Constellation Brands Inc Stock Research

Market Summary

USD219.49+1.54

Delayed

0.71%

STZ Stock Price

STZ RSI Chart

STZ Valuation

STZ Profitability

EBT Margin

6.07%

Return on Equity

1.21%

Return on Assets

0.41%

STZ Fundamentals

STZ Revenue

Revenue (TTM)

10.3B

Revenue Y/Y

4.69%

Revenue Q/Q

-8.37%

STZ Earnings

Earnings (TTM)

101.4M

Earnings Y/Y

-0.66%

Earnings Q/Q

140.63%

Price Action

52 Week Range

208.12261.52

(Low)(High)

Last 7 days

1.9%

Last 30 days

-2.1%

Last 90 days

-5.5%

Trailing 12 Months

-3.4%

STZ Financial Health

Current Ratio

1.29

STZ Investor Care

Financials for Constellation Brands

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	1.2%	10,298	10,181	9,882	9,529	9,381
Gross Profit	0.0%	4,940	4,939	4,843	4,707	4,568
S&GA Expenses	5.3%	1,888	1,794	1,772	1,711	1,703
EBITDA	4.1%	992	953	2,105	1,021	-
EBITDA Margin	2.9%	0.10*	0.09*	0.21*	0.11*	-
Earnings Before Taxes	5.2%	625	594	1,746	310	298
EBT Margin	4.0%	0.06*	0.06*	0.18*	0.03*	0.03*
Interest Expenses	-	369	-	-	-	-
Net Income	-3.0%	101	105	1,257	-40.40	-52.90
Net Income Margin	-4.1%	0.01*	0.01*	0.13*	0.00*	-0.01*
Free Cahsflow	-17.1%	1,430	1,725	1,638	1,679	1,891

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	0.7%	24,463	24,281	25,841	25,856	25,527
Current Assets	-0.1%	3,526	3,530	3,302	3,330	3,377
Cash Equivalents	12.1%	185	165	102	199	361
Inventory	9.1%	1,802	1,651	1,656	1,573	1,519
Net PPE	4.6%	6,524	6,234	6,163	6,060	5,519
Goodwill	0.0%	7,897	7,899	7,915	7,862	7,848
Liabilities	8.1%	15,746	14,570	14,283	13,808	13,981
Current Liabilities	8.5%	2,725	2,512	2,366	2,699	2,249
. Short Term Borrowings	31.9%	876	664	124	323	243
Long Term Debt	7.5%	10,853	10,094	10,090	-	-
LT Debt, Current	26.3%	10.00	8.00	575	605	6.00
LT Debt, Non Current	9.8%	11,287	10,279	10,278	9,488	10,084
Shareholder's Equity	-13.6%	8,390	9,711	11,559	11,732	11,546
Retained Earnings	-8.8%	12,268	13,448	14,746	14,505	14,252
Additional Paid-In Capital	1.2%	1,884	1,860	1,825	1,809	1,782

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-10.3%	2,542	2,834	2,748	2,705	2,887
Share Based Compensation	43.9%	67.00	47.00	46.00	45.00	45.00
Cashflow From Investing	11.9%	-1,008	-1,144	-1,146	-1,035	-118
Cashflow From Financing	-5.3%	-1,707	-1,621	-2,000	-1,929	-2,559
Dividend Payments	0.8%	584	579	576	573	574
Buy Backs	-5.8%	1,401	1,486	1,997	1,391	1,391

Risks for STZ

What is the probability of a big loss on STZ?

37.7%

Probability that Constellation Brands stock will be more than 20% underwater in next one year

29.6%

Probability that Constellation Brands stock will be more than 30% underwater in next one year.

18.5%

Probability that Constellation Brands stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does STZ drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Constellation Brands was unfortunately bought at previous high price.

Drawdowns

Returns for STZ

Cumulative Returns on STZ

17.7%

10-Year Cumulative Returns

7.0%

7-Year Cumulative Returns

1.3%

5-Year Cumulative Returns

16.4%

3-Year Cumulative Returns

What are the long-term rolling returns for STZ?

FIve years rolling returns for Constellation Brands.

Annualized Returns

Which funds bought or sold STZ recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-24	PALISADE CAPITAL MANAGEMENT, LP	unchanged	-	23,855	2,655,860	0.07%
2023-03-23	MetLife Investment Management, LLC	added	0.09	96,481	9,773,130	0.08%
2023-03-20	Socha Financial Group, LLC	added	0.36	3,098	256,000	0.18%
2023-03-17	American Portfolios Advisors	reduced	-7.38	-157,048	1,643,290	0.07%
2023-03-15	B. Riley Wealth Advisors, Inc.	reduced	-48.05	-1,906,020	2,098,980	0.06%
2023-03-13	Claro Advisors LLC	reduced	-5.59	-19,601	297,399	0.10%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-13.7	-11,946,600	80,481,400	0.09%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-0.2	213,000	30,663,000	0.15%
2023-03-03	TIAA, FSB	reduced	-10.96	-46,863	414,137	-%
2023-03-02	LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA	new	-	464,659	464,659	0.01%

