Recent Analysts’ Ratings Changes for Constellation Brands (STZ)

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

  • 1/10/2023 – Constellation Brands was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 1/9/2023 – Constellation Brands had its price target lowered by analysts at Barclays PLC from $288.00 to $278.00. They now have an “overweight” rating on the stock.
  • 1/6/2023 – Constellation Brands had its price target lowered by analysts at JPMorgan Chase & Co. from $267.00 to $250.00. They now have an “overweight” rating on the stock.
  • 1/6/2023 – Constellation Brands had its price target lowered by analysts at Morgan Stanley from $298.00 to $277.00. They now have an “overweight” rating on the stock.
  • 1/6/2023 – Constellation Brands had its price target lowered by analysts at BMO Capital Markets from $290.00 to $265.00. They now have an “outperform” rating on the stock.
  • 1/6/2023 – Constellation Brands had its price target lowered by analysts at Credit Suisse Group AG from $260.00 to $250.00. They now have an “outperform” rating on the stock.
  • 1/6/2023 – Constellation Brands was downgraded by analysts at Cowen Inc. from an “outperform” rating to a “market perform” rating. They now have a $200.00 price target on the stock, down previously from $275.00.
  • 1/6/2023 – Constellation Brands was downgraded by analysts at Cowen Inc from an “outperform” rating to a “market perform” rating. They now have a $200.00 price target on the stock, down previously from $275.00.
  • 1/6/2023 – Constellation Brands had its price target lowered by analysts at UBS Group AG from $281.00 to $267.00. They now have a “buy” rating on the stock.
  • 1/6/2023 – Constellation Brands had its price target lowered by analysts at Evercore ISI from $285.00 to $250.00.
  • 1/6/2023 – Constellation Brands had its price target lowered by analysts at Truist Financial Co. from $245.00 to $215.00.
  • 1/6/2023 – Constellation Brands had its price target lowered by analysts at Argus from $295.00 to $250.00.
  • 1/3/2023 – Constellation Brands had its price target lowered by analysts at Wells Fargo & Company from $280.00 to $270.00. They now have an “overweight” rating on the stock.
  • 12/29/2022 – Constellation Brands was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 12/21/2022 – Constellation Brands had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $249.00 to $245.00. They now have a “hold” rating on the stock.
  • 12/15/2022 – Constellation Brands was upgraded by analysts at OTR Global to a “positive” rating.
  • 12/13/2022 – Constellation Brands was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
  • 12/6/2022 – Constellation Brands had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $244.00 to $249.00. They now have a “hold” rating on the stock.
  • 12/5/2022 – Constellation Brands was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 11/28/2022 – Constellation Brands had its price target raised by analysts at Argus from $270.00 to $295.00.

Constellation Brands Stock Up 0.0 %

NYSE:STZ traded up $0.09 on Wednesday, reaching $227.59. 483,429 shares of the stock traded hands, compared to its average volume of 2,283,527. The company has a market capitalization of $42.00 billion, a price-to-earnings ratio of 650.28, a PEG ratio of 2.29 and a beta of 1.00. The company has a current ratio of 1.29, a quick ratio of 0.63 and a debt-to-equity ratio of 1.29. Constellation Brands, Inc. has a 12 month low of $207.59 and a 12 month high of $261.52. The company’s fifty day simple moving average is $236.60 and its 200 day simple moving average is $239.38.

Constellation Brands (NYSE:STZGet Rating) last released its quarterly earnings data on Thursday, January 5th. The company reported $2.83 earnings per share for the quarter, missing analysts’ consensus estimates of $2.88 by ($0.05). The firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.38 billion. Constellation Brands had a net margin of 0.98% and a return on equity of 19.69%. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.12 earnings per share. Equities analysts predict that Constellation Brands, Inc. will post 10.66 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 22nd. Stockholders of record on Wednesday, February 8th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Tuesday, February 7th. Constellation Brands’s payout ratio is presently 265.72%.

Insider Activity

In other news, major shareholder 2015 Business Holdings Lp Rht sold 1,000,000 shares of the firm’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $239.06, for a total transaction of $239,060,000.00. Following the sale, the insider now owns 350,000 shares of the company’s stock, valued at approximately $83,671,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, major shareholder 2015 Business Holdings Lp Rht sold 1,000,000 shares of the firm’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $239.06, for a total transaction of $239,060,000.00. Following the sale, the insider now owns 350,000 shares of the company’s stock, valued at approximately $83,671,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Robert Sands sold 3,700,002 shares of the firm’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $239.06, for a total transaction of $884,522,478.12. Following the sale, the chairman now directly owns 24,347,294 shares in the company, valued at approximately $5,820,464,103.64. The disclosure for this sale can be found here. Insiders have sold a total of 4,705,145 shares of company stock valued at $1,124,869,978 in the last 90 days. 16.19% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Constellation Brands

A number of institutional investors and hedge funds have recently made changes to their positions in the business. MGO One Seven LLC boosted its holdings in shares of Constellation Brands by 5.2% in the fourth quarter. MGO One Seven LLC now owns 7,899 shares of the company’s stock worth $1,831,000 after buying an additional 388 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Constellation Brands by 3.0% in the fourth quarter. Fifth Third Bancorp now owns 146,322 shares of the company’s stock worth $33,910,000 after buying an additional 4,270 shares during the last quarter. Beaumont Financial Advisors LLC purchased a new position in shares of Constellation Brands in the fourth quarter worth approximately $455,000. Oak Ridge Investments LLC boosted its holdings in shares of Constellation Brands by 0.8% in the fourth quarter. Oak Ridge Investments LLC now owns 21,585 shares of the company’s stock worth $5,002,000 after buying an additional 174 shares during the last quarter. Finally, Schear Investment Advisers LLC purchased a new position in shares of Constellation Brands in the fourth quarter worth approximately $622,000. Hedge funds and other institutional investors own 84.87% of the company’s stock.

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. It provides beer primarily under the Corona Extra, Corona Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands.

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