5 Best Wine Stocks to Invest In 2022

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

Number of Hedge Fund Holders: 44 

Constellation Brands, Inc. (NYSE:STZ) is an American company that sells beers, wines, and spirits in the U.S., Canada, Mexico, and other countries. It is best known for its Corona beer lineup, and the firm also has fifteen different wine brands. Constellation Brands, Inc. (NYSE:STZ) is headquartered in Victor, New York.

Constellation Brands, Inc. (NYSE:STZ) is the largest high end beer provider in the U.S., and the firm has increased its production capacity fourfold over the past nine years to keep hold of the market. To further increase production, the company’s Obregon Brewery will come online by the end of the current year to add another 39 million hectoliters to its production capacity.

Constellation Brands, Inc. (NYSE:STZ) also pays an 80 cent dividend for a 1.32% yield.

44 of the 895 hedge funds polled by Insider Monkey had invested in Constellation Brands, Inc. (NYSE:STZ) as part of their Q2 2022 investments. BMO Capital set a $280 price target for the company in September 2022, stating that its valuation discount to peers is simply too wide to ignore.

Constellation Brands, Inc. (NYSE:STZ)’s largest investor is Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital which owns 1.3 million shares that are worth $326 million.

Disclosure: None. You can also take a look at 10 Best Long-Term Stocks to Buy Now and 10 Best-Performing S&P 500 Stocks in the Last 10 Years.

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