Constellation Brands, Inc. (NYSE:STZ) to Issue Quarterly Dividend of $0.76


Share on StockTwits

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.

Constellation Brands (NYSE:STZ) last released its earnings results on Wednesday, January 6th. The company reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.68. Constellation Brands had a return on equity of 16.09% and a net margin of 21.63%. The business had revenue of $2.44 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the prior year, the company posted $2.14 earnings per share. Constellation Brands’s revenue was up 22.5% on a year-over-year basis. On average, research analysts forecast that Constellation Brands will post 9.66 earnings per share for the current year.

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.

Featured Story: What is a CD ladder?

Dividend History for Constellation Brands (NYSE:STZ)

Receive News & Ratings for Constellation Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Constellation Brands and related companies with MarketBeat.com's FREE daily email newsletter.