Constellation Brands (NYSE:STZ) Given New $203.00 Price Target at Barclays

Constellation Brands (NYSE:STZ - Free Report) had its target price decreased by Barclays from $205.00 to $203.00 in a research note released on Thursday,Benzinga reports. Barclays currently has an overweight rating on the stock.

Several other brokerages have also recently issued reports on STZ. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $203.00 price objective (down previously from $262.00) on shares of Constellation Brands in a research note on Monday, January 13th. StockNews.com cut Constellation Brands from a "hold" rating to a "sell" rating in a report on Friday, March 14th. Roth Capital cut their price target on Constellation Brands from $298.00 to $284.00 and set a "buy" rating on the stock in a research note on Friday, January 17th. Truist Financial decreased their price objective on Constellation Brands from $255.00 to $190.00 and set a "hold" rating for the company in a report on Tuesday, January 14th. Finally, Evercore ISI dropped their target price on shares of Constellation Brands from $300.00 to $250.00 and set an "outperform" rating on the stock in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $249.18.

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Constellation Brands Trading Down 0.3 %

Shares of NYSE:STZ traded down $0.49 on Thursday, hitting $183.25. 528,943 shares of the company's stock were exchanged, compared to its average volume of 1,623,753. The stock has a market capitalization of $33.12 billion, a price-to-earnings ratio of 49.21, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. Constellation Brands has a 12 month low of $160.46 and a 12 month high of $274.87. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. The business's 50 day simple moving average is $177.19 and its two-hundred day simple moving average is $214.50.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its quarterly earnings data on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing analysts' consensus estimates of $3.33 by ($0.08). The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The company'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 EPS. Analysts anticipate that Constellation Brands will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $1.01 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.04 annualized dividend and a yield of 2.20%. Constellation Brands's dividend payout ratio (DPR) is presently 108.60%.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, Director William T. Giles purchased 1,000 shares of the stock in a transaction on Friday, January 17th. The shares were bought at an average cost of $186.39 per share, with a total value of $186,390.00. Following the completion of the acquisition, the director now owns 1,463 shares in the company, valued at $272,688.57. This trade represents a 215.98 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 12.19% of the company's stock.

Hedge Funds Weigh In On Constellation Brands

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Constellation Brands by 13.3% during the fourth quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company's stock valued at $3,433,188,000 after acquiring an additional 1,821,969 shares in the last quarter. Capital World Investors increased its holdings in shares of Constellation Brands by 3.4% during the 4th quarter. Capital World Investors now owns 9,755,602 shares of the company's stock valued at $2,155,946,000 after purchasing an additional 324,690 shares in the last quarter. State Street Corp lifted its stake in shares of Constellation Brands by 6.0% in the 3rd quarter. State Street Corp now owns 7,144,428 shares of the company's stock valued at $1,841,048,000 after purchasing an additional 402,211 shares during the period. Berkshire Hathaway Inc acquired a new position in shares of Constellation Brands in the 4th quarter valued at $1,242,976,000. Finally, Geode Capital Management LLC boosted its holdings in Constellation Brands by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 3,204,003 shares of the company's stock worth $705,844,000 after buying an additional 63,323 shares in the last quarter. Institutional investors and hedge funds 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.