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Constellation Brands (STZ) Gets a Hold Rating from MKM Partners

In a report released today, William Kirk from MKM Partners maintained a Hold rating on Constellation Brands (STZResearch Report), with a price target of $225.00. The company’s shares closed last Wednesday at $243.63.

According to TipRanks.com, Kirk is ranked 0 out of 5 stars with an average return of -7.1% and a 39.8% success rate. Kirk covers the Consumer Goods sector, focusing on stocks such as United Natural Foods, Albertsons Companies, and Kroger Company.

Currently, the analyst consensus on Constellation Brands is a Moderate Buy with an average price target of $271.62, representing a 10.6% upside. In a report issued on June 20, Deutsche Bank also maintained a Hold rating on the stock with a $248.00 price target.

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Based on Constellation Brands’ latest earnings release for the quarter ending February 28, the company reported a quarterly revenue of $2.1 billion and net profit of $395 million. In comparison, last year the company earned revenue of $1.95 billion and had a net profit of $383 million.

Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of STZ in relation to earlier this year. Most recently, in April 2022, Jeremy Fowden, a Director at STZ sold 7,574 shares for a total of $1,820,569.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Founded in 1945, Constellation Brands, Inc. is engaged in the production, marketing, and distribution of beer, wine, and spirits in the United States, Mexico, New Zealand, and Italy. The company’s iconic beer brands include Corona Extra, Corona Light, Corona Premier, Modelo Especial, Modelo Negra and Pacifico. Its premium wine and spirits brands include Robert Mondavi, Kim Crawford, Meiomi, The Prisoner, SVEDKA Vodka, Casa Noble Tequila and High West Whiskey.

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