Latest Funds Activity

Are funds buying STZ calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own STZ

No. of Funds

Constellation Brands News

Schedule 13G FIlings of Constellation Brands

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2023	capital world investors	3.6%	6,689,970	SC 13G/A
Feb 09, 2023	blackrock inc.	6.1%	11,165,311	SC 13G/A
Feb 09, 2023	vanguard group inc	7.07%	13,050,430	SC 13G/A
Dec 02, 2022	sands richard et al	13.8%	25,425,598	SC 13D/A
Nov 16, 2022	sands richard et al	13.8%	25,425,598	SC 13D/A
Nov 14, 2022	sands richard et al	15.8%	29,125,600	SC 13D/A
Jul 01, 2022	sands richard et al	4.1%	6,524,796	SC 13D/A
Apr 04, 2022	sands richard et al	4.0%	6,524,796	SC 13D/A
Feb 11, 2022	capital world investors	5.4%	8,826,374	SC 13G
Feb 09, 2022	vanguard group inc	7.48%	12,287,936	SC 13G/A

STZ Fair Value

Recent SEC filings of Constellation Brands

View All Filings

Date Filed	Form Type	Document
Feb 23, 2023	8-K	Current Report
Feb 13, 2023	SC 13G/A	Major Ownership Report
Feb 09, 2023	SC 13G/A	Major Ownership Report
Feb 09, 2023	SC 13G/A	Major Ownership Report
Feb 02, 2023	8-K	Current Report
Feb 01, 2023	8-K	Current Report
Feb 01, 2023	424B2	Prospectus Filed
Jan 30, 2023	FWP	Prospectus Filed
Jan 30, 2023	8-K	Current Report
Jan 30, 2023	424B3	Prospectus Filed

Latest Insider Trading transactions for STZ

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2022-11-30	A&Z 2015 BUSINESS HOLDINGS LP	sold	-	-	-8,031,430	-
2022-11-30	Carey Kaneenat Kristann	acquired	-	-	978	evp & chief hr officer
2022-11-30	Carey Kaneenat Kristann	sold	-245,292	250	-978	evp & chief hr officer
2022-11-21	Sabia James A. Jr.	acquired	-	-	4,165	evp & pres. beer
2022-11-21	Sabia James A. Jr.	sold	-1,042,230	250	-4,165	evp & pres. beer
2022-11-14	RHT 2015 BUSINESS HOLDINGS LP	sold	-239,060,000	239	-1,000,000	-
2022-11-14	SANDS RICHARD	sold	-884,522,000	239	-3,700,000	-
2022-11-14	RES Business Holdings LP	sold	-55,780,800	239	-233,334	-
2022-11-14	STERN ZACHARY M	sold	-294,840,000	239	-1,233,330	-
2022-11-14	RCT 2015 BUSINESS HOLDINGS LP	sold	-147,420,000	239	-616,667	-

About Constellation Brands

William A. Newlands

www.cbrands.com

10000

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. It provides beer primarily under the Corona Extra, Corona Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands. The company offers wine under the 7 Moons, Cook's California Champagne, Cooper & Thief, Crafters Union, Kim Crawford, Meiomi, Mount Veeder, Ruffino, SIMI, The Dreaming Tree, Charles Smith, The Prisoner Wine Company, Robert Mondavi, My Favorite Neighbor, and Schrader; and spirits under the Casa Noble, Copper & Kings, High West, Mi CAMPO, Nelson's Green Brier, and SVEDKA brands. It provides its products to wholesale distributors, retailers, on-premise locations, and state alcohol beverage control agencies. Constellation Brands, Inc. was founded in 1945 and is headquartered in Victor, New York.

