UBS Group Issues Pessimistic Forecast for Constellation Brands (NYSE:STZ) Stock Price

Constellation Brands (NYSE:STZ) had its target price dropped by stock analysts at UBS Group from $265.00 to $223.00 in a research report issued to clients and investors on Friday. The firm presently has a “buy” rating on the stock. UBS Group’s price target indicates a potential upside of 21.16% from the company’s current price.

Several other research analysts also recently issued reports on the company. Piper Sandler lowered their price objective on Constellation Brands from $300.00 to $245.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Evercore ISI decreased their price target on shares of Constellation Brands from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Argus lowered shares of Constellation Brands from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. BNP Paribas initiated coverage on Constellation Brands in a report on Monday, November 25th. They issued a “neutral” rating and a $261.00 price objective for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $280.00 target price on shares of Constellation Brands in a report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Constellation Brands has an average rating of “Moderate Buy” and an average price target of $259.05.

Constellation Brands Price Performance

STZ stock opened at $184.05 on Friday. The stock has a market cap of $33.42 billion, a price-to-earnings ratio of 49.48, a P/E/G ratio of 1.28 and a beta of 0.91. 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 company has a 50 day simple moving average of $226.75 and a 200 day simple moving average of $238.96. Constellation Brands has a 1 year low of $176.51 and a 1 year high of $274.87.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Friday, January 10th. The company reported $3.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.33 by ($0.08). Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same quarter last year, the company posted $3.19 earnings per share. The firm’s quarterly revenue was down .3% on a year-over-year basis. Research analysts anticipate that Constellation Brands will post 13.72 EPS for the current fiscal year.

Insider Transactions at Constellation Brands

In other Constellation Brands news, CEO William A. Newlands sold 25,000 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $243.58, for a total transaction of $6,089,500.00. Following the transaction, the chief executive officer now owns 7,274 shares in the company, valued at approximately $1,771,800.92. This represents a 77.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Wildstar Partners Llc sold 660 shares of Constellation Brands stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $241.00, for a total transaction of $159,060.00. Following the transaction, the insider now owns 1,736,884 shares of the company’s stock, valued at $418,589,044. This represents a 0.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 69,172 shares of company stock valued at $16,778,841 in the last 90 days. 12.19% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Constellation Brands

Several large investors have recently added to or reduced their stakes in STZ. Oakworth Capital Inc. raised its stake in shares of Constellation Brands by 4.4% in the third quarter. Oakworth Capital Inc. now owns 989 shares of the company’s stock worth $255,000 after purchasing an additional 42 shares during the last quarter. PFG Investments LLC raised its position in Constellation Brands by 3.8% in the 3rd quarter. PFG Investments LLC now owns 1,150 shares of the company’s stock valued at $296,000 after buying an additional 42 shares during the last quarter. Brighton Jones LLC lifted its stake in Constellation Brands by 4.7% during the 2nd quarter. Brighton Jones LLC now owns 950 shares of the company’s stock valued at $244,000 after acquiring an additional 43 shares in the last quarter. Metis Global Partners LLC boosted its holdings in Constellation Brands by 0.8% during the 3rd quarter. Metis Global Partners LLC now owns 5,570 shares of the company’s stock worth $1,435,000 after acquiring an additional 46 shares during the last quarter. Finally, Rosenberg Matthew Hamilton boosted its holdings in Constellation Brands by 6.2% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 858 shares of the company’s stock worth $221,000 after acquiring an additional 50 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.

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.