Welcome to our dedicated page for Constellation Brands news (Ticker: STZ), a resource for investors and traders seeking the latest updates and insights on Constellation Brands stock.
Constellation Brands, Inc. (NYSE: STZ) is a leading international producer and marketer of beer, wine, and spirits with a remarkable presence in the U.S., Canada, Mexico, New Zealand, and Italy. The company is recognized as the third-largest producer and marketer of beer in the U.S. market and the global leader in premium wine. Their extensive portfolio includes renowned brands such as Corona Extra, Modelo Especial, Robert Mondavi, and SVEDKA Vodka.
Headquartered in Victor, NY, Constellation Brands is committed to building brands that people love, focusing on quality and consumer satisfaction. They generate approximately 80% of their revenue from Mexican beer imports, making them a significant player in this segment. In addition to their prowess in beer, Constellation continues to innovate within the wine and spirits categories, enhancing their offerings with select premium brands.
Financially, Constellation Brands has shown impressive growth and profitability, bolstered by strategic partnerships and acquisitions. They own a 36% stake in Canopy Growth, a Canadian cannabis company, and have a joint venture with glass manufacturer Owens-Illinois. These strategic moves have positioned the company for continued growth and market leadership.
Constellation Brands is also dedicated to sustainability and ESG (Environmental, Social, and Governance) goals. Recently, they released their 2023 ESG Impact Report, highlighting achievements such as restoring over 1.1 billion gallons of water withdrawals, with a new target to restore 5 billion gallons by FY2025. They are also advancing their environmental stewardship with goals for zero waste certification and circular packaging by FY2025.
The company’s social initiatives include a $200 million investment in female- and minority-founded businesses within the beverage alcohol industry. They have formed impactful partnerships with organizations like Dress for Success and UnidosUS to support underserved communities.
Constellation Brands continues to enhance governance practices, including transitioning to a single class of common stock and refreshing their Board. These initiatives reflect their commitment to creating long-term value for shareholders while adhering to the highest standards of corporate governance.
For more detailed updates and financial results, please visit their official website and follow them on social media platforms like X, Instagram, and LinkedIn.
Constellation Brands (NYSE: STZ and STZ.B) announced a $10 million investment in the Clear Vision Impact Fund, aimed at supporting minority-owned businesses, particularly those serving African American and Latinx communities. This commitment is part of a broader goal to invest $100 million in minority enterprises by 2030, reflecting the company's dedication to fostering financial equity. CEO Bill Newlands emphasized the need to dismantle systemic barriers for minority entrepreneurs, while Chief Diversity Officer Michael McGrew noted the importance of providing access to capital for disadvantaged communities.
Constellation Brands (NYSE: STZ, STZ.B) announced it will disclose its financial results for the full fiscal year and fourth quarter ended February 28, 2021, on April 8, 2021, prior to market opening. The conference call led by CEO Bill Newlands and CFO Garth Hankinson is scheduled for 11:30 a.m. EDT the same day. Investors can access the call via phone or listen online through the company's website. Constellation Brands continues to be a leading producer of beer, wine, and spirits internationally.
Constellation Brands (NYSE: STZ, STZ-B) announced executive changes effective March 1, 2021. Jim Sabia has been appointed as Managing Director of the Beer Division, previously serving as Chief Marketing Officer. Mallika Monteiro expands her role to Chief Growth, Strategy, and Digital Officer, overseeing media and digital marketing initiatives. These leadership moves aim to bolster the company's growth strategy and enhance operational capabilities, reflecting Constellation's commitment to innovation and market responsiveness.
Constellation Brands (NYSE: STZ) has received an unsolicited mini-tender offer from TRC Capital Investment Corporation for up to 500,000 shares of its Class A common stock at $210.00 per share, representing a 5% discount from the market price of $219.99 on January 15, 2021. Constellation disassociates itself from TRC and advises stockholders against tendering shares, cautioning them about the offer's below-market price. TRC has a history of similar offers, which typically provide less investor protection than standard tender offers, raising concerns over potential investor risks.
Constellation Brands (NYSE: STZ and STZ.B) has successfully completed the sale of its Paul Masson Grande Amber Brandy brand to Sazerac for approximately $265 million. This transaction aims to streamline operations and enhance revenue growth by focusing on premium brands that align with consumer trends. This follows recent divestitures, including partnerships with E. & J. Gallo Winery and Vie-Del Company, as Constellation continues to refine its product portfolio.
Constellation Brands (NYSE: STZ and STZ.B) reported its third quarter fiscal 2021 results on January 7, 2021. Key highlights include continued growth in high-end beer brands such as Corona and Modelo, supporting its position as a leader in the beverage alcohol market. A conference call discussing the results and future outlook is set for January 7, 2021, at 11:30 a.m. (EST). More information is available through their investor relations page.
Constellation Brands (NYSE: STZ and STZ.B) announced the full redemption of its outstanding 3.75% Senior Notes due 2021, totaling $500 million, to occur on February 4, 2021. The redemption will include a make-whole premium estimated at $4 million. This proactive step reflects the company's financial strategy aimed at optimizing its debt profile.
Constellation Brands has finalized the divestiture of part of its wine and spirits portfolio to E. & J. Gallo Winery for approximately $810 million, primarily consisting of $560 million in cash at closing and up to $250 million in potential earnouts. The divestment includes brands priced at $11 retail and below, with related facilities in California, New York, and Washington. Additionally, the company sold the Nobilo wine brand for around $130 million and is expecting to close a sale of the Paul Masson Grande Amber Brandy for approximately $255 million.
Constellation Brands (NYSE: STZ and STZ.B) announced that the U.S. Federal Trade Commission (FTC) has approved the proposed consent order for the company's divestiture of certain wine and spirits assets to E. & J. Gallo Winery. The transaction, valued at $11 retail and below, is set to close the week of January 4, 2021. The FTC also approved separate divestitures to Sazerac and Vie-Del Company. This approval fulfills all antitrust requirements, allowing Constellation to proceed with the transactions.
Constellation Brands (NYSE: STZ, STZ-B) announced it will report its fiscal Q3 2021 results on January 7, 2021, prior to U.S. market opening. The results will be discussed in a conference call hosted by CEO Bill Newlands and CFO Garth Hankinson at 11:30 a.m. EST. A live webcast will also be available on the company’s website. Constellation Brands, a major player in the beverage alcohol industry, operates in the U.S., Mexico, New Zealand, and Italy, focusing on premium beer, wine, and spirits.
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