Barclays Cuts Constellation Brands (NYSE:STZ) Price Target to $214.00

Constellation Brands (NYSE:STZ) had its price objective trimmed by Barclays from $282.00 to $214.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Other equities research analysts also recently issued research reports about the company. Jefferies Financial Group reiterated a “hold” rating and set a $201.00 price objective (down previously from $310.00) on shares of Constellation Brands in a research report on Monday. Bank of America reaffirmed a “neutral” rating and set a $255.00 target price (down from $300.00) on shares of Constellation Brands in a report on Monday, October 7th. Roth Mkm reiterated a “buy” rating and issued a $298.00 price target on shares of Constellation Brands in a research report on Friday, October 4th. TD Cowen cut their price objective on Constellation Brands from $270.00 to $260.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Finally, BNP Paribas assumed coverage on shares of Constellation Brands in a research note on Monday, November 25th. They set a “neutral” rating and a $261.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Constellation Brands currently has a consensus rating of “Moderate Buy” and a consensus target price of $261.40.

Constellation Brands Price Performance

NYSE:STZ opened at $184.66 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 1.25 and a debt-to-equity ratio of 1.31. The business’s 50-day moving average price is $228.73 and its 200 day moving average price is $239.85. Constellation Brands has a 52-week low of $176.51 and a 52-week high of $274.87. The firm has a market cap of $33.53 billion, a P/E ratio of 49.64, a PEG ratio of 1.28 and a beta of 0.91.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Friday, January 10th. The company reported $3.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.33 by ($0.08). Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. The business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same period in the prior year, the firm earned $3.19 EPS. The business’s revenue for the quarter was down .3% on a year-over-year basis. As a group, sell-side analysts predict that Constellation Brands will post 13.72 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is presently 108.60%.

Insider Buying and Selling

In related news, major shareholder Wildstar Partners Llc sold 660 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total value of $159,060.00. Following the transaction, the insider now owns 1,736,884 shares in the company, valued at approximately $418,589,044. This represents a 0.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP James A. Jr. Sabia sold 36,086 shares of Constellation Brands stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $242.99, for a total transaction of $8,768,537.14. Following the completion of the sale, the executive vice president now owns 16,042 shares of the company’s stock, valued at $3,898,045.58. This trade represents a 69.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 69,172 shares of company stock worth $16,778,841. Corporate insiders own 12.19% of the company’s stock.

Institutional Investors Weigh In On Constellation Brands

A number of large investors have recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Constellation Brands in the second quarter worth about $36,000. Eastern Bank bought a new position in shares of Constellation Brands in the 3rd quarter valued at approximately $39,000. Versant Capital Management Inc lifted its holdings in Constellation Brands by 887.5% in the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock worth $35,000 after purchasing an additional 142 shares during the last quarter. FSA Wealth Management LLC bought a new stake in Constellation Brands during the third quarter worth approximately $42,000. Finally, Truvestments Capital LLC acquired a new position in Constellation Brands during the third quarter valued at approximately $60,000. 77.34% of the stock is currently owned by institutional investors.

About Constellation Brands

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.