Constellation Brands (NYSE:STZ) Price Target Cut to $203.00 by Analysts at Barclays

Constellation Brands (NYSE:STZ) had its price objective reduced by Barclays from $205.00 to $203.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

STZ has been the topic of several other reports. Wells Fargo & Company lowered their price objective on shares of Constellation Brands from $295.00 to $275.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Truist Financial lowered their price target on Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a report on Tuesday, January 14th. UBS Group reduced their price objective on Constellation Brands from $265.00 to $223.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Jefferies Financial Group reaffirmed a “hold” rating and set a $201.00 target price (down previously from $310.00) on shares of Constellation Brands in a research note on Monday, January 13th. Finally, Morgan Stanley lowered shares of Constellation Brands from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $220.00 to $202.00 in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Constellation Brands currently has an average rating of “Hold” and a consensus target price of $249.18.

Constellation Brands Trading Up 0.1 %

NYSE:STZ opened at $184.35 on Thursday. The stock has a fifty day simple moving average of $177.20 and a 200 day simple moving average of $215.45. The firm has a market capitalization of $33.32 billion, a price-to-earnings ratio of 49.56, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. Constellation Brands has a 1-year low of $160.46 and a 1-year high of $274.87. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26.

Constellation Brands (NYSE:STZ) last announced its earnings results on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.08). The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.19 earnings per share. Sell-side analysts forecast that Constellation Brands will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date was Friday, February 7th. Constellation Brands’s dividend payout ratio is 108.60%.

Insider Buying and Selling

In other news, Director William T. Giles purchased 1,000 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were bought at an average price of $186.39 per share, with a total value of $186,390.00. Following the completion of the transaction, the director now directly owns 1,463 shares in the company, valued at $272,688.57. This trade represents a 215.98 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 12.19% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of STZ. Mainstream Capital Management LLC bought a new stake in Constellation Brands during the fourth quarter valued at about $25,000. SBI Securities Co. Ltd. acquired a new position in shares of Constellation Brands during the 4th quarter worth about $26,000. Compagnie Lombard Odier SCmA bought a new stake in Constellation Brands during the 4th quarter valued at approximately $27,000. Union Bancaire Privee UBP SA acquired a new stake in Constellation Brands in the 4th quarter valued at approximately $28,000. Finally, Minot DeBlois Advisors LLC bought a new position in Constellation Brands in the 4th quarter worth approximately $29,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

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.