Constellation Brands (NYSE:STZ) Reaches New 12-Month Low Following Analyst Downgrade

Constellation Brands, Inc. (NYSE:STZ) reached a new 52-week low during mid-day trading on Wednesday after Barclays lowered their price target on the stock from $300.00 to $282.00. Barclays currently has an overweight rating on the stock. Constellation Brands traded as low as $217.47 and last traded at $219.26, with a volume of 78160 shares. The stock had previously closed at $218.51.

STZ has been the subject of a number of other research reports. BNP Paribas started coverage on Constellation Brands in a research note on Monday, November 25th. They issued a “neutral” rating and a $261.00 price objective for the company. JPMorgan Chase & Co. decreased their price objective on shares of Constellation Brands from $293.00 to $262.00 and set an “overweight” rating for the company in a report on Tuesday. Wells Fargo & Company lowered their price objective on shares of Constellation Brands from $295.00 to $275.00 and set an “overweight” rating on the stock in a research report on Tuesday. Evercore ISI reduced their target price on shares of Constellation Brands from $310.00 to $300.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. Finally, Truist Financial dropped their price objective on Constellation Brands from $265.00 to $255.00 and set a “hold” rating on the stock in a research note on Friday, October 4th. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $285.25.

Insider Activity at Constellation Brands

In other news, EVP Samuel J. Glaetzer sold 1,510 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $245.57, for a total transaction of $370,810.70. Following the sale, the executive vice president now owns 4,970 shares in the company, valued at approximately $1,220,482.90. The trade was a 23.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP James A. Jr. Sabia sold 36,086 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $242.99, for a total transaction of $8,768,537.14. Following the completion of the sale, the executive vice president now owns 16,042 shares in the company, valued at approximately $3,898,045.58. This trade represents a 69.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 189,956 shares of company stock worth $46,058,091 over the last 90 days. 12.19% of the stock is owned by company insiders.

Institutional Trading of Constellation Brands

Institutional investors have recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC bought a new stake in shares of Constellation Brands during the 2nd quarter valued at about $36,000. Wellington Shields & Co. LLC increased its holdings in Constellation Brands by 50.0% during the second quarter. Wellington Shields & Co. LLC now owns 150 shares of the company’s stock valued at $39,000 after buying an additional 50 shares during the last quarter. Eastern Bank purchased a new stake in shares of Constellation Brands in the third quarter worth $39,000. Versant Capital Management Inc grew its holdings in shares of Constellation Brands by 887.5% in the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after purchasing an additional 142 shares in the last quarter. Finally, FSA Wealth Management LLC bought a new stake in Constellation Brands in the third quarter worth $42,000. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Constellation Brands Trading Up 0.3 %

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 is $233.49 and its 200-day moving average is $242.46. The company has a market cap of $39.80 billion, a PE ratio of 70.95, a P/E/G ratio of 1.69 and a beta of 1.75.

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.