By otakuyassine3@gmail.com 
Constellation Brands (NYSE:STZ – Free Report) had its price target hoisted by Barclays from $203.00 to $207.00 in a research report report published on Monday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.
Several other equities analysts have also recently commented on the stock. Piper Sandler cut shares of Constellation Brands from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $245.00 to $200.00 in a research report on Monday, February 3rd. The Goldman Sachs Group decreased their price target on Constellation Brands from $260.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday. Evercore ISI reduced their price objective on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. TD Cowen dropped their target price on shares of Constellation Brands from $270.00 to $260.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Finally, Royal Bank of Canada decreased their price target on shares of Constellation Brands from $293.00 to $289.00 and set an “outperform” rating on the stock in a report on Friday, March 7th. Eleven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $228.50.
Read Our Latest Stock Report on Constellation Brands
Constellation Brands Price Performance
Shares of Constellation Brands stock opened at $187.41 on Monday. The company has a 50-day simple moving average of $177.15 and a two-hundred day simple moving average of $208.21. Constellation Brands has a twelve month low of $160.46 and a twelve month high of $265.70. The stock has a market capitalization of $33.87 billion, a price-to-earnings ratio of 50.38, a price-to-earnings-growth 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 announced its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, beating the consensus estimate 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 quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.26 EPS. Analysts forecast that Constellation Brands will post 13.5 EPS for the current 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 given a $1.02 dividend. The ex-dividend date of this dividend is Tuesday, April 29th. This is a positive change from Constellation Brands’s previous quarterly dividend of $1.01. This represents a $4.08 annualized dividend and a dividend yield of 2.18%. Constellation Brands’s dividend payout ratio (DPR) is -792.16%.
Insider Activity at Constellation Brands
In related news, Director William T. Giles purchased 1,000 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was purchased at an average cost of $186.39 per share, with a total value of $186,390.00. Following the completion of the purchase, the director now owns 1,463 shares in the company, valued at approximately $272,688.57. This trade represents a 215.98 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 12.19% of the stock is owned by corporate insiders.
Institutional Trading of Constellation Brands
Several large investors have recently made changes to their positions in the company. World Investment Advisors LLC grew its position in Constellation Brands by 36.6% in the 3rd quarter. World Investment Advisors LLC now owns 2,550 shares of the company’s stock valued at $657,000 after purchasing an additional 683 shares during the period. Arvest Bank Trust Division acquired a new position in shares of Constellation Brands during the third quarter valued at about $243,000. Wilmington Savings Fund Society FSB grew its holdings in shares of Constellation Brands by 260.7% during the third quarter. Wilmington Savings Fund Society FSB now owns 20,495 shares of the company’s stock valued at $5,281,000 after buying an additional 14,813 shares during the last quarter. Oddo BHF Asset Management Sas bought a new stake in shares of Constellation Brands during the third quarter worth about $223,000. Finally, Copley Financial Group Inc. acquired a new stake in shares of Constellation Brands in the 3rd quarter worth about $455,000. 77.34% of the stock is currently 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.
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