Últimas noticias sobre Constellation Brands (NYSE:STZ) Bolsa

Constellation Brands

Constellation Brands is the largest provider of alcoholic beverages across the beer, wine, and spirits categories in the us, generating 80% of revenue from Mexican beer imports under top-selling brands such as Modelo and Corona. The rest of the business includes some remaining wine and spirits brands, categories where the company continue to prune assets in recent years. With its exclusive rights tied to the Mexican beer brands effective only in the us, the firm has small revenue exposure to international markets. Constellation owns a 36% stake in no-moat Canopy Growth, a medicinal and recreational cannabis producer in Canada, and has a 50/50 joint venture with glass manufacturer Owens-Illinois in Mexico.

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The International Longshoremen's Association (ILA)<a href="https://www.benzinga.com/news/24/09/40906726/us-port-strike-in-october-could-lead-to-major-supply-chain-disruptions-says-container-trade-expert"> initiated a strike earlier this week amid ongoing negotiations</a> regarding wage increases and protections against automation and AI. The strike, if prolonged, could lead to supply constraints which may cause prices to rise, economists warn. These are the sectors that could be the most impacted by the strike:
Food and Beverage: The dozen or so U.S. ports affected by the strike import nearly $100 million a month of beverages and vinegar, according to a <a href="https://www.washingtonpost.com/business/2024/10/02/port-strike-shortages-food-cars-alcohol/">report</a> from the Washington Post. According to the American Farm Bureau Federation via the Washington Post, 80% of all imported beer, whiskey, scotch and more come through the ports will be impacted by the strike.
Constellation Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>), the maker of Modelo, is one of the companies that imports the most beer to the U.S., although Constellation may be able to avoid disruptions caused by the port through ground transportation from Mexico. Heineken NV (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HEINY#OTC">HEINY</a>) and other European beverage companies may feel more of the strike&#8217;s affects. Read Also: <a href="https://www.benzinga.com/news/24/10/41111978/dockworkers-strike-will-it-impact-your-holiday-shopping">Dockworkers Strike: Will It Impact Your Holiday Shopping? </a><a href="https://www.benzinga.com/news/24/10/41111978/dockworkers-strike-will-it-impact-your-holiday-shopping"> </a>Automotive And Car Parts: One of the most impacted sectors from the longshoremen strike is expected to be the automotive and car parts space. According to the Washington Post, the U.S. ports import more than half a billion dollars worth of cars and car parts every month. The auto industry already saw disruptions in its supply chain earlier this year when the Francis Scott Key bridge collapsed in Baltimore, hindering shipments through one of the country's largest ports. Companies that rely on importing car parts, such as AutoZone Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) and O'Reilly Automotive Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>), could also see operations disrupted by the strike. Construction: Machinery and construction equipment account for more than $670 million in monthly imports through the dozen or so impacted ports, according to the Washington Post. Homebuilders such as DR Horton Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>), Lennar Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) and others could see operations delayed if the strike is prolonged. Overall, the strike could lead to price increases and supply constraints across multiple sectors if it persists beyond a couple of weeks. In addition to the strike, flooding and storm damage from Hurricane Helene could also disrupt supply chain operations in North Carolina and other southeastern states. Keep Reading: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41122944/east-coast-dockworkers-strike-how-labor-dispute-impacts-economy-logistics-companies">East Coast Dockworkers Strike: How Labor Dispute Impacts Economy, Logistics Companies</a>
Photo: Engin Akyurt from Pixabay.<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41122944/east-coast-dockworkers-strike-how-labor-dispute-impacts-economy-logistics-companies"> </a><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41122944/east-coast-dockworkers-strike-how-labor-dispute-impacts-economy-logistics-companies"> </a>

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Beer Shortage Ahead? 3 Products That Will Be Most Impacted By Port Strike

Barclays analyst Lauren Lieberman maintains Constellation Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) with a Overweight and raises the price target from $295 to $309.

