|Bid||161.47 x 800|
|Ask||161.53 x 900|
|Day's Range||160.63 - 164.99|
|52 Week Range||104.28 - 208.55|
|Beta (5Y Monthly)||0.94|
|PE Ratio (TTM)||28.68|
|Earnings Date||Jan 06, 2021 - Jan 11, 2021|
|Forward Dividend & Yield||3.00 (1.81%)|
|Ex-Dividend Date||Nov 05, 2020|
|1y Target Est||209.63|
VICTOR, N.Y., Oct. 30, 2020 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it has given notice for full redemption prior to maturity of all of its outstanding Senior Floating Rate Notes due 2021 (CUSIP Number: 21036PBA5) (the "notes") to be effected on November 30, 2020 (the "redemption date"). As of October 30, 2020, there were $650.0 million in aggregate principal amount of the notes outstanding. The redemption price for the notes, payable in cash, will be equal to 100% of the principal amount of the notes, together with accrued and unpaid interest to, but excluding, the redemption date.ABOUT CONSTELLATION BRANDS Constellation Brands is an international producer and marketer of beer, wine and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Constellation is the third-largest beer company in the U.S. and a leading, higher-end wine and spirits company in the U.S. market. Constellation’s brand portfolio includes Corona Extra, Corona Light, Corona Premier, Modelo Especial, Modelo Negra, Pacifico, the Robert Mondavi brand family, Kim Crawford, Meiomi, The Prisoner brand family, SVEDKA Vodka, Casa Noble Tequila, and High West Whiskey.FORWARD-LOOKING STATEMENTS This news release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Statements which are not historical facts and relate to future plans, events or performance are forward-looking statements that are based upon management’s current expectations and are subject to risks and uncertainties. The forward-looking statements are based on management's current expectations and should not be construed in any manner as a guarantee that such events or results will in fact occur. All forward-looking statements speak only as of the date of this news release and Constellation Brands undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Detailed information regarding risk factors with respect to the company are included in the company’s filings with the SEC.MEDIA CONTACTSINVESTOR RELATIONS CONTACTS Mike McGrew 773-251-4934 / firstname.lastname@example.org Amy Martin 585-678-7141 / email@example.comPatty Yahn-Urlaub 585-678-7483 / firstname.lastname@example.org Marisa Pepelea 312-741-2316 / email@example.com A downloadable PDF copy of this news release can be found here. http://ml.globenewswire.com/Resource/Download/d4003f7a-7101-49f2-bfe9-a4308d850828
Investors had some heady expectations about Boston Beer's (NYSE: SAM) third quarter earnings report. The company's dominant presence in the retailing niche has helped it avoid the sales declines that hurt larger rivals like Anheuser Busch Inbev through the early months of the pandemic. Boston Beer's strengths also include runaway product hits from the Truly and Twisted Tea alcoholic beverage franchises.
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