Constellation Brands Inc (NYSE:STZ) Receives $167.53 Consensus Target Price from Brokerages

Shares of Constellation Brands Inc (NYSE:STZ) have been assigned a consensus recommendation of “Hold” from the twenty-two analysts that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $167.5263.

STZ has been the subject of several research analyst reports. Piper Sandler reaffirmed a “neutral” rating and set a $160.00 price target on shares of Constellation Brands in a research note on Wednesday, July 1st. Sanford C. Bernstein restated an “outperform” rating on shares of Constellation Brands in a report on Wednesday, July 1st. Jefferies Financial Group set a $147.00 target price on Constellation Brands in a research report on Thursday, July 2nd. Evercore set a $175.00 target price on Constellation Brands and gave the stock an “outperform” rating in a report on Friday, April 10th. Finally, Barclays dropped their price target on Constellation Brands from $139.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 21st.

Insider Transactions at Constellation Brands

In other Constellation Brands news, EVP James O. Bourdeau sold 4,407 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $143.24, for a total transaction of $631,258.68. Following the transaction, the executive vice president directly owned 9,109 shares in the company, valued at $1,304,773.16. This represents a 32.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 12.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Constellation Brands

Several hedge funds have recently modified their holdings of STZ. Tema ETFs LLC boosted its position in Constellation Brands by 5.5% during the 2nd quarter. Tema ETFs LLC now owns 2,786 shares of the company’s stock valued at $388,000 after acquiring an additional 145 shares in the last quarter. Valeo Financial Advisors LLC increased its holdings in shares of Constellation Brands by 9.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 4,842 shares of the company’s stock valued at $673,000 after acquiring an additional 436 shares during the period. Czech National Bank raised its position in shares of Constellation Brands by 3.8% in the 2nd quarter. Czech National Bank now owns 39,696 shares of the company’s stock worth $5,521,000 after acquiring an additional 1,447 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Constellation Brands by 197.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 338,172 shares of the company’s stock worth $47,036,000 after acquiring an additional 224,578 shares in the last quarter. Finally, GK Wealth Management LLC purchased a new stake in shares of Constellation Brands during the 2nd quarter worth $274,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Trading Down 0.1%

STZ stock opened at $130.30 on Thursday. The company has a market capitalization of $22.25 billion, a PE ratio of 12.43, a P/E/G ratio of 4.05 and a beta of 0.39. Constellation Brands has a 12 month low of $126.45 and a 12 month high of $174.32. The firm’s 50-day moving average is $137.64 and its 200 day moving average is $148.75. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.91 and a quick ratio of 0.48.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Tuesday, June 30th. The company reported $3.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.70 by ($0.27). The company had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Constellation Brands had a net margin of 18.87% and a return on equity of 25.58%. Constellation Brands’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period last year, the firm earned $3.22 earnings per share. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. On average, research analysts anticipate that Constellation Brands will post 11.84 EPS for the current year.

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Thursday, July 30th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $4.12 dividend on an annualized basis and a yield of 3.2%. Constellation Brands’s dividend payout ratio is 39.31%.

About Constellation Brands

Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on‑premise and foodservice channels and supports its brands with national sales and marketing platforms and supply‑chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.