Analysts Set Constellation Brands, Inc. (NYSE:STZ) Target Price at $254.29

Shares of Constellation Brands, Inc. (NYSE:STZ) have been given a consensus recommendation of “Moderate Buy” by the twenty-one ratings firms that are presently covering the firm, MarketBeat reports. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $254.29.

A number of research firms have commented on STZ. TD Cowen cut their target price on shares of Constellation Brands from $270.00 to $260.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. BNP Paribas began coverage on shares of Constellation Brands in a research report on Monday, November 25th. They set a “neutral” rating and a $261.00 target price on the stock. Jefferies Financial Group reaffirmed a “hold” rating and issued a $201.00 price objective (down previously from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th. StockNews.com raised shares of Constellation Brands from a “sell” rating to a “hold” rating in a research report on Thursday, February 13th. Finally, Piper Sandler downgraded shares of Constellation Brands from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $245.00 to $200.00 in a research report on Monday, February 3rd.

Constellation Brands Trading Up 1.9 %

STZ stock opened at $179.23 on Thursday. The company has a market capitalization of $32.39 billion, a PE ratio of 48.18, a P/E/G ratio of 1.52 and a beta of 1.75. Constellation Brands has a 12 month low of $160.46 and a 12 month high of $274.87. The firm’s 50-day moving average is $193.21 and its 200 day moving average is $225.28. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46.

Constellation Brands (NYSE:STZ) last posted its earnings results on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). The business had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same period last year, the business posted $3.19 EPS. On average, research analysts anticipate that Constellation Brands will post 13.5 EPS for the current year.

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 2.25%. The ex-dividend date was Friday, February 7th. Constellation Brands’s payout ratio is 108.60%.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, Director William T. Giles acquired 1,000 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was acquired at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the purchase, the director now owns 1,463 shares in the company, valued at approximately $272,688.57. The trade was a 215.98 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 12.19% of the company’s stock.

Institutional Trading of Constellation Brands

Several institutional investors and hedge funds have recently bought and sold shares of the business. Oakworth Capital Inc. lifted its stake in Constellation Brands by 4.4% during the 3rd quarter. Oakworth Capital Inc. now owns 989 shares of the company’s stock valued at $255,000 after acquiring an additional 42 shares during the period. PFG Investments LLC lifted its stake in Constellation Brands by 3.8% during the 3rd quarter. PFG Investments LLC now owns 1,150 shares of the company’s stock valued at $296,000 after acquiring an additional 42 shares during the period. Metis Global Partners LLC increased its holdings in shares of Constellation Brands by 0.8% during the 3rd quarter. Metis Global Partners LLC now owns 5,570 shares of the company’s stock valued at $1,435,000 after purchasing an additional 46 shares in the last quarter. Rosenberg Matthew Hamilton increased its holdings in shares of Constellation Brands by 6.2% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 858 shares of the company’s stock valued at $221,000 after purchasing an additional 50 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL increased its holdings in shares of Constellation Brands by 4.6% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 1,158 shares of the company’s stock valued at $298,000 after purchasing an additional 51 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

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.