By otakuyassine3@gmail.com 
Constellation Brands (NYSE:STZ – Free Report) had its price target reduced by Wells Fargo & Company from $230.00 to $210.00 in a research report report published on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.
A number of other equities research analysts have also issued reports on STZ. Truist Financial reduced their price target on Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a research report on Tuesday, January 14th. Barclays decreased their price objective on shares of Constellation Brands from $205.00 to $203.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. Roth Capital dropped their target price on Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Argus downgraded Constellation Brands from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $203.00 price objective (down from $262.00) on shares of Constellation Brands in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Constellation Brands currently has an average rating of “Hold” and a consensus price target of $244.32.
Constellation Brands Trading Down 4.2 %
NYSE STZ opened at $173.79 on Wednesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. The firm has a market cap of $31.41 billion, a price-to-earnings ratio of 46.72, a PEG ratio of 1.52 and a beta of 1.75. The firm has a 50 day simple moving average of $177.14 and a 200-day simple moving average of $212.55. Constellation Brands has a one year low of $160.46 and a one year high of $274.87.
Constellation Brands (NYSE:STZ – Get Free Report) last issued its quarterly earnings results on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.08). Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.53 billion. During the same period in the prior year, the business earned $3.19 EPS. The business’s quarterly revenue was down .3% on a year-over-year basis. Equities research analysts anticipate that Constellation Brands will post 13.5 EPS for the current fiscal year.
Constellation Brands Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend was Friday, February 7th. Constellation Brands’s dividend payout ratio is currently 108.60%.
Insider Activity at Constellation Brands
In related news, Director William T. Giles bought 1,000 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were acquired at an average price of $186.39 per share, with a total value of $186,390.00. Following the completion of the acquisition, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.19% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Constellation Brands
Several hedge funds have recently modified their holdings of STZ. Mainstream Capital Management LLC purchased a new position in Constellation Brands during the 4th quarter worth $25,000. SBI Securities Co. Ltd. acquired a new position in shares of Constellation Brands during the fourth quarter worth about $26,000. Compagnie Lombard Odier SCmA purchased a new position in Constellation Brands during the fourth quarter worth about $27,000. Union Bancaire Privee UBP SA acquired a new stake in Constellation Brands in the fourth quarter valued at about $28,000. Finally, Minot DeBlois Advisors LLC purchased a new stake in Constellation Brands in the 4th quarter valued at approximately $29,000. 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.
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