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

Constellation Brands (NYSE:STZ) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

A number of other equities research analysts have also weighed in on STZ. Truist Financial lowered their price objective on Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a research note on Tuesday, January 14th. TD Cowen reduced their price objective on shares of Constellation Brands from $270.00 to $260.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $203.00 target price (down previously from $262.00) on shares of Constellation Brands in a research report on Monday, January 13th. Roth Capital reduced their price target on shares of Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Finally, UBS Group lowered their price objective on Constellation Brands from $265.00 to $223.00 and set a “buy” rating for the company in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $254.29.

Constellation Brands Stock Up 0.1 %

Shares of NYSE STZ traded up $0.20 during trading on Wednesday, reaching $172.79. 1,314,876 shares of the stock were exchanged, compared to its average volume of 2,816,255. The company has a market capitalization of $31.23 billion, a price-to-earnings ratio of 46.45, a price-to-earnings-growth ratio of 1.59 and a beta of 1.75. The business’s 50-day moving average price is $212.85 and its 200 day moving average price is $232.73. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. Constellation Brands has a twelve month low of $166.02 and a twelve month high of $274.87.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.19 EPS. As a group, equities analysts forecast that Constellation Brands will post 13.52 EPS for the current fiscal year.

Insider Activity at Constellation Brands

In related news, Director William T. Giles bought 1,000 shares of the stock in a transaction on Friday, January 17th. The shares were purchased at an average price of $186.39 per share, with a total value of $186,390.00. Following the purchase, the director now owns 1,463 shares in the company, valued at approximately $272,688.57. This represents a 215.98 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Wildstar Partners Llc sold 660 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total transaction of $159,060.00. Following the completion of the sale, the insider now directly owns 1,736,884 shares of the company’s stock, valued at approximately $418,589,044. This represents a 0.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 61,746 shares of company stock worth $15,017,097 in the last three months. 12.19% of the stock is owned by company insiders.

Institutional Trading of Constellation Brands

A number of hedge funds and other institutional investors have recently modified their holdings of STZ. State Street Corp raised its position in Constellation Brands by 6.0% in the third 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. Janus Henderson Group PLC raised its holdings in shares of Constellation Brands by 1.2% in the 3rd quarter. Janus Henderson Group PLC now owns 1,853,081 shares of the company’s stock worth $477,515,000 after purchasing an additional 21,454 shares in the last quarter. Van ECK Associates Corp lifted its stake in Constellation Brands by 1,844.7% during the fourth quarter. Van ECK Associates Corp now owns 924,274 shares of the company’s stock valued at $204,265,000 after purchasing an additional 876,745 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Constellation Brands by 23,184.7% during the third quarter. International Assets Investment Management LLC now owns 499,689 shares of the company’s stock worth $128,765,000 after buying an additional 497,543 shares in the last quarter. Finally, National Pension Service grew its position in Constellation Brands by 13.6% in the third quarter. National Pension Service now owns 381,755 shares of the company’s stock worth $98,374,000 after buying an additional 45,707 shares during the last quarter. Institutional investors 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.