Wells Fargo & Company Lowers Constellation Brands (NYSE:STZ) Price Target to $275.00

Constellation Brands (NYSE:STZ) had its target price dropped by stock analysts at Wells Fargo & Company from $295.00 to $275.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential upside of 22.54% from the company’s current price.

Several other research firms have also recently weighed in on STZ. Needham & Company LLC reiterated a “buy” rating and issued a $280.00 price target on shares of Constellation Brands in a report on Friday, December 20th. TD Cowen downgraded shares of Constellation Brands from a “buy” rating to a “hold” rating and decreased their price target for the stock from $300.00 to $270.00 in a research note on Tuesday, October 8th. JPMorgan Chase & Co. reduced their target price on Constellation Brands from $307.00 to $293.00 and set an “overweight” rating on the stock in a report on Friday, October 4th. Evercore ISI dropped their price target on Constellation Brands from $310.00 to $300.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. Finally, Truist Financial lowered their price objective on Constellation Brands from $265.00 to $255.00 and set a “hold” rating for the company in a research report on Friday, October 4th. Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $287.70.

Constellation Brands Stock Up 0.7 %

Shares of NYSE:STZ opened at $224.41 on Tuesday. Constellation Brands has a 1 year low of $217.52 and a 1 year high of $274.87. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.25 and a quick ratio of 0.53. The stock’s 50-day moving average is $233.85 and its 200 day moving average is $242.78. The company has a market cap of $40.74 billion, a PE ratio of 72.62, a P/E/G ratio of 1.69 and a beta of 1.75.

Insider Activity at Constellation Brands

In other Constellation Brands news, major shareholder Wildstar Partners Llc sold 660 shares of Constellation Brands stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total value of $159,060.00. Following the completion of the sale, the insider now owns 1,736,884 shares of the company’s stock, valued at approximately $418,589,044. This trade represents a 0.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Samuel J. Glaetzer sold 1,510 shares of the company’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $245.57, for a total value of $370,810.70. Following the transaction, the executive vice president now directly owns 4,970 shares in the company, valued at approximately $1,220,482.90. The trade was a 23.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 189,956 shares of company stock valued at $46,058,091. 12.19% of the stock is owned by corporate insiders.

Institutional Trading of Constellation Brands

Institutional investors have recently made changes to their positions in the stock. Candriam S.C.A. raised its stake in Constellation Brands by 2.5% during the 2nd quarter. Candriam S.C.A. now owns 9,779 shares of the company’s stock valued at $2,516,000 after buying an additional 236 shares during the last quarter. Strategic Financial Concepts LLC boosted its position in Constellation Brands by 2,614.3% in the second quarter. Strategic Financial Concepts LLC now owns 31,649 shares of the company’s stock worth $81,000 after purchasing an additional 30,483 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Constellation Brands by 494.8% during the 2nd quarter. Acadian Asset Management LLC now owns 3,789 shares of the company’s stock valued at $973,000 after purchasing an additional 3,152 shares during the period. Caprock Group LLC increased its position in shares of Constellation Brands by 15.5% during the 2nd quarter. Caprock Group LLC now owns 3,642 shares of the company’s stock valued at $937,000 after purchasing an additional 489 shares during the last quarter. Finally, Ballentine Partners LLC lifted its stake in shares of Constellation Brands by 14.4% in the 2nd quarter. Ballentine Partners LLC now owns 2,960 shares of the company’s stock worth $762,000 after purchasing an additional 372 shares during the period. Hedge funds and other institutional investors own 77.34% of the company’s stock.

About Constellation Brands

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.