5 Best Wine Stocks to Invest in 2021

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

Number of Hedge Fund Holders: 58   

Constellation Brands, Inc. (NYSE: STZ) is a New York-based firm which markets several alcoholic products such as beer, wine, and spirits. It was founded in 1945 and is placed third on our list of 10 best wine stocks to invest in 2021. The stock has returned more than 28% to investors over the past year. Some of the wine-related brands owned by the firm include 7 Moons, Cook’s California Champagne, Cooper & Thief, Crafters Union, Kim Crawford, Meiomi, Mount Veeder, Ruffino, SIMI, The Dreaming Tree, and Charles Smith, among others.

On April 8, Constellation Brands, Inc. (NYSE: STZ) reported quarterly earnings results for the last quarter of 2020, posting earnings per share of $1.82, beating market predictions by $0.27. The revenue over the period was close to $2 billion, up 2.6% year-on-year.

At the end of the first quarter of 2021, 58 hedge funds in the database of Insider Monkey held stakes worth $1.2 billion in the firm, the same as in the preceding quarter worth $1.7 billion.