Royal Bank Of Canada reiterated their buy rating on shares of Constellation Brands Inc (NYSE:STZ) in a research report released on Sunday. Royal Bank Of Canada currently has a $226.00 price target on the stock.
Several other equities research analysts have also issued reports on STZ. Wells Fargo & Company reissued an outperform rating and set a $216.00 price objective (up previously from $215.00) on shares of Constellation Brands in a research note on Saturday, July 22nd. Goldman Sachs Group, Inc. (The) lowered Constellation Brands from a buy rating to a neutral rating and dropped their price objective for the company from $212.00 to $210.00 in a research note on Monday, July 24th. BidaskClub lowered Constellation Brands from a strong-buy rating to a buy rating in a research note on Friday, July 28th. Cowen and Company reissued a buy rating and set a $230.00 price objective on shares of Constellation Brands in a research note on Thursday, August 3rd. Finally, Macquarie initiated coverage on Constellation Brands in a research note on Thursday, September 14th. They set an outperform rating and a $227.00 price objective for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $216.00.
Shares of Constellation Brands (NYSE STZ) opened at $217.16 on Friday. The stock has a market capitalization of $42,670.00, a price-to-earnings ratio of 26.76, a P/E/G ratio of 1.42 and a beta of 0.10. Constellation Brands has a 52 week low of $144.00 and a 52 week high of $227.20. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.69 and a current ratio of 1.61.
Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Thursday, October 5th. The company reported $2.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.17 by $0.30. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.06 billion. Constellation Brands had a return on equity of 22.81% and a net margin of 21.47%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the company earned $1.77 earnings per share. equities analysts expect that Constellation Brands will post 8.43 EPS for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Monday, November 6th. Constellation Brands’s dividend payout ratio (DPR) is presently 11.89%.
In other news, VP Thomas J. Mullin sold 18,227 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $217.01, for a total value of $3,955,441.27. Following the completion of the sale, the vice president now owns 72,924 shares of the company’s stock, valued at approximately $15,825,237.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Thomas J. Mullin sold 50,000 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $209.45, for a total value of $10,472,500.00. The disclosure for this sale can be found here. In the last three months, insiders sold 86,179 shares of company stock valued at $18,030,434. 15.59% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hanson McClain Inc. lifted its stake in shares of Constellation Brands by 0.4% in the 2nd quarter. Hanson McClain Inc. now owns 772 shares of the company’s stock valued at $149,000 after acquiring an additional 3 shares during the last quarter. Financial Architects Inc increased its holdings in Constellation Brands by 1.4% during the 2nd quarter. Financial Architects Inc now owns 1,776 shares of the company’s stock valued at $344,000 after purchasing an additional 25 shares during the period. Welch Group LLC increased its holdings in Constellation Brands by 2.9% during the 2nd quarter. Welch Group LLC now owns 885 shares of the company’s stock valued at $171,000 after purchasing an additional 25 shares during the period. Ray Gerald L & Associates Ltd. increased its holdings in Constellation Brands by 0.7% during the 2nd quarter. Ray Gerald L & Associates Ltd. now owns 4,630 shares of the company’s stock valued at $897,000 after purchasing an additional 30 shares during the period. Finally, LS Investment Advisors LLC increased its holdings in Constellation Brands by 0.8% during the 2nd quarter. LS Investment Advisors LLC now owns 4,958 shares of the company’s stock valued at $961,000 after purchasing an additional 39 shares during the period. 74.38% of the stock is owned by institutional investors.
Constellation Brands Company Profile
Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.
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