Latest news with #Modelo
Time Out
6 days ago
- Entertainment
- Time Out
Photograph: Rosie Hewitson for Time Out
It's surely a recession indicator how much London has fallen in love with the concept of the 'dive bar' of late. Last year saw the opening of Rasputin's, a dimly lit Mare Street spot just a few doors down from OG east London dive Helgi's. Opened by the gang behind Dom's Subs, it quickly made a name for itself with its £12 'Reaganomics Special' – a martini and two hot dogs – which patrons order from a bar decorated with all manner of bric-a-brac and retro TVs playing schlocky B movies. Then MeatLiquor got in on the act with Bloodsports, a Covent Garden sports bar that's open 'til 2am , has both a pool table and karaoke machine, screens every sporting fixture you could ask for alongside classic horror films, and offers an 'Austerity Measure' boilermaker – i.e. a tinnie of Carlsberg and an American-sized shot of bourbon – on its sizeable drinks menu. The latest place to capture the hearts of London's thrift-conscious, Americana-loving booze hounds is this poky joint opened by the same people as vegan Sichuanese restaurant Facing Heaven. Also found on Hackney's Mare Street – Hackney Central is London's answer to the Lower East Side at this point – Easy 8 is replete with classic 'dive bar' signifiers; think fairy lights, wood-panelled walls, a confusing array of wall decor encompassing both a Scully and Mulder poster and a framed Sacred Heart of Jesus picture, liberally tagged loos and eerie red lighting reminiscent of a David Lynch movie. Order this The menu is short and sweet, featuring seven (more or less) classic cocktails for £10-11 a pop, cans of PBR and bottles of Modelo, plus the obligatory dive bar classics of a beer and shot combo for £8, and picklebacks for £6. Don't leave without trying the michelada, a dangerously drinkable concoction featuring Clamato juice, several dashes of Tajin hot sauce, a good glug of soy sauce and a Modelo beer served half-poured into the glass. Just the right balance of zing, saltiness and umami, you'd be hard pressed to find a better one in Downtown LA. Time Out tip Go on a Thursday. Easy 8 has been around since 2023, but only started making waves recently, due in part to its Thursday night taco pop-up, where patrons can line their stomachs with LA-style tacos for £2, before taking advantage of a 2 for 1 drinks offer. It doesn't get more cheap and cheerful in this part of town.
Globe and Mail
12-07-2025
- Business
- Globe and Mail
Best Stock to Buy Right Now: Constellation Brands vs. Altria
Key Points Constellation is grappling with tariffs and weak demand. Altria is dealing with declining smoking rates. One of these blue chip giants has a brighter future. 10 stocks we like better than Constellation Brands › Constellation Brands (NYSE: STZ) and Altria (NYSE: MO) are both often considered stable blue chip stocks for income investors. Constellation is one of the world's largest producers of beers, wines, and spirits, while Altria is the largest tobacco company in America. Over the past three years, however, Constellation's stock stumbled nearly 30% as Altria's stock rallied more than 40%. Let's see why the tobacco maker outperformed the alcoholic drink maker by such a wide margin -- and if it will remain the better investment for the foreseeable future. Why did Constellation's stock stumble? Constellation generates most of its revenue from its beer business, which sells popular brands like Modelo, Corona, and Pacifico. A smaller percentage comes from its wine portfolio, which includes Kim Crawford, Robert Mondavi, and The Prisoner, and its spirits business, which sells Casa Noble Tequila, Svedka Vodka, and High West Whiskey. It generates nearly all of its revenue in the United States. Constellation faces three major challenges. First, its younger consumers are drinking less beer. To cope with that slowdown, Constellation is launching new types of alcoholic beverages (like hard seltzer) and alcohol-free drinks. Second, its sales of lower-end wines are declining. To offset that pressure, it divested its cheaper brands and focused on strengthening its premium brands. Lastly, the Trump administration's tariffs are driving up the costs of importing its best-selling Mexican beers. The company can offset some of that pressure by shipping more of its beers in glass bottles instead of aluminum cans (which are exposed to those higher tariffs), but an estimated 39% of its beer shipments from Mexico are still delivered in cans. It also faces production bottlenecks at its Mexican plants. Therefore, Constellation's top-line growth is being throttled by the divestments in its wine and