Constellation Brands (NYSE:STZ) Downgraded by StockNews.com to “Sell”

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

STZ has been the subject of a number of other research reports. Truist Financial decreased their target price on shares of Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a research report on Tuesday, January 14th. Wells Fargo & Company reduced their target price on shares of Constellation Brands from $230.00 to $210.00 and set an “overweight” rating for the company in a report on Wednesday, April 2nd. The Goldman Sachs Group decreased their price objective on Constellation Brands from $260.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Roth Capital dropped their price objective on shares of Constellation Brands from $298.00 to $284.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Finally, Barclays raised their target price on shares of Constellation Brands from $203.00 to $207.00 and gave the stock an “overweight” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, Constellation Brands currently has a consensus rating of “Hold” and a consensus target price of $224.42.

Constellation Brands Stock Down 0.4 %

Shares of NYSE STZ opened at $183.18 on Thursday. Constellation Brands has a 52-week low of $160.46 and a 52-week high of $265.70. The stock has a market cap of $33.11 billion, a P/E ratio of 49.24, a P/E/G ratio of 1.52 and a beta of 1.75. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. The firm has a 50 day moving average price of $177.69 and a 200 day moving average price of $207.87.

Constellation Brands (NYSE:STZ) last posted its earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.28 by $0.35. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the prior year, the business earned $2.26 EPS. Constellation Brands’s revenue for the quarter was up 1.2% compared to the same quarter last year. Analysts expect that Constellation Brands will post 13.5 EPS for the current year.

Insider Activity at Constellation Brands

In related news, Director William T. Giles purchased 1,000 shares of the stock in a transaction dated Friday, January 17th. The stock was bought at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the acquisition, the director now owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. This represents a 215.98 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 12.19% of the stock is owned by insiders.

Institutional Investors Weigh In On Constellation Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of STZ. Vanguard Group Inc. grew its holdings in shares of Constellation Brands by 13.3% during the fourth quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company’s stock worth $3,433,188,000 after purchasing an additional 1,821,969 shares during the last quarter. Capital World Investors grew its holdings in Constellation Brands by 3.4% during the 4th quarter. Capital World Investors now owns 9,755,602 shares of the company’s stock worth $2,155,946,000 after acquiring an additional 324,690 shares during the last quarter. Berkshire Hathaway Inc acquired a new position in Constellation Brands in the 4th quarter valued at approximately $1,242,976,000. Geode Capital Management LLC raised its stake in shares of Constellation Brands by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 3,204,003 shares of the company’s stock valued at $705,844,000 after acquiring an additional 63,323 shares during the last quarter. Finally, Capital Research Global Investors lifted its holdings in shares of Constellation Brands by 0.6% during the fourth quarter. Capital Research Global Investors now owns 2,901,975 shares of the company’s stock worth $641,336,000 after purchasing an additional 18,557 shares during the period. 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.