A number of other analysts also recently weighed in on STZ. Susquehanna Bancshares restated a neutral rating and issued a $193.00 price objective (up from $169.00) on shares of Constellation Brands in a report on Monday, October 2nd. Pivotal Research increased their price objective on Constellation Brands from $250.00 to $265.00 and gave the company a buy rating in a report on Thursday, October 5th. SunTrust Banks restated a buy rating and issued a $230.00 price objective on shares of Constellation Brands in a report on Friday, October 6th. Stifel Nicolaus increased their price objective on Constellation Brands from $216.00 to $235.00 and gave the company a buy rating in a report on Friday, October 6th. Finally, Royal Bank of Canada increased their price objective on Constellation Brands from $222.00 to $226.00 and gave the company an outperform rating in a report on Friday, October 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Buy and a consensus price target of $222.43.
Constellation Brands (NYSE STZ) traded down $1.71 during midday trading on Wednesday, reaching $225.79. The company had a trading volume of 2,774,100 shares, compared to its average volume of 1,320,000. The firm has a market capitalization of $44,160.00, a P/E ratio of 28.87, a price-to-earnings-growth ratio of 1.46 and a beta of 0.08. Constellation Brands has a 1-year low of $144.00 and a 1-year high of $229.50. The company has a quick ratio of 0.69, a current ratio of 1.61 and a debt-to-equity ratio of 1.01.
Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Thursday, October 5th. The company reported $2.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.17 by $0.30. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.06 billion. Constellation Brands had a return on equity of 22.81% and a net margin of 21.47%. Constellation Brands’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.77 earnings per share. sell-side analysts anticipate that Constellation Brands will post 8.43 earnings per share for the current year.
In other Constellation Brands news, Director Barry A. Fromberg sold 2,500 shares of the stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $208.00, for a total transaction of $520,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas J. Mullin sold 50,000 shares of the stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $209.45, for a total value of $10,472,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,662 shares of company stock valued at $15,564,585. Company insiders own 15.59% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of STZ. Janus Henderson Group PLC grew its stake in shares of Constellation Brands by 4,909.6% in the 2nd quarter. Janus Henderson Group PLC now owns 1,134,716 shares of the company’s stock valued at $219,829,000 after buying an additional 1,112,065 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Constellation Brands by 488.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,192,858 shares of the company’s stock valued at $231,093,000 after buying an additional 990,152 shares during the period. Alliancebernstein L.P. grew its stake in shares of Constellation Brands by 87.9% in the 2nd quarter. Alliancebernstein L.P. now owns 1,681,471 shares of the company’s stock valued at $325,751,000 after buying an additional 786,726 shares during the period. Farallon Capital Management LLC acquired a new stake in shares of Constellation Brands in the 2nd quarter valued at about $135,760,000. Finally, Numeric Investors LLC grew its stake in shares of Constellation Brands by 2,217.6% in the 2nd quarter. Numeric Investors LLC now owns 720,771 shares of the company’s stock valued at $139,635,000 after buying an additional 689,671 shares during the period. Institutional investors own 74.86% of the company’s stock.
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About Constellation Brands
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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