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Barclays Maintains Overweight on Constellation Brands, Raises Price Target to $309

RBC Capital analyst Nik Modi reiterates Constellation Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) with a Outperform and maintains $308 price target.

Reiteration

RBC Capital Reiterates Outperform on Constellation Brands, Maintains $308 Price Target

UBS analyst Peter Grom maintains Constellation Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) with a Buy and lowers the price target from $320 to $295.

UBS Maintains Buy on Constellation Brands, Lowers Price Target to $295

Roth MKM analyst Bill Kirk maintains Constellation Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) with a Buy and lowers the price target from $303 to $298.

Roth MKM Maintains Buy on Constellation Brands, Lowers Price Target to $298

JP Morgan analyst Andrea Teixeira maintains Constellation Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) with a Overweight and lowers the price target from $320 to $307.

JP Morgan Maintains Overweight on Constellation Brands, Lowers Price Target to $307

Constellation Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) shares are<a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener"> trading higher on Tuesday.</a>
Constellation Brands has revised its FY25 comparable EPS forecast to $13.60 &#8211; $13.80, compared to the previous forecast of $13.50 &#8211; $13.80. This is compared to <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">the $13.70 estimate.</a>
Constellation Brands projects FY25 reported EPS in the range of $3.05 &#8211; $7.92, down from the previous forecast of $14.63 &#8211; $14.93 and well below the $14.62 estimate.
The company anticipates a hefty non-cash goodwill impairment loss of around $1.5 billion to $2.5 billion for its Wine and Spirits division in the second quarter of fiscal 2025, which is factored into the revised reported&nbsp;EPS outlook.
The company also revised its Enterprise net sales growth forecast to 4% &#8211; 6% (from 6% &#8211; 7% prior), citing incremental macroeconomic headwinds affecting consumers, particularly unemployment and prolonged inventory destocking in wine and spirits markets.
The company updated Beer net sales growth to 6% &#8211; 8%&nbsp;(from 7% &#8211; 9% prior) and Wine and Spirits net sales outlook to (6)% &#8211; (4)% (from (0.5)% &#8211; 0.5% prior).
&#8220;While ongoing macroeconomic headwinds, particularly rising unemployment, have led to a recent deceleration in the rate of growth of consumer demand for our products, we are on track to deliver a solid mid single-digit volume increase this fiscal year for our Beer Business,&#8221; said Constellation Brands President and Chief Executive Officer Bill&nbsp;Newlands.
&#8220;These trends have been most notable in the top five states for our Beer Business, which account for just over half of our volumes; however, we continue to see volume growth within the low to mid single-digit range in these states and within the high single-digit range on average across the rest of the country.&#8221;
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/23/05/32347463/steris-delivered-strong-q4-performance-but-analyst-call-fy24-outlook-mixed" rel="noreferrer noopener">Steris Delivered Strong Q4 Performance, But Analyst Call FY24 Outlook Mixed</a>
The CEO noted that improvements from earlier initiatives benefit major brands in the Wine and Spirits sector, although category challenges continue to impact the fiscal year outlook.
Despite these challenges, the company has outpaced the CPG sector growth by nearly 3 percentage points in dollar sales and its Beer Business has achieved notable gains, including being the top dollar share gainer in its category and the third largest in the Beverage industry.
RBC Capital analyst Nik Modi reaffirms Constellation Brands with an Outperform rating and maintains a $308 price target.
Price Action: STZ shares are sharing higher by 3.08% to $248.12 at last check Tuesday.
Photo: Engin Akyurt from Pixabay.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/09/40669363/teslas-china-rivals-report-steady-august-sales-performance-amid-intense-price-competition-what-i" target="_blank" rel="noreferrer noopener">Tesla's China Rivals Report Steady August Sales Performance Amid Intense Price Competition: What Investors Should Know</a></li>
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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What's Going On With Constellation Brands Stock Today?

