Constellation Brands’ (STZ) Hold Rating Reaffirmed at Jefferies Financial Group

Constellation Brands (NYSE:STZ)‘s stock had its “hold” rating reissued by stock analysts at Jefferies Financial Group in a note issued to investors on Monday, Marketbeat reports. They currently have a $201.00 price target on the stock, down from their previous price target of $310.00. Jefferies Financial Group’s target price would indicate a potential upside of 10.70% from the stock’s previous close.

STZ has been the topic of a number of other research reports. JPMorgan Chase & Co. restated a “neutral” rating and set a $203.00 target price (down previously from $262.00) on shares of Constellation Brands in a research note on Monday. Truist Financial lowered their price objective on Constellation Brands from $265.00 to $255.00 and set a “hold” rating on the stock in a research report on Friday, October 4th. Roth Mkm reiterated a “buy” rating and set a $298.00 target price on shares of Constellation Brands in a research report on Friday, October 4th. TD Cowen lowered their price target on Constellation Brands from $270.00 to $260.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Finally, Evercore ISI reduced their price objective on shares of Constellation Brands from $310.00 to $300.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Constellation Brands presently has a consensus rating of “Moderate Buy” and a consensus target price of $273.30.

Constellation Brands Price Performance

Shares of Constellation Brands stock opened at $181.57 on Monday. The stock’s fifty day moving average is $231.88 and its 200 day moving average is $241.28. Constellation Brands has a one year low of $179.55 and a one year high of $274.87. 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 stock has a market cap of $32.97 billion, a P/E ratio of 58.76, a P/E/G ratio of 1.69 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). Constellation Brands had a net margin of 5.29% and a return on equity of 25.34%. The company had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.53 billion. During the same period in the previous year, the firm earned $3.19 earnings per share. The firm’s quarterly revenue was down .3% on a year-over-year basis. Sell-side analysts anticipate that Constellation Brands will post 13.57 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder Wildstar Partners Llc sold 660 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total value of $159,060.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William A. Newlands sold 7,426 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer now owns 7,274 shares in the company, valued at approximately $1,725,683.76. The trade was a 50.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 188,446 shares of company stock valued at $45,687,281 over the last three months. 12.19% of the stock is owned by company insiders.

Hedge Funds Weigh In On Constellation Brands

A number of institutional investors have recently modified their holdings of STZ. International Assets Investment Management LLC increased its holdings in Constellation Brands by 23,184.7% during the 3rd quarter. International Assets Investment Management LLC now owns 499,689 shares of the company’s stock worth $128,765,000 after purchasing an additional 497,543 shares during the period. State Street Corp increased its stake in shares of Constellation Brands by 6.0% during the third quarter. State Street Corp now owns 7,144,428 shares of the company’s stock valued at $1,841,048,000 after buying an additional 402,211 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Constellation Brands by 31.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,002,332 shares of the company’s stock valued at $257,865,000 after buying an additional 241,982 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Constellation Brands by 66.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 369,966 shares of the company’s stock worth $81,762,000 after acquiring an additional 147,457 shares during the period. Finally, NFJ Investment Group LLC grew its holdings in Constellation Brands by 617.3% during the 3rd quarter. NFJ Investment Group LLC now owns 108,382 shares of the company’s stock worth $27,929,000 after acquiring an additional 93,273 shares in the last quarter. 77.34% of the stock is owned by hedge funds and other 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.