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

Several analysts have recently updated their ratings and price targets for Constellation Brands (NYSE: STZ):

• 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.
• 7/31/2024 – 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.

Constellation Brands Price Performance

Shares of NYSE STZ traded down $0.79 during trading on Wednesday, hitting $251.68. The company had a trading volume of 193,360 shares, compared to its average volume of 1,173,333. The stock has a fifty day simple moving average of $245.62 and a two-hundred day simple moving average of $253.94. Constellation Brands, Inc. has a fifty-two week low of $227.50 and a fifty-two week high of $274.87. The firm has a market capitalization of $45.86 billion, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 1.74 and a beta of 0.88. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Wednesday, July 3rd. The company reported $3.57 EPS for the quarter, beating the consensus estimate of $3.46 by $0.11. Constellation Brands had a net margin of 22.70% and a return on equity of 23.72%. The company had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter last year, the company posted $2.91 EPS. The firm’s revenue was up 5.8% compared to the same quarter last year. On average, research analysts expect that Constellation Brands, Inc. will post 13.53 earnings per share for the current year.

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Wednesday, August 14th were given a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 1.61%. The ex-dividend date was Wednesday, August 14th. Constellation Brands’s payout ratio is currently 30.10%.

Insider Transactions at Constellation Brands

In other news, CFO Garth Hankinson sold 13,583 shares of Constellation Brands stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $240.00, for a total value of $3,259,920.00. Following the transaction, the chief financial officer now owns 11,702 shares of the company’s stock, valued at approximately $2,808,480. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Garth Hankinson sold 13,583 shares of Constellation Brands stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $240.00, for a total value of $3,259,920.00. Following the transaction, the chief financial officer now owns 11,702 shares of the company’s stock, valued at $2,808,480. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Daniel J. Mccarthy sold 1,854 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $252.43, for a total transaction of $468,005.22. Following the transaction, the director now directly owns 3,232 shares in the company, valued at approximately $815,853.76. The disclosure for this sale can be found here. Insiders sold 16,414 shares of company stock valued at $3,982,922 over the last 90 days. Corporate insiders own 12.19% of the company’s stock.

Hedge Funds Weigh In On Constellation Brands

Several institutional investors and hedge funds have recently modified their holdings of the business. Stifel Financial Corp lifted its holdings in Constellation Brands by 3.2% during the 4th quarter. Stifel Financial Corp now owns 192,585 shares of the company’s stock valued at $46,570,000 after purchasing an additional 5,951 shares during the last quarter. KBC Group NV lifted its holdings in Constellation Brands by 100.4% during the 4th quarter. KBC Group NV now owns 250,945 shares of the company’s stock valued at $60,666,000 after purchasing an additional 125,730 shares during the last quarter. Manning & Napier Advisors LLC acquired a new stake in Constellation Brands during the 2nd quarter valued at $119,394,000. Vanguard Group Inc. lifted its holdings in Constellation Brands by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 13,705,793 shares of the company’s stock valued at $3,724,686,000 after purchasing an additional 462,891 shares during the last quarter. Finally, Howland Capital Management LLC lifted its holdings in Constellation Brands by 3.0% during the 1st quarter. Howland Capital Management LLC now owns 141,314 shares of the company’s stock valued at $38,403,000 after purchasing an additional 4,051 shares during the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

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.