Constellation Brands (NYSE:STZ) Stock Rating Upgraded by StockNews.com

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

A number of other research analysts have also recently commented on the company. Roth Mkm reduced their price objective on Constellation Brands from $284.00 to $256.00 and set a “buy” rating on the stock in a research note on Thursday, April 3rd. Needham & Company LLC reissued a “buy” rating and set a $215.00 price target on shares of Constellation Brands in a research report on Thursday, April 10th. Citigroup decreased their price target on Constellation Brands from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Wells Fargo & Company dropped their price objective on shares of Constellation Brands from $230.00 to $210.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 2nd. Finally, Truist Financial raised shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $215.00 target price on the stock in a research report on Wednesday, May 7th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Constellation Brands currently has a consensus rating of “Moderate Buy” and an average target price of $225.74.

Constellation Brands Stock Down 1.4%

STZ opened at $192.93 on Tuesday. Constellation Brands has a 1 year low of $160.46 and a 1 year high of $265.70. The firm has a 50 day moving average price of $184.28 and a 200 day moving average price of $198.69. 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 company has a market cap of $34.35 billion, a PE ratio of 51.86, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.35. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the previous year, the firm earned $2.26 earnings per share. Constellation Brands’s revenue for the quarter was up 1.2% on a year-over-year basis. Sell-side analysts expect that Constellation Brands will post 13.5 earnings per share for the current year.

Insider Activity at Constellation Brands

In related news, EVP Samuel J. Glaetzer sold 3,150 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $188.54, for a total transaction of $593,901.00. Following the sale, the executive vice president now owns 3,126 shares in the company, valued at $589,376.04. This represents a 50.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 12.19% of the company’s stock.

Hedge Funds Weigh In On Constellation Brands

Several institutional investors have recently made changes to their positions in STZ. Van ECK Associates Corp boosted its position in shares of Constellation Brands by 1,844.7% during the fourth quarter. Van ECK Associates Corp now owns 924,274 shares of the company’s stock worth $204,265,000 after buying an additional 876,745 shares during the period. Copperleaf Capital LLC acquired a new position in Constellation Brands during the 4th quarter valued at about $343,000. Grimes & Company Inc. acquired a new position in Constellation Brands during the 4th quarter valued at about $6,099,000. Empowered Funds LLC raised its position in shares of Constellation Brands by 62.8% during the 4th quarter. Empowered Funds LLC now owns 16,575 shares of the company’s stock worth $3,663,000 after buying an additional 6,391 shares in the last quarter. Finally, Southern Style Financial Inc. bought a new stake in shares of Constellation Brands during the 4th quarter worth about $3,074,000. 77.34% of the stock is owned by institutional investors.

About Constellation Brands

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.