Constellation Brands Inc (NYSE:STZ) Receives $176.30 Consensus PT from Brokerages

Shares of Constellation Brands Inc (NYSE:STZ) have been assigned an average rating of “Moderate Buy” from the twenty-two analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $175.3684.

Several research firms have commented on STZ. Roth Mkm reissued a “buy” rating on shares of Constellation Brands in a research report on Thursday, April 9th. UBS Group upped their price objective on shares of Constellation Brands from $176.00 to $186.00 and gave the stock a “buy” rating in a research report on Friday, April 10th. Citigroup reiterated a “buy” rating on shares of Constellation Brands in a research report on Monday. JPMorgan Chase & Co. boosted their price objective on shares of Constellation Brands from $155.00 to $163.00 and gave the stock a “neutral” rating in a report on Wednesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Constellation Brands from $154.00 to $155.00 and gave the company a “hold” rating in a report on Friday, April 10th.

Constellation Brands Trading Down 0.9%

STZ opened at $149.50 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.08 and a quick ratio of 0.55. Constellation Brands has a fifty-two week low of $126.45 and a fifty-two week high of $186.40. The firm has a market capitalization of $25.74 billion, a PE ratio of 15.59, a P/E/G ratio of 3.31 and a beta of 0.43. The company’s 50-day moving average is $152.73 and its 200 day moving average is $148.61.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Wednesday, April 8th. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.19. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.84 billion. Constellation Brands had a return on equity of 26.18% and a net margin of 17.29%.The company’s quarterly revenue was down 11.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.63 EPS. As a group, research analysts predict that Constellation Brands will post 11.9 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Wednesday, April 29th were given a $1.03 dividend. The ex-dividend date was Wednesday, April 29th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.8%. This is an increase from Constellation Brands’s previous quarterly dividend of $1.02. Constellation Brands’s dividend payout ratio is 42.96%.

Insider Activity

In related news, EVP James O. Bourdeau sold 4,407 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $143.24, for a total transaction of $631,258.68. Following the completion of the transaction, the executive vice president owned 9,109 shares in the company, valued at $1,304,773.16. This represents a 32.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 12.45% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Choreo LLC increased its position in shares of Constellation Brands by 2.1% during the fourth quarter. Choreo LLC now owns 3,116 shares of the company’s stock valued at $437,000 after buying an additional 63 shares during the period. HM Payson & Co. boosted its position in Constellation Brands by 10.0% during the 4th quarter. HM Payson & Co. now owns 701 shares of the company’s stock valued at $97,000 after acquiring an additional 64 shares in the last quarter. Clearstead Trust LLC boosted its position in Constellation Brands by 14.2% during the 4th quarter. Clearstead Trust LLC now owns 548 shares of the company’s stock valued at $76,000 after acquiring an additional 68 shares in the last quarter. Johnson Financial Group Inc. grew its holdings in shares of Constellation Brands by 24.9% during the 4th quarter. Johnson Financial Group Inc. now owns 346 shares of the company’s stock worth $48,000 after acquiring an additional 69 shares during the period. Finally, HB Wealth Management LLC raised its position in shares of Constellation Brands by 0.7% in the 1st quarter. HB Wealth Management LLC now owns 10,795 shares of the company’s stock worth $1,619,000 after acquiring an additional 72 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors.

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.