CONSTELLATION BRANDS, INC.

(STZ)
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Delayed Nyse  -  04:04 2022-08-05 pm EDT
244.36 USD   +0.51%
08/02WALL STREET STOCK EXCHANGE : Pelosi’s expected Taiwan visit spooks markets
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08/02ANALYST RECOMMENDATIONS : TJX, Humana, Constellation Brands, Ross Stores, W.W. Grainger...
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08/02BMO Capital Starts Constellation Brands at Outperform With $290 Price Target
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CapitalGainsReport: Pope Francis Endorses Agave Alcohol (ROAG, STZ, DEO, SBEV, EAST)

05/20/2022 | 06:42am EDT

Pope Francis recently told a crowd of Vatican visitors, "Do you know what I need for my knee?" The pope exclaimed with a smirk "Some tequila!"

Investors in ground-to-glass tequila company, Rogue One, Inc. (OTCMKTS: ROAG) have been praying to Francis' boss since the company was downgraded after a late filing earlier this year. Prayers have been answered, ROAG released an 8K Thursday that is the first filing since the Human Brands acquisition.

The 8K confirms ROAG has:

-Supply contracts with fifteen companies, ranging from 5,000 liters per month to 200,000 liters per month.

-$18 million in assets

This is just for the quarter ending June 30, 2021. There are several other filings expected which should theoretically take less time since they have occurred since the initial partnership with Human Brands.

ROAG is in a great position to become a major player in the tequila industry. The white-label tequila company has 400,000 agave plants. Agave prices of the key tequila ingredient have been on the rise since 2016, up 694%. This gives ROAG a leg up over competitors.

Other companies making news in the alcohol industry include:

Constellation Brands Inc (NYSE:STZ) - The alcohol beverage industry major Constellation Brands Inc has not been in the news for quite some time but back on May 6 the company had made a major announcement.

The company announced the pricing of the cash tender offers for outstanding 3.20% Senior Notes that will be due in 2023 and for the 4.5% Senior Notes due in 2023. It should be noted that the company also announced that the offers were being made as per the terms that had been indicated in the offer of purchase that had been created back on May 2, 2022.

Diageo (NYSE:DEO) - The next one to look into at this point is the blue-chip alcohol major Diageo. If you are interested in the sector then this is a stock that you could track. In the past year, the Diageo stock has managed to clock gains of as much as 15.7% and that was at a time when the overall market suffered due to a range of factors. In this context, it may be a good idea to note what analysts who cover Diageo have to say. 4 analysts have classified as a 'buy', while 8 have recommended holding and there has been none who recommended to sell.

Eastside Distilling Inc (NASDAQ:EAST) - Beverage company Eastside Distilling Inc, which is focused on consumers and is best known for premium spirits, is another one that could be worth looking into at this point in time. Earlier on in the week on Monday, the company announced its financial results for the first fiscal quarter.

Revenues went up to $3.8 million in the quarter from $3.2 million in the prior-year period and much of that was due to the higher bulk wholesale activities. Gross profits also went up to $0.9 million from $0.5 million on a year-on-year basis.

Splash Beverage Group Inc (NYSEAMERICAN:SBEV) In the Q1, Gross sales came in at $4.1 million compared to $2.2 million in the prior-year period, a jump of 86% over the prior-year period. Gross profit in the latest quarter was $832K compared to $517K in the prior-year period. r net loss from continuing operations was $5.7 million compared to $4.5 million in the prior-year period.

Robert Nistico, Splash Beverage Group's Chairman and CEO, commented, "Our 2022 first quarter results demonstrate how we are effectively executing our business strategy of acquiring and expanding undervalued beverage brands within our growing distribution system. Since our announcement in November 2021, when we reported our transformational agreement with AB ONE distributors, we have added 15 new distribution agreements, with 12 agreements in the first quarter alone."

