Jim Cramer on Constellation Brands: “Too Soon for Me, But I Don’t Think You’re Crazy If You Want to Start a Small Position”

STZ +2.09%

Constellation Brands, Inc. (NYSE:STZ) is one of the stocks Jim Cramer discussed, along with recent market rotation. Cramer showed mixed feelings around the stock during the episode, as he remarked:

“I gotta tell you, Constellation Brands looks a heck of a lot more attractive here, down here, I should say, than a year ago. This thing was trading at about 20 times earnings when things started going wrong in 2024. Now, it sells for just 13 times this year’s earnings estimate. It pays a decent dividend now, and that wasn’t because it was raised. It was because the stock went lower, 2.8%. So is the worst over? Look, I’m open to the possibility, but I don’t think we’re there yet. See, just because a quarter’s better than expected, that doesn’t mean it’s good…

Pixabay/Public Domain

Constellation Brands, Inc. (NYSE:STZ) sells beer, wine, and spirits, with beer brands such as Corona, Modelo, Pacifico, and Victoria. Its portfolio also includes wine and spirits labels, including Robert Mondavi Winery, Kim Crawford, The Prisoner Wine Company, and SVEDKA.

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Disclosure: None. This article is originally published at Insider Monkey.