Constellation Brands (NYSE:STZ) Given New $110.00 Price Target at BNP Paribas Exane

Constellation Brands (NYSE:STZ) had its price objective cut by BNP Paribas Exane from $115.00 to $110.00 in a report published on Monday. They currently have an underperform rating on the stock.

Other equities analysts have also issued research reports about the company. Jefferies Financial Group cut their target price on Constellation Brands from $147.00 to $135.00 and set a “hold” rating on the stock in a research note on Monday, September 14th. Freedom Capital lowered Constellation Brands from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. JPMorgan Chase & Co. lowered their price target on Constellation Brands from $169.00 to $165.00 and set a “neutral” rating for the company in a research note on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Constellation Brands from $150.00 to $136.00 and set a “hold” rating on the stock in a research report on Friday, September 11th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $185.00 price objective on shares of Constellation Brands in a research note on Thursday, July 2nd. Twelve investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Constellation Brands currently has an average rating of “Hold” and an average price target of $161.67.

Constellation Brands Price Performance

Shares of STZ stock opened at $116.28 on Monday. The firm’s 50 day moving average price is $129.60 and its two-hundred day moving average price is $140.95. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.48 and a current ratio of 0.91. Constellation Brands has a 52-week low of $115.50 and a 52-week high of $168.60. The stock has a market cap of $19.86 billion, a PE ratio of 11.11, a PEG ratio of 2.33 and a beta of 0.41.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Tuesday, June 30th. The company reported $3.43 earnings per share for the quarter, missing analysts’ consensus estimates of $3.70 by ($0.27). Constellation Brands had a net margin of 18.87% and a return on equity of 25.58%. The company had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same period last year, the company earned $3.22 EPS. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. As a group, analysts forecast that Constellation Brands will post 11.84 EPS for the current year.

Constellation Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, July 30th were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Thursday, July 30th. Constellation Brands’s payout ratio is 39.31%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of STZ. Capital World Investors boosted its holdings in Constellation Brands by 8.3% during the fourth quarter. Capital World Investors now owns 7,238,575 shares of the company’s stock worth $998,740,000 after purchasing an additional 553,974 shares during the last quarter. Capital International Investors boosted its stake in shares of Constellation Brands by 48.5% during the 4th quarter. Capital International Investors now owns 6,442,600 shares of the company’s stock worth $888,930,000 after buying an additional 2,105,546 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Constellation Brands by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 3,739,549 shares of the company’s stock valued at $513,871,000 after acquiring an additional 54,184 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Constellation Brands by 11.0% in the fourth quarter. Van ECK Associates Corp now owns 2,397,275 shares of the company’s stock valued at $330,728,000 after acquiring an additional 237,073 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Constellation Brands by 5.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,826,652 shares of the company’s stock valued at $274,029,000 after acquiring an additional 88,538 shares during the last quarter. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Company Profile

Constellation Brands, Inc (NYSE: STZ) is a beverage alcohol company that produces, markets and distributes beer, wine and spirits. Its portfolio includes well-known beer brands such as Corona Extra, Modelo Especial, Modelo Negra, Pacifico and Victoria, along with wine brands including Robert Mondavi, The Prisoner, Kim Crawford and Meiomi. Its spirits portfolio includes brands such as Casa Noble tequila and High West whiskey.

The company’s beer business is focused primarily on the United States, where Constellation markets and sells Mexican beer brands brewed by its production operations in Mexico.