MKM Partners Sticks to Their Hold Rating for Constellation Brands (STZ)

MKM Partners analyst William Kirk maintained a Hold rating on Constellation Brands (STZResearch Report) today and set a price target of $240.00. The company’s shares opened today at $240.30.

Kirk covers the Consumer Goods sector, focusing on stocks such as Constellation Brands, Walmart, and Kroger Company. According to TipRanks, Kirk has an average return of -5.8% and a 42.33% success rate on recommended stocks.

Currently, the analyst consensus on Constellation Brands is a Strong Buy with an average price target of $279.31.

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Based on Constellation Brands’ latest earnings release for the quarter ending May 31, the company reported a quarterly revenue of $2.36 billion and a net profit of $389.5 million. In comparison, last year the company earned a revenue of $2.03 billion and had a GAAP net loss of $908.1 million

Based on the recent corporate insider activity of 30 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. Earlier this month, Daniel J. McCarthy, a Director at STZ sold 1,682.00 shares for a total of $415,100.78.

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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