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Watching Molson Coors Beverage Company, Shares See A  4% Pop To The Upside; Competitor Constellation Brands Now Presenting At The Barclays Global Consumer Staples Conference

Constellation Brands Sees FY25 Comparable EPS Of $13.60 - $13.80 Vs $13.70 Estimate, Revised From $13.50 - $13.80 Prior

Updates reported EPS guidance to $3.05 - $7.92 and raises lower-end of comparable EPS guidance to&nbsp; $13.60 - $13.80, affirming double-digit comparable EPS growth expectation (1)
Updates Enterprise net sales growth to 4% - 6%, reported operating income decline to (68)% - (36)% including an expected Wine and Spirits goodwill impairment loss of approximately $1.5 - $2.5 billion(2), and comparable operating income growth to 8% - 9%
Updates Beer net sales growth to 6% - 8% and raises Beer operating income growth to 11% - 12%, at higher-end of initial range, and updates Wine and Spirits net sales and operating income declines to (6)% - (4)% and (18)% - (16)%, respectively

CORRECTION: Constellation Brands Sees FY25 Reported EPS $3.05-$7.92 Vs $14.62 Estimate, Revised From $14.63 - $14.93 Prior

Morgan Stanley analyst Dara Mohsenian maintains Constellation Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) with a Overweight and lowers the price target from $305 to $280.

Morgan Stanley Maintains Overweight on Constellation Brands, Lowers Price Target to $280

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Elliott Investment Management Q2 2024 13F Exited Positions Include 507K Constellation Brands Shares, 4.1M Endeavor Group Shares, 1.05M VNQ Calls, 3.74M Peabody Energy Shares, 296K iShares Bitcoin Trust Shares, 5K NVIDIA Shares, And 1.12M Polestar Automotive Shares

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Shares of companies within the broader consumer discretionary sector are trading lower amid overall market weakness following US economic concerns. An economic slowdown could impact consumer spending.

Constellation Brands's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) short percent of float has fallen 7.05% since its last report. The company recently reported that it has 2.54 million shares sold short, which is 1.45% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.66 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Constellation Brands Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722630615_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Constellation Brands has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Constellation Brands's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Constellation Brands's peer group average for short interest as a percentage of float is 8.54%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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Peering Into Constellation Brands's Recent Short Interest

Barclays analyst Lauren Lieberman maintains Constellation Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) with a Overweight and raises the price target from $287 to $295.

Barclays Maintains Overweight on Constellation Brands, Raises Price Target to $295

