Other research analysts have also issued reports about the company. Deutsche Bank cut their target price on Constellation Brands from $234.00 to $226.00 and set a buy rating for the company in a research note on Thursday, August 16th. Cann lowered their price target on Constellation Brands from $234.00 to $226.00 and set a buy rating on the stock in a research report on Thursday, August 16th. Jefferies Financial Group assumed coverage on Constellation Brands in a report on Friday, September 7th. They issued a buy rating and a $283.00 price target on the stock. Zacks Investment Research raised Constellation Brands from a sell rating to a hold rating in a research note on Thursday, September 20th. Finally, Susquehanna Bancshares lowered Constellation Brands from a neutral rating to a negative rating and cut their target price for the company from $199.00 to $169.00 in a research note on Monday, August 20th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Constellation Brands presently has an average rating of Buy and an average target price of $246.53.
STZ opened at $225.69 on Friday. Constellation Brands has a twelve month low of $198.85 and a twelve month high of $236.62. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.81 and a quick ratio of 0.77. The company has a market capitalization of $41.23 billion, a P/E ratio of 25.88, a P/E/G ratio of 2.13 and a beta of 0.01.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Tuesday, November 6th will be issued a dividend of $0.74 per share. The ex-dividend date is Monday, November 5th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.31%. Constellation Brands’s payout ratio is presently 10.67%.
Several large investors have recently bought and sold shares of the stock. Neuberger Berman Group LLC grew its stake in Constellation Brands by 1.7% in the first quarter. Neuberger Berman Group LLC now owns 48,838 shares of the company’s stock valued at $11,131,000 after purchasing an additional 810 shares in the last quarter. Cetera Advisor Networks LLC grew its stake in Constellation Brands by 8.1% in the first quarter. Cetera Advisor Networks LLC now owns 5,483 shares of the company’s stock valued at $1,250,000 after purchasing an additional 411 shares in the last quarter. Candriam Luxembourg S.C.A. grew its stake in Constellation Brands by 6.6% in the first quarter. Candriam Luxembourg S.C.A. now owns 13,435 shares of the company’s stock valued at $3,062,000 after purchasing an additional 832 shares in the last quarter. Toronto Dominion Bank grew its stake in Constellation Brands by 24.6% in the first quarter. Toronto Dominion Bank now owns 92,444 shares of the company’s stock valued at $21,066,000 after purchasing an additional 18,256 shares in the last quarter. Finally, Peapack Gladstone Financial Corp grew its stake in Constellation Brands by 76.6% in the first quarter. Peapack Gladstone Financial Corp now owns 12,272 shares of the company’s stock valued at $2,797,000 after purchasing an additional 5,323 shares in the last quarter. Institutional investors and hedge funds own 73.49% of the company’s stock.
Constellation Brands Company Profile
Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company sells wine across various categories, including table wine, sparkling wine, and dessert wine. It provides beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Obregon Brewery, and Ballast Point brands.
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