A number of other equities analysts also recently commented on STZ. Citigroup reissued a neutral rating and set a $232.00 price objective (up from $211.00) on shares of Constellation Brands in a research report on Monday, October 9th. Royal Bank of Canada boosted their price objective on Constellation Brands from $222.00 to $226.00 and gave the stock an outperform rating in a research report on Friday, October 6th. Stifel Nicolaus boosted their price objective on Constellation Brands from $216.00 to $235.00 and gave the stock a buy rating in a research report on Friday, October 6th. Cowen restated an outperform rating and set a $243.00 target price (up previously from $230.00) on shares of Constellation Brands in a research note on Friday, October 6th. Finally, Evercore ISI restated an outperform rating and set a $235.00 target price (up previously from $230.00) on shares of Constellation Brands in a research note on Friday, October 6th. One research 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 company’s stock. The company has an average rating of Buy and an average target price of $222.43.
Shares of Constellation Brands (STZ) traded down $1.71 during trading on Monday, hitting $225.79. The stock had a trading volume of 2,778,218 shares, compared to its average volume of 2,280,148. Constellation Brands has a 1-year low of $144.00 and a 1-year high of $229.50. The firm has a market capitalization of $44,160.00, a P/E ratio of 28.87, a PEG ratio of 1.46 and a beta of 0.08. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.69 and a current ratio of 1.61.
In other news, VP Thomas J. Mullin sold 18,227 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $217.01, for a total value of $3,955,441.27. Following the transaction, the vice president now owns 72,924 shares of the company’s stock, valued at $15,825,237.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider William A. Newlands sold 2,935 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $210.10, for a total value of $616,643.50. The disclosure for this sale can be found here. In the last three months, insiders sold 73,662 shares of company stock worth $15,564,585. Corporate insiders own 15.59% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Wedbush Securities Inc. grew its holdings in Constellation Brands by 12.9% during the third quarter. Wedbush Securities Inc. now owns 3,179 shares of the company’s stock worth $634,000 after acquiring an additional 362 shares during the period. Oak Ridge Investments LLC grew its holdings in Constellation Brands by 24.4% during the second quarter. Oak Ridge Investments LLC now owns 35,907 shares of the company’s stock worth $6,956,000 after acquiring an additional 7,052 shares during the period. Toronto Dominion Bank grew its holdings in Constellation Brands by 12.2% during the third quarter. Toronto Dominion Bank now owns 65,188 shares of the company’s stock worth $13,000,000 after acquiring an additional 7,086 shares during the period. Achmea Investment Management B.V. grew its holdings in Constellation Brands by 88.1% during the second quarter. Achmea Investment Management B.V. now owns 9,343 shares of the company’s stock worth $1,808,000 after acquiring an additional 4,377 shares during the period. Finally, Balasa Dinverno & Foltz LLC acquired a new stake in Constellation Brands in the third quarter valued at $204,000. 74.86% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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