Constellation Brands, Inc. (NYSE:STZ) Receives $288.70 Consensus Target Price from Analysts

Constellation Brands, Inc. (NYSE:STZ) has been given an average recommendation of “Moderate Buy” by the twenty ratings firms that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $288.70.

Several research firms recently issued reports on STZ. Morgan Stanley reduced their price objective on shares of Constellation Brands from $305.00 to $280.00 and set an “overweight” rating for the company in a research note on Monday, August 26th. Evercore ISI reduced their price target on Constellation Brands from $310.00 to $300.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. UBS Group lowered their price objective on Constellation Brands from $320.00 to $295.00 and set a “buy” rating on the stock in a report on Monday, September 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $308.00 target price on shares of Constellation Brands in a research report on Tuesday, November 19th. Finally, TD Cowen lowered shares of Constellation Brands from a “buy” rating to a “hold” rating and lowered their target price for the company from $300.00 to $270.00 in a research note on Tuesday, October 8th.

Insider Activity at Constellation Brands

In other Constellation Brands news, CEO William A. Newlands sold 7,426 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $237.24, for a total value of $1,761,744.24. Following the transaction, the chief executive officer now directly owns 7,274 shares in the company, valued at $1,725,683.76. The trade was a 50.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James A. Jr. Sabia sold 36,086 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $242.99, for a total transaction of $8,768,537.14. Following the sale, the executive vice president now directly owns 16,042 shares of the company’s stock, valued at approximately $3,898,045.58. The trade was a 69.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 189,956 shares of company stock valued at $46,058,091 in the last 90 days. 12.19% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Constellation Brands

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

Constellation Brands Stock Performance

Shares of STZ stock opened at $239.71 on Friday. Constellation Brands has a fifty-two week low of $224.76 and a fifty-two week high of $274.87. The stock’s 50-day moving average is $238.99 and its two-hundred day moving average is $246.02. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.25 and a quick ratio of 0.53. The firm has a market cap of $43.52 billion, a P/E ratio of 77.58, a PEG ratio of 1.69 and a beta of 0.90.

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

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th were paid a $1.01 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $4.04 annualized dividend and a dividend yield of 1.69%. Constellation Brands’s dividend payout ratio is currently 130.74%.

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.