Brokerages Set Constellation Brands, Inc. (NYSE:STZ) Price Target at $288.70

Shares of Constellation Brands, Inc. (NYSE:STZ) have earned a consensus recommendation of “Moderate Buy” from the twenty analysts that are currently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $288.70.

Several equities analysts recently issued reports on STZ shares. BMO Capital Markets cut their target price on Constellation Brands from $315.00 to $305.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 15th. Roth Mkm reissued a “buy” rating and issued a $298.00 price objective on shares of Constellation Brands in a report on Friday, October 4th. Evercore ISI decreased their target price on Constellation Brands from $310.00 to $300.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Needham & Company LLC started coverage on shares of Constellation Brands in a report on Friday. They issued a “buy” rating and a $280.00 price target on the stock. Finally, BNP Paribas began coverage on shares of Constellation Brands in a research note on Monday, November 25th. They set a “neutral” rating and a $261.00 price objective for the company.

Insider Transactions at Constellation Brands

In other Constellation Brands news, major shareholder Wildstar Partners Llc sold 660 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total transaction of $159,060.00. Following the completion of the transaction, the insider now owns 1,736,884 shares of the company’s stock, valued at $418,589,044. This represents a 0.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William A. Newlands sold 7,426 shares of Constellation Brands stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $237.24, for a total value of $1,761,744.24. Following the completion of the sale, the chief executive officer now directly owns 7,274 shares in the company, valued at $1,725,683.76. This represents a 50.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 189,956 shares of company stock valued at $46,058,091 in the last three months. 12.19% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. New Millennium Group LLC acquired a new stake in Constellation Brands during the 2nd quarter worth $25,000. Horizon Bancorp Inc. IN purchased a new position in shares of Constellation Brands in the second quarter worth about $32,000. Opal Wealth Advisors LLC acquired a new position in Constellation Brands during the second quarter worth about $36,000. Ashton Thomas Private Wealth LLC purchased a new stake in Constellation Brands during the 2nd quarter valued at about $36,000. Finally, Wellington Shields & Co. LLC raised its holdings in Constellation Brands by 50.0% in the 2nd quarter. Wellington Shields & Co. LLC now owns 150 shares of the company’s stock valued at $39,000 after acquiring an additional 50 shares during the last quarter. 77.34% of the stock is owned by institutional investors and hedge funds.

Constellation Brands Trading Up 2.2 %

Shares of NYSE:STZ opened at $244.31 on Friday. The business’s 50-day moving average is $239.83 and its 200 day moving average is $246.21. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.25 and a quick ratio of 0.53. Constellation Brands has a 1 year low of $224.76 and a 1 year high of $274.87. The firm has a market capitalization of $44.36 billion, a P/E ratio of 79.06, a P/E/G ratio of 1.69 and a beta of 0.90.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Thursday, October 3rd. The company reported $4.32 earnings per share for the quarter, topping analysts’ consensus estimates of $4.08 by $0.24. The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.95 billion. Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.70 earnings per share. On average, research analysts predict that Constellation Brands will post 13.57 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th were given a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Tuesday, November 5th. Constellation Brands’s dividend payout ratio (DPR) is presently 130.74%.

About Constellation Brands

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.