Barclays Lowers Constellation Brands (NYSE:STZ) Price Target to $203.00

Constellation Brands (NYSE:STZ) had its price target decreased by Barclays from $205.00 to $203.00 in a research note released on Thursday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

Other equities research analysts have also issued research reports about the stock. Needham & Company LLC lowered their price target on shares of Constellation Brands from $240.00 to $215.00 and set a “buy” rating on the stock in a report on Thursday. Truist Financial lowered their target price on shares of Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a research note on Tuesday, January 14th. Royal Bank of Canada cut their price target on shares of Constellation Brands from $293.00 to $289.00 and set an “outperform” rating for the company in a research note on Friday, March 7th. StockNews.com lowered Constellation Brands from a “hold” rating to a “sell” rating in a research note on Friday, March 14th. Finally, Jefferies Financial Group restated a “hold” rating and set a $201.00 target price (down previously from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $249.18.

Constellation Brands Stock Down 0.3 %

NYSE STZ opened at $183.69 on Thursday. Constellation Brands has a twelve month low of $160.46 and a twelve month high of $274.87. The stock has a market cap of $33.20 billion, a PE ratio of 49.38, a PEG ratio of 1.52 and a beta of 1.75. The firm has a 50-day simple moving average of $177.19 and a 200 day simple moving average of $214.74. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.08). The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates 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 was down .3% on a year-over-year basis. During the same period last year, the company earned $3.19 EPS. On average, research analysts forecast that Constellation Brands will post 13.5 EPS for the current year.

Constellation Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a $1.01 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.04 annualized dividend and a dividend yield of 2.20%. Constellation Brands’s dividend payout ratio (DPR) is currently 108.60%.

Insider Activity

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of STZ. Thrivent Financial for Lutherans grew its stake in shares of Constellation Brands by 13.0% during the third quarter. Thrivent Financial for Lutherans now owns 7,341 shares of the company’s stock worth $1,892,000 after purchasing an additional 845 shares during the period. Truvestments Capital LLC acquired a new position in shares of Constellation Brands during the 3rd quarter worth about $60,000. Glenmede Trust Co. NA increased its stake in shares of Constellation Brands by 16.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 3,908 shares of the company’s stock valued at $1,007,000 after acquiring an additional 554 shares during the last quarter. CreativeOne Wealth LLC acquired a new stake in shares of Constellation Brands in the 3rd quarter valued at approximately $565,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Constellation Brands by 12.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 80,025 shares of the company’s stock valued at $20,622,000 after acquiring an additional 9,154 shares during the period. Institutional investors own 77.34% of the company’s stock.

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.