spirits division and its softening beer sales. At the same time, the unpredictable tariffs, inflationary headwinds, and capacity constraints will continue to compress its margins. From 2024 to 2027, analysts expect Constellation's revenue to decline from $10.2 billion to $9.9 billion as it continues to right-size its business. Its earnings per share (EPS) is expected to grow at a compound annual growth rate (CAGR) of 7%. Its business certainly isn't collapsing, but its near-term headwinds and a lack of catalysts are making it an unappealing investment. The company's stock looks cheap at 14 times forward earnings, and it pays a decent forward yield of 2.5%, but its upside potential could remain limited. Why did Altria's stock soar? Altria generates most of its revenue from its flagship Marlboro cigarettes but also sells other cigarette brands, cigars, and smokeless products like e-cigarettes, snus, and nicotine pouches. It spun off its international business as Philip Morris International in 2008 and now generates nearly all of its revenue from the U.S. market. Altria's domestic concentration can be a double-edged sword. On one hand, it's well-protected from tariffs and foreign-exchange headwinds. On the other hand, adult smoking rates in the U.S. have steadily declined over the past six decades. The company counters that pressure by raising its cigarette prices to offset its declining shipments, cutting costs, and buying back a lot of shares to boost its EPS. It's also aggressively expanding its portfolio of smokeless products (especially e-cigarettes and nicotine pouches) through investments and acquisitions to curb its long-term dependence on cigarettes. In 2022, Altria's $12.8 billion investment in the e-cigarette maker Juul backfired as the Food and Drug Administration (FDA) banned all of its products. But after that big write down, it acquired Njoy, which sells FDA-approved e-cigarettes, for $2.8 billion in 2023. It expects that acquisition to start boosting EPS in 2026. From 2024 to 2027, analysts expect Altria's revenue (net of excise taxes) to dip from $20.4 billion to $20.2 billion as its core cigarette business continues to shrink. They expect its EPS to decline this year as it laps some big one-time tax benefits and the sale of its rights to Philip Morris International's Iqos heated tobacco products. But from 2025 to 2027, Altria's EPS is expected to have a steady CAGR of 5%. Its stock still looks cheap at 12 times forward earnings, and it pays a hefty forward yield of nearly 7%. Altria is a slow-growth stock, but it arguably doesn't face as many pressing issues as Constellation Brands. The better buy: Altria Constellation's business might stabilize over the next few years, but there aren't enough compelling reasons to buy its stock. Altria also faces some long-term challenges, but its business seems more stable, it pays a bigger dividend, and trades at a lower multiple. Those strengths all make Altria the better stock to buy right now. Should you invest $1,000 in Constellation Brands right now? Before you buy stock in Constellation Brands, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Constellation Brands wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,432!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,005,854!* Now, it's worth noting Stock Advisor 's total average return is1,049% — a market-crushing outperformance compared to180%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 7, 2025
Yahoo
09-07-2025
- Yahoo
In May, a Guatemalan crashed a van in Springfield. It was an ICE agent who called 911
SPRINGFIELD — When Noe Yolindo Ambrocio-Perez collided with a concrete pole in mid-May, an affidavit in federal court says he carried a Guatemalan identification card and had an open container of Modelo beer in the van he was driving. The collision led to both state and federal charges. While Springfield Police responded to the collision and arrested Ambrocio-Perez, 37, it was an Immigrations and Customs Enforcement officer who saw the crash, called 911 and detained him until local law enforcement arrived. After a state judge released him on his own recognizance, ICE arrested Ambrocio-Perez days later. Federal prosecutors charged him in federal court with illegal reentry and have asked a judge for his continued detention. Ambrocio-Perez appears to not yet have an attorney for his federal charges and the criminal complaint says he was in custody of ICE since May 28. His initial court appearance was scheduled for Tuesday afternoon, but the hearing was delayed a week because, according to the docket, 'The agents were unable to produce the defendant.' A spokesperson for the U.S. Attorney's