Fintel reports that on November 25, 2024, Exane BNP Paribas initiated coverage of Constellation Brands (NYSE:STZ) with a Neutral recommendation.
Analyst Price Forecast Suggests 24.05% Upside
As of November 21, 2024, the average one-year price target for Constellation Brands is $297.30/share. The forecasts range from a low of $257.55 to a high of $341.25. The average price target represents an increase of 24.05% from its latest reported closing price of $239.66 / share.
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The projected annual revenue for Constellation Brands is 10,971MM, an increase of 7.66%. The projected annual non-GAAP EPS is 14.34.
What is the Fund Sentiment?
There are 2,123 funds or institutions reporting positions in Constellation Brands. This is an decrease of 38 owner(s) or 1.76% in the last quarter. Average portfolio weight of all funds dedicated to STZ is 0.27%, an increase of 10.89%. Total shares owned by institutions increased in the last three months by 0.50% to 182,686K shares. 
The put/call ratio of STZ is 1.45, indicating a bearish outlook.
What are Other Shareholders Doing?
BlackRock holds 11,115K shares representing 6.12% ownership of the company.
Capital International Investors holds 10,176K shares representing 5.61% ownership of the company. In its prior filing, the firm reported owning 10,970K shares , representing a decrease of 7.81%. The firm decreased its portfolio allocation in STZ by 13.37% over the last quarter.
Capital World Investors holds 9,431K shares representing 5.20% ownership of the company. In its prior filing, the firm reported owning 9,886K shares , representing a decrease of 4.82%. The firm decreased its portfolio allocation in STZ by 9.15% over the last quarter.
AWSHX - WASHINGTON MUTUAL INVESTORS FUND holds 6,412K shares representing 3.53% ownership of the company. In its prior filing, the firm reported owning 6,355K shares , representing an increase of 0.90%. The firm decreased its portfolio allocation in STZ by 8.84% over the last quarter.
ABALX - AMERICAN BALANCED FUND holds 5,373K shares representing 2.96% ownership of the company. In its prior filing, the firm reported owning 5,294K shares , representing an increase of 1.46%. The firm decreased its portfolio allocation in STZ by 5.43% 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.
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