Constellation Brands (NYSE:STZ) Price Target Lowered to $155.00 at Wells Fargo & Company

Constellation Brands (NYSE:STZ) had its price target trimmed by Wells Fargo & Company from $170.00 to $155.00 in a research report sent to investors on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other analysts also recently weighed in on STZ. Sanford C. Bernstein cut their price objective on shares of Constellation Brands from $225.00 to $195.00 and set an “outperform” rating on the stock in a research report on Thursday, September 4th. BNP Paribas cut Constellation Brands from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 3rd. Morgan Stanley reduced their price objective on Constellation Brands from $195.00 to $176.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. raised their target price on Constellation Brands from $170.00 to $182.00 and gave the company a “neutral” rating in a research report on Thursday, July 3rd. Finally, Barclays reiterated an “equal weight” rating and set a $150.00 price target (down previously from $202.00) on shares of Constellation Brands in a research report on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $191.28.

Constellation Brands Trading Down 0.2%

Shares of NYSE STZ opened at $132.42 on Thursday. Constellation Brands has a 12-month low of $131.20 and a 12-month high of $261.06. The company has a market cap of $23.34 billion, a price-to-earnings ratio of -55.41, a price-to-earnings-growth ratio of 0.40 and a beta of 0.67. The company has a current ratio of 1.07, a quick ratio of 0.68 and a debt-to-equity ratio of 1.30. The stock’s 50 day simple moving average is $157.28 and its 200 day simple moving average is $170.89.

Constellation Brands (NYSE:STZ) last issued its earnings results 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). The company had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.57 billion. Constellation Brands had a positive return on equity of 31.41% and a negative net margin of 4.11%.Constellation Brands’s quarterly revenue was down 5.5% on a year-over-year basis. During the same period in the prior year, the business earned $3.57 earnings per share. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. Equities research analysts expect that Constellation Brands will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Wednesday, July 30th were paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Wednesday, July 30th. Constellation Brands’s dividend payout ratio (DPR) is presently -170.71%.

Insider Activity at Constellation Brands

In other news, EVP James O. Bourdeau sold 821 shares of the business’s stock in a transaction on Monday, July 21st. The stock was sold at an average price of $169.00, for a total value of $138,749.00. Following the sale, the executive vice president owned 9,438 shares of the company’s stock, valued at approximately $1,595,022. The trade was a 8.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 12.45% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Laurel Wealth Advisors LLC bought a new position in shares of Constellation Brands during the 1st quarter valued at about $32,000. Rakuten Securities Inc. lifted its stake in Constellation Brands by 805.0% during the first quarter. Rakuten Securities Inc. now owns 181 shares of the company’s stock valued at $33,000 after purchasing an additional 161 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in Constellation Brands during the first quarter valued at $38,000. Flaharty Asset Management LLC purchased a new stake in Constellation Brands in the 1st quarter worth about $39,000. Finally, Hoey Investments Inc. acquired a new stake in Constellation Brands during the 2nd quarter worth about $40,000. 77.34% of the stock is owned by institutional investors and hedge funds.

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.