Jefferies Financial Group Reaffirms Hold Rating for Constellation Brands (NYSE:STZ)

Constellation Brands (NYSE:STZ - Get Free Report)'s stock had its "hold" rating reissued by investment analysts at Jefferies Financial Group in a research report issued to clients and investors on Monday, Marketbeat reports. They currently have a $201.00 target price on the stock, down from their previous target price of $310.00. Jefferies Financial Group's target price indicates a potential upside of 8.16% from the company's current price.

STZ has been the topic of a number of other reports. Barclays reduced their price target on shares of Constellation Brands from $300.00 to $282.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. BNP Paribas assumed coverage on Constellation Brands in a research report on Monday, November 25th. They set a "neutral" rating and a $261.00 price target on the stock. Morgan Stanley reduced their target price on shares of Constellation Brands from $280.00 to $220.00 and set an "overweight" rating for the company in a report on Monday. Wells Fargo & Company cut their target price on Constellation Brands from $295.00 to $275.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 7th. Finally, Truist Financial decreased their price target on Constellation Brands from $265.00 to $255.00 and set a "hold" rating for the company in a research report on Friday, October 4th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $268.05.

Constellation Brands Price Performance

Shares of NYSE STZ traded up $4.03 during trading on Monday, hitting $185.84. 5,460,613 shares of the company were exchanged, compared to its average volume of 3,259,343. Constellation Brands has a 1 year low of $176.51 and a 1 year high of $274.87. The company has a market cap of $33.74 billion, a price-to-earnings ratio of 60.14, a PEG ratio of 1.69 and a beta of 1.75. The firm's fifty day moving average price is $230.80 and its 200 day moving average price is $240.79. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.25 and a quick ratio of 0.53.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its quarterly earnings results on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing analysts' consensus estimates of $3.33 by ($0.08). The firm had revenue of $2.46 billion for the quarter, compared to analysts' expectations of $2.53 billion. Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. The business's quarterly revenue was down .3% compared to the same quarter last year. During the same quarter last year, the firm earned $3.19 earnings per share. On average, sell-side analysts expect that Constellation Brands will post 13.57 earnings per share for the current fiscal year.

Insider Activity at Constellation Brands

In other news, major shareholder Wildstar Partners Llc sold 660 shares of Constellation Brands stock in a transaction that occurred on Wednesday, November 20th. The shares were 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 $418,589,044. This trade represents a 0.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Sands sold 119,274 shares of the firm's stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $242.37, for a total transaction of $28,908,439.38. Following the completion of the transaction, the director now directly owns 431,729 shares of the company's stock, valued at approximately $104,638,157.73. This trade represents a 21.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 188,446 shares of company stock worth $45,687,281 in the last quarter. Corporate insiders own 12.19% of the company's stock.

Institutional Investors Weigh In On Constellation Brands

Large investors have recently made changes to their positions in the stock. Versant Capital Management Inc boosted 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 acquiring an additional 142 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in Constellation Brands during the second quarter worth about $36,000. Eastern Bank acquired a new stake in shares of Constellation Brands in the third quarter valued at approximately $39,000. FSA Wealth Management LLC bought a new stake in shares of Constellation Brands during the 3rd quarter valued at $42,000. Finally, Fairfield Financial Advisors LTD acquired a new stake in Constellation Brands during the second quarter worth about $57,000. Institutional investors and hedge funds 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.