Constellation Brands (NYSE:STZ) Price Target Lowered to $223.00 at UBS Group

Constellation Brands (NYSE:STZ) had its price objective lowered by UBS Group from $265.00 to $223.00 in a research report issued on Friday. The brokerage currently has a “buy” rating on the stock. UBS Group’s target price points to a potential upside of 20.76% from the company’s previous close.

Several other research firms have also recently issued reports on STZ. Argus cut shares of Constellation Brands from a “buy” rating to a “hold” rating in a research note on Tuesday. Roth Mkm restated a “buy” rating and issued a $298.00 price target on shares of Constellation Brands in a research report on Friday, October 4th. Morgan Stanley lowered their price target on shares of Constellation Brands from $280.00 to $220.00 and set an “overweight” rating on the stock in a report on Monday. Evercore ISI reduced their price objective on shares of Constellation Brands from $300.00 to $250.00 and set an “outperform” rating for the company in a research note on Monday. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $201.00 target price (down previously from $310.00) on shares of Constellation Brands in a report on Monday. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Constellation Brands has an average rating of “Moderate Buy” and an average target price of $259.05.

Constellation Brands Stock Up 0.1 %

NYSE:STZ traded up $0.10 during trading hours on Friday, reaching $184.67. 1,364,032 shares of the company traded hands, compared to its average volume of 3,069,717. The company has a current ratio of 1.25, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31. The business’s 50-day moving average price is $228.73 and its two-hundred day moving average price is $239.85. Constellation Brands has a 1 year low of $176.51 and a 1 year high of $274.87. The stock has a market capitalization of $33.53 billion, a P/E ratio of 49.60, a P/E/G ratio of 1.28 and a beta of 0.91.

Constellation Brands (NYSE:STZ) last issued its earnings results on Friday, January 10th. The company reported $3.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.33 by ($0.08). The firm had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.53 billion. Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. The company’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.19 EPS. Analysts predict that Constellation Brands will post 13.72 earnings per share for the current year.

Insider Activity at Constellation Brands

In related news, major shareholder Wildstar Partners Llc sold 660 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total transaction of $159,060.00. Following the completion of the transaction, the insider now owns 1,736,884 shares in the company, valued at $418,589,044. The trade was a 0.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William A. Newlands sold 7,426 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $237.24, for a total value of $1,761,744.24. Following the completion of the sale, the chief executive officer now owns 7,274 shares in the company, valued at approximately $1,725,683.76. The trade was a 50.52 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 69,172 shares of company stock worth $16,778,841. Insiders own 12.19% of the company’s stock.

Institutional Investors Weigh In On Constellation Brands

Hedge funds have recently made changes to their positions in the company. Versant Capital Management Inc lifted its stake in Constellation Brands by 887.5% in the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock worth $35,000 after acquiring an additional 142 shares during the period. Eastern Bank purchased a new stake in shares of Constellation Brands in the 3rd quarter worth approximately $39,000. FSA Wealth Management LLC purchased a new stake in shares of Constellation Brands in the 3rd quarter worth approximately $42,000. Truvestments Capital LLC bought a new position in shares of Constellation Brands during the third quarter valued at approximately $60,000. Finally, Continuum Advisory LLC increased its holdings in Constellation Brands by 68.0% during the third quarter. Continuum Advisory LLC now owns 252 shares of the company’s stock valued at $61,000 after buying an additional 102 shares during the period. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

About Constellation Brands

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.