Constellation Brands, IncNYSE: STZ
Consumer Staples · Distillers & Vintners
$149.49
-0.89%
Vol: 81K
Research Digest
Monday, June 15, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21TD Cowen upgraded Constellation Brands to Buy with $190 PT; Citi added 90-day upside catalyst watchPositive▶
STZ closed May 20 at $151.18 (up 3.22%) after TD Cowen upgraded the stock to Buy from Hold with a $190 PT, up from $142. Citi separately opened a 90-day upside catalyst watch with a $185 PT, maintaining Buy. On May 4 the company priced $500M of 4.850% Senior Notes due 2031 to fund the May 18 redemption of $600M in 3.700% Senior Notes due 2026. The company also disclosed plans to close the former Ravenswood/Quarry Lake Winery in Sonoma on June 25 with 7 layoffs. Risk: fiscal 2026 organic sales fell 10% with beer down 3% and wine/spirits down 14%, so the bull case relies on margin recovery and new brewery output beating depressed expectations.
May 20Constellation Brands redeemed $600M of 2026 notes May 18 and issued $500M of 2031 notes; TD Cowen upgraded to Buy with $190 targetPositive▶
Constellation Brands completed full redemption of all $600M outstanding 3.700% Senior Notes due 2026 on May 18, 2026 (notice given May 6). On May 4, the company priced a public offering of $500M of 4.850% Senior Notes due 2031 at 99.943% of principal, with proceeds (plus commercial paper and cash) funding the redemption. Analyst sentiment improved sharply: TD Cowen upgraded STZ to Buy from Hold with a price target of $190 (raised from $142), and Citi opened a 90-day upside catalyst watch with a Buy rating and $185 target. EVP James Bourdeau sold 4,407 shares on May 12. The 12-month consensus price target is $177.55, implying ~21% upside, as analysts cite signs of stabilization in the beer segment.
May 19Citi opened a 90-day upside catalyst watch on Constellation Brands on May 18-19, 2026, reiterating a Buy rating and $185 price target.Positive▶
On May 18, 2026, Citi initiated a 90-day 'upside catalyst watch' on Constellation Brands (STZ), maintaining its Buy rating with a $185 price target as analysts see scope for re-rating from current depressed levels around $142. The move follows a recent TD Cowen upgrade to Buy with a $190 target (up from $142), reflecting renewed conviction that the company's beer segment is stabilizing after a difficult stretch. Constellation also completed the $600M redemption of its 3.700% Senior Notes due 2026 on May 18, funded by the May 4 issuance of $500M of 4.850% Senior Notes due 2031. The dual catalysts of analyst upgrades and a cleaner debt maturity profile improve the near-term setup. The risk is continued softness in beer category volumes and ongoing margin pressure from tariffs on Mexican imports.
May 18Constellation Brands to redeem $600M of 3.700% Senior Notes on May 18, 2026 funded by $500M new 4.850% 2031 notesMixed▶
Constellation Brands announced on May 6, 2026 a full redemption of $600 million of its 3.700% Senior Notes due 2026, effective May 18, 2026. The redemption is funded by a $500 million issuance of 4.850% Senior Notes due 2031, priced May 4 at 99.943%. EVP James Bourdeau sold 4,407 shares on May 12-13 for about $631,258. Fiscal 2026 organic sales declined about 10% (beer -3%, wine & spirits -14%), and comparable operating margin contracted 180 bps to 32.2%. Analyst average rating is Buy with a 12-month average price target of $175.63.
May 15Constellation Brands prices $500M of 4.850% Senior Notes due 2031 to fund redemption of $600M 3.700% notes due 2026, with insider EVP Bourdeau selling 4,407 shares ($631K) on May 13.Neutral▶
On May 4, 2026, STZ priced a public offering of $500M of 4.850% Senior Notes due 2031 and on May 6 issued notice to redeem all $600M outstanding 3.700% Senior Notes due 2026 on May 18, 2026. EVP and Senior Advisor James O. Bourdeau sold 4,407 shares on May 13, 2026 in a transaction valued at $631,258. The refinancing extends debt maturity and is part of routine liability management following weak fiscal 2026 results showing 10% organic sales decline (beer -3%, wine and spirits -14%). 19 analysts maintain a Buy consensus with a $175.63 price target (~23% upside). Risks remain on continued alcohol consumption headwinds and integration of portfolio actions.
May 14Constellation Brands EVP Bourdeau sold $631K of stock May 12 as shares fell 3.9% on weak sentiment and notes redemption pending May 18Mixed▶
On May 12, EVP James Bourdeau sold 4,407 shares at $143.24 for $631,258. STZ shares fell 3.9% to $142.41 on May 11 amid broader consumer staples weakness. The company will redeem $600M of 3.700% Senior Notes due 2026 on May 18, funded primarily by a recent $500M issuance of 4.850% Senior Notes due 2031. Fiscal 2026 organic sales fell 10% with beer down 3% and wine/spirits down 14%. UBS reiterated Buy with $186 PT; BNP Paribas Exane raised PT to $131 but stayed Underperform. Risk: continued alcohol consumption headwinds.
