Constellation Brands, Inc. (NYSE:STZ) Given Average Rating of “Moderate Buy” by Analysts

Shares of Constellation Brands, Inc. (NYSE:STZ) have been given a consensus recommendation of “Moderate Buy” by the twenty-two brokerages that are presently covering the firm, Marketbeat.com reports. Eleven equities research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $250.41.

STZ has been the subject of a number of research reports. UBS Group lowered their price target on shares of Constellation Brands from $265.00 to $223.00 and set a “buy” rating for the company in a report on Friday, January 17th. Morgan Stanley cut shares of Constellation Brands from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $220.00 to $202.00 in a research report on Thursday, February 27th. Piper Sandler cut shares of Constellation Brands from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $245.00 to $200.00 in a research report on Monday, February 3rd. Evercore ISI dropped their price objective on shares of Constellation Brands from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $201.00 price objective (down previously from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th.

Insider Activity

In related news, Director William T. Giles bought 1,000 shares of Constellation Brands stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average cost of $186.39 per share, with a total value of $186,390.00. Following the purchase, the director now owns 1,463 shares in the company, valued at approximately $272,688.57. This trade represents a 215.98 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 12.19% of the stock is owned by company insiders.

Hedge Funds Weigh In On Constellation Brands

A number of large investors have recently modified their holdings of the business. Mainstream Capital Management LLC bought a new position in Constellation Brands in the 4th quarter valued at about $25,000. SBI Securities Co. Ltd. acquired a new stake in Constellation Brands in the fourth quarter valued at approximately $26,000. Compagnie Lombard Odier SCmA bought a new position in shares of Constellation Brands during the fourth quarter valued at $27,000. Union Bancaire Privee UBP SA bought a new position in shares of Constellation Brands during the fourth quarter valued at $28,000. Finally, Minot DeBlois Advisors LLC bought a new position in Constellation Brands during the fourth quarter worth $29,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Constellation Brands Trading Down 0.6 %

STZ stock opened at $177.73 on Monday. The business has a fifty day moving average price of $177.32 and a 200 day moving average price of $216.87. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. Constellation Brands has a fifty-two week low of $160.46 and a fifty-two week high of $274.87. The stock has a market capitalization of $32.12 billion, a price-to-earnings ratio of 47.78, a P/E/G ratio of 1.52 and a beta of 0.90.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Friday, January 10th. The company reported $3.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.19 earnings per share. Analysts expect that Constellation Brands will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 2.27%. The ex-dividend date was Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is 108.60%.

Constellation Brands Company Profile

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.