STZ Stock Recent News

Investors cannot deny that many high-profile stocks, and the market in general, are again on the rise. Amid stock gains, several companies have made plans to launch IPOs, and indexes such as the S&P 500 (^GSPC -0.33%) and Nasdaq Composite (^IXIC -0.22%) have recently closed at record highs.

Wall Street analysts recently boosted their price targets on one of Warren Buffett's multi-billion-dollar stock picks, Constellation Brands NYSE: STZ. According to Berkshire Hathaway's NYSE: BRK.B latest 13F filing, it owned just over 12 million shares of Constellation as of March 31.

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It's nice to have cash deposited automatically deposited into your investment account on a regular basis. The S&P 500 (^GSPC -0.79%) includes some of the largest and best businesses in the world, and many of these companies can make solid income investments.

If there is any holiday celebrated in the United States that is among the favorites of all citizens, it must be the 4th of July.

The prices of beer, outdoor folding chairs and grilling tools may be more expensive at Fourth of July barbeques this year, according to a congressional report. The total cost of a typical grocery trip for a cookout has increased by a 12.7% annualized rate since President Donald Trump's sweeping tariff announcement in April, according to the analysis.

Corona and Modelo brewer Constellation Brands Inc (NYSE:STZ) reported a 2% drop in beer sales during its latest quarter due to reduced consumer spending among Hispanic customers after a step up in US Immigration and Customs Enforcement deportations, along with wider economic concerns. ICE activity was affecting consumer behaviour, chief executive Bill Newlands said on an earnings call, with Hispanic consumers "not going out to eat as much as they had [and] they're having less social occasions at home.

Constellation Brands (STZ 4.55%) recorded a double miss with its latest earnings report, published after market close Tuesday. Investors were clearly in a forgiving mood, however, as they traded up the adult beverage company's shares by almost 5% the following day.

President Donald Trump's hardline immigration policy is still hurting Constellation Brands' beer sales as Hispanic shoppers pull back their spending. The brewer, which owns Modelo, Corona and Pacifico, says that roughly half of its beer sales come from U.S. Latinos.

Despite a slight dip in overall sales, Constellation Brands, Inc.'s STZ recent fiscal first-quarter results highlight the resilience of its beer segment, driven by impressive gross margins. This performance and cost efficiencies have allowed the company to reaffirm its full-year guidance even amidst a challenging market.