5 Best Alcohol Stocks to Own According to Hedge Funds

1. Constellation Brands, Inc. (NYSE:STZ)

Number of Hedge Fund Holders: 48

Constellation Brands, Inc. (NYSE:STZ) is involved in the production, import, marketing, and sale of beer, wine, and spirits across the United States, Canada, Mexico, New Zealand, and Italy. Constellation Brands made headlines this summer when its Mexican beer brand, Modelo Especial, became the Top-Selling Beer in America after dethroning Bud Light.

The company will be looking to display strength as it nears its next earnings release. According to Zacks Investment Research, based on 9 analysts, the consensus EPS forecast for Constellation Brands, Inc. (NYSE:STZ) for the quarter ending August 2023 is $3.37. The reported EPS for the same quarter last year was $3.17. 

Shares of STZ were held by 48 out of 910 hedge funds in the Insider Monkey database at the end of the company’s Q2, with Holocene Advisors holding the largest stake of 796,935 shares, valued at $196.15 million. Constellation Brands, Inc. (NYSE:STZ) is the best alcohol stock to invest in according to hedge funds. 

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