5 Best Whiskey and Alcohol Stocks to Buy in 2021

4. Constellation Brands, Inc. (NYSE: STZ)

Number of Hedge Fund Holders: 58   

Constellation Brands, Inc. (NYSE: STZ) is a New York-based company that makes and sells beer, wine, and spirits. The firm is one of the largest beer import companies in the US and was founded in 1945. It is ranked fourth on our list of 10 best whiskey and alcohol stocks to buy in 2021. The firm owns the Corona, not to be confused with the virus of the same name, and Modelo brands. The stock has offered investors 45% in returns over the past year. The firm has a market cap of more than $46 billion. 

Investment bank Morgan Stanley on April 8 maintained an Overweight rating on Constellation Brands, Inc. (NYSE: STZ) stock despite the beer maker reporting a 6.4% beer depletion growth in fiscal quarter four and posting earnings per share guidance that fell short of market expectations.

At the end of the fourth quarter of 2020, 58 hedge funds in the database of Insider Monkey held stakes worth $1.7 billion in the firm, up from 53 in the preceding quarter worth $2.1 billion.