Brokerages Set Constellation Brands, Inc. (NYSE:STZ) Target Price at $259.05

Shares of Constellation Brands, Inc. (NYSE:STZ) have received a consensus rating of “Moderate Buy” from the twenty-one analysts that are presently covering the stock, Marketbeat reports. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $257.14.

STZ has been the subject of several analyst reports. Truist Financial decreased 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. StockNews.com cut shares of Constellation Brands from a “hold” rating to a “sell” rating in a report on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $240.00 target price on shares of Constellation Brands in a research note on Monday. JPMorgan Chase & Co. reissued a “neutral” rating and set a $203.00 price target (down from $262.00) on shares of Constellation Brands in a research report on Monday, January 13th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $201.00 price objective (down previously from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th.

Constellation Brands Trading Up 1.1 %

STZ opened at $184.32 on Friday. The firm has a 50 day simple moving average of $217.72 and a 200 day simple moving average of $234.79. Constellation Brands has a fifty-two week low of $176.51 and a fifty-two week high of $274.87. The company has a market cap of $33.31 billion, a price-to-earnings ratio of 49.55, a price-to-earnings-growth ratio of 1.58 and a beta of 0.91. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46.

Constellation Brands (NYSE:STZ) last issued its 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). Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter in the previous year, the firm posted $3.19 EPS. The business’s revenue was down .3% on a year-over-year basis. On average, sell-side analysts anticipate that Constellation Brands will post 13.52 earnings per share for the current year.

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Friday, February 7th. Constellation Brands’s payout ratio is 108.60%.

Insider Buying and Selling

In other Constellation Brands news, EVP James A. Jr. Sabia sold 36,086 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were 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. This represents a 69.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William T. Giles acquired 1,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 1,463 shares in the company, valued at approximately $272,688.57. This trade represents a 215.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 61,746 shares of company stock worth $15,017,097. Corporate insiders own 12.19% of the company’s stock.

Hedge Funds Weigh In On Constellation Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Compagnie Lombard Odier SCmA acquired a new stake in shares of Constellation Brands in the fourth quarter valued at approximately $27,000. Union Bancaire Privee UBP SA acquired a new stake in Constellation Brands during the 4th quarter valued at $28,000. Eastern Bank bought a new position in Constellation Brands during the third quarter worth $39,000. Versant Capital Management Inc increased its holdings in shares of Constellation Brands by 887.5% in the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after purchasing an additional 142 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new position in shares of Constellation Brands in the third quarter valued at about $42,000. Institutional investors own 77.34% of the company’s stock.

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.