Jim Cramer -- Time to Buy Constellation Brands

Shares of Constellation Brands (STZ)  are flat Monday, despite an upgrade to buy from neutral by analysts at SunTrust Robinson Humphrey. 

The stock has been a strong performer, even though it's been somewhat ignored due to the attention on other M&A plays in the industry, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Stop Trading" segment. 

It's been a "very good stock... an unbelievable performer," Cramer added, and the company continues to post double-digit growth.

"I suggest that people buy it right here," Cramer said, noting he agrees with the analysts' recent upgrade and says the stock has "been fantastic."

Shares are up more than 20% over the past year, and a whopping 631% over the past five years. Constellation Brands, which owns strong beer brands including Corona and Modelo, is also seeing good growth in wine and craft beers, he said. 

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

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