Constellation Brands, Inc. (NYSE:STZ) Receives Average Rating of “Moderate Buy” from Analysts

Constellation Brands, Inc. (NYSE:STZ) has received an average recommendation of “Moderate Buy” from the twenty brokerages that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $288.70.

Several brokerages have recently commented on STZ. TD Cowen lowered Constellation Brands from a “buy” rating to a “hold” rating and decreased their price objective for the company from $300.00 to $270.00 in a report on Tuesday, October 8th. Wells Fargo & Company decreased their price target on Constellation Brands from $300.00 to $295.00 and set an “overweight” rating for the company in a research note on Tuesday, November 26th. Roth Mkm restated a “buy” rating and set a $298.00 price target on shares of Constellation Brands in a research note on Friday, October 4th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $308.00 price objective on shares of Constellation Brands in a research report on Tuesday, November 19th. Finally, Evercore ISI lowered 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 note on Friday, October 4th.

Constellation Brands Price Performance

STZ opened at $221.00 on Wednesday. The firm has a market capitalization of $40.13 billion, a PE ratio of 71.52, a price-to-earnings-growth ratio of 1.69 and a beta of 1.75. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.25 and a quick ratio of 0.53. The business’s 50-day moving average is $235.25 and its two-hundred day moving average is $243.94. Constellation Brands has a 1 year low of $219.54 and a 1 year high of $274.87.

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

Insider Buying and Selling

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 1,510 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $245.57, for a total transaction of $370,810.70. Following the completion of the transaction, the executive vice president now owns 4,970 shares of the company’s stock, valued at $1,220,482.90. This represents a 23.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Wildstar Partners Llc sold 660 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 1,736,884 shares in the company, valued at approximately $418,589,044. This trade represents a 0.04 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 189,956 shares of company stock valued at $46,058,091. 12.19% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in STZ. Paloma Partners Management Co lifted its stake in Constellation Brands by 568.4% in the 3rd quarter. Paloma Partners Management Co now owns 30,000 shares of the company’s stock worth $7,731,000 after purchasing an additional 25,512 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Constellation Brands by 318.8% in the third quarter. Empowered Funds LLC now owns 10,184 shares of the company’s stock valued at $2,624,000 after purchasing an additional 7,752 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in Constellation Brands by 3.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 84,204 shares of the company’s stock worth $21,699,000 after buying an additional 2,980 shares in the last quarter. WealthPlan Investment Management LLC lifted its position in Constellation Brands by 29.5% during the third quarter. WealthPlan Investment Management LLC now owns 30,160 shares of the company’s stock worth $7,772,000 after buying an additional 6,867 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC acquired a new position in Constellation Brands during the third quarter worth $2,132,000. 77.34% of the stock is 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.