5 Best Liquor Stocks to Buy Right Now

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

Number of Hedge Fund Holders: 53

Constellation Brands, Inc. (NYSE:STZ) is the top ranked liquor stock on our list, with 53 hedge funds in the elite database of Insider Monkey being bullish on Constellation Brands, Inc. (NYSE:STZ), with a total stake value of $1.71 billion as of September 2021. Harris Associates is the leading stakeholder of the company, with over 4 million shares worth almost $850 million. 

Constellation Brands, Inc. (NYSE:STZ) is an American producer and distributor of beer, wine, and spirits, owning more than 100 beverage brands. From its portfolio of local and imported alcoholic beverages, the most well known brands include Robert Mondavi, Richards Wild Irish Rose, Ravenswood Winery, Corona, Modelo Especial, Funky Buddha, and High West Whiskey, among others. 

Q2 earnings were announced by Constellation Brands, Inc. (NYSE:STZ) on October 6, with EPS for the quarter coming in at $2.38, missing estimates by -$0.38. The $2.37 billion revenue was up 4.9% from the prior-year quarter, outperforming estimates by $69.49 million. 

Following the second quarter earnings results, HSBC analyst Carlos Laboy on October 13 upgraded Constellation Brands, Inc. (NYSE:STZ) to Buy from Hold with a price target of $262, up from $254. The analyst stated that demand for Constellation Brands, Inc. (NYSE:STZ) was strong, and the company had solid fundamentals. 

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