Before the markets opened on Thursday. PepsiCo Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pep#NASDAQ">PEP</a>) issued its second quarter financials. While earnings surpassed Wall Street estimates, revenue came short as&nbsp;its three North American business units reported a declining volume.&nbsp;In addition, Pepsi was more cautious with its full-year sales outlook. As a result, its&nbsp;shares were down 1.7% during premarket trading.
One of its rivals one the global snacks and beverages front, Mondelez International (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mdlz#NASDAQ">MDLZ</a>) is scheduled to announce its fiscal second quarter earnings on Thursday, July 25th. Over the last four quarters, Mondelez has consecutively surpassed earnings estimates. But Mondelez, known as the Oreo and Cadbury maker, was also fined $366 million a month ago for rigging European markets. More precisely, the EU regulators found that since 2016, Mondelez has been&nbsp;hindering the trade of chocolate, cookies and coffee between European Union countries in order maintain high prices of its products. Mondelez has been deliberately limiting cross-border sales within the EU, abusing its dominant position. Responding to the commission who found its illegal practices&nbsp;prevented retailers from being able to freely source products in the EU member states with lower prices, Mondelez spokesperson stated that the penalty related to isolated incidents which were&nbsp;remedied before the commission started the investigation.
Another industry peer, Constellation Brands Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/stz#NYSE">STZ</a>) reported its May quarter financials.&nbsp;&nbsp;Constellation Brands continued to beat profit estimates despite delivering a mixed report. Unlike PepsiCo, Constellation Brands reported beer that had its fourteenth consecutive quarter of growth with demand rising 8.3% due to wider consumption. However, Constellation Brands is also struggling with a weakness on one of its fronts, namely wine and spirits whose sales contracted by 5.1% YoY. Fortunately for Constellation, the sluggish demand from wines and spirits was compensated by consumers switching to beer. The beer business made more than 80% of the latest quarter&rsquo;s revenue that Constellation Brands reported.
<h3>PepsiCo&rsquo;s Second Quarter Highlights</h3>
For the quarter ended on June 15th, PepsiCo reported net sales rose almost 1% to $22.5 billion, which was short of LSEG&rsquo;s estimate of&nbsp;$22.57 billion. Fueled by international operations, organic revenue that excludes acquisitions, divestitures and currency changes, actually grew 1.9%.
But net income attributable to the company amounted to $3.08 billion&nbsp;or $2.23 per share, rising from last year&rsquo;s comparable quarter when PepsiCo earned&nbsp;$2.75 billion, or $1.99 per share. When adjusted, earnings per share amounted to $2.28, surpassing LSEG&rsquo;s estimate of&nbsp;$2.16.
Pepsi got&nbsp;hurt by declining demand at its home market.
In North America,&nbsp;financials were hurt&nbsp;by safety product recalls and shrinking product demand as years of price increases led consumers to buy fewer of PepsiCo&rsquo;s products and switch to cheaper alternatives. Frito-Lay North America, the company&rsquo;s second largest business after the beverages unit, reported a volume decrease of 4%,&nbsp;while the&nbsp;beverage unit reported a decrease of 3%. Quaker Foods North America continues to deal with food safety recalls for potential salmonella contamination that was issued in December and January, with its volume shrinking by 17%.&nbsp;
<h3>A More Cautious Outlook&nbsp;</h3>
While PepsiCo previously guided for organic revenue growth of at least 4%, it now expects approximately 4%. But it reiterated its core constant currency earnings growth outlook of at least 8%.
On a brighter note, international demand remained strong despite the price increases. But in the U.S., its largest market, PepsiCo is facing increased competition from private-label brands.&nbsp;
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