office did not return a request for comment. ICE records list Ambrocio-Perez as being detained at the Plymouth County Correctional Facility. Ambrocio-Perez is just one of thousands across the country who are facing immigration charges. According a June report by the Transactional Records Access Clearinghouse, the number of immigration charges in federal courts grew by 36.6% between February and March, the most recently available data from the organization. However, the number of immigration cases filed a few months ago do not begin to reach the number of immigration prosecutions seen during the Trump administration's first term, TRAC noted. The report also said most of the immigration cases have to do with illegal reentry, and prosecutors filed 2,062 illegal reentry cases in February and 2,482 in March. Ambrocio-Perez struck the concrete pole at 3:10 p.m. on May 15, near 305 Walnut St., a location just off a roundabout. Springfield dispatchers received the 911 call from a person who said they saw the crash and the white van striking the curb several times before the collision. 'The citizen identified themselves as a member of Homeland Security,' said Springfield Police spokesperson Ryan Walsh in an email. The person detained the driver until police arrived. 'We do from time to time receive 911 calls from both on and off-duty members of law enforcement when they see a crime committed,' Walsh wrote in an email in response to questions. The ICE officer, Marco Mancilla, went up to the van and saw Ambrocio-Perez trying to drive away, according to an affidavit filed in federal court to support a criminal complaint by Richard Coleman, a deportation officer with ICE. 'Officer Mancilla directed Ambrocio-Perez to exit the Van and detained him until the SPD officers arrived. Ambrocio-Perez provided a Guatemalan identification card to Officer Mancilla,' Colman's affidavit said. It could not be determined for this story why Mancilla, an ICE officer, was in the area and witnessed an accident involving a person previously deported multiple times. Police arrested Ambrocio-Perez for operating an unregistered motor vehicle, not having a license to operate a motor vehicle and having an open container of alcohol. (The beer was still cool, according to the federal affidavit.) Springfield Police took him to Mercy Medical Center and booked him around 10 p.m. An hour later, a court clerk released Ambrocio-Perez on his own recognizance, Walsh said. James Covington, a spokesperson for ICE, said the agency goes case-by-case in deciding whether to keep a person in its custody to face local criminal charges — or whether they initiate removal proceedings right away. Another factor: whether local officials cooperate with ICE, or whether the agency needs to send between eight and 10 officers to arrest a subject at large, he said. 'If a victim is created, we want to make sure that person faces justice,' Covington said. The local court released Ambrocio-Perez before ICE could take immigration enforcement action against him, Coleman's affidavit said. Almost two weeks later, ICE officers watched Ambrocio-Perez leave a residence on Oakland Street and get into a vehicle. They stopped the car and 'conducted an administrative arrest,' according to Coleman's affidavit. At the time of his arrest, Ambrocio-Perez carried a Guatemalan identification card and a MassHealth card. They brought him to an ICE facility in Hartford, Connecticut, to process him, the affidavit said. On May 31, Ambrocio-Perez said he did not want to contest the determination of Patricia Hyde, ICE acting field office director, when she authorized his detention and removal from the country, according to Coleman's affidavit. Ambrocio-Perez has a history of 'persistent flouting of the immigration laws,' according to a memorandum filed Monday by U.S. Attorney Steven Breslow arguing for his detention until trial. Over the years, federal officials deported Ambrocio-Perez four times, according to Breslow. If convicted on this reentry charge, he could face up to 18 months in prison. Breslow also said Ambrocio-Perez used a series of aliases over the years during his encounters with police and immigration officials. Among the encounters described, he pleaded guilty in Florida to driving without a license in 2015. Massachusetts State Police charged him in 2012 with drunken driving after they said he was driving in a dangerous and erratic manner. Police in Florida, Breslow said, arrested him in 2018 after he drove away from a collision. Read the original article on MassLive.
Yahoo
09-07-2025
- Business
- Yahoo
Constellation Brands Stock is Down But Produced Good Earnings - Is STZ a Buy Here?
