Constellation Brands’ (STZ) “Overweight” Rating Reiterated at Morgan Stanley

Morgan Stanley restated their overweight rating on shares of Constellation Brands Inc (NYSE:STZ) in a research report released on Monday. They currently have a $204.00 price target on the stock.

STZ has been the subject of a number of other research reports. Zacks Investment Research cut Constellation Brands from a buy rating to a hold rating in a research report on Thursday, March 2nd. Vetr upgraded Constellation Brands from a hold rating to a buy rating and set a $163.75 price target for the company in a research report on Tuesday, March 7th. J P Morgan Chase & Co assumed coverage on Constellation Brands in a research report on Tuesday, March 21st. They issued an overweight rating and a $183.00 price target for the company. OTR Global cut Constellation Brands to a positive rating in a research report on Tuesday, March 28th. Finally, Royal Bank Of Canada restated a buy rating and issued a $183.00 price target on shares of Constellation Brands in a research report on Friday, March 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $188.87.

Shares of Constellation Brands (NYSE STZ) opened at 183.68 on Monday. The firm has a market capitalization of $35.78 billion, a PE ratio of 24.43 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 posted its quarterly earnings data on Thursday, April 6th. The company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.12. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.59 billion. Constellation Brands had a return on equity of 19.69% and a net margin of 19.04%. Constellation Brands’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.19 earnings per share. On average, equities analysts expect that Constellation Brands will post $7.94 earnings per share for the current year.

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In other news, EVP David Eric Klein sold 14,350 shares of the company’s stock in a transaction dated Tuesday, April 18th. The stock was sold at an average price of $172.24, for a total value of $2,471,644.00. Following the completion of the transaction, the executive vice president now owns 50,572 shares of the company’s stock, valued at $8,710,521.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Thomas J. Mullin sold 39,854 shares of the company’s stock in a transaction dated Wednesday, April 12th. The stock was sold at an average price of $169.55, for a total value of $6,757,245.70. Following the completion of the transaction, the vice president now directly owns 48,900 shares of the company’s stock, valued at approximately $8,290,995. The disclosure for this sale can be found here. In the last ninety days, insiders sold 61,244 shares of company stock valued at $10,445,048. Corporate insiders own 15.59% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in STZ. Hanson McClain Inc. raised its position in 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. raised its position in 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 raised its position in 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 raised its position in 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 raised its position in 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. 76.79% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Constellation Brands (NYSE:STZ)

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