MDLZ

Pepsi Reported Rising Profits But Demand Continues To Shrink At Its Home Market

Breweries in Minneapolis now offer hemp-derived, THC-infused drinks on tap, thanks to a new Minnesota law effective July 1. This change allows taprooms to serve these drinks on tap, not only in cans, provided they display the required label information.
Dan Schnabel, taproom manager at Headflyer Brewing, told CBS that his team anticipated the statute change and quickly adapted. &quot;Having it on tap gives us so many different options for our consumers to taste it, to try it, to enjoy one while they&#39;re here on site,&quot; Schnabel said.
<h2>Regulations Made It Possible</h2>
This development follows the legalization of <a href="https://www.benzinga.com/topic/hemp">THC edibles</a> derived from hemp two years ago, which are capped at 5 milligrams per serving and 50 milligrams per package. Last summer, liquor stores began selling these products, accompanied by a 10% gross receipts sales tax.
The state collected over $11.5 million in revenue from July through May, according to the Minnesota Department of Revenue.
<h3>Positive Impact On Local Businesses</h3>
Schnabel noted the positive impact on business, especially for customers seeking alternatives to beer. He also observed growing interest and expanding distribution. As the state prepares for <a href="https://www.benzinga.com/markets/cannabis/24/07/39627110/minnesota-ag-ellison-asks-judge-to-dismiss-lawsuit-by-cannabis-home-growers-who-want-to-sell-the">legal marijuana sales</a> next year, the cannabis market is poised for further growth.
The new Office of Cannabis Management reports nearly 3,900 businesses selling hemp-derived products, though only 1,873 have paid the gross receipts tax due to various exemptions and non-compliance issues.
CBS <a href="https://www.cbsnews.com/minnesota/news/new-minnesota-law-allows-breweries-to-sell-hemp-thc-infused-drinks-on-tap/?utm_source=www.cultivated.news&amp;utm_medium=newsletter&amp;utm_campaign=minnesota-says-yes-to-hemp-infused-drinks-at-breweries">reported</a>&nbsp;that with legal marijuana sales imminent, including a 10% gross receipts tax, Minnesota&#39;s market is expected to reach $1.5 billion in annual sales by the decade&#39;s end, according to Vicente LLP.
Read Also:&nbsp;<a href="https://www.benzinga.com/markets/cannabis/24/07/39667592/4-3b-in-soft-drinks-carlsberg-acquires-britvic-in-bold-move-amid-cannabis-market-growth">$4.3B In Soft Drinks: Carlsberg Acquires Britvic In Bold Move Amid Cannabis Market Growth</a>
<h2>What&#39;s&nbsp;Behind The Hemp Hype?</h2>
Recent financial data from Beacon Securities highlights the rapid growth of the cannabis industry compared to major players in alcohol, tobacco&nbsp;and consumer packaged goods (CPG). Companies like<a href="https://www.benzinga.com/general/biotech/24/05/38802478/coca-cola-pepsico-and-nestl-are-top-plastic-polluters-is-hemp-the-answer-to-nanoplastics-in-the-o"> Coca-Cola</a> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ko#NYSE">KO</a>), Marlboro (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mo#NYSE">MO</a>), and Budweiser (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bud#NYSE">BUD</a>) are set to be outpaced by cannabis.
<h3>Growth Prospects</h3>
The 2023-2025 EBITDA Compound Annual Growth Rate (CAGR) reveals growth expectations:<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39196475/why-financial-firm-jefferies-sees-value-in-green-thumb-boston-beer-merger"> Alcohol</a>: 6%, Tobacco: 1%, CPG: 6%, Canadian Licensed Producers (LP): 65%, and U.S. Operators: 42%. The cannabis industry shows much <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39469809/cannabis-vs-coca-cola-and-marlboro-marijuana-market-growth-outpaces-alcohol-tobacco">higher growth potential</a> despite lower EV/Sales ratios.
<h3>Changing Consumption Patterns</h3>
For the first time, daily cannabis consumption in the U.S. has surpassed daily alcohol use. A 2024 study revealed that 17.7 million Americans reported using marijuana daily or near-daily in 2022, compared to 14.7 million daily or near-daily alcohol consumers.
This shift underscores the growing market potential for non-alcoholic cannabis products as more consumers opt for healthier and socially acceptable alternatives to alcohol.
<h3>Federally Legal</h3>
Hemp-based cannabis beverages, capitalizing on their federally legal status under the<a href="https://www.benzinga.com/markets/cannabis/24/05/38596465/hemp-advocates-rejoice-as-senate-dems-push-to-lift-felony-ban-in-2024-farm-bill-proposal"> 2018 Farm Bill</a>, present a promising alternative to alcohol. These beverages appeal to a broad market by offering customizable <a href="https://www.benzinga.com/markets/cannabis/24/04/38528176/thc-beverage-sector-is-probably-bigger-than-we-realize-say-industry-experts-and-its-not-too-late">non-alcoholic options</a> that deliver a mild buzz without alcohol&#39;s adverse effects.
Some alcohol companies investing in cannabis include Constellation Brands (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/stz#NYSE">STZ</a>) and Molson Coors (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tap#NYSE">TAP</a>), while cannabis companies like Tilray (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tlry#NASDAQ">TLRY</a>) have ventured into the alcohol industry by acquiring Montauk Brewing Company.
Read Next:&nbsp;<a href="https://www.benzinga.com/markets/cannabis/24/06/39368875/cannabis-found-less-harmful-than-alcohol-in-new-study-where-is-the-demand-heading-investor-marke">Cannabis Found Less Harmful Than Alcohol In New Study: Where Is The Demand Heading? Investor Market Tips</a>
These issues will be a hot topic&nbsp;at the upcoming Benzinga Cannabis Capital Conference in Chicago this Oct. 8-9. Join us to get more insight into what the wave of weed legalization means for the future of investing in the&nbsp;industry. Hear directly from top executives, investors, advocates, and policymakers.&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" rel="noreferrer noopener" target="_blank">Get your tickets now</a>&nbsp;before prices go up by following&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" rel="noreferrer noopener" target="_blank">this link</a>.
Photo: AI-Generated Image.&nbsp;

