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☆ These stocks are 'built for growth' and have major upside, Goldman analysts say
▼ + stars: | 2023-11-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

They include Monday.com , Booz Allen Hamilton, Brink's, Apollo Global Management and Constellation Brands. Booz Allen Hamilton Booz Allen is up 20% this year, but the government and military contractor's stock has more room to run, according to Goldman. Constellation Brands "Built for growth," analyst Bonnie Herzog said in a note, following the beer and wine producer's recent analyst day. Booz Allen Hamilton - buy rating "Booz Allen again beat consensus revenue, growing top-line 15% organically, continuing a pace well ahead of nearly all peers in the national security sector. Monday.com - buy rating "Expect little to no disruption to near-term execution; see Investor Day offering lens into LT growth potential.

Persons: Goldman Sachs, Booz Allen Hamilton, Booz Allen Hamilton Booz Allen, Noah Poponak, Booz Allen, BAH, Poponak, Bonnie Herzog, Herzog, Monday.com, Kash Rangan, Rangan, …, BCO Organizations: CNBC, Monday.com, Apollo Global Management, Constellation Brands, Booz, Goldman, U.S . Staples, TAM, Retail Solutions, Private Credit Locations: Brink's, Government, NYC, Israel, APOs

☆ Corona beer maker's new plan to reduce costs makes stock even more attractive
▼ + stars: | 2023-11-07 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Constellation Brands ' (STZ) push to reduce costs gives us increased confidence that the Corona and Modelo beer maker can deliver strong future growth and create additional value for shareholders. Management said that by optimizing its beer expansion efforts, the company was able to reduce $1 billion in expenses. Since last month's trade, shares of Constellation were up roughly 3%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer, Elliot Management, Jim Cramer's, Jim, Scott Eells Organizations: Constellation Brands, Corona, Modelo, Barclays, Management, Wine, Constellation, CNBC, Bloomberg, Getty Locations: New York

☆ Why we see a bright future for Constellation Brands and Starbucks following investor events
▼ + stars: | 2023-11-03 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

Investor events this week from Club holdings Constellation Brands (STZ) and Starbucks (SBUX) left shareholders like us bullish on the path forward for both beverage makers. Beer producer Constellation Brands provided a business update on Thursday during an event for investors at which management outlined its strategic priorities to foster ongoing growth. The company called its beer business, which includes bestselling brands like Modelo Especial, Corona and Pacifico, "the main driver of our strong growth." To address this unrelenting demand, Starbucks plans on building new stores with updated layouts, while "unlocking capacity" at existing stores. In addition to investing in its stores, Starbucks is also taking steps to improve the overall experience for its employees.

Persons: Kim Crawford, Elliot Management, Laxman Narasimhan, Jim Cramer, Narasimhan, Jim Cramer's, Jim Organizations: Constellation Brands, Starbucks, Modelo Especial, Management, Constellation, CNBC, Getty Locations: U.S, Corona, Pacifico, Woodbridge, SVEDKA, China, North America, Canada

☆ Here's a rapid-fire update on all 36 stocks in our portfolio, including our latest addition
▼ + stars: | 2023-10-11 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +16 min

Here's a rapid-fire update on all stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. After reducing expenses to improve margins on its retail business, Jim said it's on the right track. Costco Wholesale (COST): Costco remains one of Jim's favorite stocks in the entire our entire portfolio. Ford Motor (F): Jim expressed confidence in Ford CEO Jim Farley, as the targeted United Auto Workers strike approaches the one-month mark. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim, there's, it's, Bausch, we're, We've, Coterra, Dupont, We're, Nelson Peltz, Peltz, Estee Lauder, Patience, Fabrizio Freda, Emerson, Jim Farley, Ford, Locker, Mary Dillon, GEHC, Vimal Kapur, Bruce Broussard, Broussard, he's, Eli Lilly, Lilly, Mark Zuckerberg, Morgan Stanley, Morgan Stanley's, James Gorman, Laxman Narasimhan, Elliott, Stanley Black, Decker, Piper, Wells Fargo, Wells, Jim Cramer, Jim Cramer Rob Kim Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Federal Trade, Broadcom, VMWare, Bausch Health, Caterpillar, Costco Wholesale, Costco, Coterra Energy, Exxon Mobil, Natural Resources, Disney, ESPN, Hulu, Comcast, Emerson, National Instruments, Ford, United Auto Workers, Nike, GE Healthcare, Electric, GE, Honeywell International, Honeywell, Humana, Linde, LIN, Microsoft, Nvidia, Oracle, Alto Networks, cyberattacks, Palo Alto Networks, Procter & Gamble, Pioneer, Exxon, Constellation Brands, Elliott Management, FactSet, TJX, Marshalls, Wynn Resorts, WYNN, Jim Cramer's Charitable Locations: China, U.S, Maxx, Las Vegas, Boston, Macau, Asia

