Constellation Brands (NYSE:STZ) PT Lowered to $300.00

Constellation Brands (NYSE:STZ) had its price objective dropped by research analysts at Barclays from $309.00 to $300.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price suggests a potential upside of 24.41% from the stock’s current price.

A number of other equities analysts have also recently issued reports on STZ. Roth Mkm restated a “buy” rating and set a $298.00 target price on shares of Constellation Brands in a report on Friday, October 4th. UBS Group reduced their target price on Constellation Brands from $320.00 to $295.00 and set a “buy” rating on the stock in a report on Monday, September 9th. Jefferies Financial Group raised their target price on Constellation Brands from $310.00 to $311.00 and gave the stock a “buy” rating in a report on Friday, July 5th. JPMorgan Chase & Co. reduced their target price on Constellation Brands from $307.00 to $293.00 and set an “overweight” rating on the stock in a report on Friday, October 4th. Finally, Bank of America reiterated a “neutral” rating and set a $255.00 price objective (down previously from $300.00) on shares of Constellation Brands in a report on Monday. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $291.06.

Constellation Brands Price Performance

Shares of STZ stock opened at $241.13 on Monday. The stock has a 50-day moving average price of $246.47 and a 200 day moving average price of $253.10. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06. The firm has a market cap of $44.12 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 1.74 and a beta of 1.75. Constellation Brands has a 12 month low of $227.50 and a 12 month high of $274.87.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Thursday, October 3rd. The company reported $4.32 EPS for the quarter, topping analysts’ consensus estimates of $4.08 by $0.24. Constellation Brands had a return on equity of 23.72% and a net margin of 22.70%. The firm had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.95 billion. During the same period last year, the company earned $3.70 earnings per share. The company’s revenue was up 2.9% on a year-over-year basis. Research analysts expect that Constellation Brands will post 13.53 EPS for the current year.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, CFO Garth Hankinson sold 13,583 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $240.00, for a total value of $3,259,920.00. Following the sale, the chief financial officer now owns 11,702 shares in the company, valued at approximately $2,808,480. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Constellation Brands news, CFO Garth Hankinson sold 13,583 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $240.00, for a total transaction 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 trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel J. Mccarthy sold 1,854 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $252.43, for a total value of $468,005.22. Following the transaction, the director now directly owns 3,232 shares in the company, valued at $815,853.76. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,414 shares of company stock worth $3,982,922. Corporate insiders own 12.19% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in STZ. Crossmark Global Holdings Inc. increased its holdings in shares of Constellation Brands by 2.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 5,256 shares of the company’s stock worth $1,271,000 after acquiring an additional 121 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Constellation Brands by 5.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 245,550 shares of the company’s stock valued at $59,362,000 after purchasing an additional 11,896 shares during the period. Quadrature Capital Ltd bought a new stake in Constellation Brands in the 4th quarter valued at $958,000. Sei Investments Co. boosted its stake in Constellation Brands by 6.0% in the 4th quarter. Sei Investments Co. now owns 169,479 shares of the company’s stock valued at $40,971,000 after purchasing an additional 9,526 shares during the period. Finally, Elo Mutual Pension Insurance Co boosted its stake in Constellation Brands by 4.5% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 14,432 shares of the company’s stock valued at $3,489,000 after purchasing an additional 625 shares during the period. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Company Profile

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.