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Deutsche Bank has lowered its price target for Constellation Brands, Inc. to $193 from $213 while maintaining a hold rating. The company, a major American producer of wines, spirits, and beers, generates 97.9% of its net sales in the United States, with beer accounting for 81.9% of sales.
Berkshire Hathaway's stock has surged, reaching a price-to-sales ratio of 2.67, significantly above its 10-year average. Despite a recent halt in buybacks, the company holds a record $334 billion in cash, following a selling spree in 2024 that included trimming positions in major stocks like Apple and Bank of America. Buffett's strategy focuses on value investing and stock buybacks, having repurchased $77.8 billion worth of shares since 2018, although no buybacks occurred in the latter half of 2024.
Citigroup Inc. reported a quarterly EPS of $1.34, surpassing estimates, with revenue of $19.58 billion, a 12.3% year-over-year increase. The company announced a $20 billion stock repurchase plan and a quarterly dividend of $0.56 per share, reflecting a 3.11% yield. Despite a Moderate Buy rating, top analysts recommend five other stocks over Citigroup.
Citigroup reported a quarterly earnings per share of $1.34, surpassing estimates, with revenue of $19.58 billion, a 12.3% increase year-over-year. The company declared a quarterly dividend of $0.56 and announced a $20 billion stock buyback plan, indicating confidence in its stock value. Insider selling activity included significant transactions by executives, with a total of 103,590 shares sold in the last three months.
Citigroup's chief operating officer sold shares at an average price of $81.10, totaling $2.43 million, reducing their stake by 11.57%. The company reported a quarterly earnings per share of $1.34, exceeding estimates, and announced a $20 billion share buyback plan. Citigroup's current dividend yield stands at 3.11%, with a payout ratio of 37.65%.
Citigroup received a "Moderate Buy" rating from analysts, with a consensus target price of $83.53. Recent insider sales included COO Anand Selvakesari selling 30,000 shares, while Harvest Fund Management increased its stake by 385.8%. The company announced a $20 billion share repurchase program, indicating management's belief in its stock's undervaluation.
Boston Beer, known for its flagship Samuel Adams Boston Lager, has received a "buy" rating from Citigroup, raising its price target to $280, indicating a potential upside of 27.83%. Despite this upgrade, the stock holds an average "Hold" rating among analysts, with a consensus target price of $292.40. Institutional investors own 81.13% of the company, reflecting strong interest in its performance.
Citigroup has downgraded Constellation Brands to a Neutral rating from Buy, adjusting its price target to $200 from $260. The company is a major American producer of wines, spirits, and beers, with net sales primarily derived from beer (81.9%), followed by wines (15.6%) and spirits (2.5%). Notably, 97.9% of its net sales come from the United States.
Warren Buffett has expressed serious concerns about President Trump's tariffs, labeling them an "act of war" that could lead to higher consumer prices and negatively impact corporate earnings. Despite a significant reduction in stock holdings and a cash reserve of £257.54 billion, he reassured investors of his long-term preference for equities over cash. Buffett's cautious stance comes amid a market correction, with the S&P 500 experiencing a drop of over 10% from recent peaks.
Warren Buffett invested $2.6 billion in six stocks for Berkshire Hathaway, focusing on smaller market cap companies amid a challenging investment landscape. The notable purchases include Constellation Brands ($1.3 billion) and Domino's Pizza (estimated $470 million), while Berkshire also increased its Japanese investments. Despite divesting over $143 billion in equities, Buffett emphasizes the importance of owning good businesses over cash-equivalent assets.
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