☆ Mexican liquors and beers are on the rise in the U.S. — here’s what’s driving the torrid growth
▼ + stars: | 2023-10-08 | by ( Stefan Sykes | ) www.cnbc.com time to read: +7 min

"Tequila has been such a national treasure here in Mexico," said Guilherme Espagnoli Martins, global brand director of Diageo-owned Don Julio Tequila. The Mexican beer boomIt's not just tequila and mezcal — Mexican beer is booming, too. Mexican beer imports into the U.S. are up 10.6% in 2023, according to alcohol research firm Bump Williams Consulting. watch nowA spokesperson for Constellation told CNBC that Mexican beer sales grew as Hispanic culture gained a stronger foothold around the world. Constellation on Thursday reported quarterly results that topped Wall Street estimates, driven by the surge in demand for its Mexican beer brands.

Persons: Mario Tama, Lea, Tequila, Guilherme Espagnoli Martins, Don Julio Tequila, Don Julio, George Clooney, Martins, Don, Don Julio Tequila Blanco, Bump, Bud Light, Cowen, Vivien Azer, InBev's Bud, Constellation's, Azer, Jonnie Cahill, Tecate, Cahill, Heineken's, It's, Dos Equis, Eduardo, Lalo, González, LALO Blanco Tequila, Don Julio González Organizations: Modelo Especial, Getty, U.S, Experts, Diageo, CNBC, Bump Williams Consulting, Mexico's Modelo Especial, Constellation, Modelo, Constellation Brands, Anheuser, Busch InBev, InBev's, Heineken USA, Cinco de Mayo, Dos, Corona Locations: Los Angeles , California, U.S, Mexico, The U.S, United States, British, Mexican, Modelo, Dos

☆ Jim Cramer sees a major catalyst ahead for Corona maker Constellation Brands stock
▼ + stars: | 2023-10-06 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +2 min

A potentially significant catalyst for Constellation Brands (STZ) stock is just a few weeks away, CNBC's Jim Cramer said Friday. "Elliott obviously… wants their stock higher," Cramer said on "Squawk on the Street." Elliott has "the ability to suggest things including perhaps maybe getting rid of some of the disappointing spirits business," said Cramer. The beer portfolio led by Modelo saw 11.8% year-over-year sales growth, while its wine-and-spirits division saw a 14% drop in revenue on an annual basis. The wine-and-spirits division has been a known weak spot for some time now, and Cramer has been advocating that Constellation sell it.

Persons: CNBC's Jim Cramer, Elliott, Cramer, Jim Cramer's Organizations: Modelo, Corona, Elliott Management, Constellation, CNBC, Constellation Brands, The Locations: U.S

☆ Corona beer-maker Constellation Brands lifts profit forecast on higher pricing
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +1 min

Bottles of the beer, Corona, a brand of Constellation Brands Inc., sit on a supermarket shelf in Los Angeles, California April 1, 2015. REUTERS/Lucy Nicholson/File Photo Acquire Licensing RightsOct 5 (Reuters) - Constellation Brands (STZ.N) raised its annual profit target on Thursday after topping sales expectations for the second quarter, riding on higher prices and strong demand for its beers and spirits. Constellation, like peer Brown-Forman (BFb.N), has benefited from increasing prices in a bid to offset steeper input costs. The company now expects fiscal 2024 comparable earnings per share between $12.00 and $12.20, as against its previous forecast of profit between $11.70 and $12.00 per share. Constellation's quarterly sales rose 7%, to $2.84 billion, compared with analysts' average estimate of $2.82 billion, as per IBES data from LSEG.

