Brokerages Set Constellation Brands, Inc. (NYSE:STZ) Target Price at $288.70

Shares of Constellation Brands, Inc. (NYSE:STZ) have been assigned an average recommendation of “Moderate Buy” from the twenty analysts that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $288.70.

A number of equities research analysts have recently weighed in on STZ shares. Truist Financial cut their price target on Constellation Brands from $265.00 to $255.00 and set a “hold” rating for the company in a research note on Friday, October 4th. Bank of America reiterated a “neutral” rating and issued a $255.00 target price (down from $300.00) on shares of Constellation Brands in a research note on Monday, October 7th. Barclays decreased their target price on shares of Constellation Brands from $309.00 to $300.00 and set an “overweight” rating for the company in a research report on Monday, October 7th. Wells Fargo & Company cut their price target on shares of Constellation Brands from $300.00 to $295.00 and set an “overweight” rating on the stock in a report on Tuesday, November 26th. Finally, BNP Paribas began coverage on shares of Constellation Brands in a report on Monday, November 25th. They issued a “neutral” rating and a $261.00 price objective for the company.

Insider Transactions at Constellation Brands

In related news, EVP James A. Jr. Sabia sold 36,086 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $242.99, for a total value of $8,768,537.14. Following the completion of the transaction, the executive vice president now directly owns 16,042 shares in the company, valued at approximately $3,898,045.58. This represents a 69.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Wildstar Partners Llc sold 660 shares of Constellation Brands stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total transaction of $159,060.00. Following the sale, the insider now owns 1,736,884 shares in the company, valued at $418,589,044. This represents a 0.04 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 189,956 shares of company stock worth $46,058,091. 12.19% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Constellation Brands

A number of hedge funds have recently made changes to their positions in the business. Rothschild Investment LLC acquired a new stake in Constellation Brands during the second quarter valued at approximately $105,000. Concurrent Investment Advisors LLC grew its position in Constellation Brands by 17.7% in the second quarter. Concurrent Investment Advisors LLC now owns 1,043 shares of the company’s stock valued at $268,000 after acquiring an additional 157 shares during the period. Aptus Capital Advisors LLC raised its stake in Constellation Brands by 4.4% during the second quarter. Aptus Capital Advisors LLC now owns 1,221 shares of the company’s stock worth $314,000 after acquiring an additional 51 shares in the last quarter. Summit Financial LLC acquired a new position in Constellation Brands during the second quarter worth $328,000. Finally, Natixis Advisors LLC lifted its holdings in shares of Constellation Brands by 7.2% during the second quarter. Natixis Advisors LLC now owns 82,531 shares of the company’s stock valued at $21,234,000 after acquiring an additional 5,526 shares during the period. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Stock Down 0.3 %

Constellation Brands stock opened at $221.92 on Wednesday. Constellation Brands has a twelve month low of $217.52 and a twelve month high of $274.87. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.53 and a current ratio of 1.25. The firm has a market cap of $40.29 billion, a PE ratio of 71.82, a P/E/G ratio of 1.69 and a beta of 1.75. The firm’s 50 day moving average price is $234.13 and its two-hundred day moving average price is $243.06.

Constellation Brands (NYSE:STZ) last posted 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. The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.95 billion. Constellation Brands had a net margin of 5.29% and a return on equity of 25.34%. Constellation Brands’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $3.70 earnings per share. On average, research analysts predict that Constellation Brands will post 13.57 EPS for the current fiscal year.

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.