Constellation Brands (NYSE:STZ) Reaches New 52-Week Low – What’s Next?

Constellation Brands, Inc. (NYSE:STZ) hit a new 52-week low on Wednesday . The stock traded as low as $224.86 and last traded at $228.23, with a volume of 44416 shares. The stock had previously closed at $237.15.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Bank of America reissued a “neutral” rating and set a $255.00 price target (down from $300.00) on shares of Constellation Brands in a research note on Monday, October 7th. TD Cowen lowered shares of Constellation Brands from a “buy” rating to a “hold” rating and lowered their target price for the company from $300.00 to $270.00 in a research note on Tuesday, October 8th. JPMorgan Chase & Co. reduced their price target on shares of Constellation Brands from $307.00 to $293.00 and set an “overweight” rating on the stock in a research note on Friday, October 4th. Evercore ISI decreased their price objective on shares of Constellation Brands from $310.00 to $300.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Finally, UBS Group decreased their price target on shares of Constellation Brands from $320.00 to $295.00 and set a “buy” rating for the company in a research note on Monday, September 9th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $290.47.

Constellation Brands Stock Up 0.5 %

The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.53 and a current ratio of 1.25. The firm has a market capitalization of $42.56 billion, a P/E ratio of 75.86, a PEG ratio of 1.69 and a beta of 1.75. The business’s fifty day moving average price is $244.87 and its two-hundred day moving average price is $248.86.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Thursday, October 3rd. The company reported $4.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.08 by $0.24. Constellation Brands had a net margin of 5.29% and a return on equity of 25.34%. The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same period in the previous year, the company earned $3.70 earnings per share. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. Equities analysts expect that Constellation Brands, Inc. will post 13.57 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th will be paid a dividend of $1.01 per share. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.72%. Constellation Brands’s payout ratio is 130.74%.

Insider Activity at Constellation Brands

In other Constellation Brands news, CEO William A. Newlands sold 7,426 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $237.24, for a total transaction of $1,761,744.24. Following the sale, the chief executive officer now owns 7,274 shares of the company’s stock, valued at approximately $1,725,683.76. 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 at this link. In other news, CEO William A. Newlands sold 7,426 shares of the stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $237.24, for a total value of $1,761,744.24. Following the transaction, the chief executive officer now directly owns 7,274 shares of the company’s stock, valued at approximately $1,725,683.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Samuel J. Glaetzer sold 1,510 shares of Constellation Brands stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $245.57, for a total value of $370,810.70. Following the sale, the executive vice president now directly owns 4,970 shares of the company’s stock, valued at $1,220,482.90. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 128,210 shares of company stock valued at $31,040,994 in the last three months. 12.19% of the stock is owned by insiders.

Institutional Investors Weigh In On Constellation Brands

Hedge funds have recently added to or reduced their stakes in the business. Advisory Services Network LLC lifted its holdings in shares of Constellation Brands by 10.1% in the 1st quarter. Advisory Services Network LLC now owns 11,514 shares of the company’s stock valued at $3,129,000 after buying an additional 1,055 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in Constellation Brands by 13.6% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 21,168 shares of the company’s stock valued at $5,753,000 after acquiring an additional 2,531 shares during the period. Empowered Funds LLC boosted its position in Constellation Brands by 71.0% in the 1st quarter. Empowered Funds LLC now owns 3,316 shares of the company’s stock worth $901,000 after purchasing an additional 1,377 shares in the last quarter. Insight Advisors LLC PA acquired a new stake in shares of Constellation Brands during the 1st quarter worth approximately $202,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of Constellation Brands during the 1st quarter valued at approximately $217,000. 77.34% of the stock is owned by hedge funds and other institutional investors.

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.