A number of other equities research analysts also recently weighed in on STZ. ValuEngine raised Constellation Brands from a hold rating to a buy rating in a report on Thursday, June 28th. SunTrust Banks downgraded Constellation Brands from a buy rating to a hold rating and decreased their price objective for the company from $260.00 to $220.00 in a report on Monday, September 10th. Morgan Stanley decreased their price objective on Constellation Brands from $262.00 to $258.00 and set a buy rating on the stock in a report on Tuesday, July 3rd. Susquehanna Bancshares downgraded Constellation Brands from a neutral rating to a negative rating and decreased their price objective for the company from $199.00 to $169.00 in a report on Monday, August 20th. Finally, Bank of America decreased their price objective on Constellation Brands from $250.00 to $230.00 and set a buy rating on the stock in a report on Thursday, August 16th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Constellation Brands currently has a consensus rating of Buy and a consensus price target of $246.53.
STZ stock opened at $225.69 on Friday. Constellation Brands has a twelve month low of $198.85 and a twelve month high of $236.62. The stock has a market cap of $41.23 billion, a P/E ratio of 25.88, a PEG ratio of 2.13 and a beta of 0.01. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.77 and a current ratio of 1.81.
Constellation Brands (NYSE:STZ) last released its earnings results on Thursday, October 4th. The company reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.60 by $0.27. Constellation Brands had a return on equity of 19.81% and a net margin of 31.51%. The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same period last year, the business earned $2.47 earnings per share. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, sell-side analysts predict that Constellation Brands will post 9.29 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Tuesday, November 6th will be given a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 1.31%. The ex-dividend date is Monday, November 5th. Constellation Brands’s dividend payout ratio (DPR) is presently 10.67%.
A number of hedge funds have recently bought and sold shares of the stock. Essex Financial Services Inc. raised its position in Constellation Brands by 10.2% in the 2nd quarter. Essex Financial Services Inc. now owns 2,696 shares of the company’s stock worth $590,000 after purchasing an additional 250 shares during the last quarter. ELCO Management Co. LLC raised its position in Constellation Brands by 6.6% in the 2nd quarter. ELCO Management Co. LLC now owns 4,120 shares of the company’s stock worth $902,000 after purchasing an additional 255 shares during the last quarter. Spinnaker Trust raised its position in Constellation Brands by 1.8% in the 2nd quarter. Spinnaker Trust now owns 14,476 shares of the company’s stock worth $3,167,000 after purchasing an additional 259 shares during the last quarter. 180 Wealth Advisors LLC raised its position in Constellation Brands by 15.8% in the 1st quarter. 180 Wealth Advisors LLC now owns 1,958 shares of the company’s stock worth $444,000 after purchasing an additional 267 shares during the last quarter. Finally, First Allied Advisory Services Inc. raised its position in Constellation Brands by 7.2% in the 1st quarter. First Allied Advisory Services Inc. now owns 4,012 shares of the company’s stock worth $921,000 after purchasing an additional 269 shares during the last quarter. Hedge funds and other institutional investors own 73.49% of the company’s stock.
About Constellation Brands
Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company sells wine across various categories, including table wine, sparkling wine, and dessert wine. It provides beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Obregon Brewery, and Ballast Point brands.
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