Shortly after the opening bell, we will be buying 25 shares of Constellation Brands at roughly $241.06. Following the trade, Jim Cramer's Charitable Trust will own 400 shares of STZ, increasing its weighting to 2.75% from 2.58%. We are buying some shares of Constellation Bands now that we are no longer restricted from trading the beer maker's stock.
Sure, growth in its Mexican beer business took a bit of a hit in the quarter, but some of the blame was due to the broader economic environment and the recent rise in Hispanic unemployment rates. We thought the September nonfarm payroll report, which showed the Hispanic unemployment rate falling to 5.1% from 5.5% in August, was a positive sign of the future. Hispanic consumers are fiercely loyal to Modelo and Corona .