Constellation Brands (NYSE:STZ) Price Target Raised to $295.00

Constellation Brands (NYSE:STZ) had its price objective hoisted by Barclays from $294.00 to $295.00 in a report published on Monday, Benzinga reports. They currently have an overweight rating on the stock.

Several other research analysts have also weighed in on the stock. TheStreet lowered shares of Constellation Brands from a b rating to a c+ rating in a research note on Friday, January 5th. Evercore ISI boosted their target price on shares of Constellation Brands from $300.00 to $310.00 and gave the stock an outperform rating in a research report on Friday, April 12th. BMO Capital Markets boosted their target price on shares of Constellation Brands from $290.00 to $315.00 and gave the stock an outperform rating in a research report on Friday, April 12th. HSBC boosted their target price on shares of Constellation Brands from $290.00 to $300.00 and gave the stock a buy rating in a research report on Friday, April 12th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Constellation Brands from $309.00 to $301.00 and set an overweight rating for the company in a research report on Thursday, December 21st. Three investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $298.55.

Constellation Brands Stock Down 0.2 %

STZ stock opened at $257.31 on Monday. Constellation Brands has a 52-week low of $221.81 and a 52-week high of $274.87. The company’s 50 day simple moving average is $257.51 and its 200-day simple moving average is $247.13. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.19 and a quick ratio of 0.53. The firm has a market capitalization of $47.04 billion, a P/E ratio of 27.43, a P/E/G ratio of 1.75 and a beta of 0.97.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Thursday, April 11th. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.16. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.09 billion. Constellation Brands had a net margin of 16.13% and a return on equity of 23.06%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.98 EPS. As a group, equities research analysts anticipate that Constellation Brands will post 13.5 EPS for the current year.

Constellation Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be issued a dividend of $1.01 per share. This is an increase from Constellation Brands’s previous quarterly dividend of $0.89. This represents a $4.04 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Thursday, May 2nd. Constellation Brands’s dividend payout ratio is currently 37.95%.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, EVP James A. Jr. Sabia sold 15,781 shares of the stock in a transaction on Friday, April 12th. The shares were sold at an average price of $263.63, for a total value of $4,160,345.03. Following the completion of the sale, the executive vice president now directly owns 20,910 shares of the company’s stock, valued at approximately $5,512,503.30. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 16.19% of the company’s stock.

Institutional Trading of Constellation Brands

A number of hedge funds have recently bought and sold shares of STZ. Indiana Trust & Investment Management CO bought a new stake in Constellation Brands in the 3rd quarter valued at $25,000. Impact Partnership Wealth LLC raised its stake in shares of Constellation Brands by 1,175.0% in the 3rd quarter. Impact Partnership Wealth LLC now owns 102 shares of the company’s stock valued at $26,000 after buying an additional 94 shares in the last quarter. BKM Wealth Management LLC acquired a new position in shares of Constellation Brands in the 4th quarter valued at $28,000. Asset Dedication LLC raised its stake in shares of Constellation Brands by 3,833.3% in the 3rd quarter. Asset Dedication LLC now owns 118 shares of the company’s stock valued at $30,000 after buying an additional 115 shares in the last quarter. Finally, Resurgent Financial Advisors LLC acquired a new position in shares of Constellation Brands in the 4th quarter valued at $34,000. 77.34% of the stock is owned by institutional investors.

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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.