Analysts Set Constellation Brands, Inc. (NYSE:STZ) Price Target at $290.47

Constellation Brands, Inc. (NYSE:STZ) 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.

Insider Activity at Constellation Brands

In related news, Director Robert Sands sold 119,274 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $242.37, for a total value of $28,908,439.38. Following the sale, the director now owns 431,729 shares of the company’s stock, valued at $104,638,157.73. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Constellation Brands news, EVP Samuel J. Glaetzer sold 1,510 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $245.57, for a total transaction of $370,810.70. Following the sale, the executive vice president now directly owns 4,970 shares of the company’s stock, valued at approximately $1,220,482.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Sands sold 119,274 shares of the company’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $242.37, for a total transaction of $28,908,439.38. Following the sale, the director now directly owns 431,729 shares in the company, valued at $104,638,157.73. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 136,221 shares of company stock valued at $33,007,175 over the last quarter. 12.19% of the stock is owned by company insiders.

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) 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.