Constellation Brands (NYSE:STZ) Posts Earnings Results

Constellation Brands (NYSE:STZ) posted its quarterly earnings data on Thursday. The company reported $2.26 EPS for the quarter, topping the consensus estimate of $2.10 by $0.16, Briefing.com reports. The company had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.09 billion. Constellation Brands had a net margin of 16.13% and a return on equity of 23.06%. Constellation Brands’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.98 earnings per share. Constellation Brands updated its FY25 guidance to $13.50-13.80 EPS and its FY 2025 guidance to 13.500-13.800 EPS.

Constellation Brands Stock Performance

Shares of NYSE STZ traded down $6.10 during midday trading on Friday, hitting $262.24. 1,629,401 shares of the company’s stock were exchanged, compared to its average volume of 1,318,122. The stock’s 50 day moving average price is $256.84 and its 200-day moving average price is $247.03. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.19 and a quick ratio of 0.46. The firm has a market cap of $47.94 billion, a P/E ratio of 27.96, a PEG ratio of 1.86 and a beta of 0.97. Constellation Brands has a twelve month low of $221.81 and a twelve month high of $274.87.

Constellation Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be paid a dividend of $1.01 per share. This is a positive change from Constellation Brands’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $4.04 annualized dividend and a yield of 1.54%. Constellation Brands’s dividend payout ratio is 37.95%.

Institutional Investors Weigh In On Constellation Brands

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Constellation Brands by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 12,601,280 shares of the company’s stock worth $2,902,327,000 after acquiring an additional 313,344 shares during the period. Morgan Stanley boosted its holdings in shares of Constellation Brands by 31.3% during the fourth quarter. Morgan Stanley now owns 3,809,273 shares of the company’s stock worth $882,799,000 after purchasing an additional 908,486 shares during the period. Moneta Group Investment Advisors LLC grew its position in Constellation Brands by 84,839.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 3,742,434 shares of the company’s stock valued at $867,309,000 after purchasing an additional 3,738,028 shares in the last quarter. Barclays PLC increased its stake in Constellation Brands by 102.0% in the 2nd quarter. Barclays PLC now owns 2,937,570 shares of the company’s stock valued at $723,027,000 after buying an additional 1,483,668 shares during the period. Finally, Geode Capital Management LLC lifted its position in Constellation Brands by 1.8% in the 1st quarter. Geode Capital Management LLC now owns 2,863,322 shares of the company’s stock worth $645,055,000 after buying an additional 50,672 shares in the last quarter. 77.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

STZ has been the topic of a number of research reports. Barclays cut their target price on shares of Constellation Brands from $296.00 to $294.00 and set an “overweight” rating on the stock in a research report on Friday, April 5th. TheStreet downgraded shares of Constellation Brands from a “b” rating to a “c+” rating in a research note on Friday, January 5th. Argus cut shares of Constellation Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. UBS Group lifted their price target on shares of Constellation Brands from $312.00 to $320.00 and gave the company a “buy” rating in a research report on Friday. Finally, Evercore ISI upped their target price on shares of Constellation Brands from $300.00 to $310.00 and gave the company an “outperform” rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $298.11.

Constellation Brands Company Profile

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.