Constellation Brands (NYSE:STZ) Sets New 52-Week Low – What’s Next?

Constellation Brands, Inc. (NYSE:STZ)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $224.72 and last traded at $224.72, with a volume of 169137 shares trading hands. The stock had previously closed at $227.63.

Wall Street Analysts Forecast Growth

Several analysts recently commented on STZ shares. Needham & Company LLC reissued a “buy” rating and set a $280.00 price objective on shares of Constellation Brands in a research report on Friday, December 20th. Wells Fargo & Company lowered their price target on Constellation Brands from $300.00 to $295.00 and set an “overweight” rating on the stock in a report on Tuesday, November 26th. Truist Financial lowered their target price on shares of Constellation Brands from $265.00 to $255.00 and set a “hold” rating on the stock in a research note on Friday, October 4th. Royal Bank of Canada reissued an “outperform” rating and set a $308.00 price objective on shares of Constellation Brands in a report on Tuesday, November 19th. Finally, UBS Group cut their price target on Constellation Brands from $320.00 to $295.00 and set a “buy” rating for the company in a research note on Monday, September 9th. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $288.70.

Constellation Brands Stock Performance

The company has a market cap of $40.92 billion, a price-to-earnings ratio of 72.94, a P/E/G ratio of 1.69 and a beta of 0.90. The stock’s fifty day simple moving average is $237.11 and its 200 day simple moving average is $244.99. The company has a current ratio of 1.25, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31.

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

Constellation Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th were given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date was Tuesday, November 5th. Constellation Brands’s dividend payout ratio is presently 130.74%.

Insider Buying and Selling at Constellation Brands

In other news, CEO William A. Newlands sold 7,426 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 7,274 shares in the company, valued at $1,725,683.76. This trade represents a 50.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Samuel J. Glaetzer sold 1,510 shares of the company’s stock in a transaction 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 directly owns 4,970 shares in the company, valued at $1,220,482.90. This trade represents a 23.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 189,956 shares of company stock valued at $46,058,091 in the last three months. 12.19% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC acquired a new stake in Constellation Brands during the second quarter worth about $36,000. Wellington Shields & Co. LLC boosted its position in Constellation Brands by 50.0% in the 2nd 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 Constellation Brands during the 3rd quarter worth approximately $39,000. Denver PWM LLC acquired a new stake in shares of Constellation Brands during the second quarter worth approximately $42,000. Finally, FSA Wealth Management LLC acquired a new stake in Constellation Brands in the third quarter valued at $42,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

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.