Brokerages Set Constellation Brands Inc (NYSE:STZ) PT at $167.89

Constellation Brands Inc (NYSE:STZ) has been given an average recommendation of “Hold” by the twenty-two ratings firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $167.8947.

Several equities research analysts have weighed in on the stock. Freedom Capital downgraded shares of Constellation Brands from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Piper Sandler reiterated a “neutral” rating and set a $160.00 price objective on shares of Constellation Brands in a report on Wednesday, July 1st. TD Cowen reissued a “buy” rating and issued a $174.00 price objective on shares of Constellation Brands in a research report on Wednesday, July 1st. Evercore set a $175.00 target price on Constellation Brands and gave the stock an “outperform” rating in a research note on Friday, April 10th. Finally, Bank of America dropped their target price on Constellation Brands from $152.00 to $145.00 and set an “underperform” rating on the stock in a research note on Thursday, July 2nd.

Insider Activity

In related news, EVP James O. Bourdeau sold 4,407 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $143.24, for a total value of $631,258.68. Following the completion of the transaction, the executive vice president directly owned 9,109 shares of the company’s stock, valued at $1,304,773.16. This trade represents a 32.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 12.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC raised its stake in Constellation Brands by 23.0% in the 4th quarter. Brighton Jones LLC now owns 1,001 shares of the company’s stock worth $221,000 after acquiring an additional 187 shares during the last quarter. Woodline Partners LP purchased a new stake in Constellation Brands during the 1st quarter valued at about $2,409,000. Cary Street Partners Financial LLC increased its holdings in shares of Constellation Brands by 69.9% in the second quarter. Cary Street Partners Financial LLC now owns 1,026 shares of the company’s stock valued at $167,000 after purchasing an additional 422 shares during the period. Bank of Nova Scotia increased its holdings in shares of Constellation Brands by 3.6% in the second quarter. Bank of Nova Scotia now owns 17,347 shares of the company’s stock valued at $2,822,000 after purchasing an additional 599 shares during the period. Finally, Daiwa Securities Group Inc. raised its stake in shares of Constellation Brands by 5.0% in the second quarter. Daiwa Securities Group Inc. now owns 23,732 shares of the company’s stock worth $3,861,000 after purchasing an additional 1,127 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Stock Performance

Shares of Constellation Brands stock opened at $132.38 on Friday. The company has a market capitalization of $22.80 billion, a PE ratio of 12.63, a P/E/G ratio of 4.06 and a beta of 0.39. The company has a 50-day simple moving average of $142.66 and a two-hundred day simple moving average of $149.84. Constellation Brands has a one year low of $126.45 and a one year high of $178.13. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.48 and a current ratio of 0.91.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Tuesday, June 30th. The company reported $3.43 earnings per share for the quarter, missing analysts’ consensus estimates of $3.70 by ($0.27). Constellation Brands had a net margin of 18.87% and a return on equity of 25.58%. The firm had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the prior year, the business posted $3.22 earnings per share. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Research analysts expect that Constellation Brands will post 11.82 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Thursday, July 30th will be paid a dividend of $1.03 per share. The ex-dividend date is Thursday, July 30th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.1%. Constellation Brands’s payout ratio is presently 39.31%.

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.