Brokerages Set Constellation Brands, Inc. (NYSE:STZ) PT at $254.29

Constellation Brands, Inc. (NYSE:STZ) has been given a consensus recommendation of “Moderate Buy” by the twenty-one analysts that are covering the stock, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $254.29.

A number of analysts have recently weighed in on STZ shares. TD Cowen cut their target price on Constellation Brands from $270.00 to $260.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Roth Capital dropped their price objective on Constellation Brands from $298.00 to $284.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Jefferies Financial Group restated a “hold” rating and set a $201.00 price objective (down from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th. Needham & Company LLC restated a “buy” rating and set a $240.00 price objective on shares of Constellation Brands in a research report on Monday, January 27th. Finally, Barclays dropped their price objective on Constellation Brands from $282.00 to $214.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th.

Insider Activity

In related news, Director William T. Giles purchased 1,000 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was bought 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 approximately $272,688.57. This represents a 215.98 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 12.19% of the company’s stock.

Institutional Investors Weigh In On Constellation Brands

Institutional investors and hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. grew its stake in Constellation Brands by 181.3% during the third quarter. Blue Trust Inc. now owns 1,021 shares of the company’s stock worth $263,000 after purchasing an additional 658 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Constellation Brands by 17.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 12,361 shares of the company’s stock worth $3,185,000 after purchasing an additional 1,833 shares during the period. Whittier Trust Co. of Nevada Inc. grew its stake in Constellation Brands by 7.7% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,097 shares of the company’s stock worth $283,000 after purchasing an additional 78 shares during the period. Oakworth Capital Inc. grew its stake in Constellation Brands by 4.4% during the third quarter. Oakworth Capital Inc. now owns 989 shares of the company’s stock worth $255,000 after purchasing an additional 42 shares during the period. Finally, Sequoia Financial Advisors LLC grew its stake in Constellation Brands by 13.1% during the third quarter. Sequoia Financial Advisors LLC now owns 4,961 shares of the company’s stock worth $1,278,000 after purchasing an additional 573 shares during the period. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Stock Performance

NYSE:STZ opened at $178.22 on Thursday. The stock has a fifty day moving average price of $191.11 and a 200-day moving average price of $224.51. The company has a market cap of $32.21 billion, a price-to-earnings ratio of 47.91, a PEG ratio of 1.52 and a beta of 1.75. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. Constellation Brands has a fifty-two week low of $160.46 and a fifty-two week high of $274.87.

Constellation Brands (NYSE:STZ) last released its earnings results on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). The company had revenue of $2.46 billion for 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 revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.19 earnings per share. As a group, equities analysts anticipate that Constellation Brands will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

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