Constellation Brands (STZ), which sells Corona and Modelo beers, generated lower sales but maintained its free cash flow guidance. STZ stock is down from its highs. Based on its historical averages, it appears to be a bargain. What is the best way to play this? STZ is at $171.26 today, well off its recent peak of $195.62 on May 16. Nevertheless, value investors like the stock as the beer, wine, and spirits company is still profitable and trading at attractive buy-in levels. Chevron Stock's 4.6% Dividend Yield and 1.67% One Month Short Put Yield Make CVX a Buy Trading DAL Earnings? This Naked Put Play Benefits from Volatility How Unusual Options Standout Boston Scientific (BSX) is Signaling a Statistical Edge Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. On July 1, Constellation Brands reported that its fiscal Q1 2026 sales fell 6% YoY for the quarter ending May 31, 2025. That was driven by a 2% fall in beer sales (89% of sales) and a 28% drop in wine and spirits. Analysts had already been expecting a decline, but this was still lower by over -$40.8 million than expectations, according to Seeking Alpha. That decline (and expectations of it) undoubtedly led to STZ's faltering over the last 2 months. Nevertheless, its free cash flow (FCF) was very strong at $444 million, a 41% YoY increase. This was despite a 6% decrease in operating cash flow (capex was lower due to the timing of brewery investments and capex spending). As a result, Constellation said its guidance for the full year is between $1.5 billion and $1.6 billion in free cash flow. That can be seen in the table above from page 34 of its presentation deck. In effect, we can project $1.55 billion in FCF, or about 16.4% of forecast sales of $9.46 billion for the year ending Feb. 2026. That could lead to a significantly higher stock price. One way to value STZ stock is to assume that 100% of its FCF is paid out in dividends. What would the dividend yield be if that happened? Using that yield, we can estimate its future market value and potential upside. Right now, the dividend per share (DPS) is $4.08 annually, $1.02 paid quarterly. So the dividend yield is 2.38% (i.e., $4.08/$171.26). We can use that to estimate the FCF yield. Here's how. Since its dividend cost $182.2 million in Q1, or $728.8 million annually, the annual cost is 47% of the estimated $1.55 billion in forecasted annual FCF (see above). In other words, the FCF yield should be 4.49% (i.e., 2.38% DY / (1-47%) = 2.38% x 1.887 = 4.49%. Therefore, the future market cap can be estimated to be as follows: $1.55 billion FCF / 0.0449 = $34.52 billion market cap That is 14.5% higher than today's market cap of $30.15 billion, according to Yahoo! Finance. In other words, STZ stock is worth 14.5% more based on its FCF guidance and FCF yield: $171.26 x 1.145 = $196.09 target price Analysts project earnings per share (EPS) this year of $12.66 and next year at $13.74. So the next 12 months (NTM) run rate is $12.94 (weighting the 2026 figure by 75%). Morningstar reports that the average forward price/earnings (P/E) multiple has been 18.07x over the last 5 years. But Seeking Alpha says it has been lower at just 13.61x. That puts its average forward P/E multiple at 15.84x. Therefore, we can estimate its price target at: $12.94 x 15.84x = $204.97 per share But, to be conservative, using the lower 13.61x multiple, the target price is at $176.11 per share. The average dividend yield over the last 5 years has been 1.44% according to Morningstar. But Yahoo! Finance says it's been 1.49%, and Seeking Alpha reports 1.35%. So, using the average historical yield of 1.427%, we can estimate STZ's stock price if it reverts to an average historical dividend yield. Here's how: take its present dividend per share (DPS) and divide it by the average historical yield: $4.08 DPS / 0.01427 = $285.92 target price Therefore, let's compute the average of these three price targets: FCY Yield price …………… $196.09 P/E price …………………….. $176.11 Dividend Yield price …… $285.92 Average price target …… $219.37 per share That is +28% over today's price of $171.26. Note that this is highly skewed by the much higher dividend yield target. But even using the average of the first two price targets (i.e., $186.10) shows that STZ is at least 8.7% undervalued. The bottom line is that STZ looks to be a bargain here. Analysts tend to agree. For example, Yahoo! Finance shows that the average of 26 analysts is $210.29. Similarly, Barchart's survey target is $205.04, and Stock Analysis says 18 analysts have an average price target of $212.83. which tracks recent analyst write-ups, shows that 24 analysts have an average price of $214.94. That is close to my price target of $219.37. All in all, STZ looks like it has good upside here. But, given the stock's volatility, what is the best way to play it right now? One way to set a lower buy-in price and get paid while waiting is to sell short out-of-the-money put options. For example, the Aug. 8 expiry period shows that the $165 strike price put option has a premium of $2.78 per put contract. This strike is 3.7% lower than today's price but provides an immediate yield of 1.685% (i.e., $2.78/$165.00). If an investor can repeat this trade for 3 months, the expected return is over 5.0% (i.e., 1.685% x 3 = 5.055%). There is no guarantee this yield can be achieved each month. For more risk-averse investors, the $160 strike shows a midpoint premium of $1.88, or a short-put yield of 1.175% over the next month. The point is that this is a way to set a lower potential buy-in point, should STZ fall to these strike prices. And don't forget the breakeven point is lower, due to the income already received. For example, the $165 strike price play has a breakeven point of $162.22 (i.e., $165-$2.78), which is over 5% lower than today's trading price. The bottom line is that STZ looks cheap here, and shorting OTM puts is a way to profitably play it. On the date of publication, Mark R. Hake, CFA did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
