Constellation Brands (NYSE:STZ) Price Target Lowered to $260.00 at TD Cowen

Constellation Brands (NYSE:STZ) had its target price dropped by research analysts at TD Cowen from $270.00 to $260.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the stock. TD Cowen’s price objective suggests a potential upside of 18.63% from the stock’s current price.

STZ has been the subject of several other research reports. Truist Financial dropped their target price on Constellation Brands from $265.00 to $255.00 and set a “hold” rating for the company in a research report on Friday, October 4th. Barclays dropped their price objective on Constellation Brands from $300.00 to $282.00 and set an “overweight” rating for the company in a report on Wednesday. Evercore ISI reduced their target price on Constellation Brands from $310.00 to $300.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. Wells Fargo & Company lowered their target price on shares of Constellation Brands from $295.00 to $275.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $308.00 price target on shares of Constellation Brands in a research note on Tuesday. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $284.75.

Constellation Brands Trading Up 0.3 %

Shares of STZ opened at $219.17 on Wednesday. The company’s fifty day simple moving average is $232.90 and its 200-day simple moving average is $242.14. The company has a market cap of $39.79 billion, a P/E ratio of 70.93, a P/E/G ratio of 1.69 and a beta of 1.75. 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 has a twelve month low of $217.47 and a twelve month high of $274.87.

Insider Buying and Selling

In other news, major shareholder Wildstar Partners Llc sold 660 shares of the company’s 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 transaction, the insider now directly owns 1,736,884 shares of the company’s stock, valued at approximately $418,589,044. This represents a 0.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Samuel J. Glaetzer sold 1,510 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $245.57, for a total value of $370,810.70. Following the completion of the sale, the executive vice president now directly owns 4,970 shares of the company’s stock, valued at $1,220,482.90. The trade was a 23.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 189,956 shares of company stock worth $46,058,091 in the last 90 days. 12.19% of the stock is owned by corporate insiders.

Institutional Trading of Constellation Brands

Several large investors have recently bought and sold shares of STZ. Versant Capital Management Inc raised its stake in shares of Constellation Brands by 887.5% in the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock worth $35,000 after purchasing an additional 142 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Constellation Brands in the 2nd quarter worth approximately $36,000. Wellington Shields & Co. LLC raised its position in Constellation Brands by 50.0% during the 2nd quarter. Wellington Shields & Co. LLC now owns 150 shares of the company’s stock worth $39,000 after buying an additional 50 shares during the last quarter. Eastern Bank acquired a new stake in Constellation Brands during the 3rd quarter valued at approximately $39,000. Finally, FSA Wealth Management LLC purchased a new stake in shares of Constellation Brands in the 3rd quarter valued at $42,000. Hedge funds and other 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.