Constellation Brands, Inc. (STZ), with a market capitalization of approximately $23.2 billion, is a leading international producer and marketer of beer, wine, and spirits. The Rochester, New York-based company’s portfolio includes Corona, Modelo, Pacifico, and Victoria beers, along with premium wine and craft spirits brands. The company operates across the U.S., Mexico, New Zealand, and Italy.
Shares of the beverage alcohol giant have considerably underperformed the broader market over the past year. STZ has declined 17.9% over this period, while the broader S&P 500 Index ($SPX) has advanced 18.3%. On a year-to-date basis, STZ has also continued to underperform, declining marginally, compared with the index’s 11.8% gain over the same period.
