Constellation Brands (NYSE:STZ) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Constellation Brands (NYSE:STZ) from a strong sell rating to a hold rating in a research report released on Monday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on the stock. BMO Capital Markets cut their price objective on shares of Constellation Brands from $215.00 to $190.00 and set an “outperform” rating for the company in a research report on Thursday, September 4th. Raymond James Financial upgraded shares of Constellation Brands to a “strong-buy” rating in a report on Monday, July 7th. Morgan Stanley decreased their target price on shares of Constellation Brands from $176.00 to $160.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 7th. Cowen reaffirmed a “hold” rating on shares of Constellation Brands in a research report on Monday, July 7th. Finally, BNP Paribas downgraded shares of Constellation Brands from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $186.44.

Constellation Brands Stock Performance

Shares of STZ stock opened at $129.23 on Monday. The company’s fifty day simple moving average is $140.24 and its 200-day simple moving average is $162.51. The company has a quick ratio of 0.54, a current ratio of 1.08 and a debt-to-equity ratio of 1.26. The firm has a market cap of $22.62 billion, a PE ratio of 18.87, a P/E/G ratio of 0.39 and a beta of 1.75. Constellation Brands has a 12 month low of $127.00 and a 12 month high of $245.31.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Thursday, February 23rd. The company reported $3.12 EPS for the quarter. Constellation Brands had a net margin of 11.88% and a return on equity of 29.82%. The firm had revenue of $2.32 billion for the quarter. Equities research analysts expect that Constellation Brands will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Thursday, October 30th will be given a dividend of $1.02 per share. The ex-dividend date is Thursday, October 30th. This represents a $4.08 annualized dividend and a dividend yield of 3.2%. Constellation Brands’s dividend payout ratio is currently 59.56%.

Institutional Investors Weigh In On Constellation Brands

Several large investors have recently added to or reduced their stakes in the business. Gilbert & Cook Inc. boosted its stake in Constellation Brands by 2.6% during the second quarter. Gilbert & Cook Inc. now owns 2,385 shares of the company’s stock valued at $388,000 after buying an additional 60 shares during the period. World Investment Advisors boosted its stake in Constellation Brands by 1.7% in the first quarter. World Investment Advisors now owns 3,801 shares of the company’s stock worth $698,000 after buying an additional 62 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in Constellation Brands by 3.8% in the second quarter. V Square Quantitative Management LLC now owns 1,682 shares of the company’s stock worth $274,000 after buying an additional 62 shares in the last quarter. Oak Asset Management LLC boosted its stake in shares of Constellation Brands by 0.4% during the second quarter. Oak Asset Management LLC now owns 18,281 shares of the company’s stock valued at $2,974,000 after purchasing an additional 70 shares during the period. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Constellation Brands by 9.9% during the first quarter. Geneos Wealth Management Inc. now owns 813 shares of the company’s stock valued at $149,000 after purchasing an additional 73 shares during the period. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Company Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.