Constellation Brands (STZ)
Producer and U.S. marketer of Modelo, Corona, Pacifico, and Victoria.
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Produces Modelo, Corona, Pacifico, and Victoria for the U.S. market under perpetual brand rights, alongside a smaller portfolio of higher-end wine and spirits. Beer supplies come from Mexican breweries and reach retailers mainly through wholesale distributors, making imported beer the defining business.
Produces and markets imported Mexican beer alongside higher-end wine and spirits. The Beer segment centers on Modelo Especial, Corona, Pacifico, and Victoria under a perpetual U.S. license, while the smaller Wine and Spirits segment includes Kim Crawford, Ruffino, Robert Mondavi Winery, The Prisoner Wine Company, High West, and Casa Noble. Recent divestitures removed mainstream wine brands and sharpened the portfolio around higher-end labels.
Builds brands through in-house marketing and sales, then reaches U.S. retailers mainly through wholesale distributors; wine and spirits also sell internationally and through direct-to-consumer channels. Beer supplies come from two operating breweries in Mexico, with another under construction, concentrating production and import exposure there. Alcohol licensing, state distribution rules, duties, packaging inputs, and water availability shape operations.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 22, 2026 | Barclays | Target | Target: $132 | Target: $122 |
| Sep 21, 2026 | Evercore ISI | Target | Target: $175 | Target: $160 |
| Sep 17, 2026 | Raymond James | Target | Target: — | Target: $150 |
| Sep 11, 2026 | Deutsche Bank | Reiterate | Rating: —Target: $150 | Target: $136 |
| Jul 21, 2026 | Barclays | Reiterate | Rating: —Target: $139 | Target: $132 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, May 31, 2026Cash & short-term investments $96.6M · Total debt $10.53B · Total assets $22.11B · Shareholders' equity $8.26B
- Revenue
- $2.43B
- Operating income
- $845.3M
- Net income
- $653.8M
HistoryDividendAnnual yield
| Institutions | 85.89% | 146.68M shares | |
|---|---|---|---|
| 1,090 holders · as of Jun 30, 2026 | |||
| Insiders | 3.02% | 5.16M shares | |
| 22 holders · as of Jul 14, 2026 | |||
| Strategic holders | 11.96% | 20.43M shares | |
| 1 holder · as of Jun 3, 2025 | |||
| Adds to | 100.87% | ||
170.78M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 100.87%; nothing is left for Other.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
WSP Holdings TrustStrategic10 percent owner | 11.96% | 20.43M A | filed Jun 3, 2025 |
BlackRock, Inc.Institution | 6.76% | 11.54M A | as of Jun 30, 2026 |
Capital World InvestorsInstitution | 6.56% | 11.21M A | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 5.47% | 9.34M A | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 4.59% | 7.84M A | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 12, 2026 | James O. Bourdeau | officer: EVP and Senior Advisor | −4,407 | $143.24 |
| Apr 27, 2026 | Ernesto M. Hernandez | director | −2,000 | $153.92 |
| Feb 17, 2026 | Samuel J. Glaetzer | officer: EVP & Pres. Wine and Spirits | −555 | $153.78 |
- Anheuser-Busch InBev (ADR)
Dominant U.S. brewer; Michelob Ultra and Bud Light rival Modelo/Corona.
- Molson Coors Class B
Second-largest U.S. brewer; Coors Light and Miller Lite compete head-to-head.
- Diageo (ADR)
Don Julio and Casamigos contest the same premium tequila shelf as Casa Noble.
- Boston Beer
Craft and Beyond Beer leader; Twisted Tea and Truly compete in FMB/seltzer.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Constellation Brands | $119.68 | +1.09% | $20.22B | 11.3 | 10.1 | 2.2 | −3.3% |
| Anheuser-Busch InBev (ADR) | $79.06 | +1.42% | $153.52B | 16.5 | — | 2.5 | +6.4% |
| Molson Coors Class B | $38.25 | +1.82% | $7.04B | — | 8.1 | 0.6 | −3.3% |
| Diageo (ADR) | $87.96 | +1.31% | $48.26B | 27.8 | — | 2.5 | −1.7% |
| Boston Beer | $173.75 | +1.37% | $1.78B | — | 17.5 | 0.9 | −9.1% |
| Median | 22.2 | 12.8 | 1.7 | −2.5% |