Persons: Lucy Nicholson, Brown, Forman, Juveria Tabassum, Pooja Desai Organizations: Constellation Brands Inc, REUTERS, Constellation Brands, LSEG, Thomson Locations: Corona, Los Angeles , California, U.S

☆ Corona beer maker Constellation Brands bets on higher pricing to lift profit view
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +2 min

Bottles of the beer, Corona, a brand of Constellation Brands Inc., sit on a supermarket shelf in Los Angeles, California April 1, 2015. REUTERS/Lucy Nicholson/File Photo Acquire Licensing RightsOct 5 (Reuters) - Constellation Brands (STZ.N) raised its annual profit target on Thursday after higher prices and strong demand for its beers and spirits drove a sales and profit beat in the second quarter. Alcohol producers such as Constellation and peer Brown-Forman (BFb.N) have benefited from increasing prices, helping offset steeper raw material costs. Constellation also raised the annual sales forecast for its beer business. Constellation now expects fiscal 2024 comparable earnings per share between $12.00 and $12.20, as against its previous forecast of profit between $11.70 and $12.00 per share.

Persons: Lucy Nicholson, Brown, Forman, Kim Crawford, Busch, Bud Light, Bump Williams, Garrett Nelson, Juveria Tabassum, Pooja Desai Organizations: Constellation Brands Inc, REUTERS, Constellation Brands, Constellation, Modelo Especial, Corona, Modelo, Anheuser, LSEG, Thomson Locations: Corona, Los Angeles , California, U.S, Rochester , New York

☆ We're upgrading this beer stock after an unwarranted post-earnings slide
▼ + stars: | 2023-10-05 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Net sales for the three months ended Aug. 31 climbed 7% year-over-year, to $2.84 billion, ahead of Wall Street's expectations of $2.82 billion, according to Refinitiv. Quarterly results Beer sales climbed 12% year-over-year, to $2.4 billion. Those factors more than offset tailwinds of sales growth, positive pricing dynamics and efficiency gains. Modelo Especial remains the top brand share gainer and leading brand "in the entire U.S. beer category in dollar sales." The company expects "net sales growth and operating income growth of that business to ramp up through the remainder" of fiscal year 2024.

Persons: —, Depletions, I'm, Bill Newlands, Newlands, Jim Cramer's, Jim Cramer, Jim, Susana Gonzalez Organizations: Constellation Brands, Constellation, Modelo Especial, Cinco de, Labor, Wall Street, Management, CNBC, Constellations Brands Inc, Grupo Modelo, Bloomberg, Getty Locations: Modelo, Corona, U.S, Cinco de Mayo, Zona Rosa, Mexico City

☆ Constellation Brands beats on earnings as Modelo-fueled beer momentum continues
▼ + stars: | 2023-10-05 | by ( Stefan Sykes | ) www.cnbc.com time to read: +2 min

Constellation Brands on Thursday reported earnings and revenue that topped analysts' expectations for its fiscal second quarter of 2024. The Mexican beer powerhouse, owner of the Modelo Especial and Corona Extra brands, reported double-digit sales growth in its beer business as the division continues to dominate the overall beer and high-end categories. The Modelo brand family was a particular bright spot: Modelo Especial grew nearly 9%, while Modelo Chelada brands posted growth of more than 40%. The company's wine and spirits brands, however, underperformed year over year. In its previous quarter, beer sales rose 11% year over year driven by stable consumer demand and higher pricing.

Persons: Constellation's Meiomi, Kim Crawford, Campo, Bill Newlands Organizations: Constellation Brands, Modelo Especial, Corona, Constellation, LSEG, Modelo, Business Locations: Mexican, U.S

☆ Constellation Brands CEO touts beer performance post earnings
▼ + stars: | 2023-10-05 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

In a Thursday interview with CNBC's Jim Cramer, Constellation Brands CEO Bill Newlands highlighted the past quarter's success in its beer brands and said the company has been shifting its focus from mainstream to higher-end brands. Constellation reported earnings Thursday, with its beer portfolio seeing double-digit sales growth. Newlands chalked up some of this underperformance to the mainstream brands in its spirits and wine business. Additionally, Constellation's earnings report showed that and its higher-end wine and liquor brands — like Meiomi and Kim Crawford wine brands — outperformed the rest of the group. "Today it's one-third, and even though that area continues to drag on the overall business, the top end of our wine business is doing quite well and taking share."

