Constellation Brands, Inc. (NYSE:STZ) declared a quarterly dividend on Thursday, April 8th, RTT News reports. Stockholders of record on Tuesday, May 4th will be given a dividend of 0.76 per share on Tuesday, May 18th. This represents a $3.04 annualized dividend and a dividend yield of 1.29%. This is a positive change from Constellation Brands’s previous quarterly dividend of $0.75.
Constellation Brands has increased its dividend by 53.1% over the last three years and has raised its dividend every year for the last 1 years.
STZ opened at $234.94 on Thursday. Constellation Brands has a 52-week low of $149.01 and a 52-week high of $242.62. The firm has a market capitalization of $45.56 billion, a PE ratio of 22.88, a PEG ratio of 3.15 and a beta of 1.12. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.01 and a current ratio of 1.69. The business’s 50-day simple moving average is $226.59 and its 200 day simple moving average is $210.15.
In other Constellation Brands news, EVP Robert Lee Hanson sold 6,101 shares of the stock in a transaction dated Friday, January 8th. The stock was sold at an average price of $228.78, for a total value of $1,395,786.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 15.77% of the stock is currently owned by company insiders.
Several analysts recently issued reports on STZ shares. Zacks Investment Research lowered Constellation Brands from a “buy” rating to a “hold” rating and set a $242.00 target price on the stock. in a report on Monday, January 11th. Jefferies Financial Group upped their price objective on Constellation Brands from $276.00 to $300.00 and gave the company a “buy” rating in a research note on Monday. Cowen upped their price objective on Constellation Brands from $240.00 to $275.00 in a research note on Friday, January 8th. OTR Global upgraded Constellation Brands from a “mixed” rating to a “positive” rating in a research note on Thursday, March 25th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Constellation Brands from $219.00 to $223.00 and gave the stock a “hold” rating in a research note on Wednesday, March 31st. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Constellation Brands has an average rating of “Buy” and a consensus price target of $237.30.
About Constellation Brands
Constellation Brands, Inc engages in the production, marketing and distribution of beer, wine and spirits. It operates through the following segments: Beer, Wine and Spirits, and Corporate Operations and Other and Canopy. The Beer segment includes imported and craft beer brands. The Wine and Spirits segment sells wine brands across all categories-table wine, sparkling wine and dessert wine-and across all price points.
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