Constellation Brands (NYSE:STZ) Upgraded to Hold at StockNews.com

Constellation Brands (NYSE:STZ) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Thursday.

STZ has been the subject of several other research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $293.00 target price on shares of Constellation Brands in a research note on Monday, February 3rd. Jefferies Financial Group reaffirmed a “hold” rating and issued a $201.00 target price (down previously from $310.00) on shares of Constellation Brands in a research note on Monday, January 13th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $203.00 target price (down previously from $262.00) on shares of Constellation Brands in a research note on Monday, January 13th. Truist Financial dropped their price objective on Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a research note on Tuesday, January 14th. Finally, Roth Capital dropped their price objective on Constellation Brands from $298.00 to $284.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $254.29.

Constellation Brands Stock Down 2.2 %

STZ stock opened at $161.11 on Thursday. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The company’s 50 day moving average is $205.95 and its 200 day moving average is $229.94. The stock has a market cap of $29.12 billion, a price-to-earnings ratio of 43.31, a price-to-earnings-growth ratio of 1.51 and a beta of 0.90. Constellation Brands has a 1-year low of $160.46 and a 1-year high of $274.87.

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 the consensus estimate of $3.33 by ($0.08). The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The firm’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the company posted $3.19 earnings per share. Sell-side analysts predict that Constellation Brands will post 13.5 EPS for the current fiscal year.

Insider Activity

In other Constellation Brands news, major shareholder Wildstar Partners Llc sold 660 shares of the company’s stock in a transaction 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 completion of 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William T. Giles bought 1,000 shares of the stock in a transaction on Friday, January 17th. The stock was purchased at an average price of $186.39 per share, with a total value of $186,390.00. Following the completion of the acquisition, the director now directly owns 1,463 shares in the company, valued at approximately $272,688.57. This trade represents a 215.98 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 12.19% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Savoir Faire Capital Management L.P. increased its holdings in shares of Constellation Brands by 82.5% in the fourth quarter. Savoir Faire Capital Management L.P. now owns 55,218 shares of the company’s stock valued at $12,203,000 after purchasing an additional 24,958 shares during the period. World Investment Advisors increased its holdings in shares of Constellation Brands by 46.6% in the fourth quarter. World Investment Advisors now owns 3,739 shares of the company’s stock valued at $826,000 after purchasing an additional 1,189 shares during the period. Bryce Point Capital LLC acquired a new position in shares of Constellation Brands in the fourth quarter valued at about $2,200,000. Meeder Advisory Services Inc. boosted its stake in shares of Constellation Brands by 8.9% in the fourth quarter. Meeder Advisory Services Inc. now owns 4,665 shares of the company’s stock worth $1,031,000 after buying an additional 383 shares during the last quarter. Finally, Trexquant Investment LP boosted its stake in shares of Constellation Brands by 62.3% in the fourth quarter. Trexquant Investment LP now owns 38,213 shares of the company’s stock worth $8,445,000 after buying an additional 14,668 shares during the last quarter. 77.34% of the stock is owned by institutional investors and hedge funds.

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.