Constellation Brands (NYSE:STZ) Stock Price Down 3% - Time to Sell?

Constellation Brands, Inc. (NYSE:STZ - Get Free Report) was down 3% during trading on Wednesday . The stock traded as low as $167.05 and last traded at $166.46. Approximately 647,337 shares changed hands during trading, a decline of 64% from the average daily volume of 1,791,186 shares. The stock had previously closed at $171.55.

Analyst Ratings Changes

STZ has been the subject of several research reports. Wall Street Zen raised Constellation Brands from a "sell" rating to a "hold" rating in a research note on Tuesday, May 20th. Roth Capital cut their target price on Constellation Brands from $256.00 to $239.00 and set a "buy" rating for the company in a research note on Tuesday, May 20th. Barclays upped their target price on Constellation Brands from $203.00 to $207.00 and gave the stock an "overweight" rating in a research note on Monday, April 14th. Truist Financial raised Constellation Brands from a "hold" rating to a "buy" rating and upped their target price for the stock from $190.00 to $215.00 in a research note on Wednesday, May 7th. Finally, Roth Mkm cut their target price on Constellation Brands from $284.00 to $256.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Eleven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $220.00.

Constellation Brands Stock Performance

The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The company has a market cap of $29.32 billion, a P/E ratio of 44.27, a P/E/G ratio of 1.52 and a beta of 1.75. The business has a fifty day moving average of $183.21 and a 200 day moving average of $191.30.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its earnings results on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, beating analysts' consensus estimates of $2.28 by $0.35. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.14 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.26 earnings per share. On average, equities analysts predict that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 29th were issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date was Tuesday, April 29th. This is an increase from Constellation Brands's previous quarterly dividend of $1.01. Constellation Brands's dividend payout ratio is currently -800.00%.

Insider Activity at Constellation Brands

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 3,150 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $188.54, for a total value of $593,901.00. Following the completion of the transaction, the executive vice president now owns 3,126 shares in the company, valued at approximately $589,376.04. This represents a 50.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 12.19% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Constellation Brands

Institutional investors have recently added to or reduced their stakes in the company. Mainstream Capital Management LLC bought a new position in Constellation Brands in the fourth quarter worth $25,000. SBI Securities Co. Ltd. bought a new position in Constellation Brands in the fourth quarter worth $26,000. Compagnie Lombard Odier SCmA bought a new position in Constellation Brands in the fourth quarter worth $27,000. Union Bancaire Privee UBP SA bought a new position in Constellation Brands in the fourth quarter worth $28,000. Finally, Minot DeBlois Advisors LLC bought a new position in Constellation Brands in the fourth quarter worth $29,000. Institutional investors own 77.34% of the company's stock.

Constellation Brands Company Profile

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.