Barclays Cuts Constellation Brands (NYSE:STZ) Price Target to $287.00

Constellation Brands (NYSE:STZ) had its price objective decreased by investment analysts at Barclays from $292.00 to $287.00 in a note issued to investors on Friday, BayStreet.CA reports. Barclays‘s price objective points to a potential upside of 11.20% from the company’s previous close.

Several other research analysts also recently issued reports on STZ. HSBC upped their price target on shares of Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Truist Financial restated a “hold” rating and issued a $265.00 price objective on shares of Constellation Brands in a report on Wednesday. Deutsche Bank Aktiengesellschaft increased their price objective on Constellation Brands from $256.00 to $262.00 and gave the company a “hold” rating in a report on Wednesday, April 10th. Roth Mkm decreased their price objective on Constellation Brands from $305.00 to $303.00 and set a “buy” rating for the company in a report on Friday. Finally, Wedbush restated an “outperform” rating and issued a $300.00 price objective on shares of Constellation Brands in a report on Wednesday, April 10th. Three investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Constellation Brands has an average rating of “Moderate Buy” and a consensus price target of $300.11.

Constellation Brands Price Performance

Shares of STZ stock traded up $7.72 during trading on Friday, hitting $258.09. The company had a trading volume of 1,109,683 shares, compared to its average volume of 1,204,276. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.53 and a current ratio of 1.19. The firm has a market capitalization of $47.23 billion, a P/E ratio of 27.42, a price-to-earnings-growth ratio of 1.66 and a beta of 0.87. The stock’s 50-day moving average price is $254.77 and its 200 day moving average price is $253.97. Constellation Brands has a one year low of $227.50 and a one year high of $274.87.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Wednesday, July 3rd. The company reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.46 by $0.11. Constellation Brands had a return on equity of 23.72% and a net margin of 22.70%. The business had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.67 billion. During the same period in the previous year, the company posted $2.91 earnings per share. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. Equities analysts expect that Constellation Brands will post 13.67 EPS for the current fiscal year.

Insider Transactions at Constellation Brands

In related news, EVP James A. Jr. Sabia sold 15,781 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $263.63, for a total value of $4,160,345.03. Following the completion of the transaction, the executive vice president now directly owns 20,910 shares of the company’s stock, valued at approximately $5,512,503.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP Michael Mcgrew sold 3,237 shares of Constellation Brands stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $255.50, for a total transaction of $827,053.50. Following the completion of the sale, the executive vice president now directly owns 1,731 shares of the company’s stock, valued at approximately $442,270.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James A. Jr. Sabia sold 15,781 shares of Constellation Brands stock in a transaction on Friday, April 12th. The stock was sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the sale, the executive vice president now directly owns 20,910 shares of the company’s stock, valued at $5,512,503.30. The disclosure for this sale can be found here. Insiders sold a total of 48,031 shares of company stock worth $12,582,321 in the last quarter. Insiders own 12.19% of the company’s stock.

Institutional Trading of Constellation Brands

Hedge funds have recently made changes to their positions in the stock. Orion Portfolio Solutions LLC raised its position in Constellation Brands by 1.1% in the 1st quarter. Orion Portfolio Solutions LLC now owns 3,676 shares of the company’s stock worth $999,000 after purchasing an additional 39 shares during the period. Capital Advisors Ltd. LLC raised its position in Constellation Brands by 16.5% in the 1st quarter. Capital Advisors Ltd. LLC now owns 290 shares of the company’s stock worth $79,000 after purchasing an additional 41 shares during the period. Burns Matteson Capital Management LLC raised its position in Constellation Brands by 1.7% in the 4th quarter. Burns Matteson Capital Management LLC now owns 2,499 shares of the company’s stock worth $604,000 after purchasing an additional 42 shares during the period. 1620 Investment Advisors Inc. raised its position in Constellation Brands by 1.8% in the 4th quarter. 1620 Investment Advisors Inc. now owns 2,352 shares of the company’s stock worth $569,000 after purchasing an additional 42 shares during the period. Finally, FAS Wealth Partners Inc. raised its position in Constellation Brands by 3.5% in the 4th quarter. FAS Wealth Partners Inc. now owns 1,277 shares of the company’s stock worth $309,000 after purchasing an additional 43 shares during the period. 77.34% of the stock is owned by institutional investors.

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.