Constellation Brands (NYSE:STZ) Price Target Increased to $295.00 by Analysts at Barclays

Constellation Brands (NYSE:STZ) had its target price hoisted by Barclays from $294.00 to $295.00 in a research report report published on Monday morning, Benzinga reports. They currently have an overweight rating on the stock.

A number of other analysts also recently weighed in on the stock. Evercore ISI boosted their target price on shares of Constellation Brands from $300.00 to $310.00 and gave the stock an outperform rating in a report on Friday. Jefferies Financial Group upped their price target on shares of Constellation Brands from $292.00 to $314.00 and gave the company a buy rating in a report on Friday. Wedbush reiterated an outperform rating and set a $300.00 price target on shares of Constellation Brands in a report on Wednesday, April 10th. Piper Sandler started coverage on shares of Constellation Brands in a report on Friday, March 22nd. They set an overweight rating and a $300.00 price target on the stock. Finally, JPMorgan Chase & Co. cut their price target on shares of Constellation Brands from $309.00 to $301.00 and set an overweight rating on the stock in a report on Thursday, December 21st. Three equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, Constellation Brands has a consensus rating of Moderate Buy and an average target price of $298.55.

Constellation Brands Stock Performance

Constellation Brands stock opened at $258.52 on Monday. The company’s 50-day moving average price is $257.07 and its 200-day moving average price is $247.01. Constellation Brands has a twelve month low of $221.81 and a twelve month high of $274.87. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06. The company has a market cap of $47.26 billion, a PE ratio of 27.56, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97.

Constellation Brands (NYSE:STZ) last posted its earnings results on Thursday, April 11th. The company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.16. Constellation Brands had a net margin of 16.13% and a return on equity of 23.06%. The firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the previous year, the firm posted $1.98 EPS. The business’s quarterly revenue was up 7.1% on a year-over-year basis. On average, equities research analysts forecast that Constellation Brands will post 13.43 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be given a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Thursday, May 2nd. This is a boost from Constellation Brands’s previous quarterly dividend of $0.89. Constellation Brands’s dividend payout ratio is presently 37.95%.

Institutional Investors Weigh In On Constellation Brands

Several hedge funds have recently modified their holdings of the business. Burns Matteson Capital Management LLC lifted its position in shares of Constellation Brands by 1.7% in the 4th quarter. Burns Matteson Capital Management LLC now owns 2,499 shares of the company’s stock worth $604,000 after purchasing an additional 42 shares during the period. 1620 Investment Advisors Inc. lifted its position in Constellation Brands by 1.8% during the fourth quarter. 1620 Investment Advisors Inc. now owns 2,352 shares of the company’s stock valued at $569,000 after acquiring an additional 42 shares during the last quarter. FAS Wealth Partners Inc. lifted its position in Constellation Brands by 3.5% during the fourth quarter. FAS Wealth Partners Inc. now owns 1,277 shares of the company’s stock valued at $309,000 after acquiring an additional 43 shares during the last quarter. Smithfield Trust Co lifted its position in Constellation Brands by 5.3% during the fourth quarter. Smithfield Trust Co now owns 854 shares of the company’s stock valued at $207,000 after acquiring an additional 43 shares during the last quarter. Finally, Copperwynd Financial LLC lifted its position in Constellation Brands by 1.6% during the fourth quarter. Copperwynd Financial LLC now owns 2,779 shares of the company’s stock valued at $672,000 after acquiring an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

About Constellation Brands

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.