Constellation Brands, Inc. (NYSE:STZ) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Constellation Brands, Inc. (NYSE:STZ - Get Free Report) has earned an average recommendation of "Moderate Buy" from the twenty ratings firms that are currently covering the company, MarketBeat.com reports. Ten analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $224.42.

STZ has been the subject of a number of research analyst reports. Citigroup dropped their target price on shares of Constellation Brands from $200.00 to $190.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Roth Mkm decreased their price objective on Constellation Brands from $284.00 to $256.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Truist Financial dropped 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. JPMorgan Chase & Co. decreased their price target on Constellation Brands from $203.00 to $194.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Finally, Piper Sandler cut Constellation Brands from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $245.00 to $200.00 in a report on Monday, February 3rd.

Constellation Brands Trading Up 0.3 %

Shares of STZ stock opened at $187.48 on Tuesday. The company has a market capitalization of $33.88 billion, a P/E ratio of 50.40, a P/E/G ratio of 1.52 and a beta of 1.75. Constellation Brands has a 12-month low of $160.46 and a 12-month high of $265.70. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The firm has a 50-day moving average price of $182.15 and a 200 day moving average price of $202.01.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.28 by $0.35. The company had revenue of $2.13 billion during the quarter, compared to analysts' expectations of $2.14 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. Constellation Brands's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.26 earnings per share. Research analysts forecast that Constellation Brands will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Tuesday, April 29th. This is a boost from Constellation Brands's previous quarterly dividend of $1.01. Constellation Brands's payout ratio is -800.00%.

Institutional Trading of Constellation Brands

A number of large investors have recently bought and sold shares of STZ. Gallacher Capital Management LLC bought a new stake in shares of Constellation Brands during the first quarter worth $484,000. RD Lewis Holdings Inc. acquired a new position in Constellation Brands in the 1st quarter worth $215,000. Heritage Investors Management Corp increased its holdings in Constellation Brands by 7.7% during the 1st quarter. Heritage Investors Management Corp now owns 138,214 shares of the company's stock worth $25,365,000 after purchasing an additional 9,898 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Constellation Brands by 174.1% in the 1st quarter. IFP Advisors Inc now owns 5,761 shares of the company's stock valued at $1,057,000 after purchasing an additional 3,659 shares during the period. Finally, Copperwynd Financial LLC lifted its holdings in shares of Constellation Brands by 36.7% in the first quarter. Copperwynd Financial LLC now owns 3,931 shares of the company's stock valued at $721,000 after purchasing an additional 1,055 shares in the last quarter. 77.34% of the stock is owned by institutional investors.

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.

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