|Bid||234.59 x 900|
|Ask||234.68 x 3000|
|Day's Range||223.38 - 226.41|
|52 Week Range||204.46 - 244.75|
|Beta (5Y Monthly)||1.15|
|PE Ratio (TTM)||22.73|
|Earnings Date||Dec 01, 2021 - Dec 06, 2021|
|Forward Dividend & Yield||3.04 (1.33%)|
|Ex-Dividend Date||Nov 04, 2021|
|1y Target Est||265.64|
U.S. brewer Constellation Brands is going to install a major plant in southeastern Mexico following the cancellation of a brewery it was building on the country's northern border, two people familiar with the matter said Tuesday. Earlier, the Wall Street Journal reported the investment would be worth some $1.3 billion, and the news is a boost for the government of leftist President Andres Manuel Lopez Obrador, who has had an often combative relationship with business. The sources confirmed the newspaper's report, which would herald one of the biggest single outlays of foreign direct investment since Lopez Obrador took office three years ago.
Constellation Brands (STZ) witnesses a solid performance in the beer business and remains on track with its premiumization strategy. These bode well for the stock's growth in the days ahead.
Constellation Brands, producer of Corona beer, in 2020 was forced to close a nearly completed $1.4 billion Mexican facility after local opposition arose.