Constellation Brands, Inc. (STZ) has been in the headlines with varied market sentiments. They recently saw new acquisitions by Grimes & Company Inc. and Janney Montgomery Scott LLC, while Gradient Investments LLC increased their stake. Despite this, AMI Asset Management Corp, Shelby Wealth Management LLC, and Trust Co. of Vermont sold substantial shares. Investor sentiments about the stock were mixed with predictions of it being a top value pick for long-term investment. Yet, STZ faced potential downturn mirrored from Wall Street, partly due to inflation and cancer warnings. They beat Q3 estimates but lowered their FY25 guidance after Q3 results missed predictions, impacting the stock price. STZ added market share in the US amidst overall 'subdued' spending and to some extent, managed to offset some losses. The company announced a $1.01 quarterly dividend, payable in February 2025, and issued a revised date for the Q3 earnings report. But analysts have been trimming down STZ's price target, leading to StockNews.com downgrading it and STZ's shares gapping down. The upcoming Q3 earnings are expected to be crucial and could influence the trajectory of the stock.
Constellation Brands STZ News Analytics from Thu, 03 Oct 2024 07:00:00 GMT to Sat, 25 Jan 2025 13:39:16 GMT -
Rating 2
- Innovation 0
- Rumor -5
