Professional
Added to YB: 2024-07-23
Pitch date: 2024-07-05
STZ [bullish]
Constellation Brands, Inc.
-43.14%
current return
Author Info
No bio for this author
Company Info
Constellation Brands, Inc., together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.
Market Cap
$22.7B
Pitch Price
$250.78
Price Target
306.00 (+108%)
Dividend
3.13%
EV/EBITDA
11.05
P/E
19.08
EV/Sales
3.48
Sector
Beverages
Category
growth
Constellation Brands, Inc.: BUY on weakness
STZ: BUY, $306 PT. Q1 sales +5.8% to $2.66B, EPS $3.57 (+17.4%). Beer rev +8%, wine/spirits -7%. FY25 EPS guide $13.50-$13.80. Argus est FY25 $14.20, FY26 $15.30. Strong beer sales, margin expansion. 17.6x FY25 P/E, below peers' 21x. Risks: high debt, competition, regulation. $4.04 annual div (1.5% yield).
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