Constellation Brands (STZ) – Research Analysts’ Weekly Ratings Updates

Constellation Brands (NYSE: STZ) recently received a number of ratings updates from brokerages and research firms:

• 10/15/2024 – Constellation Brands had its price target lowered by analysts at BMO Capital Markets from $315.00 to $305.00. They now have an “outperform” rating on the stock.
• 10/8/2024 – Constellation Brands was downgraded by analysts at TD Cowen from a “buy” rating to a “hold” rating. They now have a $270.00 price target on the stock, down previously from $300.00.
• 10/7/2024 – Constellation Brands had its price target lowered by analysts at Barclays PLC from $309.00 to $300.00. They now have an “overweight” rating on the stock.
• 10/7/2024 – Constellation Brands had its “neutral” rating reaffirmed by analysts at Bank of America Co.. They now have a $255.00 price target on the stock, down previously from $300.00.
• 10/4/2024 – Constellation Brands had its price target lowered by analysts at JPMorgan Chase & Co. from $307.00 to $293.00. They now have an “overweight” rating on the stock.
• 10/4/2024 – Constellation Brands had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $308.00 price target on the stock.
• 10/4/2024 – Constellation Brands had its price target lowered by analysts at Evercore ISI from $310.00 to $300.00. They now have an “outperform” rating on the stock.
• 10/4/2024 – Constellation Brands had its price target lowered by analysts at Truist Financial Co. from $265.00 to $255.00. They now have a “hold” rating on the stock.
• 10/4/2024 – Constellation Brands had its “buy” rating reaffirmed by analysts at Roth Mkm. They now have a $298.00 price target on the stock.
• 9/24/2024 – Constellation Brands had its price target raised by analysts at Barclays PLC from $295.00 to $309.00. They now have an “overweight” rating on the stock.
• 9/17/2024 – Constellation Brands had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $308.00 price target on the stock.
• 9/9/2024 – Constellation Brands had its price target lowered by analysts at UBS Group AG from $320.00 to $295.00. They now have a “buy” rating on the stock.
• 9/4/2024 – Constellation Brands had its price target lowered by analysts at Roth Mkm from $303.00 to $298.00. They now have a “buy” rating on the stock.
• 9/3/2024 – Constellation Brands had its price target lowered by analysts at JPMorgan Chase & Co. from $320.00 to $307.00. They now have an “overweight” rating on the stock.
• 9/3/2024 – Constellation Brands had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $308.00 price target on the stock.
• 8/26/2024 – Constellation Brands had its price target lowered by analysts at Morgan Stanley from $305.00 to $280.00. They now have an “overweight” rating on the stock.

Constellation Brands Price Performance

Shares of Constellation Brands stock opened at $244.00 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31. Constellation Brands, Inc. has a twelve month low of $227.64 and a twelve month high of $274.87. The stock has a market capitalization of $44.65 billion, a P/E ratio of 18.18, a PEG ratio of 1.70 and a beta of 1.75. The business’s fifty day moving average price is $246.39 and its 200 day moving average price is $251.89.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Thursday, October 3rd. The company reported $4.32 earnings per share for the quarter, topping analysts’ consensus estimates of $4.08 by $0.24. Constellation Brands had a net margin of 5.29% and a return on equity of 25.34%. The firm had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.95 billion. During the same period in the prior year, the company earned $3.70 EPS. The firm’s revenue was up 2.9% on a year-over-year basis. As a group, research analysts anticipate that Constellation Brands, Inc. will post 13.57 earnings per share for the current year.

Constellation Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Tuesday, November 5th will be issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Tuesday, November 5th. Constellation Brands’s payout ratio is 30.10%.

Insider Activity

In other Constellation Brands news, Director Daniel J. Mccarthy sold 1,854 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $252.43, for a total transaction of $468,005.22. Following the completion of the transaction, the director now directly owns 3,232 shares of the company’s stock, valued at $815,853.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other 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 sale, the executive vice president now directly owns 4,970 shares in the company, valued at approximately $1,220,482.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel J. Mccarthy sold 1,854 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $252.43, for a total value of $468,005.22. Following the completion of the sale, the director now directly owns 3,232 shares in the company, valued at $815,853.76. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,947 shares of company stock worth $4,098,736 over the last ninety days. Corporate insiders own 12.19% of the company’s stock.

Institutional Trading of Constellation Brands

Several hedge funds have recently bought and sold shares of STZ. New Millennium Group LLC acquired a new position in shares of Constellation Brands during the 2nd quarter valued at $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Constellation Brands in the 2nd quarter worth $29,000. Horizon Bancorp Inc. IN acquired a new position in shares of Constellation Brands during the 2nd quarter worth about $32,000. Kapitalo Investimentos Ltda acquired a new position in shares of Constellation Brands during the fourth quarter worth approximately $35,000. Finally, First Financial Corp IN acquired a new position in Constellation Brands during the 1st quarter valued at $35,000. 77.34% of the stock is currently owned by institutional investors.

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.