08-07-2025
- Business
- Yahoo
2 Elite S&P 500 Dividend Stocks to Buy Now and Hold Forever
Constellation Brands sells some of the most popular imported beers, but the stock can be bought for a song right now. Home Depot still commands a small share of the home improvement market, making it an excellent dividend growth stock. 10 stocks we like better than Constellation Brands › It's nice to have cash deposited automatically deposited into your investment account on a regular basis. The S&P 500 (SNPINDEX: ^GSPC) includes some of the largest and best businesses in the world, and many of these companies can make solid income investments. Here are two S&P 500 companies that are offering much higher yields than the index's 1.21% average. Imported beer makes up nearly a fifth of all beer consumed in the U.S., according to the Beer Institute, and Constellation Brands (NYSE: STZ) is the top seller and importer of three of the top imported beers in the U.S.: Modelo, Pacifico, and Corona. Recent sales weakness due to macroeconomic issues has sent the stock down, but the company generates plenty of earnings to support growing dividends. Constellation Brands is paying out close to a third of its adjusted earnings in dividends. Its quarterly payment is $1.02, which increased this year by $0.01. This puts the stock's forward dividend yield at an attractive 2.37%. Top beverage makers like Constellation Brands can make great income investments. While sales can soften when consumer spending trends weaken, these companies are selling an affordable product that people consume throughout the year. This leads to stable sales, earnings, and dividends. Constellation has been paying a growing dividend since 2015. Beer makes up the far majority of the company' business, but it also generates a small amount of sales from wine and spirits. However, management has sold off some wine assets recently to improve the performance of that side of the business. Management is aiming to save more than $200 million annually in costs by fiscal 2028. This spells more earnings and dividend increases for shareholders. While the stock was falling this year, Constellation's beer business remained the top market share gainer in the first quarter, with six of the top 15 dollar share-gaining beer brands in the U.S. This makes the recent dip in the share price a good buying opportunity. The lower share price has brought the forward price-to-earnings multiple down to a cheap 13.6 at the time of writing. Management is still guiding for full-year adjusted earnings per share between $12.60 to $12.90. Investors not only get the benefit of the above-average dividend yield but could see a nice return on the stock over the next five years. Home Depot (NYSE: HD) is the world's largest home improvement retailer with 2,350 stores across the U.S., Puerto Rico, the U.S. Virgin Islands, Guam, Canada, and Mexico. Like Constellation Brands, Home Depot has experienced soft sales over the past year. However, the stock has held up quite well and could surge to new highs if interest rates come down. The stock is currently offering an attractive forward yield of 2.48%. Tariffs on imported goods raised concerns about the potential for higher inflation, but so far, inflation has been relatively muted. The longer this continues, the greater the chance the Federal Reserve will lower interest rates, which would make financing home projects more affordable and benefit Home Depot. The long-term trend of growing household net worth is a secular tailwind that has made Home Depot a solid growth stock, on top of its growing dividend. A $10,000 investment in the stock 20 years ago would be worth $107,000 today, or $176,000 including dividend reinvestment. Home Depot has paid 38 consecutive years of dividend payments, which are well covered by earnings. The company paid 61% of earnings in dividends to shareholders over the past year. It raised its quarterly dividend earlier this year by 2% to $2.30. Home Depot generates $162 billion in annual sales but is going after a $1 trillion addressable market in home improvement. It has a solid competitive position in an important segment of the economy that should lead to many more years of growing dividend payments. Before you buy stock in Constellation Brands, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Constellation Brands wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $699,558!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $976,677!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of July 7, 2025 John Ballard has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Home Depot. The Motley Fool recommends Constellation Brands. The Motley Fool has a disclosure policy. 2 Elite S&P 500 Dividend Stocks to Buy Now and Hold Forever was originally published by The Motley Fool
