More News from BarchartPerhaps the market has forgotten that Constellation Brands (STZ) is a major shareholder of Canopy Growth? Those exchangeable shares are convertible into common shares on a 1-for-1 basis, representing roughly 14% of the company’s stock if converted. About Constellation Brands StockWith its headquarters in Rochester, New York, Constellation Brands is the third-largest beer company in the U.S. and also a producer of high-end wine and spirits. With a market capitalization of $24.5 billion, STZ stock has had a rough 2025, down 37% on a year-to-date (YTD) basis. But one advantage to Constellation Brands is that it pays a solid dividend yield of 3%, which is substantially better than the sector average yield of 1.9%.