Constellation Brands Inc (NYSE:STZ) Receives $213.74 Consensus Target Price from Analysts

Constellation Brands Inc (NYSE:STZ - Get Free Report) has received an average recommendation of "Moderate Buy" from the twenty-four research firms that are presently covering the company, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $213.74.

A number of equities research analysts have commented on the company. Royal Bank Of Canada reduced 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, April 14th. UBS Group lifted their target price on Constellation Brands from $195.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Truist Financial raised shares of 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 research report on Wednesday, May 7th. Roth Mkm cut their price target on Constellation Brands from $284.00 to $256.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Finally, Raymond James Financial upgraded shares of Constellation Brands to a "strong-buy" rating in a report on Monday, July 7th.

Insiders Place Their Bets

In related news, EVP Samuel J. Glaetzer sold 3,150 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $188.54, for a total transaction of $593,901.00. Following the sale, the executive vice president owned 3,126 shares in the company, valued at approximately $589,376.04. This represents a 50.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 12.45% of the stock is owned by insiders.

Hedge Funds Weigh In On Constellation Brands

A number of large investors have recently bought and sold shares of the business. Hudson Edge Investment Partners Inc. boosted its position in Constellation Brands by 2.4% in the second quarter. Hudson Edge Investment Partners Inc. now owns 28,774 shares of the company's stock valued at $4,681,000 after buying an additional 663 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Constellation Brands by 2.8% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,033 shares of the company's stock valued at $4,723,000 after acquiring an additional 787 shares during the period. ASR Vermogensbeheer N.V. raised its holdings in shares of Constellation Brands by 16.3% during the second quarter. ASR Vermogensbeheer N.V. now owns 54,853 shares of the company's stock valued at $8,923,000 after acquiring an additional 7,692 shares during the last quarter. Liberty Capital Management Inc. boosted its position in Constellation Brands by 3.0% during the second quarter. Liberty Capital Management Inc. now owns 22,612 shares of the company's stock worth $3,679,000 after acquiring an additional 664 shares during the last quarter. Finally, Cooper Financial Group increased its stake in shares of Constellation Brands by 19.7% in the 2nd quarter. Cooper Financial Group now owns 4,271 shares of the company's stock worth $695,000 after acquiring an additional 703 shares during the last quarter. Institutional investors own 77.34% of the company's stock.

Constellation Brands Trading Down 1.5%

Shares of STZ traded down $2.61 during trading hours on Friday, reaching $167.96. The stock had a trading volume of 1,583,137 shares, compared to its average volume of 1,949,477. Constellation Brands has a 52 week low of $159.35 and a 52 week high of $261.06. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 1.30. The company has a market cap of $29.61 billion, a P/E ratio of -70.47, a P/E/G ratio of 10.32 and a beta of 0.67. The firm has a 50-day moving average of $173.47 and a 200 day moving average of $179.24.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its quarterly earnings results on Tuesday, July 1st. The company reported $3.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.45 by ($0.23). Constellation Brands had a positive return on equity of 31.41% and a negative net margin of 4.11%. The firm had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same period last year, the company posted $3.57 earnings per share. The business's revenue was down 5.5% compared to the same quarter last year. On average, sell-side analysts expect that Constellation Brands will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend is Wednesday, July 30th. Constellation Brands's dividend payout ratio is presently -170.71%.

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.