Constellation Brands, Inc. (NYSE:STZ) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Constellation Brands, Inc. (NYSE:STZ) have earned an average recommendation of “Moderate Buy” from the twenty ratings firms that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $288.70.

Several research analysts have recently commented on the stock. Wells Fargo & Company decreased their price target on shares of Constellation Brands from $300.00 to $295.00 and set an “overweight” rating for the company in a report on Tuesday, November 26th. TD Cowen cut Constellation Brands from a “buy” rating to a “hold” rating and dropped their price target for the stock from $300.00 to $270.00 in a research report on Tuesday, October 8th. Royal Bank of Canada reissued an “outperform” rating and issued a $308.00 price target on shares of Constellation Brands in a report on Tuesday, November 19th. JPMorgan Chase & Co. lowered their price objective on Constellation Brands from $307.00 to $293.00 and set an “overweight” rating for the company in a research note on Friday, October 4th. Finally, Roth Mkm reissued a “buy” rating and set a $298.00 price target on shares of Constellation Brands in a report on Friday, October 4th.

Insider Activity at Constellation Brands

In other Constellation Brands news, CEO William A. Newlands sold 7,426 shares of Constellation Brands stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $237.24, for a total value of $1,761,744.24. Following the transaction, the chief executive officer now owns 7,274 shares in the company, valued at approximately $1,725,683.76. The trade was a 50.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert Sands sold 119,274 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $242.37, for a total value of $28,908,439.38. Following the sale, the director now owns 431,729 shares of the company’s stock, valued at $104,638,157.73. This trade represents a 21.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 189,956 shares of company stock valued at $46,058,091 over the last 90 days. 12.19% of the stock is currently owned by corporate insiders.

Institutional Trading of Constellation Brands

Several institutional investors and hedge funds have recently bought and sold shares of STZ. International Assets Investment Management LLC increased its position in shares of Constellation Brands by 23,184.7% in the third quarter. International Assets Investment Management LLC now owns 499,689 shares of the company’s stock worth $128,765,000 after acquiring an additional 497,543 shares in the last quarter. State Street Corp grew its position in Constellation Brands by 6.0% during the 3rd quarter. State Street Corp now owns 7,144,428 shares of the company’s stock worth $1,841,048,000 after purchasing an additional 402,211 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Constellation Brands by 31.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,002,332 shares of the company’s stock valued at $257,865,000 after purchasing an additional 241,982 shares during the period. NFJ Investment Group LLC boosted its position in shares of Constellation Brands by 617.3% in the third quarter. NFJ Investment Group LLC now owns 108,382 shares of the company’s stock worth $27,929,000 after buying an additional 93,273 shares during the period. Finally, World Investment Advisors LLC grew its holdings in shares of Constellation Brands by 4,601.2% during the third quarter. World Investment Advisors LLC now owns 87,771 shares of the company’s stock valued at $22,618,000 after buying an additional 85,904 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Trading Down 0.3 %

Shares of NYSE STZ opened at $221.92 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 1.25 and a debt-to-equity ratio of 1.31. The stock’s 50 day moving average price is $234.13 and its two-hundred day moving average price is $243.06. Constellation Brands has a 52-week low of $217.52 and a 52-week high of $274.87. The stock has a market capitalization of $40.29 billion, a P/E ratio of 71.82, a PEG ratio of 1.69 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Thursday, October 3rd. The company reported $4.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.08 by $0.24. Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. The firm had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.95 billion. During the same period last year, the business posted $3.70 earnings per share. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, analysts anticipate that Constellation Brands will post 13.57 earnings per share for the current fiscal year.

Constellation Brands Company Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.