Persons: CNBC's Jim Cramer, Bill Newlands, Newlands, Kim Crawford Organizations: Constellation Brands, Pacifico, Corona, Constellation, — Locations: Newlands

☆ What to expect when beer king Constellation Brands reports earnings Thursday morning
▼ + stars: | 2023-10-04 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

Lots of Wall Street firms are getting out ahead of this week's earnings from Constellation Brands (STZ) with price target increases. At the time, we were optimistic and increased our price target on the Modelo and Corona maker to $270 per share from $260. When measuring beer growth, he assesses how much shelf space companies get every year and how quickly those products fly off the shelves. All these factors "drive solid beer growth even as the macro environment gets worse," Falorni said. Wedbush also thinks Constellation will be able to weather those macro consumer storms and continue to drive earnings and revenue growth.

Persons: It's, we'll, We'd, Filippo Falorni, there's, Falorni, Wedbush, Wells, Goldman Sachs, Jim Cramer, Bill Newlands, Elliott, Luca Zaramella, Bill Giles, Sands, Jim, Elliot, Jim Cramer's Organizations: Constellation Brands, Modelo, Revenue, Federal Reserve, Constellation, Citi, CNBC, JPMorgan, Modelo Especial, Elliott Management, Club, Mondelez, AutoZone, Getty Locations: Corona, Wells Fargo, U.S, Simi, STZ

☆ Our takes on new Wall Street research analyzing 4 Club consumer stocks
▼ + stars: | 2023-09-22 | by ( Paulina Likos | ) www.cnbc.com time to read: +8 min

There was lots of consumer stock research from Wall Street on Friday, including reports on Club names Costco (COST), Procter & Gamble (PG), beer maker Constellation Brands (STZ) and off-price retailer TJX Companies (TJX). HSBC also said Costco's premium stock multiple is worth it given management's strong execution, sustainable competitive advantages, and growth outlook. The analysts said that P & G has built "one of the strongest set of capabilities in the consumer staples sector." You will not see us trade Costco. TJX YTD mountain TJX Companies YTD In a note Friday, UBS sees department stores still losing share to off-price retailers in both sales and earnings before interest and taxes (EBIT) dollars over the next 10 years and beyond.

Persons: We're, Goldman Sachs, Goldman, Bill Newlands, Jim, TJX, It's, Jim Cramer's, Jim Cramer Organizations: Wall, Costco, Procter, Gamble, Constellation Brands, TJX Companies, HSBC, Coresight Research, Gamble YTD HSBC, Constellation, Modelo, Corona, Constellatio Brands, Elliott Management, UBS, Marshalls, Burlington, Ross Stores, CNBC, Corbis, Getty, & & $ Locations: U.S, Mexican, Maxx, Teterboro , New Jersey

☆ The risks to alcohol and food stocks from Ozempic-like weight loss drugs
▼ + stars: | 2023-09-20 | by ( Paulina Likos | ) www.cnbc.com time to read: +9 min

The rise of new anti-obesity medications could result in less alcohol consumption, impacting Club name Constellation Brands (STZ). The risk already seems to be playing out in food stocks with exposure to snacks and junk food. We don't think Constellation Brands stock will suffer the same fate as shares of leading snack food companies like J.M. Key points The increasing popularity of new diabetes/weight loss drugs could curtail consumer appetite for junk food and alcohol. Constellation Brands (STZ), the Club name behind the Mexican beers Corona and Modelo, should be able to weather any such headwind.

Persons: Eli Lilly, it's, Mills, Lilly, Jim Cramer, Mounjaro, Morgan, Morgan Stanley, AOMs, Jefferies, Jim Cramer's, Jim, Gabby Jones Organizations: Constellation Brands, Corona, Modelo, Pacifico, Nordisk, Ozempic, Club, Novo Nordisk, Brands, Conagra Brands, Constellation, Bud Light, Jefferies, JPMorgan, CNBC, Bloomberg, Getty Locations: U.S, Oro, Brooklyn Borough, New York

☆ These are the 11 sectors that comprise the S&P 500 — and the stocks we own in each
▼ + stars: | 2023-09-17 | by ( Paulina Likos | ) www.cnbc.com time to read: +28 min

