Barclays Increases Constellation Brands (NYSE:STZ) Price Target to $295.00

Constellation Brands (NYSE:STZ - Free Report) had its target price raised by Barclays from $294.00 to $295.00 in a report published on Monday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other research firms have also issued reports on STZ. Argus raised Constellation Brands from a hold rating to a buy rating and set a $306.00 price target for the company in a research report on Monday. BMO Capital Markets increased their price target on Constellation Brands from $290.00 to $315.00 and gave the company an outperform rating in a report on Friday. JPMorgan Chase & Co. cut their price objective on Constellation Brands from $309.00 to $301.00 and set an overweight rating on the stock in a research report on Thursday, December 21st. UBS Group upped their price objective on Constellation Brands from $312.00 to $320.00 and gave the company a buy rating in a research report on Friday. Finally, Evercore ISI upped their price objective on Constellation Brands from $300.00 to $310.00 and gave the company an outperform rating in a research report on Friday. Three analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $298.55.

Constellation Brands Price Performance

NYSE STZ traded down $3.72 on Monday, reaching $258.52. 1,825,209 shares of the company's stock traded hands, compared to its average volume of 1,265,415. Constellation Brands has a 12 month low of $221.81 and a 12 month high of $274.87. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.19 and a quick ratio of 0.53. The stock has a 50-day simple moving average of $256.84 and a 200 day simple moving average of $246.96. The stock has a market cap of $47.26 billion, a PE ratio of 27.69, a P/E/G ratio of 1.78 and a beta of 0.97.

Constellation Brands (NYSE:STZ - Get Free Report) last released its quarterly earnings results on Thursday, April 11th. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.16. The business had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $2.09 billion. Constellation Brands had a net margin of 16.13% and a return on equity of 23.06%. The firm's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.98 earnings per share. As a group, research analysts predict that Constellation Brands will post 13.43 earnings per share for the current year.

Constellation Brands Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be given a $1.01 dividend. The ex-dividend date is Thursday, May 2nd. This is a boost from Constellation Brands's previous quarterly dividend of $0.89. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.56%. Constellation Brands's dividend payout ratio is 37.95%.

Hedge Funds Weigh In On Constellation Brands

Hedge funds have recently bought and sold shares of the stock. Indiana Trust & Investment Management CO acquired a new position in shares of Constellation Brands during the third quarter worth about $25,000. Impact Partnership Wealth LLC increased its holdings in Constellation Brands by 1,175.0% in the third quarter. Impact Partnership Wealth LLC now owns 102 shares of the company's stock valued at $26,000 after buying an additional 94 shares during the last quarter. BKM Wealth Management LLC bought a new stake in Constellation Brands in the fourth quarter valued at about $28,000. Asset Dedication LLC increased its holdings in Constellation Brands by 3,833.3% in the third quarter. Asset Dedication LLC now owns 118 shares of the company's stock valued at $30,000 after buying an additional 115 shares during the last quarter. Finally, First Financial Corp IN bought a new position in shares of Constellation Brands during the first quarter valued at approximately $35,000. Hedge funds and other 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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.