Constellation Brands (NYSE:STZ) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Constellation Brands (NYSE:STZ – Get Rating) in a research note published on Thursday morning. The firm issued a hold rating on the stock.

Several other equities analysts have also commented on the company. Barclays dropped their target price on Constellation Brands from $288.00 to $278.00 and set an overweight rating on the stock in a report on Monday, January 9th. Evercore ISI raised their price objective on Constellation Brands from $250.00 to $260.00 and gave the stock an outperform rating in a report on Tuesday, January 31st. BMO Capital Markets dropped their price objective on Constellation Brands from $290.00 to $265.00 and set an outperform rating on the stock in a report on Friday, January 6th. Argus dropped their price objective on Constellation Brands from $295.00 to $250.00 in a report on Friday, January 6th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Constellation Brands from $249.00 to $245.00 and set a hold rating on the stock in a report on Wednesday, December 21st. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $252.76.

Constellation Brands Stock Performance

NYSE:STZ opened at $210.90 on Thursday. The firm has a market capitalization of $38.92 billion, a PE ratio of 602.59, a price-to-earnings-growth ratio of 2.03 and a beta of 1.01. The business’s fifty day moving average price is $223.52 and its 200 day moving average price is $233.53. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.29 and a quick ratio of 0.63. Constellation Brands has a 12 month low of $208.12 and a 12 month high of $261.52.

Constellation Brands (NYSE:STZ – Get Rating) last posted its earnings results on Thursday, January 5th. The company reported $2.83 EPS for the quarter, missing the consensus estimate of $2.88 by ($0.05). The business had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.38 billion. Constellation Brands had a net margin of 0.98% and a return on equity of 19.69%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the company earned $3.12 EPS. On average, sell-side analysts anticipate that Constellation Brands will post 10.64 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 22nd. Investors of record on Wednesday, February 8th were given a $0.80 dividend. The ex-dividend date was Tuesday, February 7th. This represents a $3.20 dividend on an annualized basis and a yield of 1.52%. Constellation Brands’s payout ratio is currently 914.31%.

Institutional Investors Weigh In On Constellation Brands

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Constellation Brands by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 12,601,280 shares of the company’s stock valued at $2,902,327,000 after acquiring an additional 313,344 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Constellation Brands by 52.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,928,866 shares of the company’s stock valued at $910,514,000 after acquiring an additional 1,346,846 shares during the period. Morgan Stanley lifted its position in shares of Constellation Brands by 31.3% during the 4th quarter. Morgan Stanley now owns 3,809,273 shares of the company’s stock valued at $882,799,000 after acquiring an additional 908,486 shares during the period. Moneta Group Investment Advisors LLC lifted its position in shares of Constellation Brands by 84,839.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 3,742,434 shares of the company’s stock valued at $867,309,000 after acquiring an additional 3,738,028 shares during the period. Finally, FMR LLC lifted its position in shares of Constellation Brands by 54.0% during the 2nd quarter. FMR LLC now owns 3,488,895 shares of the company’s stock valued at $813,122,000 after acquiring an additional 1,223,134 shares during the period. Institutional investors and hedge funds own 84.87% of the company’s stock.

About Constellation Brands

(Get Rating)

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.