.GSPF YTD mountain S & P 500 Financials Sector YTD performance Club stocks in the Financials sector: Morgan Stanley ( MS): The bank's services include investment banking, wealth management and investment management. Communication Services Sector market weight: 8.85% Market cap: $3.3 trillion YTD performance: up 44.5% Industries: Diversified telecommunication services; entertainment; interactive media & services; media; wireless telecommunication services. .GSPTS YTD mountain S & P 500 Communication Services Sector YTD performance Club stocks in the Communication Services sector: Walt Disney (DIS): The entertainment giant reported another mixed quarter last month, even against low expectations. Real estate Sector market weight: 2.44% Market cap: $909 billion YTD performance: up 0.9% Industries: Equity real estate investment trusts; real estate management & development. .SPLRCR YTD mountain S & P 500 Real Estate Sector YTD performance While we don't own any real estate stocks, investors have historically invested in the sector for its reliable cash flow from income-generating properties.

Persons: Jim Cramer's, Jim, Salesforce, reenergized, Marc Benioff, Wolfe, Palo, Eli Lilly, Cantor Fitzgerald, Bausch, bioprocessing, Morgan Stanley, Morgan Stanley's, Eaton Vance, Wells Fargo, Wells, TJX, Wynn, Locker, We've, Mary Dillon, Walt Disney, Bob Iger's, Emerson, Davidson, Vimal Kapur, Stanley Black, Decker, Estee Lauder, Gillette —, Elliott, Coterra, Linde, Jim Cramer, Mandel Ngan Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Technology Sector, Industries, Communications, Technology, Information Technology, Apple, Wedbush Securities, Microsoft, UBS, Deutsche Bank, Nvidia, Broadcom, VMware, Palo Alto Networks, Wolfe Research, Palo Alto, Oracle, Mizuho, Amazon Web Services, Google, Health Care, Biotechnology, Health, Bausch Health, Leerink Partners, GE Healthcare Technologies, General Electric, GE, Financials, Bank of America, United Auto Workers, Detroit, Ford, Starbucks, TJX, Marshalls, Wynn Resorts, WYNN, Communication Services, Communication, Hollywood, Charter Communications, Disney, JMP Securities, Facebook, Industrials, Aerospace, Emerson, Caterpillar, Honeywell, Consumer Staples Sector, Consumer, Consumer Staples, Costco Wholesale, Procter & Gamble, Gillette, Constellation Brands, Corona, Modelo, Pacifico, Elliott Management, Energy Sector, Energy, Coterra Energy, Natural Resources, West Texas, Utilities Sector, Electric, Companies, Sempra Energy, Materials, Chemicals, Linde, LIN, DuPont, Sector, Equity, Real, Jim Cramer's Charitable, New York Stock Exchange, AFP, Getty Locations: U.S, FactSet, bioprocessing, Wells Fargo, China, Maxx, Macao, Asia, Pacifico —, California, Texas

☆ Don't trust any stock rally unless oil prices, bond yields fall, Jim Cramer warns
▼ + stars: | 2023-09-06 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. Oil, bonds weigh on stocks Watch Constellation Brands Oracle on deck 1. Higher oil prices, bond yields weigh on stocks Stocks fell Wednesday morning, with the market on track for back-to-back days of declines. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Cowen, Guggenheim, Mizuho, Jim Cramer's, Jim Organizations: CNBC, Constellation Brands Oracle, Stocks, Nasdaq, Treasury, Saudi, West Texas, Southwest Airlines, Constellation Brands, Club, Modelo, Oracle Locations: U.S

☆ How Modelo dethroned Bud Light to become the top-selling U.S. beer
▼ + stars: | 2023-08-18 | by ( Natalie Rice | ) www.cnbc.com time to read: +4 min

1 beer in America due to a competitor's moves is not accurate," said Jim Sabia, executive vice president and managing director of Constellation Brands ' beer division. Bud Light's sales slump changed that. The data shows that on the four weeks ended on May 20, Modelo's share of total beer sales grew to 10.7%, while Bud Light's fell to 9.6%. "Modelo has been on a rise and Bud Light's been on a decline as we've seen overall shifts in the beer market in the last 10 years." But when it comes to success in the Mexican beer market, Constellation is relatively untouchable.

