Constellation Brands (NYSE:STZ) Price Target Lowered to $262.00 at JPMorgan Chase & Co.

Constellation Brands (NYSE:STZ) had its price target decreased by stock analysts at JPMorgan Chase & Co. from $293.00 to $262.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 18.93% from the stock’s previous close.

Several other research analysts have also recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $280.00 target price on shares of Constellation Brands in a research report on Friday, December 20th. Roth Mkm reiterated a “buy” rating and set a $298.00 target price on shares of Constellation Brands in a research report on Friday, October 4th. Evercore ISI decreased their price target on shares of Constellation Brands from $310.00 to $300.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. TD Cowen cut shares of Constellation Brands from a “buy” rating to a “hold” rating and reduced their price target for the stock from $300.00 to $270.00 in a research report on Tuesday, October 8th. Finally, Barclays lowered their price objective on Constellation Brands from $309.00 to $300.00 and set an “overweight” rating for the company in a research note on Monday, October 7th. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $286.15.

Constellation Brands Stock Down 1.2 %

Shares of NYSE:STZ traded down $2.64 during trading on Tuesday, reaching $220.29. 846,478 shares of the stock traded hands, compared to its average volume of 1,416,516. The stock has a market cap of $40.00 billion, a P/E ratio of 71.29, a price-to-earnings-growth ratio of 1.69 and a beta of 1.75. The stock has a 50-day moving average of $233.85 and a two-hundred day moving average of $242.78. Constellation Brands has a 52-week low of $217.52 and a 52-week high of $274.87. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.53 and a current ratio of 1.25.

Insider Transactions at Constellation Brands

In related news, EVP Samuel J. Glaetzer sold 1,510 shares of Constellation Brands stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $245.57, for a total value of $370,810.70. Following the completion of the sale, the executive vice president now owns 4,970 shares in the company, valued at approximately $1,220,482.90. This trade represents a 23.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Wildstar Partners Llc sold 660 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $241.00, for a total value of $159,060.00. Following the completion of the sale, the insider now owns 1,736,884 shares in the company, valued at $418,589,044. This represents a 0.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 189,956 shares of company stock worth $46,058,091 in the last quarter. Company insiders own 12.19% of the company’s stock.

Institutional Trading of Constellation Brands

Several hedge funds have recently made changes to their positions in STZ. International Assets Investment Management LLC grew its stake 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 raised its position in shares of 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 acquiring an additional 402,211 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Constellation Brands by 31.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,002,332 shares of the company’s stock worth $257,865,000 after purchasing an additional 241,982 shares during the last quarter. NFJ Investment Group LLC increased its stake in Constellation Brands by 617.3% in the third quarter. NFJ Investment Group LLC now owns 108,382 shares of the company’s stock valued at $27,929,000 after purchasing an additional 93,273 shares during the last quarter. Finally, World Investment Advisors LLC lifted its position in shares of Constellation Brands by 4,601.2% during the 3rd quarter. World Investment Advisors LLC now owns 87,771 shares of the company’s stock worth $22,618,000 after buying an additional 85,904 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

About Constellation Brands

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.