Analysts Set Constellation Brands, Inc. (NYSE:STZ) Price Target at $225.74

Shares of Constellation Brands, Inc. (NYSE:STZ - Get Free Report) have earned a consensus rating of "Moderate Buy" from the twenty research firms that are covering the firm, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $225.74.

A number of analysts recently weighed in on STZ shares. Wall Street Zen raised shares of Constellation Brands from a "sell" rating to a "hold" rating in a research report on Tuesday, May 20th. Needham & Company LLC reaffirmed a "buy" rating and issued a $215.00 target price on shares of Constellation Brands in a research report on Thursday, April 10th. Barclays increased their target price on Constellation Brands from $203.00 to $207.00 and gave the company an "overweight" rating in a research note on Monday, April 14th. Piper Sandler lowered Constellation Brands from an "overweight" rating to a "neutral" rating and reduced their price target for the stock from $245.00 to $200.00 in a research report on Monday, February 3rd. Finally, BMO Capital Markets lowered their price objective on shares of Constellation Brands from $260.00 to $215.00 and set an "outperform" rating for the company in a research report on Friday, April 11th.

Constellation Brands Trading Down 0.9%

Shares of STZ traded down $1.61 during mid-day trading on Friday, hitting $178.10. The company had a trading volume of 3,033,821 shares, compared to its average volume of 1,772,054. Constellation Brands has a 1-year low of $160.46 and a 1-year high of $265.70. The business's 50-day simple moving average is $184.91 and its 200-day simple moving average is $195.66. The stock has a market cap of $31.71 billion, a PE ratio of 47.88, a P/E/G ratio of 1.52 and a beta of 1.75. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26.

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, topping analysts' consensus estimates of $2.28 by $0.35. The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.14 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The company's revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.26 EPS. Sell-side analysts forecast 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 was paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th were given a $1.02 dividend. This is a positive change from Constellation Brands's previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Tuesday, April 29th. This represents a $4.08 annualized dividend and a dividend yield of 2.29%. Constellation Brands's dividend payout ratio (DPR) is presently -800.00%.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands 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 value of $593,901.00. Following the sale, the executive vice president now directly owns 3,126 shares of the company's stock, valued at $589,376.04. This trade represents a 50.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 12.19% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp grew its stake in shares of Constellation Brands by 1,844.7% in the fourth quarter. Van ECK Associates Corp now owns 924,274 shares of the company's stock worth $204,265,000 after purchasing an additional 876,745 shares in the last quarter. Copperleaf Capital LLC acquired a new stake in shares of Constellation Brands in the fourth quarter valued at $343,000. Empowered Funds LLC boosted its stake in Constellation Brands by 62.8% during the fourth quarter. Empowered Funds LLC now owns 16,575 shares of the company's stock valued at $3,663,000 after buying an additional 6,391 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Constellation Brands by 29.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,021 shares of the company's stock valued at $3,566,000 after purchasing an additional 3,660 shares in the last quarter. Finally, Global Wealth Management Investment Advisory Inc. grew its stake in shares of Constellation Brands by 19.6% in the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 9,238 shares of the company's stock worth $2,042,000 after purchasing an additional 1,514 shares during the last quarter. 77.34% of the stock is owned by institutional investors and hedge funds.

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.