Constellation Brands (NYSE:STZ) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Constellation Brands Inc (NYSE:STZ)’s stock price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $141.63 and traded as high as $149.43. Constellation Brands shares last traded at $145.7690, with a volume of 3,605,292 shares traded.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on STZ. Weiss Ratings downgraded shares of Constellation Brands from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. BNP Paribas Exane decreased their price objective on Constellation Brands from $115.00 to $110.00 and set an “underperform” rating for the company in a report on Monday, September 21st. Morgan Stanley reaffirmed a “negative” rating and issued a $145.00 target price (down from $158.00) on shares of Constellation Brands in a research report on Thursday, October 8th. Piper Sandler set a $125.00 price objective on shares of Constellation Brands in a research note on Thursday, October 8th. Finally, Freedom Broker raised shares of Constellation Brands from a “hold” rating to a “buy” rating and decreased their target price for the company from $173.00 to $158.00 in a research note on Thursday, October 8th. Twelve research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $154.09.

Constellation Brands Stock Up 5.5%

The company’s 50 day simple moving average is $125.70 and its 200-day simple moving average is $141.63. The company has a current ratio of 1.00, a quick ratio of 0.53 and a debt-to-equity ratio of 1.02. The firm has a market cap of $24.67 billion, a P/E ratio of 13.07, a PEG ratio of 2.83 and a beta of 0.39.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Tuesday, October 6th. The company reported $3.74 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.12. The firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.54 billion. Constellation Brands had a net margin of 19.57% and a return on equity of 24.75%. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the business posted $3.63 earnings per share. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Research analysts forecast that Constellation Brands Inc will post 11.85 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be given a dividend of $1.03 per share. The ex-dividend date is Friday, October 30th. This represents a $4.12 annualized dividend and a yield of 2.8%. Constellation Brands’s payout ratio is 36.95%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Root Financial Partners LLC increased its holdings in Constellation Brands by 231.3% in the 1st quarter. Root Financial Partners LLC now owns 222 shares of the company’s stock worth $33,000 after acquiring an additional 155 shares in the last quarter. Cedar Mountain Advisors LLC bought a new position in shares of Constellation Brands in the first quarter worth approximately $33,000. Continuum Advisory LLC bought a new stake in shares of Constellation Brands during the 2nd quarter valued at $33,000. Ascentis Independent Advisors purchased a new position in shares of Constellation Brands during the 1st quarter valued at $37,000. Finally, Hilton Head Capital Partners LLC increased its stake in Constellation Brands by 497.6% in the 3rd quarter. Hilton Head Capital Partners LLC now owns 508 shares of the company’s stock worth $57,000 after buying an additional 423 shares in the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

Constellation Brands Company Profile

Constellation Brands, Inc is a beverage alcohol company that develops, produces, markets and distributes beer, wine and spirits. Its beer portfolio includes Modelo Especial, Corona Extra, Corona Light, Pacifico and Victoria, while its wine and spirits brands include Robert Mondavi, Kim Crawford, Meiomi, The Prisoner Wine Company, Simi, Ruffino, High West and Casa Noble.

The company’s beer business is primarily focused on the United States, where Constellation markets and distributes several leading Mexican beer brands under license from Grupo Modelo.