Constellation Brands Inc (NYSE:STZ – Get Free Report) shares were down 4.8% during mid-day trading on Monday . The company traded as low as $130.11 and last traded at $130.8170. Approximately 380,363 shares traded hands during trading, a decline of 83% from the average daily volume of 2,297,844 shares. The stock had previously closed at $137.47.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the stock. Morgan Stanley decreased their target price on shares of Constellation Brands from $183.00 to $158.00 and set an “equal weight” rating for the company in a research note on Thursday. Piper Sandler reaffirmed a “neutral” rating and set a $160.00 price target on shares of Constellation Brands in a research note on Wednesday, July 1st. Sanford C. Bernstein reissued an “outperform” rating on shares of Constellation Brands in a research report on Wednesday. Needham & Company LLC reissued a “buy” rating and issued a $185.00 price objective on shares of Constellation Brands in a research report on Thursday. Finally, TD Cowen restated a “buy” rating and set a $174.00 target price on shares of Constellation Brands in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $167.89.
Get Our Latest Stock Analysis on STZ
Constellation Brands Trading Down 5.9%
Constellation Brands (NYSE:STZ – Get Free Report) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $3.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.70 by ($0.27). The firm had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.39 billion. Constellation Brands had a return on equity of 25.58% and a net margin of 18.87%.The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter last year, the business earned $3.22 earnings per share. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. As a group, sell-side analysts forecast that Constellation Brands Inc will post 11.72 EPS for the current year.
Constellation Brands Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Thursday, July 30th will be paid a dividend of $1.03 per share. The ex-dividend date is Thursday, July 30th. This represents a $4.12 annualized dividend and a yield of 3.2%. Constellation Brands’s dividend payout ratio is 39.31%.
Insider Transactions at Constellation Brands
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 completion of the transaction, the executive vice president directly owned 9,109 shares in the company, valued at $1,304,773.16. The trade was a 32.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 12.20% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MV Capital Management Inc. bought a new stake in Constellation Brands in the fourth quarter valued at $26,000. Stance Capital LLC acquired a new stake in shares of Constellation Brands in the 3rd quarter worth about $26,000. Strive Financial Group LLC acquired a new stake in shares of Constellation Brands in the 4th quarter worth about $27,000. GoalVest Advisory LLC bought a new stake in Constellation Brands in the 4th quarter valued at about $28,000. Finally, Elyxium Wealth LLC bought a new stake in Constellation Brands in the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 77.34% of the company’s stock.
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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