STZ has been the subject of a number of other research reports. Zacks Investment Research upgraded Constellation Brands from a sell rating to a hold rating and set a $183.00 target price for the company in a research note on Friday, July 1st. Credit Suisse Group AG assumed coverage on Constellation Brands in a research note on Thursday, September 15th. They issued a neutral rating and a $178.00 target price for the company. Credit Agricole SA restated an outperform rating on shares of Constellation Brands in a research note on Monday, August 22nd. Wells Fargo & Co. restated a buy rating on shares of Constellation Brands in a research note on Thursday, June 30th. Finally, Susquehanna restated a hold rating and issued a $155.00 target price on shares of Constellation Brands in a research note on Tuesday, June 28th. Six investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $174.79.
Constellation Brands (NYSE:STZ) traded down 0.49% during midday trading on Wednesday, hitting $164.49. The stock had a trading volume of 166,723 shares. The firm’s 50-day moving average price is $165.24 and its 200 day moving average price is $159.45. The company has a market cap of $32.98 billion, a P/E ratio of 29.64 and a beta of 0.72. Constellation Brands has a 12 month low of $124.57 and a 12 month high of $168.68.
Constellation Brands (NYSE:STZ) last released its earnings results on Thursday, June 30th. The company reported $1.54 EPS for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.02. The company earned $1.87 billion during the quarter. Constellation Brands had a return on equity of 17.66% and a net margin of 15.53%. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.26 EPS. On average, analysts expect that Constellation Brands will post $6.31 earnings per share for the current fiscal year.
In related news, CFO David Eric Klein sold 14,300 shares of Constellation Brands stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $166.27, for a total transaction of $2,377,661.00. Following the transaction, the chief financial officer now directly owns 36,152 shares in the company, valued at $6,010,993.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Thomas J. Mullin sold 9,516 shares of Constellation Brands stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $166.42, for a total value of $1,583,652.72. Following the transaction, the vice president now owns 88,602 shares in the company, valued at $14,745,144.84. The disclosure for this sale can be found here. Corporate insiders own 10.63% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC increased its position in Constellation Brands by 2.1% in the second quarter. Quadrant Capital Group LLC now owns 678 shares of the company’s stock valued at $103,000 after buying an additional 14 shares during the period. PineBridge Investments L.P. increased its position in Constellation Brands by 331.3% in the second quarter. PineBridge Investments L.P. now owns 690 shares of the company’s stock valued at $115,000 after buying an additional 530 shares during the period. Invictus RG bought a new position in Constellation Brands during the first quarter valued at $110,000. Hanson McClain Inc. increased its position in Constellation Brands by 0.3% in the second quarter. Hanson McClain Inc. now owns 764 shares of the company’s stock valued at $126,000 after buying an additional 2 shares during the period. Finally, Daiwa SB Investments Ltd. acquired a new position in shares of Constellation Brands during the second quarter valued at approximately $134,000. Institutional investors own 75.05% of the company’s stock.
About Constellation Brands
Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer and wine the United States and Canada. 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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