Where Will Constellation Brands Stock Be in 1 Year?
The alcoholic beverages maker faces a lot of near-term challenges.
Constellation Brands (NYSE: STZ) was once considered a reliable blue-chip stock. It owns more than 100 brands of beers, spirits, and wines, and it has raised its dividend annually for 10 consecutive years. But over the past 12 months, Constellation's stock price has dropped nearly 30%. Let's see why that happened -- and if it can bounce back over the next 12 months.
Constellation struggled with four main headwinds over the past year. First, younger millennials and Gen Zers are consuming less alcohol than previous generations. That trend is sparking concerns that alcohol could suffer the same fate as tobacco.
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