The price of Constellation Brands Inc. (NYSE:STZ) shares last traded on Wall Street fell -1.21% to $220.54.
Based on available information, 26 analysts follow Constellation Brands Inc. (NYSE:STZ). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $300.00 and a low of $200.00, we find $261.45. Given the previous closing price of $223.25, this indicates a potential upside of 17.11 percent. STZ stock price is now -2.48% away from the 50-day moving average and -7.28% away from the 200-day moving average. The market capitalization of the company currently stands at $40.41B.
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Among analysts, 7 rate the stock a hold while 17 rate it a buy. Brokers who have rated the stock have averaged $254.37 as their price target over the next twelve months.
With the price target of $265, Citigroup recently initiated with Buy rating for Constellation Brands Inc. (NYSE: STZ). On January 06, 2023, Cowen Downgraded its previous ‘Outperform’ rating to ‘Market Perform’ on the stock reducing its target price from $275 to quote $200, while ‘Wedbush’ rates the stock as ‘Outperform’.
In other news, Carey Kaneenat Kristann, EVP & Chief HR Officer sold 978 shares of the company’s stock on Nov 30. The stock was sold for $245,292 at an average price of $250.81. Upon completion of the transaction, the EVP & Chief HR Officer now directly owns 1,004 shares in the company, valued at $0.22 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 21, EVP & Pres. Beer Sabia James A. Jr. sold 4,165 shares of the business’s stock. A total of $1,042,228 was realized by selling the stock at an average price of $250.23. This leaves the insider owning 27,102 shares of the company worth $5.98 million. Insiders disposed of 22,282,047 shares of company stock worth roughly $4.91 billion over the past 1 year. A total of 7.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in STZ stock. A new stake in Constellation Brands Inc. shares was purchased by CAPITAL RESEARCH GLOBAL INVESTORS during the first quarter worth $316,505,000. AGF MANAGEMENT LTD invested $147,750,000 in shares of STZ during the first quarter. In the first quarter, HOLOCENE ADVISORS, LP acquired a new stake in Constellation Brands Inc. valued at approximately $99,952,000. CI PRIVATE WEALTH, LLC acquired a new stake in STZ for approximately $43,198,000. TWINBEECH CAPITAL LP purchased a new stake in STZ valued at around $42,431,000 in the second quarter. In total, there are 1,595 active investors with 73.70% ownership of the company’s stock.
A candlestick chart of Constellation Brands Inc. (NYSE: STZ) showed a price of $221.77 on Monday morning. During the past 12 months, Constellation Brands Inc. has had a low of $208.12 and a high of $261.52. As of last week, the company has a debt-to-equity ratio of 1.45, a current ratio of 1.30, and a quick ratio of 0.60. The fifty day moving average price for STZ is $226.16 and a two-hundred day moving average price translates $237.85 for the stock.
The latest earnings results from Constellation Brands Inc. (NYSE: STZ) was released for Nov, 2022. According to the Beverages – Wineries & Distilleries Company, earnings per share came in at $2.83, missing analysts’ expectations of $2.89 by -0.06. This compares to $2.26 EPS in the same period last year. The net profit margin was 1.10% and return on equity was 1.00% for STZ. The company reported revenue of $2.44 billion for the quarter, compared to $2.32 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.99 percent. For the current quarter, analysts expect STZ to generate $2B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 02/22/2023. Investors who held shares on 02/08/2023 were paid a $0.80 dividend. On an annualized basis, this represents a $3.20 dividend and a 1.45% percent yield. There was an ex-dividend date of 02/07/2023 for this dividend. In terms of dividend payout ratio, STZ is presently at 610.30%.
Constellation Brands Inc.(STZ) 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. It provides beer primarily under the Corona Extra, Corona Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands. The company offers wine under the 7 Moons, Cook’s California Champagne, Cooper & Thief, Crafters Union, Kim Crawford, Meiomi, Mount Veeder, Ruffino, SIMI, The Dreaming Tree, Charles Smith, The Prisoner Wine Company, Robert Mondavi, My Favorite Neighbor, and Schrader; and spirits under the Casa Noble, Copper & Kings, High West, Mi CAMPO, Nelson’s Green Brier, and SVEDKA brands. It provides its products to wholesale distributors, retailers, on-premise locations, and state alcohol beverage control agencies. Constellation Brands, Inc. was founded in 1945 and is headquartered in Victor, New York.
