JPMorgan Chase & Co. Has Lowered Expectations for Constellation Brands (NYSE:STZ) Stock Price

Constellation Brands (NYSE:STZ - Free Report) had its price objective cut by JPMorgan Chase & Co. from $203.00 to $194.00 in a research report released on Friday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities analysts also recently weighed in on the company. UBS Group reduced their price target on Constellation Brands from $265.00 to $223.00 and set a "buy" rating for the company in a research report on Friday, January 17th. Evercore ISI reduced their target price on shares of Constellation Brands from $300.00 to $250.00 and set an "outperform" rating for the company in a report on Monday, January 13th. Wells Fargo & Company cut their price target on shares of Constellation Brands from $230.00 to $210.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Roth Capital decreased their price objective on Constellation Brands from $298.00 to $284.00 and set a "buy" rating for the company in a report on Friday, January 17th. Finally, Piper Sandler lowered Constellation Brands from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $245.00 to $200.00 in a report on Monday, February 3rd. Eleven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Constellation Brands has a consensus rating of "Hold" and a consensus price target of $224.42.

Constellation Brands Stock Down 0.1 %

STZ traded down $0.23 during trading on Friday, reaching $183.63. The company had a trading volume of 515,270 shares, compared to its average volume of 1,689,095. The business's fifty day moving average price is $177.41 and its 200 day moving average price is $208.04. 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 has a 12 month low of $160.46 and a 12 month high of $265.70. The company has a market cap of $33.19 billion, a P/E ratio of 49.36, a PEG ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ - Get Free Report) last released 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 analysts' expectations of $2.14 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. 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. Equities analysts anticipate that Constellation Brands will post 13.5 EPS for the current year.

Constellation Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.22%. This is a positive change from Constellation Brands's previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Tuesday, April 29th. Constellation Brands's dividend payout ratio is currently -800.00%.

Insider Transactions at Constellation Brands

In other Constellation Brands news, Director William T. Giles purchased 1,000 shares of the firm's stock in a transaction that occurred on Friday, January 17th. The shares were acquired at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the purchase, the director now owns 1,463 shares of the company's stock, valued at approximately $272,688.57. The trade was a 215.98 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 12.19% of the company's stock.

Institutional Trading of Constellation Brands

A number of institutional investors have recently bought and sold shares of the business. EP Wealth Advisors LLC bought a new stake in shares of Constellation Brands in the third quarter valued at approximately $207,000. Continuum Advisory LLC lifted its position in shares of Constellation Brands by 68.0% during the 3rd quarter. Continuum Advisory LLC now owns 252 shares of the company's stock valued at $61,000 after acquiring an additional 102 shares during the period. TD Private Client Wealth LLC grew its holdings in shares of Constellation Brands by 29.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 6,385 shares of the company's stock worth $1,645,000 after purchasing an additional 1,439 shares in the last quarter. World Investment Advisors LLC increased its position in shares of Constellation Brands by 36.6% in the third quarter. World Investment Advisors LLC now owns 2,550 shares of the company's stock worth $657,000 after purchasing an additional 683 shares during the period. Finally, Arvest Bank Trust Division bought a new position in shares of Constellation Brands in the third quarter worth $243,000. Institutional investors own 77.34% of the company's stock.

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.