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Hold My Beer: Breweries Offer THC On Tap In Minnesota, What Investors Need To Know

Constellation Brands's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) short percent of float has fallen 11.33% since its last report. The company recently reported that it has 3.17 million shares sold short, which is 1.8% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.82 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Constellation Brands Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720463417_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Constellation Brands has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Constellation Brands's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Constellation Brands's peer group average for short interest as a percentage of float is 7.54%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into Constellation Brands's Recent Short Interest

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Wall Street Breakfast: The Week Ahead

Earnings week ahead: Nike, Carnival, Constellation Brands, and more

This week, several major companies will be reporting earnings. Among them are Nike (NKE), Carnival (CCL), Constellation Brands (STZ), Conagra Brand...

Options Volatility and Implied Earnings Moves This Week, September 30 – October 04, 2024

Constellation Brands ($STZ) is set to release its second quarter of Fiscal 2025 financials on October 3. Wall Street analysts expect the company to...

Constellation Brands (STZ) Q2 Pre-Earnings: Here's What to Expect

RBC Capital analyst Nik Modi maintained a Buy rating on Constellation Brands (STZ – Research Report) today and set a price target of $308.00. The c...

RBC Capital Sticks to Its Buy Rating for Constellation Brands (STZ)

Constellation Brands ( ($STZ) ) has issued an update. Constellation Brands, Inc. has announced a quarterly cash dividend for its shareholders, with...

Constellation Brands Announces Upcoming Quarterly Dividends

Constellation Brands Q2 2025 Earnings Preview

Here's the major earnings before the open tomorrow

ADVM

AFRM

AIXI

ANGO

APLS

APOG

BABA

CALM

CAPR

CARM

COST

DADA

EDIT

EYPT

HRMY

HTLD

IBATF

INFN

LCID

LEVI

LFCR

MESA

MLEC

NDSN

NEOV

NNDM

ODFL

PAYX

PLUG

POCI

PROK

RGNX

RIVN

SAIA

SARO

SAVA

SBUX

SHOP

SITC

SMCI

SOUN

SSNLF

STBX

TECX

TRAK

TSLA

UNFI

VLGEA

VRAR

WKEY

WKHS

XPEV

Press Releases

Constellation Brands to Present at the Bernstein 40th Annual Strategic Decisions Conference on Wednesday, May 29, 2024

Constellation Brands Announces Updated Time of Presentation at the Bernstein 40th Annual Strategic Decisions Conference on Wednesday, May 29, 2024

Ascend Wellness Holdings Announces Appointment of Julie Francis to Board of Directors

Constellation Brands to Report First Quarter Fiscal 2025 Financial Results;  Host Conference Call July 3, 2024

TOPIKOS Spirit & Beverage Co. announces partnership with Constellation Brands Inc., expanding its portfolio with premium offerings

Earnings

Constellation Brands Reports First Quarter Fiscal 2025 Financial Results

Constellation Brands to Present at the 2024 Barclays Global Consumer Staples Conference on Tuesday, September 3, 2024

Constellation Brands to Report Second Quarter Fiscal 2025 Financial Results;  Host Conference Call October 3, 2024

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