Constellation Brands Chair Bought Up Stock

Christopher J. Baldwin bought 2,000 shares of beer and wine maker Constellation over July 7 and July 8. (RONALDO SCHEMIDT/AFP via Getty Images)

Constellation Brands stock has tumbled in 2025, and its nonexecutive board chair just bought a large block of shares of the beer, wine, and spirits maker.

Earnings have been dragged down by tariff talk, along with general consumer weakness, including in its core Hispanic demographic. The company imports Modelo and Corona beers.

Constellation stock has lost about a quarter of its value year to date, and remains near a 52-week low of $159.35 set on June 20.

Christopher J. Baldwin paid $340,886 on July 7 and July 8 for a total of 2,000 Constellation shares, an average price of $170.44 each. Baldwin now owns 2,208 shares in a personal account, according to a form that he filed with the Securities and Exchange Commission. It’s Baldwin’s first open-market purchase of Constellation stock since he joined the board in 2024. Other shares he owns were gleaned from the vesting of restricted stock units.

CVC Advisors, a global private-markets manager that Baldwin serves as a managing partner, said Baldwin declined to comment on his Constellation stock purchase.

Baldwin is only the second Constellation insider to buy this year, following director William T. Giles’ $186,390 purchase of 1,000 shares in January.

Constellation sold wine brands including Cook’s, Robert Mondavi Private Selection, and Woodbridge in early June to Wine Group of Livermore, Calif. Constellation said in a news release that the sale will allow the company to focus on its higher-end brands.

Inside Scoop is a regular Barron’s feature covering stock transactions by corporate executives and board members—so-called insiders—as well as large shareholders, politicians, and other prominent figures. Due to their insider status, these investors are required to disclose stock trades with the Securities and Exchange Commission or other regulatory groups.

Write to Ed Lin at edward.lin@barrons.com