Constellation Brands Inc (NYSE:STZ) Given Consensus Recommendation of “Moderate Buy” by Analysts

Constellation Brands Inc (NYSE:STZ) has earned an average recommendation of “Moderate Buy” from the twenty-two ratings firms that are currently covering the firm, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $215.87.

A number of research analysts recently weighed in on the company. DA Davidson reduced their target price on Constellation Brands from $272.00 to $241.00 in a report on Friday, April 11th. Truist Financial upgraded Constellation Brands from a “hold” rating to a “buy” rating and raised their price objective for the stock from $190.00 to $215.00 in a report on Wednesday, May 7th. Roth Mkm decreased their target price on Constellation Brands from $284.00 to $256.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. Jefferies Financial Group dropped their target price on shares of Constellation Brands from $201.00 to $196.00 in a research report on Friday, April 11th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Constellation Brands from $203.00 to $194.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th.

Insider Activity at Constellation Brands

In other news, EVP Samuel J. Glaetzer sold 3,150 shares of the company’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $188.54, for a total value of $593,901.00. Following the sale, the executive vice president now owns 3,126 shares in the company, valued at approximately $589,376.04. This represents a 50.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 12.45% of the stock is currently owned by company insiders.

Institutional Trading of Constellation Brands

Several hedge funds and other institutional investors have recently bought and sold shares of STZ. Harbor Capital Advisors Inc. raised its holdings in shares of Constellation Brands by 36.4% during the first quarter. Harbor Capital Advisors Inc. now owns 3,051 shares of the company’s stock worth $560,000 after purchasing an additional 815 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Constellation Brands during the fourth quarter worth about $26,000. Johnson Investment Counsel Inc. raised its stake in Constellation Brands by 8.1% during the first quarter. Johnson Investment Counsel Inc. now owns 2,495 shares of the company’s stock worth $458,000 after acquiring an additional 187 shares during the period. Farther Finance Advisors LLC lifted its holdings in Constellation Brands by 179.2% in the first quarter. Farther Finance Advisors LLC now owns 2,069 shares of the company’s stock worth $382,000 after acquiring an additional 1,328 shares during the last quarter. Finally, Bank Pictet & Cie Europe AG boosted its stake in Constellation Brands by 39.7% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 6,096 shares of the company’s stock valued at $1,347,000 after acquiring an additional 1,733 shares during the period. 77.34% of the stock is owned by institutional investors.

Constellation Brands Price Performance

STZ opened at $164.38 on Wednesday. Constellation Brands has a 1 year low of $159.35 and a 1 year high of $265.69. The company’s 50 day simple moving average is $180.28 and its 200 day simple moving average is $187.27. The stock has a market capitalization of $29.26 billion, a PE ratio of -322.32, a P/E/G ratio of 9.01 and a beta of 0.70. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.56 and a current ratio of 0.92.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, topping analysts’ consensus estimates of $2.28 by $0.35. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.14 billion. Constellation Brands had a negative net margin of 0.74% and a positive return on equity of 29.56%. Constellation Brands’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.26 earnings per share. As a group, sell-side analysts expect that Constellation Brands will post 13.5 EPS for the current year.

Constellation Brands Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.48%. This is a positive change from Constellation Brands’s previous quarterly dividend of $1.01. The ex-dividend date was Tuesday, April 29th. Constellation Brands’s payout ratio is presently -800.00%.

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.