Constellation Brands CFO Garth Hankinson to Speak at 2024 Morgan Stanley Global Consumer and Retail Conference

Garth Hankinson will discuss Constellation Brands' strategies and financial outlook at the Morgan Stanley conference on December 3, 2024.

Quiver AI Summary

Constellation Brands, Inc. announced that Garth Hankinson, the company's Chief Financial Officer, will participate in a fireside chat at the 2024 Morgan Stanley Global Consumer and Retail Conference on December 3, 2024, at 2:15 p.m. ET in New York City. The discussion will focus on the company's strategic business initiatives, financial metrics, and future outlook. A live webcast of the presentation will be accessible on the company's investor relations website, along with related financial information. A replay will be available until January 3, 2025. Constellation Brands is a leading producer and marketer of alcoholic beverages with a commitment to sustainability and social equity, aiming to enhance human connections through its diverse brand portfolio.

Potential Positives

Participation of CFO Garth Hankinson in the 2024 Morgan Stanley Global Consumer and Retail Conference highlights the company's commitment to engaging with investors and stakeholders, reinforcing transparency.
The presentation will cover strategic business initiatives and financial metrics, signaling the company's forward-looking approach and focus on operational performance.
The availability of a live webcast and subsequent replay of the presentation enhances accessibility and keeps investors informed, reflecting strong investor relations practices.

Potential Negatives

Participation in the upcoming Morgan Stanley Global Consumer and Retail Conference may highlight strategic challenges if the company's future outlook is perceived as uncertain or underwhelming.
The reliance on a single conference for disclosures may raise concerns about transparency and communication with investors.
Emphasis on the reconciliation of GAAP and non-GAAP financial measures could indicate potential weaknesses or complexities in the company's financial reporting that investors need to scrutinize.

FAQ

When is the Morgan Stanley Global Consumer and Retail Conference?

The conference will take place on December 3, 2024, starting at 2:15 p.m. ET.

Who is representing Constellation Brands at the conference?

Garth Hankinson, Executive Vice President and Chief Financial Officer, will participate in the fireside chat.

How can I watch the presentation?

A live, listen-only webcast will be available on the company's investor relations website during the presentation.

Will a replay of the presentation be available?

Yes, a replay will be available on the investor relations website until January 3, 2025.

What topics will be covered during the presentation?

The presentation will cover strategic business initiatives, financial metrics, and the outlook for the future.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$STZ Insider Trading Activity

$STZ insiders have traded $STZ stock on the open market 24 times in the past 6 months. Of those trades, 0 have been purchases and 24 have been sales.

Here’s a breakdown of recent trading of $STZ stock by insiders over the last 6 months:

ROBERT SANDS has traded it 5 times. They made 0 purchases and 5 sales, selling 179,571 shares.
BUSINESS HOLDINGS LP SER sold 660 shares.
RICHARD SANDS has traded it 2 times. They made 0 purchases and 2 sales, selling 60,297 shares.
PARTNERS LLC WILDSTAR has traded it 2 times. They made 0 purchases and 2 sales, selling 60,297 shares.
JAMES A. JR. SABIA (EVP & Pres. Beer) sold 36,086 shares.
WILLIAM A NEWLANDS (President & CEO) has traded it 2 times. They made 0 purchases and 2 sales, selling 32,426 shares.
KANEENAT KRISTANN CAREY (EVP & Chief HR Officer) has traded it 2 times. They made 0 purchases and 2 sales, selling 1,307 shares.
BUSINESS HOLDINGS LP ZMSS sold 59,637 shares.
ZACHARY M STERN sold 59,637 shares.
SANDS MASTER TRUST ROBERT has traded it 3 times. They made 0 purchases and 3 sales, selling 119,274 shares.
SAMUEL J GLAETZER (EVP & Pres. Wine and Spirits) sold 1,510 shares.
GARTH HANKINSON (EVP & CFO) has traded it 2 times. They made 0 purchases and 2 sales, selling 33,680 shares.
DANIEL J MCCARTHY sold 1,854 shares.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$STZ Hedge Fund Activity

We have seen 575 institutional investors add shares of $STZ stock to their portfolio, and 696 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 1,136,444 shares (+inf%) to their portfolio in Q3 2024
CAPITAL INTERNATIONAL INVESTORS removed 794,212 shares (-7.2%) from their portfolio in Q3 2024
BLACKROCK, INC. added 712,431 shares (+6.8%) to their portfolio in Q3 2024
ELLIOTT INVESTMENT MANAGEMENT L.P. removed 507,000 shares (-100.0%) from their portfolio in Q2 2024
BAIN CAPITAL PUBLIC EQUITY MANAGEMENT II, LLC removed 505,255 shares (-100.0%) from their portfolio in Q3 2024
INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC added 497,543 shares (+23184.7%) to their portfolio in Q3 2024
JUNTO CAPITAL MANAGEMENT LP removed 478,427 shares (-100.0%) from their portfolio in Q2 2024

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Full Release

ROCHESTER, N.Y., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today that Garth Hankinson, Executive Vice President and Chief Financial Officer, will participate in a fireside chat at the 2024 Morgan Stanley Global Consumer and Retail Conference on Tuesday, December 3, 2024 in New York, NY. The presentation is scheduled to begin at 2:15 p.m. ET and is expected to cover the company’s strategic business initiatives, financial metrics, and operating performance, as well as outlook for the future.

A live, listen-only webcast of the presentation will be available on the company’s investor relations website at ir.cbrands.com under the News & Events section. When the presentation begins, financial information discussed in the presentation, and a reconciliation of reported GAAP financial measures with comparable and other non-GAAP financial measures, will also be available on the company’s investor relations website under the Financial History section. For anyone unable to participate in the webcast, a replay will be available on the company’s investor relations website through the close of business on January 3, 2025.

ABOUT CONSTELLATION BRANDS
Constellation Brands (NYSE: STZ) is a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Our mission is to build brands that people love because we believe elevating human connections is Worth Reaching For. It’s worth our dedication, hard work, and calculated risks to anticipate market trends and deliver more for our consumers, shareholders, employees, and industry. This dedication is what has driven us to become one of the fastest-growing, large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what’s next.

Every day, people reach for our high-end, iconic imported beer brands such as those in the Corona brand family like the flagship Corona Extra, Modelo Especial and the flavorful lineup of Modelo Cheladas, Pacifico, and Victoria; our fine wine and craft spirits brands including The Prisoner Wine Company, Robert Mondavi Winery, Casa Noble Tequila, and High West Whiskey; and our premium wine brands such as Kim Crawford and Meiomi.

As an agriculture-based company, we have a long history of operating sustainably and responsibly. Our ESG strategy is embedded into our business and our work focuses on serving as good stewards of the environment, enhancing social equity within our industry and communities, and promoting responsible beverage alcohol consumption. These commitments ground our aspirations beyond driving the bottom line as we work to create a future that is truly Worth Reaching For.

To learn more, visit www.cbrands.com and follow us on X , Instagram , and LinkedIn .

MEDIA CONTACTS	INVESTOR RELATIONS CONTACTS
Amy Martin 585-678-7141 / [email protected] Carissa Guzski 315-525-7362 / [email protected]	Joseph Suarez 773-551-4397 / [email protected] Snehal Shah 847-385-4940 / [email protected] David Paccapaniccia 585-282-7227 / [email protected]

A downloadable PDF copy of this news release can be found here. http://ml.globenewswire.com/Resource/Download/eba19e98-7219-43dc-a878-2cc510056b28