Analysts Set Constellation Brands Inc (NYSE:STZ) Price Target at $176.91

Shares of Constellation Brands Inc (NYSE:STZ) have earned a consensus recommendation of “Hold” from the twenty-three analysts that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $176.9091.

Several research analysts have recently weighed in on the stock. Sanford C. Bernstein boosted their price target on shares of Constellation Brands from $195.00 to $197.00 and gave the company an “outperform” rating in a report on Friday, January 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Constellation Brands in a research note on Tuesday, January 6th. Citigroup lifted their price objective on shares of Constellation Brands from $148.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, January 9th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $160.00 target price on shares of Constellation Brands in a research note on Monday, December 15th. Finally, Weiss Ratings raised Constellation Brands from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, February 5th.

Hedge Funds Weigh In On Constellation Brands

Institutional investors and hedge funds have recently bought and sold shares of the business. Capital International Investors lifted its position in shares of Constellation Brands by 48.5% in the fourth quarter. Capital International Investors now owns 6,442,600 shares of the company’s stock worth $888,930,000 after purchasing an additional 2,105,546 shares in the last quarter. Norges Bank purchased a new position in Constellation Brands during the fourth quarter valued at approximately $267,798,000. Ameriprise Financial Inc. grew its position in Constellation Brands by 650.6% during the second quarter. Ameriprise Financial Inc. now owns 1,769,741 shares of the company’s stock valued at $287,889,000 after purchasing an additional 1,533,961 shares in the last quarter. Berkshire Hathaway Inc grew its position in Constellation Brands by 11.6% during the second quarter. Berkshire Hathaway Inc now owns 13,400,000 shares of the company’s stock valued at $2,179,912,000 after purchasing an additional 1,391,000 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its stake in Constellation Brands by 39.6% in the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,675,855 shares of the company’s stock valued at $597,988,000 after buying an additional 1,042,904 shares during the period. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Price Performance

Shares of STZ traded down $0.14 during trading hours on Monday, hitting $146.33. 267,319 shares of the company were exchanged, compared to its average volume of 2,543,486. The company has a market capitalization of $25.38 billion, a PE ratio of 23.08, a PEG ratio of 0.41 and a beta of 0.44. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.34 and a quick ratio of 0.70. The firm has a fifty day simple moving average of $154.43 and a 200-day simple moving average of $144.87. Constellation Brands has a one year low of $126.45 and a one year high of $196.91.

Constellation Brands (NYSE:STZ) last announced its earnings results on Wednesday, January 7th. The company reported $3.06 EPS for the quarter, beating the consensus estimate of $2.63 by $0.43. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.17 billion. Constellation Brands had a return on equity of 29.15% and a net margin of 11.08%.Constellation Brands’s revenue was down 9.8% compared to the same quarter last year. During the same period in the prior year, the business posted $3.25 earnings per share. Constellation Brands has set its FY 2026 guidance at 11.300-11.600 EPS. As a group, sell-side analysts predict that Constellation Brands will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, January 29th were paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, January 29th. Constellation Brands’s dividend payout ratio is currently 64.35%.

About Constellation Brands

Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on?premise and foodservice channels and supports its brands with national sales and marketing platforms and supply?chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.