Persons: Jim Sabia, We've, Sabia, Bud Light's, Bud Light, influencer Dylan Mulvaney, Bart Watson, Gerald Pascarelli, There's, Greg Gallagher, we've Organizations: Modelo Especial's U.S, Constellation Brands, Modelo, Modelo Especial, Nielsen, Wedbush Securities, Anheuser, Busch InBev, Brewers Association, Beer Institute Locations: America, U.S, Corona, Pacifico, Mexico, United States, Circana

☆ These Club consumer stocks stand to gain as customers continue to economize
▼ + stars: | 2023-08-03 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Consumers looking to save money are scaling back on big-ticket discretionary purchases, while spending at Club name Costco Wholesale (COST) continues to thrive. Excluding impacts from changes in gasoline prices and foreign exchange, total company core-comparable sales were up 5% on an annual basis last month. Costco's "stronger than expected results are a signal it continues to take share in this difficult consumer environment," analysts at UBS wrote in a note. This strategy offers higher value proposition to customers, allowing the company to raise prices while still maintaining customer engagement. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, BUD, Raymond James, Anheuser, Molson, Elliott, Jim Cramer's, Jim Organizations: Club, Costco Wholesale, Costco, TAG, UBS, Constellation Brands, Modelo Especial, U.S ., Anheuser, Bush Inbev, Molson Coors, TAP, Constellation, Procter & Gamble, Tide, Gillette, Atlantic, Anheuser Bush, Elliott Management, CNBC, Corbis, Getty Locations: U.S, Teterboro , New Jersey

☆ Jim Cramer says 'bulls are in charge' as stocks pop but adds a warning for investors
▼ + stars: | 2023-07-19 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Be cautious as stocks surge Look out for green shoots in bank stocks Watch Constellation Brands 1. Jim Cramer says it's clear that "the bulls are in charge and the bears are folding," but it's important that investors "don't fall prey to the notion that we are impermeable." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Dow, It's, Green, Goldman Sachs, Morgan Stanley, Elliott, Jeff Marks, Marks, Jim Cramer's, Jim Organizations: CNBC, Constellation Brands, Federal Reserve, Club, Constellation Brands Constellation Brands, Elliott Management, Corona, Modelo

☆ We're trimming this consumer staple and changing our rating after a strong run
▼ + stars: | 2023-07-17 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

We are selling 100 shares of Constellation Brands (STZ) at roughly $255.21. Following the trade, Jim Cramer's Charitable Trust will own 330 shares of STZ, decreasing its weighting in the portfolio to 2.96% from 3.83%. In what has been a rough year for consumer staple stocks, Constellation Brands has been one of the few bright spots with a gain of nearly 10% versus a roughly flat return for the sector. Constellation Brands has been a solid trade, rallying about 9% since we added to our position in late May. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer's, Bud, Bud Light, Jim Cramer, Jim, Luke Sharrett Organizations: Constellation Brands, Modelo, Constellation's Modelo, Bud, CNBC, Workers, LLC, Bloomberg, Getty Locations: California, Corona, Pacifico, United States, Louisville , Kentucky

☆ Analysts are adjusting their price targets for Constellation — here's why we're on board
▼ + stars: | 2023-07-03 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

Wall Street praised Constellation Brands (STZ) in a series of price target hikes to start the new week and quarter. We boosted our Club price target on Constellation on Friday to $270 per share from $260. BMO Capital increased price target to $290 from $263 Wells Fargo increased price target to $280 from $275 Bernstein increased price target to $287 from $280 JPMorgan raised price target to $276 from $273 Goldman Sachs raised price target to $275 from $264 Wedbush increased price target to $275 to $270 TD Cowen increased price target to $240 from $220 Truist raised price target to $240 from $220 The common theme, as we also pointed out, is the company's unrelenting beer momentum as the main factor that should drive the company's future growth. Constellation delivered resilient beer depletions, also known as the number of cases that are sold to retailers by a distributor. We were glad to see Wall Street analysts follow our price target increase.

Persons: That's, Bernstein, Goldman Sachs, Cowen, Bud Light, Bud, Jim Cramer's, Jim Cramer, Jim Organizations: Constellation Brands, Corona, Modelo, Constellation, BMO Capital, Wells, JPMorgan, Modelo Especial, Pacifico, Management, Wall, CNBC, Getty Locations: Pacifico, Corona, America, California, U.S

☆ We changed our price target on Constellation after listening to Friday's earnings call
▼ + stars: | 2023-06-30 | by ( Jim Cramer | ) www.cnbc.com time to read: +6 min

Constellation Brands (STZ) delivered an earnings beat Friday, along with a compelling outlook that prompted us to raise our price target on shares of the Corona brewer. Excluding equity losses from Constellation's stake in cannabis company Canopy , adjusted earnings came in at $3.04 per share. Bottom line Management's full-year guidance — like the headline sales and earnings numbers — was better than the estimates from Wall Street. Company results Beer sales of $2.1 billion, up 11% year over year, were better than analysts' expectations of $2.07 billion. Taking out capital expenditures of $1.2 billion to $1.3 billion (unchanged), the free cash flow forecast comes in between $1.2 billion and $1.3 billion (unchanged).

