The company's revenue 15% year-over-year. TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio and owner of Bar San Miguel, can attest to the demand Constellation is seeing for its Corona and Modelo brands.
"This is the beer that people want," Cramer said on CNBC's "Mad Dash" segment. Constellation has some of the most impressive growth in the entire consumer packaged goods space, as he said earlier this week.
Constellation made "remarkable" acquisitions to get these brands, he said, but the company has done an even better job transforming them into stronger, more sought-after beers. Cramer said the company's wines, spirits and craft beers, are also doing well.
Shares are now up 14% on the year and 40% over the past 12 months.
At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.