5 Best Ethanol Stocks To Buy Now

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

Number of Hedge Fund Holders: 44  

Constellation Brands, Inc. (NYSE:STZ) produces, imports, markets, and sells beer, wine, and spirits. The firm features on the list of best ethanol stocks to invest in. The company recently announced that it had partnered with beverage giant Coca-Cola to launch the Fresca Mixed line of vodka spritz as part of its spirits-based, ready-to-drink (RTD) cocktails in the U.S. The RTD market is expected to grow to $43.6 billion over the next five years, up from $26.4 billion in 2021. 

On September 15, JPMorgan analyst Andrea Teixeira maintained an Overweight rating on Constellation Brands, Inc. (NYSE:STZ) stock and raised the price target to $287 from $263, highlighting that the beer setup was largely favorable in the second quarter.  

At the end of the second quarter of 2022, 44 hedge funds in the database of Insider Monkey held stakes worth $1.3 billion in Constellation Brands, Inc. (NYSE:STZ), compared to 41 in the preceding quarter worth $982 million.  

You can also take a peek at Top 10 REIT Stocks Under $10 and 11 Cheap Healthcare Stocks To Invest In.

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