UBS Group Reiterates $195.00 Price Target for Constellation Brands (NYSE:STZ)

UBS Group set a $195.00 price target on Constellation Brands (NYSE:STZ) in a research note released on Wednesday, Marketbeat Ratings reports. The firm currently has a buy rating on the stock.

Several other analysts have also commented on the stock. The Goldman Sachs Group dropped their price target on shares of Constellation Brands from $260.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Roth Mkm decreased their price objective on shares of Constellation Brands from $284.00 to $256.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. JPMorgan Chase & Co. decreased their price objective on shares of Constellation Brands from $203.00 to $194.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Bank of America decreased their price objective on shares of Constellation Brands from $195.00 to $180.00 and set a “neutral” rating on the stock in a report on Wednesday, June 18th. Finally, Barclays increased their price objective on shares of Constellation Brands from $203.00 to $207.00 and gave the company an “overweight” rating in a report on Monday, April 14th. Eleven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $211.91.

Constellation Brands Stock Up 0.0%

STZ stock opened at $161.34 on Wednesday. The firm has a market cap of $28.72 billion, a PE ratio of -316.35, a P/E/G ratio of 8.92 and a beta of 0.70. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.56 and a current ratio of 0.92. The firm’s fifty day moving average is $178.84 and its 200 day moving average is $185.96. Constellation Brands has a one year low of $159.35 and a one year high of $264.45.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, beating the consensus estimate of $2.28 by $0.35. The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.14 billion. Constellation Brands had a negative net margin of 0.74% and a positive return on equity of 29.56%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business earned $2.26 earnings per share. On average, research analysts forecast that Constellation Brands will post 13.5 EPS for the current year.

Constellation Brands Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th were paid a $1.02 dividend. This is an increase from Constellation Brands’s previous quarterly dividend of $1.01. This represents a $4.08 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend was Tuesday, April 29th. Constellation Brands’s dividend payout ratio (DPR) is currently -800.00%.

Insider Transactions at Constellation Brands

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 3,150 shares of Constellation Brands stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $188.54, for a total transaction of $593,901.00. Following the transaction, the executive vice president now directly owns 3,126 shares of the company’s stock, valued at $589,376.04. The trade was a 50.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 12.45% of the company’s stock.

Hedge Funds Weigh In On Constellation Brands

Institutional investors have recently bought and sold shares of the company. Mainstream Capital Management LLC purchased a new position in Constellation Brands during the fourth quarter worth about $25,000. SBI Securities Co. Ltd. purchased a new position in Constellation Brands during the fourth quarter worth about $26,000. Union Bancaire Privee UBP SA purchased a new position in Constellation Brands during the fourth quarter worth about $28,000. Minot DeBlois Advisors LLC purchased a new position in Constellation Brands during the fourth quarter worth about $29,000. Finally, Optiver Holding B.V. purchased a new position in Constellation Brands during the fourth quarter worth about $31,000. 77.34% of the stock is owned by hedge funds and other institutional investors.

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.