Barclays Lowers Constellation Brands (NYSE:STZ) Price Target to $282.00

Constellation Brands (NYSE:STZ) had its price target dropped by research analysts at Barclays from $300.00 to $282.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price would indicate a potential upside of 28.67% from the company’s current price.

Several other brokerages have also recently weighed in on STZ. Wells Fargo & Company decreased their price target on Constellation Brands from $295.00 to $275.00 and set an “overweight” rating for the company in a research note on Tuesday. BNP Paribas began coverage on shares of Constellation Brands in a research report on Monday, November 25th. They set a “neutral” rating and a $261.00 target price for the company. Needham & Company LLC restated a “buy” rating and issued a $280.00 price target on shares of Constellation Brands in a research report on Friday, December 20th. Royal Bank of Canada reiterated an “outperform” rating and set a $308.00 price objective on shares of Constellation Brands in a research report on Tuesday. Finally, Truist Financial dropped their target price on shares of Constellation Brands from $265.00 to $255.00 and set a “hold” rating on the stock in a report on Friday, October 4th. Five research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $284.75.

Constellation Brands Stock Performance

Shares of Constellation Brands stock opened at $219.17 on Wednesday. The stock has a market cap of $39.79 billion, a price-to-earnings ratio of 70.93, a P/E/G ratio of 1.69 and a beta of 1.75. Constellation Brands has a twelve month low of $217.47 and a twelve month high of $274.87. The company’s fifty day moving average is $232.90 and its 200 day moving average is $242.14. The company has a quick ratio of 0.53, a current ratio of 1.25 and a debt-to-equity ratio of 1.31.

Insider Transactions at Constellation Brands

In other news, EVP Samuel J. Glaetzer sold 1,510 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $245.57, for a total value of $370,810.70. Following the completion of the sale, the executive vice president now owns 4,970 shares in the company, valued at $1,220,482.90. This represents a 23.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Wildstar Partners Llc sold 660 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $241.00, for a total transaction of $159,060.00. Following the transaction, the insider now directly owns 1,736,884 shares in the company, valued at $418,589,044. The trade was a 0.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 189,956 shares of company stock valued at $46,058,091 over the last three months. Corporate insiders own 12.19% of the company’s stock.

Institutional Investors Weigh In On Constellation Brands

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC bought a new position in shares of Constellation Brands in the second quarter valued at approximately $36,000. Wellington Shields & Co. LLC grew its stake in Constellation Brands by 50.0% in the 2nd quarter. Wellington Shields & Co. LLC now owns 150 shares of the company’s stock valued at $39,000 after purchasing an additional 50 shares during the period. Eastern Bank bought a new stake in shares of Constellation Brands during the 3rd quarter worth $39,000. Versant Capital Management Inc raised its stake in shares of Constellation Brands by 887.5% during the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock worth $35,000 after purchasing an additional 142 shares during the period. Finally, FSA Wealth Management LLC bought a new position in Constellation Brands during the third quarter valued at about $42,000. Hedge funds and other institutional investors 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.