Constellation Brands Inc Class A

STZ: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$399.00	Bkm	Lfvyvwq

Top Beer Brands and Innovation Drive Growth at Wide-Moat Constellation Brands

Dan Su

May 26, 2023

Business Strategy and Outlook

We award a wide moat rating to Constellation Brands based on the strong brand equity and close distributor relations that the company’s top-selling Mexican beer portfolio enjoys, as well as some scale-based cost advantages in procurement and advertising.

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