Constellation Brands Inc (NYSE:STZ - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $149.36 and last traded at $152.68, with a volume of 546300 shares traded. The stock had previously closed at $161.94.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on STZ. Cowen reaffirmed a "hold" rating on shares of Constellation Brands in a research note on Monday, July 7th. Bank of America downgraded Constellation Brands from a "neutral" rating to an "underperform" rating and set a $150.00 price objective on the stock. in a research report on Tuesday, August 26th. UBS Group lifted their target price on Constellation Brands from $195.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. CJS Securities reduced their target price on Constellation Brands from $196.00 to $194.00 in a research report on Monday, May 19th. Finally, Jefferies Financial Group upgraded Constellation Brands from a "hold" rating to a "buy" rating and lifted their target price for the company from $194.00 to $205.00 in a research report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $212.35.
Get Our Latest Report on Constellation Brands
Constellation Brands Price Performance
The stock has a market capitalization of $26.66 billion, a price-to-earnings ratio of -63.14, a PEG ratio of 0.44 and a beta of 0.67. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.68 and a current ratio of 1.07. The company has a 50 day moving average of $168.30 and a 200 day moving average of $175.87.
Constellation Brands (NYSE:STZ - Get Free Report) last released its quarterly earnings results on Tuesday, July 1st. The company reported $3.22 EPS for the quarter, missing the consensus estimate of $3.45 by ($0.23). Constellation Brands had a positive return on equity of 31.41% and a negative net margin of 4.11%.The company had revenue of $2.52 billion for the quarter, compared to analysts' expectations of $2.57 billion. During the same quarter last year, the company earned $3.57 EPS. Constellation Brands's revenue for the quarter was down 5.5% compared to the same quarter last year. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. As a group, equities research analysts anticipate that Constellation Brands Inc will post 13.5 EPS for the current year.
Constellation Brands Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Wednesday, July 30th were given a $1.02 dividend. The ex-dividend date was Wednesday, July 30th. This represents a $4.08 annualized dividend and a dividend yield of 2.7%. Constellation Brands's payout ratio is currently -170.71%.
Insiders Place Their Bets
In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of the firm's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $169.00, for a total transaction of $138,749.00. Following the completion of the transaction, the executive vice president directly owned 9,438 shares in the company, valued at approximately $1,595,022. This trade represents a 8.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 12.45% of the company's stock.
Institutional Trading of Constellation Brands
A number of hedge funds have recently added to or reduced their stakes in the business. Gilbert & Cook Inc. grew its holdings in shares of Constellation Brands by 2.6% during the 2nd quarter. Gilbert & Cook Inc. now owns 2,385 shares of the company's stock worth $388,000 after purchasing an additional 60 shares during the period. Piscataqua Savings Bank grew its holdings in shares of Constellation Brands by 1.7% during the 1st quarter. Piscataqua Savings Bank now owns 3,720 shares of the company's stock worth $683,000 after purchasing an additional 62 shares during the period. Strategic Financial Concepts LLC grew its holdings in shares of Constellation Brands by 5.8% during the 1st quarter. Strategic Financial Concepts LLC now owns 1,128 shares of the company's stock worth $207,000 after purchasing an additional 62 shares during the period. World Investment Advisors grew its holdings in shares of Constellation Brands by 1.7% during the 1st quarter. World Investment Advisors now owns 3,801 shares of the company's stock worth $698,000 after purchasing an additional 62 shares during the period. Finally, V Square Quantitative Management LLC raised its holdings in shares of Constellation Brands by 3.8% during the 2nd quarter. V Square Quantitative Management LLC now owns 1,682 shares of the company's stock valued at $274,000 after buying an additional 62 shares during the period. 77.34% of the stock is owned by institutional investors and hedge funds.
About Constellation Brands
(
Get Free Report)
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.
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