Constellation Brands (NYSE:STZ) Trading Down 3.9% - Time to Sell?

Constellation Brands Inc (NYSE:STZ - Get Free Report)'s stock price traded down 3.9% during mid-day trading on Monday . The stock traded as low as $164.42 and last traded at $165.44. 560,354 shares traded hands during trading, a decline of 71% from the average session volume of 1,921,822 shares. The stock had previously closed at $172.19.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on STZ. Deutsche Bank Aktiengesellschaft cut their target price on Constellation Brands from $191.00 to $185.00 and set a "hold" rating on the stock in a report on Thursday, June 5th. Royal Bank Of Canada cut their target price on Constellation Brands from $289.00 to $233.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Jefferies Financial Group upgraded Constellation Brands from a "hold" rating to a "buy" rating and raised their target price for the company from $194.00 to $205.00 in a report on Monday, July 7th. Barclays set a $202.00 target price on Constellation Brands and gave the company an "overweight" rating in a report on Thursday, June 26th. Finally, Citigroup raised their target price on Constellation Brands from $170.00 to $174.00 and gave the company a "neutral" rating in a report on Thursday, July 3rd. Eleven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $213.74.

Constellation Brands Price Performance

The company has a market cap of $29.28 billion, a P/E ratio of -68.81, a PEG ratio of 10.42 and a beta of 1.75. The company has a fifty day moving average price of $175.10 and a two-hundred day moving average price of $180.70. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.68 and a current ratio of 1.07.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its quarterly earnings data on Tuesday, July 1st. The company reported $3.22 earnings per share for the quarter, missing the consensus estimate of $3.45 by ($0.23). Constellation Brands had a negative net margin of 4.11% and a positive return on equity of 31.41%. The company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the previous year, the business earned $3.57 EPS. Constellation Brands's revenue was down 5.5% on a year-over-year basis. On average, sell-side analysts anticipate that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Wednesday, July 30th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Wednesday, July 30th. This represents a $4.08 annualized dividend and a yield of 2.48%. Constellation Brands's dividend payout ratio (DPR) is currently -170.71%.

Insider Transactions at Constellation Brands

In related news, EVP Samuel J. Glaetzer sold 3,150 shares of the firm's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $188.54, for a total value of $593,901.00. Following the completion of the sale, the executive vice president directly owned 3,126 shares in the company, valued at approximately $589,376.04. This trade represents a 50.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 12.45% of the company's stock.

Institutional Investors Weigh In On Constellation Brands

Institutional investors have recently made changes to their positions in the company. Minot DeBlois Advisors LLC bought a new stake in shares of Constellation Brands during the fourth quarter worth approximately $29,000. Optiver Holding B.V. bought a new stake in shares of Constellation Brands during the fourth quarter worth approximately $31,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Constellation Brands in the first quarter valued at approximately $32,000. Rakuten Securities Inc. raised its position in shares of Constellation Brands by 805.0% in the first quarter. Rakuten Securities Inc. now owns 181 shares of the company's stock valued at $33,000 after buying an additional 161 shares in the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of Constellation Brands in the fourth quarter valued at approximately $44,000. 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.