Disclaimers: Capital Gains Report 'CGR' is responsible for the production and distribution of this content. CGR is not operated by a licensed broker, a dealer, or a registered investment adviser. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. Our reports/releases are a commercial advertisement and are for general information purposes ONLY. We are engaged in the business of marketing and advertising companies for monetary compensation. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. The information made available by CGR is not intended to be, nor does it constitute, investment advice or recommendations. The contributors may buy and sell securities before and after any particular article, report and publication. In no event shall CGR. be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or made available by CGR., including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information in this video, article, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. CGR. strongly urges you conduct a complete and independent investigation of the respective companies and consideration of all pertinent risks. Readers are advised to review SEC periodic reports: Forms 10-Q, 10K, Form 8-K, insider reports, Forms 3, 4, 5 Schedule 13D. For some content, CGR., its authors, contributors, or its agents, may be compensated for preparing research, video graphics, and editorial content. CGR expects to be compensated $1,500 cash per month and 2.5 million restricted shares of ROAG stock for 12 months by Rogue One, Inc. for coverage of ROAG. As part of that content, readers, subscribers, and website viewers, are expected to read the full disclaimers and financial disclosures statement that can be found on our website.

The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled.

CONTACT: To educate and attract more investors contact us at:

Mark McKelvie

mark@capitalgainsreport.com

(754) 233-0966.

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(C) 2022 M2 COMMUNICATIONS, source M2 PressWIRE

Stocks mentioned in the article
ChangeLast1st jan.
CONSTELLATION BRANDS, INC. 0.51% 244.36 Delayed Quote.-2.63%
DIAGEO PLC -0.95% 3846 Delayed Quote.-4.71%
EASTSIDE DISTILLING, INC. 10.80% 0.72 Delayed Quote.-59.78%
ROGUE ONE, INC. 60.00% 0.0008 Delayed Quote.-97.65%
SPLASH BEVERAGE GROUP, INC. -1.71% 2.87 Delayed Quote.145.72%
All news about CONSTELLATION BRANDS, INC.
08/02WALL STREET STOCK EXCHANGE : Pelosi’s expected Taiwan visit spooks markets
MS
08/02ANALYST RECOMMENDATIONS : TJX, Humana, Constellation Brands, Ross Stores, W.W. Grainger...
MS
08/02BMO Capital Starts Constellation Brands at Outperform With $290 Price Target
MT
07/27CONSTELLATION BRANDS : Q1 FY23 Investor Overview Presentation
PU
07/22CONSTELLATION BRANDS, INC. : Submission of Matters to a Vote of Security Holders (form 8-K..
AQ
07/19INSIDER SELL : Constellation Brands
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07/19INSIDER SELL : Constellation Brands
MT
07/19INSIDER SELL : Constellation Brands
MT
07/13WALL STREET STOCK EXCHANGE : Wall Street wobbles as inflation accelerates in June
MS
07/13Redburn Initiates Constellation Brands at Buy
MT
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Analyst Recommendations on CONSTELLATION BRANDS, INC.
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Financials (USD)
Sales 2023 9 463 M - -
Net income 2023 1 917 M - -
Net Debt 2023 11 214 M - -
P/E ratio 2023 24,2x
Yield 2023 1,31%
Capitalization 46 036 M 46 036 M -
EV / Sales 2023 6,05x
EV / Sales 2024 5,67x
Nbr of Employees 10 000
Free-Float 80,1%
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Technical analysis trends CONSTELLATION BRANDS, INC.
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Mean consensus BUY
Number of Analysts 24
Last Close Price 244,36 $
Average target price 275,52 $
Spread / Average Target 12,8%
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Managers and Directors
William A. Newlands President, Chief Executive Officer & Director
Garth Hankinson Chief Financial Officer & Executive Vice President
Robert S. Sands President, Chief Operations Officer & Director
Lee Tussing Chief Information Officer & Senior Vice President
Tiffanie de Liberty Chief Compliance Officer, Senior VP-Wine & Spirits
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