Constellation Brands (NYSE:STZ) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Constellation Brands (NYSE:STZ) from a hold rating to a sell rating in a research note published on Friday.

Several other research analysts have also recently commented on STZ. TD Cowen reduced their target price on Constellation Brands from $270.00 to $260.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company reduced their target price on Constellation Brands from $295.00 to $275.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Royal Bank of Canada reduced their target price on Constellation Brands from $293.00 to $289.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. Piper Sandler cut Constellation Brands from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $245.00 to $200.00 in a research report on Monday, February 3rd. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $201.00 target price (down from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Constellation Brands currently has a consensus rating of “Hold” and an average price target of $252.81.

Constellation Brands Trading Down 0.1 %

Shares of Constellation Brands stock opened at $181.46 on Friday. The company’s fifty day simple moving average is $180.58 and its 200-day simple moving average is $219.08. The company has a market cap of $32.79 billion, a price-to-earnings ratio of 48.78, a PEG ratio of 1.52 and a beta of 1.75. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. Constellation Brands has a 1 year low of $160.46 and a 1 year high of $274.87.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Friday, January 10th. The company reported $3.25 earnings per share (EPS) 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 analyst estimates of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The company’s revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.19 EPS. As a group, sell-side analysts expect that Constellation Brands will post 13.5 EPS for the current year.

Constellation Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 2.23%. The ex-dividend date was Friday, February 7th. Constellation Brands’s payout ratio is 108.60%.

Insider Transactions at Constellation Brands

In other Constellation Brands news, Director William T. Giles bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were acquired at an average cost of $186.39 per share, with a total value of $186,390.00. Following the acquisition, the director now owns 1,463 shares of the company’s stock, valued at $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 12.19% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in STZ. Van ECK Associates Corp lifted its position in shares of Constellation Brands by 1,844.7% during the 4th quarter. Van ECK Associates Corp now owns 924,274 shares of the company’s stock worth $204,265,000 after buying an additional 876,745 shares during the last quarter. Copperleaf Capital LLC bought a new stake in shares of Constellation Brands during the 4th quarter worth $343,000. Grimes & Company Inc. bought a new stake in shares of Constellation Brands during the 4th quarter worth $6,099,000. Empowered Funds LLC lifted its position in shares of Constellation Brands by 62.8% during the 4th quarter. Empowered Funds LLC now owns 16,575 shares of the company’s stock worth $3,663,000 after buying an additional 6,391 shares during the last quarter. Finally, Southern Style Financial Inc. bought a new stake in shares of Constellation Brands during the 4th quarter worth $3,074,000. 77.34% of the stock is owned by institutional investors and hedge funds.

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.