Constellation Brands (NYSE:STZ) Rating Lowered to “Sell” at StockNews.com

StockNews.com cut shares of Constellation Brands (NYSE:STZ) from a hold rating to a sell rating in a report published on Thursday morning.

Several other equities analysts have also recently commented on the company. Truist Financial reduced their target price on Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a research report on Tuesday, January 14th. Morgan Stanley dropped their target price on shares of Constellation Brands from $202.00 to $195.00 and set an “equal weight” rating for the company in a research report on Friday, April 11th. Royal Bank of Canada lowered their price target on Constellation Brands from $289.00 to $233.00 and set an “outperform” rating on the stock in a research report on Monday. Argus lowered Constellation Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, The Goldman Sachs Group reduced their price target on shares of Constellation Brands from $260.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $224.42.

Constellation Brands Stock Up 1.9 %

Constellation Brands stock opened at $186.58 on Thursday. Constellation Brands has a 1-year low of $160.46 and a 1-year high of $265.70. The firm has a 50 day simple moving average of $178.12 and a 200 day simple moving average of $207.38. 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 firm has a market capitalization of $33.72 billion, a price-to-earnings ratio of 50.16, a P/E/G ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last issued its earnings results on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.28 by $0.35. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter last year, the company earned $2.26 EPS. The firm’s revenue was up 1.2% compared to the same quarter last year. On average, analysts predict that Constellation Brands will post 13.5 earnings per share for the current year.

Constellation Brands Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th will be given a $1.02 dividend. The ex-dividend date is Tuesday, April 29th. This represents a $4.08 annualized dividend and a dividend yield of 2.19%. This is a positive change from Constellation Brands’s previous quarterly dividend of $1.01. Constellation Brands’s dividend payout ratio is currently -800.00%.

Institutional Investors Weigh In On Constellation Brands

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mainstream Capital Management LLC bought a new stake in Constellation Brands during the fourth quarter worth about $25,000. SBI Securities Co. Ltd. bought a new stake in shares of Constellation Brands in the 4th quarter worth approximately $26,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of Constellation Brands in the 4th quarter worth approximately $27,000. Union Bancaire Privee UBP SA bought a new position in Constellation Brands during the 4th quarter valued at approximately $28,000. Finally, Minot DeBlois Advisors LLC bought a new stake in Constellation Brands in the fourth quarter worth $29,000. 77.34% of the stock is owned by hedge funds and other institutional investors.

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.