Constellation Brands, Inc. (NYSE:STZ) Receives $252.81 Consensus PT from Brokerages

Constellation Brands, Inc. (NYSE:STZ) has been assigned an average recommendation of “Moderate Buy” from the twenty-one ratings firms that are currently covering the company, MarketBeat.com reports. Ten research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $252.81.

STZ has been the subject of several recent research reports. BNP Paribas initiated coverage on Constellation Brands in a report on Monday, November 25th. They set a “neutral” rating and a $261.00 price target for the company. Barclays decreased their price target on Constellation Brands from $214.00 to $205.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $203.00 price objective (down previously from $262.00) on shares of Constellation Brands in a research report on Monday, January 13th. Evercore ISI cut their price objective on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Finally, Morgan Stanley cut Constellation Brands from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $220.00 to $202.00 in a research report on Thursday, February 27th.

Insider Buying and Selling

In related news, Director William T. Giles acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the transaction, the director now owns 1,463 shares in the company, valued at $272,688.57. This trade represents a 215.98 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 12.19% of the stock is currently owned by company insiders.

Institutional Trading of Constellation Brands

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mainstream Capital Management LLC purchased a new stake in Constellation Brands during the 4th quarter worth about $25,000. SBI Securities Co. Ltd. purchased a new stake in Constellation Brands during the 4th quarter worth about $26,000. Compagnie Lombard Odier SCmA purchased a new stake in Constellation Brands during the 4th quarter worth about $27,000. Union Bancaire Privee UBP SA purchased a new stake in Constellation Brands during the 4th quarter worth about $28,000. Finally, Minot DeBlois Advisors LLC acquired a new stake in Constellation Brands in the 4th quarter worth about $29,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Price Performance

STZ stock opened at $178.99 on Monday. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The business has a 50 day simple moving average of $178.20 and a 200-day simple moving average of $217.99. Constellation Brands has a twelve month low of $160.46 and a twelve month high of $274.87. The company has a market capitalization of $32.35 billion, a P/E ratio of 48.11, a PEG ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.08). Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same period in the prior year, the business earned $3.19 earnings per share. Constellation Brands’s revenue for the quarter was down .3% compared to the same quarter last year. As a group, equities analysts anticipate that Constellation Brands will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend was Friday, February 7th. Constellation Brands’s dividend payout ratio is presently 108.60%.

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.