Constellation Brands, Inc. (NYSE:STZ) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Constellation Brands, Inc. (NYSE:STZ) have received an average recommendation of “Moderate Buy” from the nineteen analysts that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $298.20.

Several research analysts have weighed in on the stock. Roth Mkm reiterated a “buy” rating and issued a $305.00 price target on shares of Constellation Brands in a research report on Friday, April 12th. Evercore ISI lifted their target price on Constellation Brands from $300.00 to $310.00 and gave the company an “outperform” rating in a research report on Friday, April 12th. Argus upgraded Constellation Brands from a “hold” rating to a “buy” rating and set a $306.00 price target for the company in a research report on Monday, April 15th. Piper Sandler started coverage on Constellation Brands in a research note on Friday, March 22nd. They issued an “overweight” rating and a $300.00 price objective on the stock. Finally, Wedbush reiterated an “outperform” rating and set a $300.00 price objective on shares of Constellation Brands in a research note on Wednesday, April 10th.

Constellation Brands Price Performance

Shares of NYSE:STZ opened at $253.50 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.53 and a current ratio of 1.19. The firm has a market cap of $46.39 billion, a price-to-earnings ratio of 27.03, a price-to-earnings-growth ratio of 1.73 and a beta of 0.89. The business has a 50-day simple moving average of $255.35 and a two-hundred day simple moving average of $251.91. Constellation Brands has a fifty-two week low of $227.50 and a fifty-two week high of $274.87.

Constellation Brands (NYSE:STZ) last issued its earnings results on Thursday, April 11th. The company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.16. The company had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Constellation Brands had a net margin of 16.13% and a return on equity of 23.06%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the company posted $1.98 earnings per share. On average, analysts expect that Constellation Brands will post 13.53 earnings per share for the current year.

Constellation Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Friday, May 3rd were issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Thursday, May 2nd. This is a positive change from Constellation Brands’s previous quarterly dividend of $0.89. Constellation Brands’s dividend payout ratio is presently 43.07%.

Insider Buying and Selling at Constellation Brands

In related news, EVP James A. Jr. Sabia sold 15,781 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the transaction, the executive vice president now directly owns 20,910 shares in the company, valued at approximately $5,512,503.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP James A. Jr. Sabia sold 15,781 shares of the business’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the completion of the transaction, the executive vice president now owns 20,910 shares in the company, valued at approximately $5,512,503.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Michael Mcgrew sold 3,237 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $255.50, for a total value of $827,053.50. Following the completion of the transaction, the executive vice president now directly owns 1,731 shares in the company, valued at approximately $442,270.50. The disclosure for this sale can be found here. Insiders have sold 48,031 shares of company stock worth $12,582,321 over the last quarter. Insiders own 12.19% of the company’s stock.

Institutional Trading of Constellation Brands

Large investors have recently modified their holdings of the company. Keynote Financial Services LLC bought a new stake in shares of Constellation Brands in the first quarter valued at about $396,000. IMS Capital Management bought a new stake in shares of Constellation Brands in the 1st quarter valued at about $201,000. EverSource Wealth Advisors LLC raised its holdings in shares of Constellation Brands by 5.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,750 shares of the company’s stock valued at $443,000 after purchasing an additional 96 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Constellation Brands by 1.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 27,385 shares of the company’s stock worth $7,383,000 after purchasing an additional 301 shares during the period. Finally, Tactive Advisors LLC bought a new position in shares of Constellation Brands during the first quarter valued at approximately $217,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.

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 Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.