Constellation Brands (NYSE:STZ – Get Free Report) was downgraded by Freedom Capital from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.
A number of other equities analysts have also recently issued reports on STZ. UBS Group decreased their price objective on shares of Constellation Brands from $186.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, June 17th. Needham & Company LLC reissued a “buy” rating and set a $185.00 price objective on shares of Constellation Brands in a research report on Thursday. Bank of America lowered their price objective on Constellation Brands from $152.00 to $145.00 and set an “underperform” rating for the company in a research note on Thursday. Jefferies Financial Group set a $147.00 price objective on Constellation Brands in a research report on Thursday. Finally, Piper Sandler reissued a “neutral” rating and set a $160.00 price objective on shares of Constellation Brands in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $167.89.
Get Our Latest Analysis on Constellation Brands
Constellation Brands Stock Up 0.3%
Constellation Brands (NYSE:STZ – Get Free Report) last posted its quarterly earnings results on Tuesday, June 30th. The company reported $3.43 EPS for the quarter, missing the consensus estimate of $3.72 by ($0.29). Constellation Brands had a return on equity of 25.58% and a net margin of 18.87%.The business had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same period last year, the business posted $3.22 earnings per share. The company’s revenue was down 3.3% compared to the same quarter last year. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. As a group, research analysts anticipate that Constellation Brands will post 11.64 EPS for the current fiscal year.
Insiders Place Their Bets
In other Constellation Brands news, EVP James O. Bourdeau sold 4,407 shares of Constellation Brands stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $143.24, for a total value of $631,258.68. Following the sale, the executive vice president owned 9,109 shares of the company’s stock, valued at $1,304,773.16. The trade was a 32.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 12.20% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Constellation Brands
Several institutional investors have recently bought and sold shares of STZ. Brighton Jones LLC grew its position in Constellation Brands by 23.0% in the fourth quarter. Brighton Jones LLC now owns 1,001 shares of the company’s stock worth $221,000 after acquiring an additional 187 shares in the last quarter. Woodline Partners LP purchased a new stake in Constellation Brands during the first quarter valued at approximately $2,409,000. Cary Street Partners Financial LLC lifted its stake in shares of Constellation Brands by 69.9% in the 2nd quarter. Cary Street Partners Financial LLC now owns 1,026 shares of the company’s stock valued at $167,000 after purchasing an additional 422 shares during the last quarter. Bank of Nova Scotia lifted its stake in shares of Constellation Brands by 3.6% in the 2nd quarter. Bank of Nova Scotia now owns 17,347 shares of the company’s stock valued at $2,822,000 after purchasing an additional 599 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Constellation Brands by 5.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 23,732 shares of the company’s stock worth $3,861,000 after purchasing an additional 1,127 shares during the period. Institutional investors own 77.34% of the company’s stock.
Constellation Brands News Summary
Here are the key news stories impacting Constellation Brands this week:
- Positive Sentiment: Constellation Brands beat fiscal Q1 earnings expectations, topped revenue estimates, and reaffirmed FY27 guidance, reinforcing confidence in its beer portfolio and profitability. Reuters: Constellation Brands beats quarterly profit estimates on beer demand
- Positive Sentiment: Analysts at BMO Capital Markets, RBC, and Needham reaffirmed bullish ratings and maintained elevated price targets, suggesting some believe the post-earnings pullback leaves room for upside. Benzinga analyst updates
- Neutral Sentiment: Constellation Brands also declared a $1.03 quarterly dividend, which supports total return but is not a major near-term catalyst for the stock. Seeking Alpha: Constellation Brands declares $1.03 dividend
- Negative Sentiment: Multiple firms lowered price targets after Q1, citing softer volume trends, consumer weakness, inflation, and gas-price pressure that could weigh on demand. Benzinga: Constellation Brands analysts slash forecasts after Q1 results
- Negative Sentiment: Morgan Stanley highlighted long-term risk tied to declining alcohol consumption, adding to concerns about the company’s long-run growth profile. Yahoo Finance: Constellation faces long-term risks related to alcohol consumption
Constellation Brands Company Profile
Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on‑premise and foodservice channels and supports its brands with national sales and marketing platforms and supply‑chain capabilities.
The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.
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