Constellation Brands, Inc. (NYSE:STZ – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the seventeen analysts that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $290.47.
A number of analysts have recently commented on the stock. Bank of America reissued a “neutral” rating and set a $255.00 target price (down previously from $300.00) on shares of Constellation Brands in a research note on Monday, October 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $308.00 target price on shares of Constellation Brands in a research note on Friday, October 4th. Barclays lowered their price objective on Constellation Brands from $309.00 to $300.00 and set an “overweight” rating for the company in a research report on Monday, October 7th. Jefferies Financial Group lifted their price target on shares of Constellation Brands from $310.00 to $311.00 and gave the company a “buy” rating in a research report on Friday, July 5th. Finally, Truist Financial decreased their target price on Constellation Brands from $265.00 to $255.00 and set a “hold” rating on the stock in a research note on Friday, October 4th.
Check Out Our Latest Analysis on Constellation Brands
Insider Transactions at Constellation Brands
Institutional Trading of Constellation Brands
Several hedge funds have recently made changes to their positions in the stock. SageView Advisory Group LLC raised its stake in Constellation Brands by 7.8% during the 4th quarter. SageView Advisory Group LLC now owns 949 shares of the company’s stock valued at $236,000 after acquiring an additional 69 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Constellation Brands during the 4th quarter valued at $958,000. Kapitalo Investimentos Ltda bought a new stake in Constellation Brands during the 4th quarter valued at $35,000. Mather Group LLC. bought a new stake in Constellation Brands during the 1st quarter valued at $178,000. Finally, Banque Cantonale Vaudoise bought a new stake in Constellation Brands during the 1st quarter valued at $734,000. Institutional investors own 77.34% of the company’s stock.
Constellation Brands Price Performance
Shares of STZ stock opened at $240.04 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.53 and a current ratio of 1.25. Constellation Brands has a fifty-two week low of $227.64 and a fifty-two week high of $274.87. The firm has a market capitalization of $43.92 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 1.70 and a beta of 1.75. The stock’s 50-day simple moving average is $246.51 and its 200-day simple moving average is $251.75.
Constellation Brands (NYSE:STZ – Get Free Report) last released its quarterly earnings data on Thursday, October 3rd. The company reported $4.32 EPS for the quarter, beating the consensus estimate of $4.08 by $0.24. The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.95 billion. Constellation Brands had a net margin of 5.29% and a return on equity of 25.34%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $3.70 EPS. As a group, equities analysts forecast that Constellation Brands will post 13.57 earnings per share for the current fiscal year.
Constellation Brands Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Tuesday, November 5th will be given a dividend of $1.01 per share. The ex-dividend date is Tuesday, November 5th. This represents a $4.04 annualized dividend and a yield of 1.68%. Constellation Brands’s dividend payout ratio (DPR) is presently 30.10%.
About Constellation Brands
Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.
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