Constellation Brands (NYSE:STZ) had its price objective decreased by stock analysts at Citigroup to $168.00 in a report issued on Thursday, The Fly reports. The brokerage presently has a “neutral” rating on the stock. Citigroup‘s price objective indicates a potential upside of 5.52% from the company’s current price.
Other research analysts also recently issued research reports about the company. Goldman Sachs Group raised Constellation Brands from a “neutral” rating to a “buy” rating and set a $211.00 price target for the company in a report on Thursday. ValuEngine downgraded Constellation Brands from a “hold” rating to a “sell” rating in a report on Thursday. Guggenheim raised Constellation Brands from a “sell” rating to a “neutral” rating in a report on Wednesday. Pivotal Research reissued a “buy” rating and issued a $265.00 price target (down previously from $300.00) on shares of Constellation Brands in a report on Wednesday. Finally, Susquehanna Bancshares raised Constellation Brands from a “negative” rating to a “neutral” rating and set a $174.00 target price on the stock in a report on Monday, January 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $228.09.
STZ stock opened at $159.21 on Thursday. The company has a quick ratio of 0.76, a current ratio of 1.66 and a debt-to-equity ratio of 0.80. Constellation Brands has a 1 year low of $150.37 and a 1 year high of $236.62. The stock has a market capitalization of $28.60 billion, a PE ratio of 18.26, a P/E/G ratio of 1.57 and a beta of 0.38.
In related news, Chairman Richard Sands sold 148,773 shares of the firm’s stock in a transaction that occurred on Monday, October 22nd. The stock was sold at an average price of $223.69, for a total value of $33,279,032.37. Following the sale, the chairman now directly owns 346,525 shares in the company, valued at approximately $77,514,177.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert Sands sold 151,060 shares of the firm’s stock in a transaction that occurred on Monday, October 22nd. The shares were sold at an average price of $223.67, for a total value of $33,787,590.20. Following the completion of the sale, the chief executive officer now owns 737,607 shares in the company, valued at $164,980,557.69. The disclosure for this sale can be found here. In the last three months, insiders sold 578,723 shares of company stock worth $129,438,449. Company insiders own 15.80% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of STZ. Carroll Financial Associates Inc. increased its position in shares of Constellation Brands by 132.0% during the 4th quarter. Carroll Financial Associates Inc. now owns 283 shares of the company’s stock valued at $48,000 after purchasing an additional 161 shares during the period. Atlantic Trust LLC acquired a new position in shares of Constellation Brands in the 2nd quarter worth $114,000. TLP Group LLC acquired a new position in shares of Constellation Brands in the 3rd quarter worth $136,000. Truvestments Capital LLC acquired a new position in shares of Constellation Brands in the 3rd quarter worth $137,000. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in shares of Constellation Brands by 49.3% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 787 shares of the company’s stock worth $170,000 after acquiring an additional 260 shares during the last quarter. Hedge funds and other institutional investors own 72.56% of the company’s stock.
About Constellation Brands
Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company sells wine across various categories, including table wine, sparkling wine, and dessert wine. It provides beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Obregon Brewery, and Ballast Point brands.
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