Rochester, New York-based Constellation Brands, Inc. (STZ) is a leading producer and marketer of premium alcoholic beverages, best known for its portfolio of high-end beer, wine, and spirits. Valued at a market cap of $22.8 billion, the company holds exclusive U.S. rights to top beer brands such as Corona, Modelo, and Pacifico.
Shares of this alcoholic beverages producer have significantly lagged behind the broader market over the past 52 weeks. STZ has declined 46% over this time frame, while the broader S&P 500 Index ($SPX) has gained 12.3%. Moreover, on a YTD basis, the stock is down 41.3%, compared to SPX’s 12.5% uptick.
