Where To Buy Stock In Corona Beer?

Constellation Brands ($STZ) is the producer of Corona beer, and investors can buy shares of their stock. However, Corona itself is not a publicly-traded company. Corona's owner, AB InBev, is the world's largest brewer and is traded primarily on the Euronext exchange, with secondary shares on the New York Stock Exchange (NYSE), as well as the Mexico and South Africa stock exchanges.

Constellation Brands is the producer of Corona beer

Constellation Brands, Inc. is an American producer and marketer of beer, wine, and spirits. It is a Fortune 500 company and the largest beer import company in the US in terms of sales. It has the third-largest market share (7.4%) of all major beer suppliers. The company has over 100 brands in its portfolio, including Corona, Modelo Especial, Negra Modelo, Pacífico, Robert Mondavi, Kim Crawford, Meiomi, Simi Winery, Ruffino, and The Prisoner Wine Company.

Constellation Brands has two breweries in Mexico that produce Corona and Modelo beer for the US market. These breweries are located in Nava, Coahuila, and Ciudad Obregón, Sonora. The company also has the rights to import, market, and sell Corona and Modelo brands in the US, which it acquired from Grupo Modelo in 2013. This deal gave Constellation Brands full ownership of Crown Imports LLC, providing them with complete control of all aspects of the US commercial business for these brands.

Constellation Brands was established in 1945 by Marvin Sands in the Finger Lakes region of New York as Canandaigua Industries, selling bulk wine. The company was incorporated as Canandaigua Wine Company, Inc. in 1972 and went public in 1973. In 1999, Marvin Sands passed away, and his son Richard Sands became president in 1993 and CEO in 1996. The company changed its name to Constellation Brands, Inc. in 2000 to reflect the growing scope of the company and its diverse range of brands.

Today, Constellation Brands continues to expand its portfolio through acquisitions and investments in various beverage categories, including beer, wine, and spirits, solidifying its position as a leading producer and distributor in the industry.

Corona's owner, AB InBev, is the world's largest brewer

AB InBev owns several other popular beer brands, including Budweiser, Stella Artois, Lowenbrau, and Michelob. The company is listed on several stock exchanges, including the Euronext exchange, the New York Stock Exchange, the Mexico Stock Exchange, and the South Africa Stock Exchange.

The largest shareholders of AB InBev include the Van Damme, de Mevius, and de Spoelberch families, who own 28.6% of the company, and Brazilian investment firm 3G Capital, which owns 22.7%. The company's board of directors is composed of four independent directors, eight directors appointed by Stichting Anheuser-Busch InBev, and three members appointed by restricted shareholders.

Constellation Brands distributes Corona in the US

Constellation Brands, Inc. is an American producer and marketer of beer, wine, and spirits. It is the largest beer import company in the US by sales and has the third-largest market share (7.4%) of all major beer suppliers. The company has over 100 brands in its portfolio, including the rights to distribute Corona in the US.

Constellation Brands has two breweries in Mexico that produce Corona and Modelo beer for the US market. These breweries are located in Nava, Coahuila, and Ciudad Obregón, Sonora. The company also has a third brewery under construction in Veracruz, Mexico.

In 2013, Constellation Brands acquired Grupo Modelo's US beer business from Anheuser-Busch InBev (AB InBev). This transaction included full ownership of Crown Imports LLC, which provided Constellation with complete control of all aspects of the US commercial business, including the exclusive perpetual brand license to import, market, and sell Corona and Modelo brands in the US.

As part of the 2013 deal, Constellation gained the freedom to develop brand extensions and innovations for the US market. This allowed the company to produce its own versions of Corona and Modelo products specifically for US consumers, while Modelo serves all other countries.

Constellation Brands has faced legal challenges related to its use of the Corona brand name. In 2021, AB InBev's Mexican division, Grupo Modelo, filed a lawsuit against Constellation, alleging that using the Corona brand name for Corona Hard Seltzer breached their distribution agreement. However, a Manhattan federal jury ruled in favour of Constellation, allowing the company to continue using the Corona brand name for its hard seltzer product.

Constellation Brands' acquisition of Grupo Modelo's US beer business solidified its position as the largest beer import company in the US and expanded its portfolio of popular beer brands, including Corona.

Constellation Brands stock is listed on the NYSE

Constellation Brands, Inc. (STZ) is listed on the New York Stock Exchange (NYSE). It is the largest provider of alcoholic beverages in the US across the beer, wine, and spirits categories. The company was founded by Marvin Sands in 1945 and is headquartered in Victor, New York.

Constellation Brands generates 80% of its revenue from Mexican beer imports under top-selling brands such as Corona and Modelo. The company also has exclusive rights to these Mexican beer brands in the US. In addition to its beer segment, Constellation Brands also has wine and spirits segments, as well as a corporate operations and other segment. The wine and spirits segment includes wine brands across all categories and price points, while the corporate operations and other segment refers to costs associated with executive management, corporate development, human resources, legal, and other areas.

Constellation Brands has a joint venture with glass manufacturer Owens-Illinois in Mexico and owns a 36% stake in Canadian medicinal and recreational cannabis producer Canopy Growth. The company's stock price has fluctuated over the past year, with a 52-week range of 210.15 to 273.65 as of September 30, 2024.

While Constellation Brands distributes Corona in the US, the beer brand is owned by AB InBev, which is the world's largest brewer. AB InBev stock is primarily traded on the Euronext exchange, with secondary shares on the NYSE, as well as the Mexico and South Africa stock exchanges.

Constellation Brands' CEO is Bill Newlands

Constellation Brands, Inc. is an American producer and marketer of beer, wine, and spirits. It is a Fortune 500 company and the largest beer import company in the US by sales. The company has a vast portfolio of over 100 brands, including popular names such as Corona, Modelo Especial, Negra Modelo, and Pacífico.

Bill Newlands is the current CEO of Constellation Brands, a position he has held since March 2019. Newlands has extensive experience in the beverage alcohol industry, spanning more than 30 years. He joined Constellation Brands in 2015 as executive vice president and chief growth officer, and quickly rose through the ranks, assuming additional responsibilities and leadership roles.

Prior to becoming CEO, Newlands served as president and chief operating officer of Constellation Brands, where he was responsible for all operating aspects of the company, led the executive management team, and solidified the company's position as the #1 total beverage alcohol company in the industry.

As CEO, Newlands provides strategic leadership and works closely with the board of directors and business leaders to establish long-range goals, strategies, and policies. He has a deep understanding of consumer trends and leverages those insights to enhance the company's innovation pipeline and drive incremental growth.

Under Newlands' leadership, Constellation Brands continues to thrive and expand its portfolio, making significant acquisitions and investments in the beverage and cannabis industries.

Frequently asked questions