BNP Paribas Exane Cuts Constellation Brands (NYSE:STZ) Price Target to $110.00

Constellation Brands (NYSE:STZ) had its price objective cut by BNP Paribas Exane from $115.00 to $110.00 in a report released on Monday. They currently have an underperform rating on the stock.

A number of other analysts have also weighed in on STZ. Evercore set a $160.00 price objective on Constellation Brands in a research note on Monday. Roth Capital reaffirmed a “buy” rating and set a $209.00 price objective on shares of Constellation Brands in a research report on Thursday, July 2nd. Citigroup reduced their price target on Constellation Brands from $185.00 to $165.00 and set a “buy” rating on the stock in a research note on Tuesday. Sanford C. Bernstein reissued an “outperform” rating and set a $197.00 price target (down from $305.00) on shares of Constellation Brands in a research report on Wednesday, July 1st. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $160.00 target price on shares of Constellation Brands in a research note on Wednesday, July 1st. Twelve investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $161.67.

Constellation Brands Trading Down 0.3%

NYSE STZ traded down $0.38 on Monday, reaching $116.19. The company had a trading volume of 52,166 shares, compared to its average volume of 2,229,754. Constellation Brands has a fifty-two week low of $115.50 and a fifty-two week high of $168.60. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.91 and a quick ratio of 0.48. The firm has a market cap of $19.84 billion, a price-to-earnings ratio of 11.07, a P/E/G ratio of 2.33 and a beta of 0.41. The business has a 50 day moving average of $129.60 and a two-hundred day moving average of $140.95.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results 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). Constellation Brands had a return on equity of 25.58% and a net margin of 18.87%.The company had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter in the previous year, the business earned $3.22 EPS. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Analysts forecast that Constellation Brands will post 11.84 EPS for the current year.

Constellation Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, July 30th were given a dividend of $1.03 per share. The ex-dividend date was Thursday, July 30th. This represents a $4.12 annualized dividend and a dividend yield of 3.5%. Constellation Brands’s dividend payout ratio (DPR) is currently 39.31%.

Institutional Trading of Constellation Brands

A number of institutional investors have recently bought and sold shares of the stock. HB Wealth Management LLC boosted its holdings in Constellation Brands by 0.7% in the first quarter. HB Wealth Management LLC now owns 10,795 shares of the company’s stock worth $1,619,000 after purchasing an additional 72 shares in the last quarter. Chicago Partners Investment Group LLC grew its stake in Constellation Brands by 4.3% during the first quarter. Chicago Partners Investment Group LLC now owns 1,888 shares of the company’s stock worth $296,000 after buying an additional 77 shares during the last quarter. Rexford Capital Inc. increased its position in Constellation Brands by 4.0% in the 1st quarter. Rexford Capital Inc. now owns 2,072 shares of the company’s stock valued at $311,000 after acquiring an additional 79 shares in the last quarter. Keybank National Association OH lifted its stake in shares of Constellation Brands by 4.0% during the first quarter. Keybank National Association OH now owns 2,338 shares of the company’s stock valued at $351,000 after acquiring an additional 90 shares during the period. Finally, Banque Cantonale Vaudoise grew its holdings in Constellation Brands by 3.6% during the 1st quarter. Banque Cantonale Vaudoise now owns 2,643 shares of the company’s stock worth $397,000 after acquiring an additional 93 shares during the period. 77.34% of the stock is currently owned by institutional investors.

About Constellation Brands

Constellation Brands, Inc (NYSE: STZ) is a beverage alcohol company that produces, markets and distributes beer, wine and spirits. Its portfolio includes well-known beer brands such as Corona Extra, Modelo Especial, Modelo Negra, Pacifico and Victoria, along with wine brands including Robert Mondavi, The Prisoner, Kim Crawford and Meiomi. Its spirits portfolio includes brands such as Casa Noble tequila and High West whiskey.

The company’s beer business is focused primarily on the United States, where Constellation markets and sells Mexican beer brands brewed by its production operations in Mexico.