Constellation Brands (NYSE:STZ) Hits New 52-Week Low – Here’s What Happened

Constellation Brands Inc (NYSE:STZ)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $120.24 and last traded at $120.9220, with a volume of 349045 shares. The stock had previously closed at $122.45.

Analyst Ratings Changes

STZ has been the topic of several recent research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Constellation Brands in a report on Friday, July 31st. Freedom Capital cut Constellation Brands from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. BNP Paribas Exane dropped their target price on Constellation Brands from $117.00 to $115.00 and set an “underperform” rating for the company in a research report on Thursday, July 2nd. Bank of America cut their price target on Constellation Brands from $152.00 to $145.00 and set an “underperform” rating on the stock in a research note on Thursday, July 2nd. Finally, JPMorgan Chase & Co. reduced their price target on Constellation Brands from $169.00 to $165.00 and set a “neutral” rating on the stock in a report on Thursday, July 2nd. Twelve analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $165.14.

Constellation Brands Stock Performance

The stock has a fifty day simple moving average of $130.80 and a two-hundred day simple moving average of $141.93. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.48 and a current ratio of 0.91. The stock has a market capitalization of $20.49 billion, a price-to-earnings ratio of 11.45, a P/E/G ratio of 2.44 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $3.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.70 by ($0.27). Constellation Brands had a net margin of 18.87% and a return on equity of 25.58%. The business had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same period in the prior year, the firm earned $3.22 earnings per share. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Analysts forecast that Constellation Brands Inc will post 11.84 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, July 30th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Thursday, July 30th. This represents a $4.12 annualized dividend and a dividend yield of 3.4%. Constellation Brands’s dividend payout ratio (DPR) is 39.31%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of STZ. Clearstead Trust LLC increased its stake in Constellation Brands by 14.2% during the 4th quarter. Clearstead Trust LLC now owns 548 shares of the company’s stock worth $76,000 after buying an additional 68 shares during the period. HB Wealth Management LLC raised its stake in Constellation Brands by 0.7% during the first quarter. HB Wealth Management LLC now owns 10,795 shares of the company’s stock valued at $1,619,000 after buying an additional 72 shares in the last quarter. Chicago Partners Investment Group LLC lifted its stake in Constellation Brands by 4.3% during the first quarter. Chicago Partners Investment Group LLC now owns 1,888 shares of the company’s stock worth $296,000 after purchasing an additional 77 shares during the last quarter. Rexford Capital Inc. lifted its position in shares of Constellation Brands by 4.0% in the 1st quarter. Rexford Capital Inc. now owns 2,072 shares of the company’s stock worth $311,000 after buying an additional 79 shares during the last quarter. Finally, Keybank National Association OH lifted its holdings in Constellation Brands by 4.0% in the first quarter. Keybank National Association OH now owns 2,338 shares of the company’s stock worth $351,000 after acquiring an additional 90 shares during the last quarter. 77.34% of the stock is owned by institutional investors.

Constellation Brands Company Profile

Constellation Brands, Inc (NYSE: STZ) is a beverage alcohol company that produces, markets and distributes beer, wine and spirits. Its portfolio includes well-known beer brands such as Corona Extra, Modelo Especial, Modelo Negra, Pacifico and Victoria, along with wine brands including Robert Mondavi, The Prisoner, Kim Crawford and Meiomi. Its spirits portfolio includes brands such as Casa Noble tequila and High West whiskey.

The company’s beer business is focused primarily on the United States, where Constellation markets and sells Mexican beer brands brewed by its production operations in Mexico.