Constellation Brands (NYSE:STZ) Share Price Breaks Above 200 Day Moving Average – Should You Sell?

Constellation Brands Inc (NYSE:STZ) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $141.63 and traded as high as $149.43. Constellation Brands shares last traded at $145.7690, with a volume of 3,605,292 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Wells Fargo & Company decreased their target price on shares of Constellation Brands from $170.00 to $140.00 and set an “overweight” rating for the company in a report on Monday, October 5th. Royal Bank Of Canada restated an “outperform” rating on shares of Constellation Brands in a research report on Tuesday, October 27th. Needham & Company LLC cut their price target on Constellation Brands from $185.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, October 8th. TD Cowen reduced their price objective on shares of Constellation Brands from $174.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, September 17th. Finally, Sanford C. Bernstein decreased their target price on Constellation Brands from $197.00 to $180.00 and set an “outperform” rating on the stock in a research note on Monday, September 28th. Twelve research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $154.09.

Constellation Brands Trading Down 1.9%

The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.53 and a current ratio of 1.00. The stock has a fifty day moving average price of $126.11 and a 200 day moving average price of $141.46. The stock has a market cap of $24.00 billion, a PE ratio of 11.60, a PEG ratio of 2.88 and a beta of 0.39.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Tuesday, October 6th. The company reported $3.74 earnings per share for the quarter, beating analysts’ consensus estimates of $3.62 by $0.12. Constellation Brands had a net margin of 19.57% and a return on equity of 24.75%. The business had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter in the previous year, the business posted $3.63 earnings per share. The business’s revenue was up 6.1% compared to the same quarter last year. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Equities analysts expect that Constellation Brands Inc will post 11.85 EPS for the current year.

Constellation Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, October 30th. Constellation Brands’s payout ratio is currently 36.95%.

Institutional Trading of Constellation Brands

A number of hedge funds have recently added to or reduced their stakes in the business. Chicago Partners Investment Group LLC increased its stake in shares of Constellation Brands by 4.3% in the first quarter. Chicago Partners Investment Group LLC now owns 1,888 shares of the company’s stock worth $296,000 after acquiring an additional 77 shares during the period. Allworth Financial LP increased its stake in shares of Constellation Brands by 2.2% in the 3rd quarter. Allworth Financial LP now owns 3,556 shares of the company’s stock valued at $402,000 after purchasing an additional 77 shares in the last quarter. SBI Securities Co. Ltd. raised its stake in shares of Constellation Brands by 13.7% during the 3rd quarter. SBI Securities Co. Ltd. now owns 654 shares of the company’s stock worth $74,000 after buying an additional 79 shares during the period. Keybank National Association OH raised its position in Constellation Brands by 4.0% during the first quarter. Keybank National Association OH now owns 2,338 shares of the company’s stock worth $351,000 after acquiring an additional 90 shares during the period. Finally, Shayne & Jacobs LLC raised its position in shares of Constellation Brands by 4.9% during the 3rd quarter. Shayne & Jacobs LLC now owns 1,940 shares of the company’s stock worth $219,000 after purchasing an additional 90 shares during the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

About Constellation Brands

Constellation Brands, Inc is a beverage alcohol company that develops, produces, markets and distributes beer, wine and spirits. Its beer portfolio includes Modelo Especial, Corona Extra, Corona Light, Pacifico and Victoria, while its wine and spirits brands include Robert Mondavi, Kim Crawford, Meiomi, The Prisoner Wine Company, Simi, Ruffino, High West and Casa Noble.

The company’s beer business is primarily focused on the United States, where Constellation markets and distributes several leading Mexican beer brands under license from Grupo Modelo.