.32%  (5620092) STZ /
WildStar Partners LLC 1.10%  (1852994) STZ /
A&Z 2015 BUSINESS HOLDINGS LP 0.70%  (1190908) STZ /
SANDS ROBERT President & CEO 0.36%  (601060) STZ /
RSS 2015 BUSINESS HOLDINGS LP 0.15%  (250000) STZ /
BENNETT ABIGAIL J 0.11%  (183432) STZ /
STERN ZACHARY M 0.11%  (183432) STZ /
Wright John A EVP & COO 0.06%  (107280) STZ /
RYDER ROBERT P Executive VP & CFO 0.05%  (89381) CMFN / STZ /
HETTERICH F PAUL Executive VP 0.04%  (61596) STZ /
MULLIN THOMAS J Exec. VP & Gen. Counsel 0.03%  (54697) STZ /
Hackett William F. Exec VP & Pres., Crown Imports 0.03%  (50071) STZ /
Klein David Eric Exec Vice Pres. & CFO 0.03%  (43824) DSS / STZ /
LOCKE JAMES A III 0.02%  (38556) STZ /
Stenzel Christopher Exec Vice President 0.02%  (36185) STZ /
WILSON W KEITH Exec VP & Chief HR/Admin Ofcr 0.02%  (26760) STZ /
Zupan Mark 0.01%  (21407) STZ /
FROMBERG BARRY A 0.01%  (19296) STZ /
FOWDEN JEREMY S G 0.01%  (16973) COT / STZ /
HAUSWALD JEANANNE K 0.01%  (16808) STZ /
SMITH PAUL L 0.01%  (14487) STZ /
Newlands William A EVP & Chief Growth Officer 0.01%  (13163) BEAM / STZ /
Kane Thomas Michael Executive VP, Chief HR Officer 0.01%  (12918) STZ /