Constellation Brands Inc (NYSE:STZ) Stock Has Consensus Target Price of $153.09

Shares of Constellation Brands Inc (NYSE:STZ) have received an average rating of “Hold” from the twenty-four analysts that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $153.09.

A number of research analysts have recently commented on STZ shares. Roth Capital reissued a “buy” rating and set a $209.00 target price on shares of Constellation Brands in a research report on Thursday, July 2nd. BNP Paribas Exane lowered their price target on shares of Constellation Brands from $115.00 to $110.00 and set an “underperform” rating for the company in a report on Monday, September 21st. Bank of America dropped their price target on shares of Constellation Brands from $152.00 to $145.00 and set an “underperform” rating on the stock in a research note on Thursday, July 2nd. Citigroup reiterated a “negative” rating on shares of Constellation Brands in a report on Wednesday, October 7th. Finally, Jefferies Financial Group cut their price objective on shares of Constellation Brands from $147.00 to $135.00 and set a “hold” rating on the stock in a report on Monday, September 14th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its holdings in Constellation Brands by 5.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,826,652 shares of the company’s stock worth $274,029,000 after buying an additional 88,538 shares during the period. Bank of America Corp DE boosted its holdings in shares of Constellation Brands by 9.5% in the first quarter. Bank of America Corp DE now owns 1,403,275 shares of the company’s stock worth $210,491,000 after buying an additional 121,515 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Constellation Brands by 18.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,268,672 shares of the company’s stock worth $175,026,000 after buying an additional 200,555 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Constellation Brands by 4.0% in the first quarter. Bank of New York Mellon Corp now owns 1,042,651 shares of the company’s stock worth $156,398,000 after buying an additional 40,124 shares during the period. Finally, Empyrean Capital Partners LP increased its position in shares of Constellation Brands by 3.3% in the first quarter. Empyrean Capital Partners LP now owns 606,200 shares of the company’s stock worth $90,930,000 after acquiring an additional 19,500 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Trading Down 0.2%

Shares of STZ opened at $131.11 on Tuesday. The stock’s 50-day moving average is $125.31 and its two-hundred day moving average is $137.07. The stock has a market cap of $22.19 billion, a PE ratio of 10.83, a P/E/G ratio of 2.69 and a beta of 0.44. Constellation Brands has a 12 month low of $110.60 and a 12 month high of $168.60. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.00 and a quick ratio of 0.53.

Constellation Brands (NYSE:STZ) last issued its earnings results on Tuesday, October 6th. The company reported $3.74 earnings per share for the quarter, topping the consensus estimate of $3.62 by $0.12. Constellation Brands had a return on equity of 24.75% and a net margin of 19.57%. The company had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter in the prior year, the business earned $3.63 earnings per share. The company’s revenue was up 6.1% compared to the same quarter last year. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Equities analysts forecast that Constellation Brands will post 11.85 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, October 30th. Constellation Brands’s payout ratio is presently 36.95%.

About Constellation Brands

Constellation Brands, Inc is a beverage alcohol company that develops, produces, markets and distributes beer, wine and spirits. Its beer portfolio includes Modelo Especial, Corona Extra, Corona Light, Pacifico and Victoria, while its wine and spirits brands include Robert Mondavi, Kim Crawford, Meiomi, The Prisoner Wine Company, Simi, Ruffino, High West and Casa Noble.

The company’s beer business is primarily focused on the United States, where Constellation markets and distributes several leading Mexican beer brands under license from Grupo Modelo.