Persons: —, we're, That's, depletions, Jim Cramer's, Jim Cramer, Jim, Daniel Acker Organizations: Constellation Brands, Corona, Refinitiv, Wall, Modelo Especial, Wall Street, Management, CNBC, Constellation Brands Inc, Bloomberg, Getty Locations: U.S, Ottawa , Illinois

June 14 (Reuters) - Anheuser-Busch InBev's (ABI.BR) Bud Light has lost its top spot in the U.S. beer market to Constellation Brands' (STZ.N) Modelo Especial, following a backlash from conservatives over a social media promotion with transgender influencer Dylan Mulvaney. Cans of AB InBev's Bud Light hard seltzer are displayed in a fridge in Jewel-Osco supermarket in Chicago, Illinois, U.S. October 21, 2020. REUTERS/Richa NaiduConstellation's Modelo Especial was the top-selling beer brand in the United States with an 8.4% share of overall beer sales through retail stores for the period ending June 3, data from Bump Williams showed. Bud Light came in second with a 7.3% share. AB InBev's overall sales growth declined 12% in the four weeks ended May 20, data from NielsenIQ and TD Cowen showed.

Persons: Busch, Bud Light, influencer Dylan Mulvaney ., Bump Williams, Michel Doukeris, Bud Light's, Dylan Mulvaney, Miller, Jon Reynolds, Bud, seltzer, Richa Naidu, TD Cowen, Cowen, Vivien Azer, Ananya Mariam Rajesh, Anil D'Silva Organizations: Anheuser, Constellation Brands, Modelo, Budweiser, Modelo Especial, InBev, Conservative, Target, Molson Coors, University of Vermont, REUTERS, Euromonitor International, Reuters, Thomson Locations: U.S, NielsenIQ, Chicago , Illinois, United States, Bengaluru

☆ Constellation Brands vs. Molson Coors: Here's which beer maker is the clear winner to buy
▼ + stars: | 2023-05-31 | by ( Paulina Likos | ) www.cnbc.com time to read: +12 min

In a battle of beer makers, Molson Coors (TAP) has had the advantage lately over rival Constellation Brands (STZ). Molson Coors has a diverse portfolio of popular beer brands including Coors Light and Miller Lite as well as other summer favorites Blue Moon and Leinenkugel's. Shares of TAP have gained about 17% in 2023, driven by strong beer growth and strategic partnerships. TAP STZ YTD mountain Molson Coors vs. Constellation Brands YTD performance At Club holding Constellation, its core beer brands are Corona, Modelo and Pacifico. While Molson Coors is catching much of the Bud Light exodus, Constellation's popular beer brands will also be a beneficiary.

Persons: Molson, Molson Coors, Miller, Bud Light's, influencer, Bud Light, BUD, Jim Cramer, Roth, Jim, Bud, Roth MKM, STZ, Gerald Pascarelli, Seltzer, Pascarelli, it's, Filippo Falorni, Falorni, Filippo, Wedbush's, Edward Lewis, hasn't, Robert Sands, Bill Newlands, Sands, Newlands, Jim Cramer's Organizations: Molson Coors, TAP, Constellation Brands, Modelo, Coors, Miller Lite, Anheuser, Busch Inbev, Club, Constellation, Corona, Nielsen, Constellation's Modelo Especial, Molson, CNBC, Coca, Citi, Falorni, STZ, Cinco de, Getty Locations: Corona, Pacifico, STZ, North, North America, Cinco de Mayo, San Diego

☆ Two Club stocks get Wall Street upgrades, sending shares higher
▼ + stars: | 2023-05-30 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Watch Constellation Brands Roth MKM on Tuesday upgraded Club holding Constellation Brands (STZ) to buy, from neutral, while increasing its price target to $270 per share, up from $216. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

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