Jim Cramer Recently Talked About These 11 S&P 500 Stocks

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

Number of Hedge Fund Holders: 36

Cramer expressed disappointment regarding Constellation Brands, Inc. (NYSE:STZ) and noted that the company seems to be in denial about its state.

“The third worst name is a tough one for me. It is Constellation Brands, STZ, down 18.2%. As a purveyor of Mexican beer brands, Modelo and Pacifico, this stock was already under pressure after the election and then the bottom fell out after they reported a bad quarter early in the month. Now we spoke to Constellation CEO Bill Newlands that night and came away pretty disappointed with what I felt was a lack of urgency about fixing the company’s problems. It almost feels like they’re in denial. Where do I come down on this one? Well, with the arrival of tariffs this past week, the Charitable Trust sold half its position in Constellation today. Enough. Even with the pause of the Mexican tariffs announced this morning, this position has just become way too hard to own. Liquor is a tough thing to own in this market.”

Constellation Brands, Inc. (NYSE:STZ) is a well-known company in the production, importation, marketing, and sale of beer, wine, and spirits, offering a range of beer brands. Cramer has been bearish on the company for a while now. Recently, he expressed:

“The wine and spirits from Constellation Brands were so challenged, I wish they’d just sold the business a long time ago. Just a very bad miss. Beer’s holding up okay, but not enough to make Wall Street like the stock. Oh man… My Charitable Trust is stuck with it.”