According to CNBC, Jim Cramer's Charitable Trust initiated a position in Constellation Brands, buying 270 shares at roughly $145 each; the holding represents about 1% of the portfolio. The trust set a $165 price target and said the purchase supports its plan to diversify beyond companies tied to data center construction. Constellation trades at roughly 12 times next-12-month earnings estimates and yields nearly 3%. Last month, the company reported net sales growth of 6% year over year and adjusted earnings per share of $3.74, above the $3.56 consensus estimate.
