Constellation Brands’ (STZ) Outperform Rating Reaffirmed at BMO Capital Markets

Constellation Brands (NYSE:STZ)‘s stock had its “outperform” rating reissued by equities researchers at BMO Capital Markets in a research note issued on Friday, Benzinga reports. They presently have a $315.00 target price on the stock. BMO Capital Markets’ target price points to a potential upside of 25.81% from the stock’s current price.

A number of other research analysts also recently commented on the company. UBS Group dropped their price target on Constellation Brands from $320.00 to $315.00 and set a “buy” rating for the company in a research note on Thursday, June 20th. Jefferies Financial Group upped their price target on shares of Constellation Brands from $292.00 to $314.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Truist Financial reiterated a “hold” rating and set a $265.00 price target on shares of Constellation Brands in a research report on Wednesday. Bank of America upped their price objective on Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Constellation Brands from $256.00 to $262.00 and gave the company a “hold” rating in a research note on Wednesday, April 10th. Three equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $298.63.

Constellation Brands Trading Down 3.3 %

Shares of Constellation Brands stock opened at $250.37 on Friday. Constellation Brands has a 52-week low of $227.50 and a 52-week high of $274.87. 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 50-day moving average of $254.77 and a 200-day moving average of $253.97. The stock has a market cap of $45.81 billion, a PE ratio of 26.69, a PEG ratio of 1.66 and a beta of 0.87.

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. As a group, sell-side analysts forecast that Constellation Brands will post 13.67 EPS for the current year.

Insider Activity at Constellation Brands

In other Constellation Brands news, EVP James A. Jr. Sabia sold 15,781 shares of Constellation Brands stock in a transaction 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 sale, the executive vice president now directly owns 20,910 shares of the company’s stock, valued at $5,512,503.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP James A. Jr. Sabia sold 15,781 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $263.63, for a total value of $4,160,345.03. Following the completion of the sale, the executive vice president now directly owns 20,910 shares of the company’s stock, valued at approximately $5,512,503.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William A. Newlands sold 4,013 shares of the stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $263.25, for a total value of $1,056,422.25. Following the completion of the transaction, the chief executive officer now owns 5,395 shares in the company, valued at approximately $1,420,233.75. The disclosure for this sale can be found here. Insiders have sold 48,031 shares of company stock worth $12,582,321 in the last quarter. Company insiders own 12.19% of the company’s stock.

Hedge Funds Weigh In On Constellation Brands

Hedge funds have recently added to or reduced their stakes in the stock. BKM Wealth Management LLC bought a new position in shares of Constellation Brands in the fourth quarter valued at approximately $28,000. YHB Investment Advisors Inc. bought a new stake in Constellation Brands in the 1st quarter worth about $35,000. First Financial Corp IN purchased a new stake in Constellation Brands in the 1st quarter valued at about $35,000. LRI Investments LLC purchased a new stake in Constellation Brands in the 1st quarter valued at about $37,000. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of Constellation Brands in the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

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.