|Bid||233.98 x 1300|
|Ask||244.00 x 800|
|Day's Range||234.18 - 236.63|
|52 Week Range||208.12 - 273.65|
|Beta (5Y Monthly)||1.02|
|PE Ratio (TTM)||27.55|
|Earnings Date||Jan 05, 2024|
|Forward Dividend & Yield||3.56 (1.52%)|
|Ex-Dividend Date||Nov 02, 2023|
|1y Target Est||293.00|
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VICTOR, N.Y., Dec. 08, 2023 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, today announced a number of new leadership appointments designed to position the company for sustained and industry-leading performance over the long term. “One of the hallmarks of our company’s success over many years has been our relentless focus on continuing to find ways to position Constellation Brands for sustained and industry-leading performance,” said Bill Newlands
TD Cowen names alcohol producer Constellation Brands (STZ) as the company with the best growth story in US beer as sales of Modelo surged in 2023. TD Cowen Managing Director and Senior Research Analyst Vivien Azer joins Yahoo Finance Live to break down the current state of beer and wine consumption in the US Azer notes the decline in beer consumption and credits “intentional abstinence” by younger age groups that appear to be shifting to cannabis consumption, an industry that has seen revenue of $26 Billion. Azer sees this trend as a "dislocation" from alcohol to cannabis, which is making a dent in the alcohol market. Speaking to M&A activity, Azer notes a "reversal" for craft beer acquisitions. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.