Company profile

William A. Newlands
Incorporated in
Fiscal year end
Industry (SEC)
Former names
Canandaigua Brands Inc, Canandaigua Wine Co Inc, Constellation Brands Inc
IRS number

STZ stock data

FINRA relative short interest over last month (20 trading days) ?


8 Jan 20
7 Apr 20
1 Mar 21


Company financial data Financial data

Quarter (USD) Nov 19 Aug 19 May 19 Feb 19
Revenue 2.18B 2.57B 2.28B 1.97B
Net income 360.4M -525.2M -245.4M 1.24B
Net profit margin 16.52% -20.41% -10.75% 62.98%
Operating income 267.2M 719.5M 622.7M 465.3M
Net change in cash 12.4M -17.4M 5.1M -37M
Cash on hand 93.7M 81.3M 98.7M 93.6M
Cost of revenue 1.01B 1.16B 1.07B 903.7M
Annual (USD) Feb 19 Feb 18 Feb 17 Feb 16
Revenue 8.88B 8.32B 8.05B
Net income 3.44B 2.3B 1.53B 1.05B
Net profit margin 38.67% 27.68% 18.99%
Operating income 2.41B 2.28B 2.39B 1.77B
Net change in cash 3.3M -87.1M 94.3M -27M
Cash on hand 93.6M 90.3M 177.4M 83.1M
Cost of revenue 4.04B 3.77B 3.8B 3.61B

Financial data from company earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
2 Apr 20 Garth Hankinson Performance Share Units Class A Common Stock Grant Aquire A 0 276 0 276
2 Apr 20 F Paul Hetterich Performance Share Units Class A Common Stock Grant Aquire A 0 2,405 0 2,405
2 Apr 20 James O. Bourdeau Performance Share Units Class A Common Stock Grant Aquire A 0 502 0 502
2 Apr 20 Thomas Michael Kane Performance Share Units Class A Common Stock Grant Aquire A 0 1,511 0 1,511
2 Apr 20 James A. Jr. Sabia Performance Share Units Class A Common Stock Grant Aquire A 0 751 0 751
83.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 999 979 +2.0%
Opened positions 127 100 +27.0%
Closed positions 107 87 +23.0%
Increased positions 369 389 -5.1%
Reduced positions 381 349 +9.2%
13F shares
Current Prev Q Change
Total value 26.53B 28.46B -6.8%
Total shares 139.78M 137.28M +1.8%
Total puts 3.74M 3.94M -5.2%
Total calls 2.51M 3.27M -23.5%
Total put/call ratio 1.5 1.2 +23.9%
Largest owners
Shares Value Change
BLK BlackRock 12.6M $2.39B +2.5%
Vanguard 12.31M $2.34B +0.1%
Capital Research Global Investors 9.1M $1.73B +0.3%
STT State Street 7.5M $1.42B +0.4%
JPM JPMorgan Chase & Co. 6.43M $1.22B +6.8%
Kensico Capital Management 4.21M $798.98M 0.0%
Harris Associates L P 3.61M $684.36M +6.3%
BAC Bank of America 3.49M $661.72M -2.7%
Jackson Square Partners 3.02M $573.49M +12.4%
Capital World Investors 2.8M $532.03M -40.3%
Largest transactions
Shares Bought/sold Change
Capital World Investors 2.8M -1.89M -40.3%
Norges Bank 1.6M +1.6M NEW
Citadel Advisors 1.86M +931.4K +100.8%
Point72 Asset Management 636.51K +636.51K NEW
M&G Investment Management 612.74K +612.74K NEW
PUK Prudential 0 -592.58K EXIT
Voya Investment Management 1.54M +539.9K +54.2%
Alliancebernstein 809.41K -432.32K -34.8%
JPM JPMorgan Chase & Co. 6.43M +407.64K +6.8%
WFC Wells Fargo & Co. 1.46M -395.57K -21.3%

Financial report summary

  • International operations, worldwide and domestic economic trends and financial market conditions, geopolitical uncertainty, or changes to international trade agreements and tariffs, import and excise duties, other taxes, or other governmental rules and regulations
  • Dependence on limited facilities for production of our Mexican beer brands, and expansion and construction issues
  • Operational disruptions or catastrophic loss to breweries, wineries, other production facilities or distribution systems
  • Supply of quality water, agricultural and other raw materials, certain raw materials and packaging materials purchased under short-term supply contracts, limited group of suppliers of glass bottles
  • Reliance on wholesale distributors, major retailers and government agencies
  • Reliance upon complex information systems and third party global networks, cyber-attacks, and design and implementation of our new global enterprise resource planning system (“ERP”)
  • Contamination and degradation of product quality from diseases, pests and weather conditions
  • Climate change and environmental regulatory compliance
  • Cannabis is currently illegal under U.S. federal law and in other jurisdictions; we do not control Canopy’s business or operations
  • Potential decline in the consumption of products we sell; dependence on sales of our Mexican beer brands
  • Acquisition, divestiture, investment, and new product development strategies
  • Sale of a portion of our wine and spirits business
  • Our Canopy investments are dependent upon an emerging market and legal sales of cannabis products
  • Dependence upon trademarks and proprietary rights, failure to protect our intellectual property rights
  • Intangible assets, such as goodwill and trademarks
  • Changes to tax laws, fluctuations in our effective tax rate, accounting for tax positions and the resolution of tax disputes, and changes to accounting standards, elections or assertions
  • Securities measured at fair value
  • Canopy’s Corporate Governance
  • Class action or other litigation relating to abuse of our products, the misuse of our products, product liability, or marketing or sales practices
  • Control by the Sands Family
Management Discussion
  • The increase in Beer net sales is primarily due to $85.4 million of volume growth within our Mexican beer portfolio, which benefited from continued consumer demand, increased marketing spend, and new product introductions, and a $26.0 million favorable impact from pricing in select markets within our Mexican beer portfolio. We expect the remainder of the shipment timing benefit that occurred at the end of Fiscal 2019 to reverse during the fourth quarter of fiscal 2020.
  • The decrease in Wine and Spirits net sales is primarily due to a $83.9 million decline in branded wine and spirits volume and $8.5 million from the Black Velvet Divestiture, partially offset by a $24.3 million increase from favorable product mix shift. The Wine and Spirits Third Quarter 2020 results have been negatively impacted by transition activities with distributors who are repositioning for ownership of brands upon closing the New Wine and Spirits Transactions and the Black Velvet Divestiture.
  • Our ownership interest in Canopy allows us to exercise significant influence, but not control, and, therefore, we account for our investment in Canopy under the equity method. Amounts included for the Canopy segment represent 100% of Canopy’s reported results on a two-month lag, prepared in accordance with U.S. GAAP, and converted from Canadian dollars to U.S. dollars. Although we own less than 100% of the outstanding shares of Canopy, 100% of the Canopy results are included and subsequently eliminated in order to reconcile to our consolidated financial statements. See “Income (Loss) from Unconsolidated Investments” below for a discussion of Canopy’s net sales, gross profit (loss), selling, general, and administrative expenses, and operating income (loss).
Content analysis ?
H.S. freshman Good
New words: agreed, Amber, American, brandy, call, Champagne, concentrate, conclusion, contemplation, contractor, Cook, delivery, divest, divested, divestiture, FTC, Gallo, Grande, inclusive, Masson, Paul, pursuing, reclassification, recovery, Roget, supersede, Switzerland, transformation, upcoming, warehouse
Removed: advertising