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

Constellation Brands, Inc. (NYSE:STZ) has been assigned an average rating of “Moderate Buy” from the twenty analysts that are presently covering the firm, MarketBeat.com reports. Ten analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $240.65.

STZ has been the subject of a number of recent research reports. TD Cowen cut their price target on Constellation Brands from $270.00 to $260.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. StockNews.com upgraded shares of Constellation Brands from a “sell” rating to a “hold” rating in a research report on Wednesday. Jefferies Financial Group reiterated a “hold” rating and issued a $201.00 price target (down from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th. Truist Financial cut their price objective 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. Finally, Royal Bank of Canada lowered their target price on Constellation Brands from $293.00 to $289.00 and set an “outperform” rating on the stock in a research report on Friday, March 7th.

Insider Transactions at Constellation Brands

In other news, Director William T. Giles acquired 1,000 shares of the firm’s stock in a transaction dated Friday, January 17th. The shares were acquired at an average cost of $186.39 per share, with a total value of $186,390.00. Following the acquisition, the director now directly owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 12.19% of the company’s stock.

Institutional Investors Weigh In On Constellation Brands

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Constellation Brands by 13.3% during the fourth quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company’s stock valued at $3,433,188,000 after purchasing an additional 1,821,969 shares during the last quarter. Capital World Investors lifted its holdings in shares of Constellation Brands by 3.4% in the 4th quarter. Capital World Investors now owns 9,755,602 shares of the company’s stock valued at $2,155,946,000 after acquiring an additional 324,690 shares during the last quarter. Berkshire Hathaway Inc purchased a new position in Constellation Brands in the fourth quarter worth about $1,242,976,000. Geode Capital Management LLC increased its stake in Constellation Brands by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 3,204,003 shares of the company’s stock worth $705,844,000 after acquiring an additional 63,323 shares during the last quarter. Finally, Capital Research Global Investors increased its stake in 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 acquiring an additional 18,557 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Up 0.7 %

Shares of Constellation Brands stock opened at $184.61 on Friday. Constellation Brands has a twelve month low of $160.46 and a twelve month high of $274.87. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The company’s 50 day moving average is $176.60 and its 200 day moving average is $209.49. The company has a market cap of $33.36 billion, a price-to-earnings ratio of 49.63, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75.

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

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.