Constellation Brands (NYSE:STZ) Cut to Hold at Argus

Constellation Brands (NYSE:STZGet Free Report) was downgraded by Argus from a “buy” rating to a “hold” rating in a report issued on Tuesday,Briefing.com Automated Import reports.

Several other research analysts have also weighed in on STZ. Roth Mkm restated a “buy” rating and set a $298.00 target price on shares of Constellation Brands in a research report on Friday, October 4th. Morgan Stanley lowered their price target on shares of Constellation Brands from $280.00 to $220.00 and set an “overweight” rating on the stock in a research report on Monday. BMO Capital Markets lowered their price target on shares of Constellation Brands from $315.00 to $305.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 15th. Bank of America reiterated a “neutral” rating and issued a $255.00 price target (down from $300.00) on shares of Constellation Brands in a research report on Monday, October 7th. Finally, BNP Paribas began coverage on shares of Constellation Brands in a research report on Monday, November 25th. They issued a “neutral” rating and a $261.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Constellation Brands currently has a consensus rating of “Moderate Buy” and an average target price of $264.65.

Check Out Our Latest Analysis on Constellation Brands

Constellation Brands Trading Up 2.2 %

Shares of STZ opened at $185.84 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31. The firm’s 50-day moving average is $230.80 and its two-hundred day moving average is $240.79. Constellation Brands has a twelve month low of $176.51 and a twelve month high of $274.87. The firm has a market capitalization of $33.74 billion, a P/E ratio of 60.14, a PEG ratio of 1.69 and a beta of 1.75.

Constellation Brands (NYSE:STZGet Free Report) last issued its earnings results on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.08). Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same quarter in the previous year, the company posted $3.19 earnings per share. The company’s quarterly revenue was down .3% compared to the same quarter last year. On average, research analysts predict that Constellation Brands will post 13.57 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP James A. Jr. Sabia sold 36,086 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $242.99, for a total value of $8,768,537.14. Following the transaction, the executive vice president now owns 16,042 shares of the company’s stock, valued at approximately $3,898,045.58. This trade represents a 69.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Wildstar Partners Llc sold 660 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $241.00, for a total transaction of $159,060.00. Following the completion of the transaction, the insider now directly owns 1,736,884 shares in the company, valued at approximately $418,589,044. This represents a 0.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 188,446 shares of company stock valued at $45,687,281 over the last quarter. Company insiders own 12.19% of the company’s stock.

Institutional Investors Weigh In On Constellation Brands

A number of large investors have recently added to or reduced their stakes in the company. Oakworth Capital Inc. grew its holdings in Constellation Brands by 4.4% during the 3rd quarter. Oakworth Capital Inc. now owns 989 shares of the company’s stock valued at $255,000 after purchasing an additional 42 shares in the last quarter. PFG Investments LLC grew its holdings in Constellation Brands by 3.8% during the 3rd quarter. PFG Investments LLC now owns 1,150 shares of the company’s stock valued at $296,000 after purchasing an additional 42 shares in the last quarter. Brighton Jones LLC grew its holdings in Constellation Brands by 4.7% during the 2nd quarter. Brighton Jones LLC now owns 950 shares of the company’s stock valued at $244,000 after purchasing an additional 43 shares in the last quarter. Metis Global Partners LLC grew its holdings in Constellation Brands by 0.8% during the 3rd quarter. Metis Global Partners LLC now owns 5,570 shares of the company’s stock valued at $1,435,000 after purchasing an additional 46 shares in the last quarter. Finally, Rosenberg Matthew Hamilton grew its holdings in Constellation Brands by 6.2% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 858 shares of the company’s stock valued at $221,000 after purchasing an additional 50 shares in the last quarter. 77.34% of the stock is owned by institutional investors and hedge funds.

Constellation Brands Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Constellation Brands (NYSE:STZ)

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