STZ Income Statement

2022-11-30

Consolidated Statements of Comprehensive Income (Loss) - USD ($) shares in Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Nov. 30, 2022	Nov. 30, 2021	Nov. 30, 2022	Nov. 30, 2021
Sales	$ 2,624.6	$ 2,507.0	$ 8,029.6	$ 7,260.3
Excise taxes	(188.1)	(186.4)	(574.8)	(542.1)
Net sales	2,436.5	2,320.6	7,454.8	6,718.2
Cost of product sold	(1,209.6)	(1,094.9)	(3,647.0)	(3,143.5)
Gross profit	1,226.9	1,225.7	3,807.8	3,574.7
Selling, general, and administrative expenses	(480.2)	(385.8)	(1,431.6)	(1,254.6)
Impairment of brewery construction in progress	0.0	0.0	0.0	(665.9)
Operating income (loss)	746.7	839.9	2,376.2	1,654.2
Income (loss) from unconsolidated investments	(37.2)	(171.8)	(1,944.2)	(1,541.8)
Interest expense	(98.7)	(88.0)	(281.5)	(270.5)
Loss on extinguishment of debt	0.0	0.0	(23.3)	(29.4)
Income (loss) before income taxes	610.8	580.1	127.2	(187.5)
(Provision for) benefit from income taxes	(131.1)	(99.3)	(388.9)	(217.1)
Net income (loss)	479.7	480.8	(261.7)	(404.6)
Net (income) loss attributable to noncontrolling interests	(12.0)	(10.0)	(32.3)	(31.2)
Net income (loss) attributable to CBI	467.7	470.8	(294.0)	(435.8)
Comprehensive income (loss)	643.1	130.0	(32.8)	(708.6)
Comprehensive (income) loss attributable to noncontrolling interests	(20.9)	8.1	(49.4)	(14.8)
Comprehensive income (loss) attributable to CBI	622.2	138.1	(82.2)	(723.4)
Class A Stock
Net income (loss) attributable to CBI	$ 426.3	$ 417.4	$ (247.3)	$ (386.9)
Net income (loss) per common share attributable to CBI:
Net income (loss) per common share attributable to CBI - basic (in dollars per share)	$ 2.58	$ 2.53	$ (1.48)	$ (2.31)
Net income (loss) per common share attributable to CBI - diluted (in dollars per share)	$ 2.52	$ 2.48	$ (1.48)	$ (2.31)
Weighted average common shares outstanding:
Weighted average common shares outstanding - basic (in shares)	166,677	164,999	164,573	167,692
Weighted average common shares outstanding - diluted (in shares)	185,291	189,939	164,573	167,692
Cash dividends declared per common share:
Cash dividends declared per common share (in dollars per share)	$ 0.80	$ 0.76	$ 2.40	$ 2.28
Class B Stock
Net income (loss) attributable to CBI	$ 41.4	$ 53.4	$ (46.7)	$ (48.9)
Net income (loss) per common share attributable to CBI:
Net income (loss) per common share attributable to CBI - basic (in dollars per share)	$ 1.78	$ 2.30	$ (2.01)	$ (2.10)
Net income (loss) per common share attributable to CBI - diluted (in dollars per share)	$ 1.78	$ 2.29	$ (2.01)	$ (2.10)
Weighted average common shares outstanding:
Weighted average common shares outstanding - basic (in shares)	23,206	23,222	23,206	23,230
Weighted average common shares outstanding - diluted (in shares)	23,206	23,222	23,206	23,230
Cash dividends declared per common share:
Cash dividends declared per common share (in dollars per share)	$ 0.72	$ 0.69	$ 2.16	$ 2.07

STZ Balance Sheet

2022-11-30

Consolidated Balance Sheets - USD ($) $ in Millions	Nov. 30, 2022	Feb. 28, 2022
Current assets:
Cash and cash equivalents	$ 185.0	$ 199.4
Accounts receivable	921.0	899.0
Inventories	1,802.0	1,573.2
Prepaid expenses and other	617.9	658.1
Total current assets	3,525.9	3,329.7
Property, plant, and equipment	6,523.8	6,059.6
Goodwill	7,896.6	7,862.4
Intangible assets	2,741.5	2,755.2
Equity method investments	771.4	2,688.7
Securities measured at fair value	95.0	191.4
Deferred income taxes	2,241.7	2,351.5
Other assets	667.1	617.3
Total assets	24,463.0	25,855.8
Current liabilities:
Short-term borrowings	875.6	323.0
Current maturities of long-term debt	9.6	605.3
Accounts payable	1,008.1	899.2
Other accrued expenses and liabilities	831.7	871.3
Total current liabilities	2,725.0	2,698.8
Long-term debt, less current maturities	11,287.1	9,488.2
Deferred income taxes and other liabilities	1,734.2	1,621.0
Total liabilities	15,746.3	13,808.0
Commitments and contingencies
CBI stockholders’ equity:
Additional paid-in capital	1,883.6	1,808.9
Retained earnings	12,267.8	14,505.4
Accumulated other comprehensive income (loss)	(200.9)	(412.7)
Total stockholders’ equity before treasury stock adjustments	13,952.6	15,903.8
Less: Treasury stock –	(5,563.1)	(4,171.9)
Total CBI stockholders’ equity	8,389.5	11,731.9
Noncontrolling interests	327.2	315.9
Total stockholders’ equity	8,716.7	12,047.8
Total liabilities and stockholders’ equity	24,463.0	25,855.8
Class A Stock
CBI stockholders’ equity:
Common stock, value	2.1	1.9
Less: Treasury stock –	$ (5,563.1)	$ (4,169.7)
Treasury stock, at cost (in shares)	28,175,566	22,824,607
Common stock, shares authorized (in shares)	322,000,000	322,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares issued (in shares)	212,667,148	187,263,859
Class B Stock
CBI stockholders’ equity:
Common stock, value	$ 0.0	$ 0.3
Less: Treasury stock –	$ 0.0	$ (2.2)
Treasury stock, at cost (in shares)	0	5,005,800
Common stock, shares authorized (in shares)	0	30,000,000
Common stock, par value (in dollars per share)		$ 0.01
Common stock, shares issued (in shares)	0	28,212,340