Constellation Brands, renowned for Modelo and Corona, has seen its stock price plummet, pushing its dividend yield to 3.1%. Despite a 15% revenue drop in Q2, the companys beer and wine brands hold strong market share. Warren Buffetts Berkshire Hathaway has taken a 7.5% stake, indicating long-term potential. With a forward-looking P/E ratio of 12, patient investors may find this a compelling opportunity.
The Daily News Now! - Every city. Every story. Powered by AI.
Hosted on Acast. See acast.com/privacy for more information.