Constellation Brands (NYSE:STZ) Rating Lowered to Sell at StockNews.com

StockNews.com cut shares of Constellation Brands (NYSE:STZ) from a hold rating to a sell rating in a research report sent to investors on Wednesday.

Several other equities research analysts also recently weighed in on STZ. Piper Sandler downgraded Constellation Brands from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $245.00 to $200.00 in a report on Monday, February 3rd. Wells Fargo & Company reduced their price target on shares of Constellation Brands from $295.00 to $275.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Argus downgraded shares of Constellation Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Truist Financial reduced their target price on shares of Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a research report on Tuesday, January 14th. Finally, BNP Paribas began coverage on Constellation Brands in a report on Monday, November 25th. They issued a “neutral” rating and a $261.00 target price for the company. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Constellation Brands has an average rating of “Moderate Buy” and a consensus target price of $254.29.

Constellation Brands Price Performance

NYSE:STZ opened at $178.22 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $32.21 billion, a P/E ratio of 47.91, a P/E/G ratio of 1.52 and a beta of 1.75. Constellation Brands has a 12 month low of $160.46 and a 12 month high of $274.87. The business’s 50-day moving average is $191.11 and its 200 day moving average is $224.51.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.08). The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The company’s revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.19 earnings per share. On average, equities research analysts forecast that Constellation Brands will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a $1.01 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.27%. Constellation Brands’s payout ratio is 108.60%.

Insider Activity at Constellation Brands

In other news, Director William T. Giles bought 1,000 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was purchased at an average cost of $186.39 per share, with a total value of $186,390.00. Following the acquisition, the director now directly owns 1,463 shares in the company, valued at $272,688.57. This trade represents a 215.98 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 12.19% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of STZ. Allspring Global Investments Holdings LLC raised its holdings in Constellation Brands by 17.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 12,361 shares of the company’s stock worth $3,185,000 after purchasing an additional 1,833 shares during the period. Arkadios Wealth Advisors grew its stake in Constellation Brands by 60.2% in the 3rd quarter. Arkadios Wealth Advisors now owns 2,363 shares of the company’s stock valued at $609,000 after acquiring an additional 888 shares during the period. PFG Investments LLC increased its holdings in Constellation Brands by 3.8% in the 3rd quarter. PFG Investments LLC now owns 1,150 shares of the company’s stock worth $296,000 after acquiring an additional 42 shares in the last quarter. Modera Wealth Management LLC purchased a new stake in Constellation Brands in the 3rd quarter worth $207,000. Finally, State of Alaska Department of Revenue lifted its holdings in Constellation Brands by 4.0% during the third quarter. State of Alaska Department of Revenue now owns 18,201 shares of the company’s stock valued at $4,690,000 after purchasing an additional 695 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

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.