Constellation Brands, Inc. (NYSE:STZ) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Constellation Brands, Inc. (NYSE:STZGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the nineteen analysts that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $289.24.

STZ has been the topic of a number of recent research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $295.00 price target on shares of Constellation Brands in a research note on Friday. TheStreet lowered shares of Constellation Brands from a “b” rating to a “c+” rating in a report on Friday, January 5th. Jefferies Financial Group began coverage on shares of Constellation Brands in a research note on Monday, November 13th. They issued a “buy” rating and a $292.00 price target for the company. JPMorgan Chase & Co. decreased their target price on Constellation Brands from $309.00 to $301.00 and set an “overweight” rating for the company in a report on Thursday, December 21st. Finally, Argus lowered Constellation Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th.

View Our Latest Report on Constellation Brands

Insider Activity

In other news, major shareholder Family Foundation Sands sold 354,616 shares of the stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $250.26, for a total value of $88,746,200.16. Following the completion of the sale, the insider now directly owns 54,461 shares of the company’s stock, valued at $13,629,409.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 16.19% of the company’s stock.

Institutional Investors Weigh In On Constellation Brands

Several hedge funds have recently made changes to their positions in STZ. Kestra Private Wealth Services LLC lifted its position in Constellation Brands by 17.2% in the third quarter. Kestra Private Wealth Services LLC now owns 17,218 shares of the company’s stock valued at $4,327,000 after purchasing an additional 2,526 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Constellation Brands by 15.3% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,433 shares of the company’s stock valued at $8,151,000 after buying an additional 4,311 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Constellation Brands by 5.0% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 137,790 shares of the company’s stock valued at $33,914,000 after buying an additional 6,535 shares in the last quarter. Narwhal Capital Management grew its holdings in Constellation Brands by 6.7% during the second quarter. Narwhal Capital Management now owns 14,233 shares of the company’s stock worth $3,503,000 after acquiring an additional 892 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in Constellation Brands by 16.4% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,333 shares of the company’s stock worth $555,000 after acquiring an additional 328 shares in the last quarter. Institutional investors and hedge funds own 88.99% of the company’s stock.

Constellation Brands Stock Down 0.2 %

STZ stock opened at $242.55 on Friday. Constellation Brands has a one year low of $210.15 and a one year high of $273.65. The firm has a market cap of $44.34 billion, a PE ratio of 28.70, a PEG ratio of 1.89 and a beta of 0.96. The firm’s 50 day moving average price is $245.07 and its 200-day moving average price is $248.46. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.46 and a current ratio of 1.05.

Constellation Brands (NYSE:STZGet Free Report) last posted its quarterly earnings data on Friday, January 5th. The company reported $3.19 earnings per share for the quarter, topping analysts’ consensus estimates of $3.03 by $0.16. The firm had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.54 billion. Constellation Brands had a net margin of 14.76% and a return on equity of 23.35%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the company posted $2.83 EPS. On average, equities research analysts anticipate that Constellation Brands will post 11.88 EPS for the current year.

Constellation Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th will be issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Wednesday, February 7th. Constellation Brands’s payout ratio is 42.13%.

About Constellation Brands

(Get Free Report

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.

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Analyst Recommendations for Constellation Brands (NYSE:STZ)

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