Giles William T, a director at Constellation Brands, Inc. (NYSE:STZ), recently acquired a significant number of shares in the company. According to a recent filing, Mr. Giles purchased 1,000 shares of Class A Common Stock on January 17, 2025. The timing is notable as InvestingPro data shows the stock trading near its 52-week low of $176.51, with shares down over 24% in the past six months. The shares were bought at a price of $186.39 each, resulting in a total transaction value of $186,390. Following this transaction, Mr. Giles holds a total of 1,463 shares in the company. This move indicates a notable investment by a member of the company's board in the $33.3 billion market cap beverage giant. According to InvestingPro analysis, the stock appears undervalued despite trading at a high P/E ratio of 48.7x. The company maintains a strong dividend program, having raised payouts for 10 consecutive years, with a current yield of 2.19%. For deeper insights into Constellation Brands' valuation and growth prospects, including 8 additional ProTips and comprehensive financial analysis, visit InvestingPro.
In other recent news, Constellation Brands has seen a series of analyst revisions following its latest earnings report. The company reported a 3.2% growth in Q3 depletions and beer net sales of $2,032 million. Piper Sandler maintained an Overweight rating on the company's stock, emphasizing the potential for long-term market share gains through the expansion of its Modelo and Pacifico beer brands. Bernstein SocGen Group also maintained an Outperform rating, despite expressing concerns over potential tariffs on the alcohol sector.
RBC Capital Markets reduced its price target for Constellation Brands to $293, citing a challenging quarter for the company. Meanwhile, Truist Securities lowered its stock target by 25% to $190, maintaining a Hold rating due to a more conservative outlook for the company's future financial performance. TD Cowen also maintained a Hold rating on the company's stock, citing factors such as a prolonged trend of value-seeking behavior among consumers and intensified price competition in the light beer segment.
These are the latest developments for Constellation Brands, which remains a leading company in the sector with potential for continued market share growth in the domestic beer market. These analyst notes provide investors with a range of perspectives on the company's current status and future prospects.
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