Constellation Brands, Inc. (NYSE:STZ – Get Free Report) has earned an average recommendation of “Moderate Buy” from the seventeen brokerages that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $290.47.
A number of equities research analysts recently issued reports on STZ shares. Evercore ISI decreased their price objective on shares of Constellation Brands from $310.00 to $300.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Roth Mkm reissued a “buy” rating and set a $298.00 target price on shares of Constellation Brands in a research report on Friday, October 4th. Jefferies Financial Group boosted their target price on shares of Constellation Brands from $310.00 to $311.00 and gave the stock a “buy” rating in a research report on Friday, July 5th. Royal Bank of Canada reissued an “outperform” rating and set a $308.00 target price on shares of Constellation Brands in a research report on Friday, October 4th. Finally, 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 report on Monday, October 7th.
Read Our Latest Report on Constellation Brands
Insider Activity at Constellation Brands
Institutional Trading of Constellation Brands
Several large investors have recently added to or reduced their stakes in the company. Manning & Napier Advisors LLC bought a new stake in shares of Constellation Brands during the second quarter valued at approximately $119,394,000. Vanguard Group Inc. grew its stake in shares of Constellation Brands by 3.5% during the first quarter. Vanguard Group Inc. now owns 13,705,793 shares of the company’s stock valued at $3,724,686,000 after purchasing an additional 462,891 shares during the last quarter. Howland Capital Management LLC grew its stake in shares of Constellation Brands by 3.0% during the first quarter. Howland Capital Management LLC now owns 141,314 shares of the company’s stock valued at $38,403,000 after purchasing an additional 4,051 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Constellation Brands during the fourth quarter valued at approximately $958,000. Finally, Capital International Sarl grew its stake in shares of Constellation Brands by 35.9% during the first quarter. Capital International Sarl now owns 10,462 shares of the company’s stock valued at $2,843,000 after purchasing an additional 2,764 shares during the last quarter. 77.34% of the stock is owned by institutional investors.
Constellation Brands Trading Up 0.6 %
Shares of NYSE:STZ opened at $241.52 on Friday. The stock has a market capitalization of $44.19 billion, a PE ratio of 18.00, a P/E/G ratio of 1.70 and a beta of 1.75. Constellation Brands has a 1 year low of $227.64 and a 1 year high of $274.87. The firm has a fifty day moving average price of $246.51 and a 200 day moving average price of $251.36. The company has a current ratio of 1.25, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31.
Constellation Brands (NYSE:STZ – Get Free Report) last issued its quarterly earnings data on Thursday, October 3rd. The company reported $4.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.08 by $0.24. The firm had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.95 billion. Constellation Brands had a net margin of 5.29% and a return on equity of 25.34%. Constellation Brands’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $3.70 earnings per share. Analysts expect that Constellation Brands will post 13.57 EPS 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 paid a $1.01 dividend. The ex-dividend date is Tuesday, November 5th. This represents a $4.04 dividend on an annualized basis and a yield of 1.67%. Constellation Brands’s payout ratio is currently 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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