May 13Constellation Brands shares fell 3.9% to $142.41 on May 11 as the company prepares to redeem $600M of 3.700% Senior Notes due 2026 on May 18, refinanced via $500M of new 4.850% 2031 Notes.Mixed▶
Constellation Brands stock declined 3.9% to $142.41 on May 11, 2026, amid broader concerns about alcohol consumption headwinds. The company is executing a debt refinancing: it priced $500M of 4.850% Senior Notes due 2031 (May 4) to fund the May 18 full redemption of $600M of 3.700% 2026 Notes. Fiscal 2026 organic sales fell 10% (beer -3%, wine and spirits -14%) with comparable operating margin contracting 180bps to 32.2%. Despite the pressure, analyst consensus remains Buy with a 12-month PT of $175.63. Some analysts are upgrading on signs of stabilization in the beer segment.
May 12Constellation Brands shares fell 3.9% to $142.41 on May 11 as the company issued $500M of new 4.85% 2031 notes to redeem $600M of 3.7% 2026 notes on May 18.Mixed▶
Constellation announced full redemption of the remaining $600M of 3.700% Senior Notes due 2026 effective May 18, refinancing with $500M of new 4.850% Senior Notes due 2031 priced at 99.943%. STZ shares fell 3.9% on May 11 to $142.41, with fiscal 2026 organic sales down 10% (beer -3%, wine and spirits -14%) amid alcohol consumption headwinds. The average analyst rating remains Buy with a 12-month target of $175.63. Sentiment is mixed as proactive balance sheet management is offset by ongoing demand softness and a sharp share-price drop.
May 11Constellation Brands prices $500M senior notes to redeem $600M of 2026 maturing notesNeutral▶
On May 6, 2026, Constellation Brands announced full redemption of all outstanding 3.700% Senior Notes due 2026 ($600 million in aggregate principal) to be effected on May 18, 2026. To fund this, on May 4, the company priced $500 million of 4.850% Senior Notes due 2031 at 99.943% of principal, with proceeds combined with commercial paper to redeem the notes. The refinancing extends debt maturity profile. The company also launched Modelo Chelada Suprema, a new high-ABV RTD product. Fiscal 2026 sales dropped 10% organically with beer down 3% and wine and spirits down 14% amid sector headwinds. 19 analysts maintain a Buy consensus with a 12-month price target of $175.63, implying 18.5% upside.
May 8Constellation Brands prices $500M senior notes offering at 4.850% due 2031 to fund May 18 redemption of maturing 3.7% notes.Positive▶
Constellation Brands announced on May 4, 2026, the pricing of a public offering of $500 million in aggregate principal amount of 4.850% Senior Notes due 2031. Net proceeds of approximately $496.6 million will be used to redeem all outstanding $600 million in 3.700% Senior Notes due 2026, effective May 18, 2026. The company continues to benefit from a recent TD Cowen upgrade and has introduced new products including Modelo Chelada Suprema. This refinancing locks in favorable debt management while the company shows stabilization in its beer segment.
May 7Constellation Brands priced $500M senior notes on May 4 and appointed Nicholas Fink as new CEO effective April 13, while withdrawing 2028 guidance amid subdued demand.Mixed▶
Constellation Brands completed a $500 million senior notes offering on May 4, 2026 and announced the acquisition of remaining stake in HOPWTR non-alcoholic brand. New CEO Nicholas Fink took helm on April 13. The company beat Q4 fiscal 2026 estimates but withdrew 2028 guidance citing subdued demand across categories. Analysts maintain Buy rating with $175.63 12-month target, though leadership transition poses execution risks.
May 6Constellation Brands prices $500M notes offering and launches Modelo Chelada Suprema nationwidePositive▶
Constellation Brands priced a public offering of $500M in 4.850% Senior Notes due 2031, with plans to redeem all outstanding 3.700% Senior Notes due 2026 with $600M aggregate principal amount. The company launched Modelo Chelada Suprema nationwide, the first high-ABV entry in the Modelo lineup as a ready-to-drink product. With a market cap of $25.79B, Constellation trades at $149.80 with a P/E ratio of 15.42 and dividend yield of 2.8%. Analysts remain optimistic about its potential with 19 analysts rating the stock a "Buy" and average price target of $175.63, representing 12.27% upside.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| STZCONSTELLATION | $149.49 | -0.89% | +2.2% | 12.1x | 0.42 | $26.0B |
| BF.BBROWN | $27.24 | +4.61% | -0.8% | 15.3x | 0.35 | $11.9B |
| WMTWALMART | $119.55 | -1.48% | -9.0% | 36.8x | 0.65 | $967.2B |
| COSTCOSTCO | $973.70 | -7.31% | -2.4% | 46.6x | 0.91 | $466.0B |
| KOCOCA | $80.93 | -0.30% | -0.0% | 23.3x | 0.36 | $349.2B |
| PGPROCTER | $149.99 | +4.60% | +0.7% | 20.2x | 0.40 | $333.9B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price between 50d and 200d. Testing 50d support.