Constellation Brands, Inc. (NYSE:STZ) Receives $240.65 Consensus Price Target from Analysts

Constellation Brands, Inc. (NYSE:STZ) has been given a consensus recommendation of “Moderate Buy” by the twenty analysts that are presently covering the firm, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $224.42.

Several research analysts have weighed in on the stock. Argus lowered shares of Constellation Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Citigroup lowered their target price on Constellation Brands from $200.00 to $190.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $215.00 price target on shares of Constellation Brands in a research note on Thursday, April 10th. Barclays lifted their price objective on shares of Constellation Brands from $203.00 to $207.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Roth Mkm lowered their price objective on Constellation Brands from $284.00 to $256.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd.

Insider Buying and Selling

In related news, Director William T. Giles purchased 1,000 shares of the business’s stock in a transaction on Friday, January 17th. The shares were purchased at an average price of $186.39 per share, with a total value of $186,390.00. Following the completion of the purchase, the director now owns 1,463 shares in the company, valued at $272,688.57. This represents a 215.98 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 12.19% of the stock is owned by company insiders.

Institutional Investors Weigh In On Constellation Brands

Several institutional investors have recently added to or reduced their stakes in the stock. EP Wealth Advisors LLC bought a new stake in Constellation Brands in the 3rd quarter valued at approximately $207,000. Continuum Advisory LLC boosted its holdings in Constellation Brands by 68.0% during the third quarter. Continuum Advisory LLC now owns 252 shares of the company’s stock worth $61,000 after purchasing an additional 102 shares during the last quarter. Neo Ivy Capital Management grew its position in Constellation Brands by 19.1% in the third quarter. Neo Ivy Capital Management now owns 3,722 shares of the company’s stock valued at $960,000 after purchasing an additional 598 shares in the last quarter. TD Private Client Wealth LLC increased its stake in Constellation Brands by 29.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 6,385 shares of the company’s stock valued at $1,645,000 after buying an additional 1,439 shares during the last quarter. Finally, Rehmann Capital Advisory Group bought a new stake in Constellation Brands during the 3rd quarter worth about $928,000. 77.34% of the stock is owned by institutional investors.

Constellation Brands Trading Down 1.8 %

Constellation Brands stock opened at $183.81 on Friday. Constellation Brands has a 52 week low of $160.46 and a 52 week high of $265.70. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. The firm has a market capitalization of $33.22 billion, a price-to-earnings ratio of 49.41, a P/E/G ratio of 1.52 and a beta of 1.75. The company has a 50 day moving average price of $177.41 and a 200 day moving average price of $208.04.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.28 by $0.35. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period in the previous year, the firm earned $2.26 earnings per share. Constellation Brands’s quarterly revenue was up 1.2% on a year-over-year basis. Research analysts forecast that Constellation Brands will post 13.5 EPS for the current year.

Constellation Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Tuesday, April 29th. This is a boost from Constellation Brands’s previous quarterly dividend of $1.01. Constellation Brands’s payout ratio is -800.00%.

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.