Constellation Brands (NYSE:STZ) Stock Price Up 2.6%

Constellation Brands, Inc. (NYSE:STZ)’s stock price shot up 2.6% during trading on Tuesday . The stock traded as high as $246.91 and last traded at $246.91. 455,784 shares were traded during mid-day trading, a decline of 61% from the average session volume of 1,168,461 shares. The stock had previously closed at $240.71.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Jefferies Financial Group boosted their price target on Constellation Brands from $310.00 to $311.00 and gave the company a “buy” rating in a report on Friday, July 5th. Truist Financial reissued a “hold” rating and issued a $265.00 target price on shares of Constellation Brands in a report on Wednesday, July 3rd. JPMorgan Chase & Co. decreased their target price on shares of Constellation Brands from $320.00 to $307.00 and set an “overweight” rating on the stock in a research note on Tuesday. Roth Mkm dropped their price target on shares of Constellation Brands from $303.00 to $298.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Morgan Stanley decreased their price objective on shares of Constellation Brands from $305.00 to $280.00 and set an “overweight” rating on the stock in a research report on Monday, August 26th. Three research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, Constellation Brands currently has an average rating of “Moderate Buy” and an average price target of $298.26.

Constellation Brands Stock Up 0.7 %

The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $45.43 billion, a P/E ratio of 18.50, a PEG ratio of 1.59 and a beta of 1.75. The company has a fifty day moving average price of $246.66 and a 200-day moving average price of $253.65.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Wednesday, July 3rd. The company reported $3.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.46 by $0.11. The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.67 billion. Constellation Brands had a return on equity of 23.72% and a net margin of 22.70%. The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.91 EPS. As a group, research analysts forecast that Constellation Brands, Inc. will post 13.54 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Wednesday, August 14th were issued a $1.01 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.63%. Constellation Brands’s dividend payout ratio (DPR) is presently 30.10%.

Insider Activity at Constellation Brands

In related news, EVP Kaneenat Kristann Carey sold 977 shares of Constellation Brands stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $261.00, for a total value of $254,997.00. Following the completion of the transaction, the executive vice president now owns 2,706 shares in the company, valued at $706,266. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Kaneenat Kristann Carey sold 977 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $261.00, for a total value of $254,997.00. Following the completion of the sale, the executive vice president now directly owns 2,706 shares in the company, valued at $706,266. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Garth Hankinson sold 13,583 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $240.00, for a total transaction of $3,259,920.00. Following the transaction, the chief financial officer now owns 11,702 shares in the company, valued at approximately $2,808,480. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,414 shares of company stock valued at $3,982,922. Insiders own 12.19% of the company’s stock.

Institutional Trading of Constellation Brands

Several institutional investors have recently added to or reduced their stakes in STZ. Orion Portfolio Solutions LLC lifted its stake in shares of Constellation Brands by 1.1% during the 1st quarter. Orion Portfolio Solutions LLC now owns 3,676 shares of the company’s stock worth $999,000 after acquiring an additional 39 shares during the last quarter. Capital Advisors Ltd. LLC boosted its stake in shares of Constellation Brands by 16.5% during the first quarter. Capital Advisors Ltd. LLC now owns 290 shares of the company’s stock valued at $79,000 after purchasing an additional 41 shares during the period. 1620 Investment Advisors Inc. grew its holdings in shares of Constellation Brands by 1.8% in the fourth quarter. 1620 Investment Advisors Inc. now owns 2,352 shares of the company’s stock worth $569,000 after purchasing an additional 42 shares during the last quarter. Smithfield Trust Co increased its stake in Constellation Brands by 5.3% in the 4th quarter. Smithfield Trust Co now owns 854 shares of the company’s stock worth $207,000 after buying an additional 43 shares during the period. Finally, Copperwynd Financial LLC lifted its holdings in Constellation Brands by 1.6% during the 4th quarter. Copperwynd Financial LLC now owns 2,779 shares of the company’s stock valued at $672,000 after buying an additional 43 shares in the last quarter. Institutional investors own 77.34% of the company’s stock.

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.