Constellation Brands Inc (NYSE:STZ) Given Consensus Rating of “Hold” by Brokerages

Constellation Brands Inc (NYSE:STZ) has been given a consensus recommendation of “Hold” by the twenty-two research firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $167.5263.

STZ has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Constellation Brands from $155.00 to $150.00 and set a “hold” rating for the company in a research note on Thursday, July 2nd. TD Cowen reaffirmed a “buy” rating and set a $174.00 target price on shares of Constellation Brands in a research note on Wednesday, July 1st. Morgan Stanley reduced their target price on shares of Constellation Brands from $183.00 to $158.00 and set an “equal weight” rating on the stock in a report on Thursday, July 2nd. Piper Sandler reissued a “neutral” rating and issued a $160.00 price target on shares of Constellation Brands in a research report on Wednesday, July 1st. Finally, Wells Fargo & Company dropped their price target on shares of Constellation Brands from $185.00 to $170.00 and set an “overweight” rating for the company in a research note on Monday, June 29th.

Constellation Brands Trading Up 0.8%

Shares of NYSE STZ opened at $131.27 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.48 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $22.42 billion, a PE ratio of 12.53, a PEG ratio of 4.05 and a beta of 1.75. Constellation Brands has a twelve month low of $126.45 and a twelve month high of $174.32. The stock has a fifty day simple moving average of $137.28 and a 200-day simple moving average of $148.58.

Constellation Brands (NYSE:STZ) last posted its earnings results on Tuesday, June 30th. The company reported $3.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.70 by ($0.27). Constellation Brands had a return on equity of 25.58% and a net margin of 18.87%.The firm had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same period in the previous year, the company posted $3.22 EPS. Constellation Brands’s 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. On average, equities analysts forecast that Constellation Brands will post 11.84 earnings per share for the current year.

Constellation Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Thursday, July 30th will be issued a $1.03 dividend. The ex-dividend date is Thursday, July 30th. This represents a $4.12 dividend on an annualized basis and a yield of 3.1%. Constellation Brands’s dividend payout ratio (DPR) is 39.31%.

Insider Buying and Selling

In related news, EVP James O. Bourdeau sold 4,407 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $143.24, for a total transaction 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. The trade was a 32.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 12.20% of the stock is owned by insiders.

Institutional Trading of Constellation Brands

A number of large investors have recently made changes to their positions in the company. MV Capital Management Inc. acquired a new position in Constellation Brands during the 4th quarter worth approximately $26,000. Stance Capital LLC acquired a new stake in shares of Constellation Brands in the 3rd quarter valued at $26,000. Strive Financial Group LLC acquired a new stake in shares of Constellation Brands in the 4th quarter valued at $27,000. Elyxium Wealth LLC purchased a new stake in shares of Constellation Brands during the 4th quarter worth $33,000. Finally, Root Financial Partners LLC lifted its position in shares of Constellation Brands by 231.3% during the 1st quarter. Root Financial Partners LLC now owns 222 shares of the company’s stock worth $33,000 after purchasing an additional 155 shares during the last quarter. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Constellation Brands Company Profile

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.