Constellation Brands Inc (NYSE:STZ)‘s stock had its “buy” rating reissued by Goldman Sachs Group, Inc. (The) in a report released on Friday. They currently have a $198.00 price objective on the stock, down from their previous price objective of $200.00. Goldman Sachs Group, Inc. (The)’s price target points to a potential upside of 8.51% from the stock’s current price.
STZ has been the subject of several other reports. Susquehanna Bancshares Inc set a $147.00 target price on Constellation Brands and gave the company a “hold” rating in a research report on Saturday, February 25th. Wells Fargo & Company reiterated an “outperform” rating on shares of Constellation Brands in a research report on Monday, April 10th. Zacks Investment Research downgraded Constellation Brands from a “buy” rating to a “hold” rating in a research report on Thursday, March 2nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $205.00 target price (up from $183.00) on shares of Constellation Brands in a research report on Friday, April 7th. Finally, OTR Global downgraded Constellation Brands to a “positive” rating in a research report on Tuesday, March 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $188.87.
Constellation Brands (NYSE STZ) opened at 182.47 on Friday. The company has a market capitalization of $35.54 billion, a PE ratio of 24.26 and a beta of 0.31. Constellation Brands has a 12-month low of $144.00 and a 12-month high of $186.55. The company has a 50 day moving average price of $180.78 and a 200-day moving average price of $163.88.
Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Thursday, April 6th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.12. Constellation Brands had a return on equity of 19.69% and a net margin of 19.04%. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the prior year, the company earned $1.19 EPS. Constellation Brands’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts anticipate that Constellation Brands will post $7.94 EPS for the current year.
In other news, VP Thomas J. Mullin sold 39,854 shares of the firm’s stock in a transaction dated Wednesday, April 12th. The stock was sold at an average price of $169.55, for a total transaction of $6,757,245.70. Following the completion of the transaction, the vice president now directly owns 48,900 shares in the company, valued at $8,290,995. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Barry A. Fromberg sold 700 shares of the firm’s stock in a transaction dated Wednesday, April 12th. The stock was sold at an average price of $170.03, for a total value of $119,021.00. Following the transaction, the director now owns 21,520 shares of the company’s stock, valued at $3,659,045.60. The disclosure for this sale can be found here. Insiders have sold 61,244 shares of company stock valued at $10,445,048 over the last 90 days. 15.59% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. Hanson McClain Inc. increased its position in shares of Constellation Brands by 0.3% in the first quarter. Hanson McClain Inc. now owns 769 shares of the company’s stock worth $125,000 after buying an additional 2 shares during the period. Concert Wealth Management Inc. increased its position in shares of Constellation Brands by 0.7% in the first quarter. Concert Wealth Management Inc. now owns 1,379 shares of the company’s stock worth $212,000 after buying an additional 10 shares during the period. Quadrant Capital Group LLC increased its position in shares of Constellation Brands by 3.2% in the first quarter. Quadrant Capital Group LLC now owns 765 shares of the company’s stock worth $115,000 after buying an additional 24 shares during the period. Atria Investments LLC increased its position in shares of Constellation Brands by 1.6% in the first quarter. Atria Investments LLC now owns 1,702 shares of the company’s stock worth $276,000 after buying an additional 26 shares during the period. Finally, Usca Ria LLC increased its position in shares of Constellation Brands by 0.8% in the first quarter. Usca Ria LLC now owns 6,140 shares of the company’s stock worth $995,000 after buying an additional 50 shares during the period. Institutional investors own 76.79% of the company’s stock.
Constellation Brands Company Profile
Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.
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