Fintel reports that on July 24, 2023, Morgan Stanley maintained coverage of Constellation Brands Inc - (NYSE:STZ) with a Overweight recommendation.
Analyst Price Forecast Suggests 2.78% Upside
As of July 6, 2023, the average one-year price target for Constellation Brands Inc - is 276.98. The forecasts range from a low of 236.34 to a high of $315.00. The average price target represents an increase of 2.78% from its latest reported closing price of 269.50.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Constellation Brands Inc - is 10,253MM, an increase of 8.47%. The projected annual non-GAAP EPS is 12.74.
What is the Fund Sentiment?
There are 2053 funds or institutions reporting positions in Constellation Brands Inc -. This is a decrease of 14 owner(s) or 0.68% in the last quarter. Average portfolio weight of all funds dedicated to STZ is 0.34%, a decrease of 2.81%. Total shares owned by institutions increased in the last three months by 6.68% to 177,734K shares. 
The put/call ratio of STZ is 0.75, indicating a bullish outlook.
What are Other Shareholders Doing?
Price T Rowe Associates holds 7,891K shares representing 4.30% ownership of the company. In it's prior filing, the firm reported owning 3,929K shares, representing an increase of 50.21%. The firm increased its portfolio allocation in STZ by 82.17% over the last quarter.
Capital World Investors holds 6,740K shares representing 3.68% ownership of the company. In it's prior filing, the firm reported owning 6,678K shares, representing an increase of 0.93%. The firm decreased its portfolio allocation in STZ by 4.60% over the last quarter.
Capital International Investors holds 6,488K shares representing 3.54% ownership of the company. In it's prior filing, the firm reported owning 3,120K shares, representing an increase of 51.90%. The firm increased its portfolio allocation in STZ by 94.23% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,853K shares representing 2.65% ownership of the company. In it's prior filing, the firm reported owning 4,764K shares, representing an increase of 1.82%. The firm decreased its portfolio allocation in STZ by 8.33% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 3,788K shares representing 2.07% ownership of the company. In it's prior filing, the firm reported owning 3,753K shares, representing an increase of 0.94%. The firm decreased its portfolio allocation in STZ by 8.74% over the last quarter.
Constellation Brands Background Information
(This description is provided by the company.)
Constellation Brands mission is to build brands that people love because it believes sharing a toast, unwinding after a day, celebrating milestones, and helping people connect, are Worth Reaching For. It's worth its dedication, hard work, and the bold calculated risks it takes to deliver more for its consumers, trade partners, shareholders, and communities in which it lives and works. It's what has made us one of the fastest-growing large CPG companies in the U.S. at retail, and it drives its pursuit to deliver what's next. Today, it is a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Every day, people reach for its high-end, iconic imported beer brands such as Corona Extra, Corona Light, Corona Premier, Modelo Especial, Modelo Negra, and Pacifico, and its high-quality premium wine and spirits brands, including the Robert Mondavi brand family, Kim Crawford, Meiomi, The Prisoner brand family, SVEDKA Vodka, Casa Noble Tequila, and High West Whiskey. But it won't stop here. Its visionary leadership team and passionate employees from barrel room to boardroom are reaching for the next level, to explore the boundaries of the beverage alcohol industry and beyond.
Additional reading:
- COOPERATION AGREEMENT
- Description of Compensation Arrangements for Non-Management Directors As of July 18, 2023
- CONSTELLATION BRANDS ANNOUNCES GOVERNANCE ENHANCEMENTS, ELECTS TWO NEW INDEPENDENT DIRECTORS Luca Zaramella, CFO of Mondelēz International and William T. Giles, Former CFO of AutoZone to Join the Company’s Board of Directors Constellation Enters into
- _______________ c/o WildStar Partners LLC 110 E. Atlantic Ave Suite 200 Delray Beach FL July 10, 2023
- CONSTELLATION BRANDS ANNOUNCES RETIREMENT OF ROB SANDS FROM ROLE AS CHAIR OF THE COMPANY’S BOARD OF DIRECTORS
This story originally appeared on Fintel.
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