SunTrust Banks reiterated their hold rating on shares of Constellation Brands (NYSE:STZ) in a research note published on Thursday morning, The Fly reports. SunTrust Banks also issued estimates for Constellation Brands’ FY2021 earnings at $10.62 EPS.

Other equities research analysts also recently issued research reports about the company. Macquarie set a $245.00 price target on Constellation Brands and gave the stock a buy rating in a report on Friday, October 5th. Barclays set a $257.00 price target on Constellation Brands and gave the stock a buy rating in a report on Friday, October 5th. Bank of America upped their price target on Constellation Brands from $235.00 to $240.00 and gave the stock a buy rating in a report on Friday, October 5th. Deutsche Bank upped their price target on Constellation Brands from $233.00 to $245.00 and gave the stock a buy rating in a report on Friday, October 5th. Finally, Jefferies Financial Group restated a buy rating and set a $283.00 price target on shares of Constellation Brands in a report on Tuesday, October 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $228.09.

STZ stock opened at $159.21 on Thursday. The company has a current ratio of 1.66, a quick ratio of 0.76 and a debt-to-equity ratio of 0.80. Constellation Brands has a 12-month low of $150.37 and a 12-month high of $236.62. The firm has a market capitalization of $28.60 billion, a P/E ratio of 18.26, a PEG ratio of 1.57 and a beta of 0.38.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Wednesday, January 9th. The company reported $2.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.04 by $0.33. Constellation Brands had a return on equity of 18.27% and a net margin of 35.27%. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the prior year, the business earned $2.00 EPS. Constellation Brands’s revenue was up 9.5% on a year-over-year basis. On average, research analysts expect that Constellation Brands will post 9.25 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 26th. Stockholders of record on Tuesday, February 12th will be paid a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Monday, February 11th. Constellation Brands’s dividend payout ratio (DPR) is 10.67%.

In related news, VP Thomas Michael Kane sold 4,419 shares of the firm’s stock in a transaction that occurred on Friday, October 19th. The stock was sold at an average price of $223.83, for a total value of $989,104.77. Following the completion of the transaction, the vice president now directly owns 8,499 shares of the company’s stock, valued at approximately $1,902,331.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert Sands sold 136,547 shares of the firm’s stock in a transaction that occurred on Friday, October 19th. The shares were sold at an average price of $223.62, for a total value of $30,534,640.14. Following the completion of the transaction, the chief executive officer now directly owns 737,607 shares of the company’s stock, valued at $164,943,677.34. The disclosure for this sale can be found here. Over the last three months, insiders have sold 578,723 shares of company stock valued at $129,438,449. Company insiders own 15.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STZ. Central Bank & Trust Co. increased its holdings in Constellation Brands by 0.4% in the third quarter. Central Bank & Trust Co. now owns 21,961 shares of the company’s stock valued at $4,735,000 after buying an additional 89 shares during the last quarter. BW Gestao de Investimentos Ltda. increased its holdings in Constellation Brands by 1.2% in the third quarter. BW Gestao de Investimentos Ltda. now owns 8,500 shares of the company’s stock valued at $1,833,000 after buying an additional 100 shares during the last quarter. Carroll Financial Associates Inc. increased its holdings in Constellation Brands by 132.0% in the fourth quarter. Carroll Financial Associates Inc. now owns 283 shares of the company’s stock valued at $48,000 after buying an additional 161 shares during the last quarter. Tower View Investment Management & Research LLC increased its holdings in Constellation Brands by 2.5% in the fourth quarter. Tower View Investment Management & Research LLC now owns 8,589 shares of the company’s stock valued at $1,381,000 after buying an additional 208 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in Constellation Brands by 49.3% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 787 shares of the company’s stock valued at $170,000 after buying an additional 260 shares during the last quarter. 72.56% of the stock is owned by hedge funds and other institutional investors.

Constellation Brands Company Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company sells wine across various categories, including table wine, sparkling wine, and dessert wine. It provides beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Obregon Brewery, and Ballast Point brands.

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Analyst Recommendations for Constellation Brands (NYSE:STZ)

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