Is Constellation Brands a Buy?
Constellation Brands (NYSE: STZ) stock has regained all the ground it lost since the onset of the coronavirus pandemic and is trading just under its 52-week high as of this writing. With more occasions to drink at home because of the health crisis, the beer and wine producer has enjoyed strong consumer support for its brands.
Having also tapped into the still-burgeoning hard seltzer trend earlier this year, Constellation has been able to capitalize on the popularity of its leading Corona brand. Corona Hard Seltzer has catapulted over other major competitors into the No. 4 spot by market share.
Image source: Constellation Brands.
Source Fool.com
