Shares of Constellation Brands Inc (NYSE:STZ) have earned a consensus rating of “Buy” from the twenty-one brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $216.00.
STZ has been the topic of a number of recent research reports. Wells Fargo & Company restated an “outperform” rating and issued a $216.00 target price (up previously from $215.00) on shares of Constellation Brands in a research note on Saturday, July 22nd. Goldman Sachs Group, Inc. (The) cut Constellation Brands from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $212.00 to $210.00 in a report on Monday, July 24th. BidaskClub cut Constellation Brands from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $220.00 price target on shares of Constellation Brands in a report on Wednesday, August 2nd. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $230.00 price target on shares of Constellation Brands in a report on Thursday, August 3rd.
Constellation Brands (NYSE:STZ) traded down $1.05 during trading on Friday, reaching $216.29. The company’s stock had a trading volume of 848,218 shares, compared to its average volume of 1,055,997. The company has a current ratio of 1.61, a quick ratio of 0.69 and a debt-to-equity ratio of 1.01. The stock has a market cap of $42,307.84, a P/E ratio of 26.22, a PEG ratio of 1.39 and a beta of 0.10. Constellation Brands has a twelve month low of $144.00 and a twelve month high of $227.20.
Constellation Brands (NYSE:STZ) last issued its earnings results on Thursday, October 5th. The company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.30. Constellation Brands had a return on equity of 22.81% and a net margin of 21.47%. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the prior year, the business earned $1.77 earnings per share. The company’s revenue was up 3.1% compared to the same quarter last year. analysts expect that Constellation Brands will post 8.43 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th will be given a $0.52 dividend. The ex-dividend date of this dividend is Monday, November 6th. This represents a $2.08 annualized dividend and a yield of 0.96%. Constellation Brands’s payout ratio is 23.85%.
In other news, EVP William F. Hackett sold 12,517 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $197.00, for a total transaction of $2,465,849.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Thomas J. Mullin sold 18,227 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $217.01, for a total value of $3,955,441.27. Following the transaction, the vice president now owns 72,924 shares of the company’s stock, valued at $15,825,237.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 86,179 shares of company stock valued at $18,030,434. Company insiders own 15.59% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in STZ. LS Investment Advisors LLC raised its stake in shares of Constellation Brands by 0.8% in the second quarter. LS Investment Advisors LLC now owns 4,958 shares of the company’s stock valued at $961,000 after acquiring an additional 39 shares in the last quarter. North Star Investment Management Corp. raised its stake in Constellation Brands by 11.6% in the second quarter. North Star Investment Management Corp. now owns 748 shares of the company’s stock valued at $145,000 after buying an additional 78 shares in the last quarter. Oakbrook Investments LLC acquired a new stake in Constellation Brands in the second quarter valued at $1,322,000. Wright Investors Service Inc. raised its stake in Constellation Brands by 22.4% in the second quarter. Wright Investors Service Inc. now owns 10,788 shares of the company’s stock valued at $2,090,000 after buying an additional 1,975 shares in the last quarter. Finally, Forsta AP Fonden acquired a new stake in Constellation Brands in the second quarter valued at $7,284,000. Institutional investors and hedge funds own 74.38% of the company’s stock.
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Constellation Brands Company Profile
Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.
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