Jim Cramer: Constellation stock would be much higher if it listened to me on wine and spirits

Constellation Brands moved higher Monday, adding to gains made Friday after the Modelo and Corona maker delivered solid quarterly beer numbers.

The company, overall, reported a mixed fiscal 2024 third quarter Friday morning, delivering solid Beer segment performance with strong profitability. However, its lagging Wine & Spirits continued to disappoint, with management cutting their full-year financial outlook on the segment. Still, overall, Constellation raised its full-year earnings and cash flow outlook.