Constellation Brands (NYSE:STZ) Given New $214.00 Price Target at Barclays

Constellation Brands (NYSE:STZ - Free Report) had its target price reduced by Barclays from $282.00 to $214.00 in a report released on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other equities analysts have also commented on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $280.00 price objective on shares of Constellation Brands in a research report on Friday. Jefferies Financial Group reaffirmed a "hold" rating and issued a $201.00 price target (down previously from $310.00) on shares of Constellation Brands in a report on Monday. Royal Bank of Canada reissued an "outperform" rating and set a $308.00 price objective on shares of Constellation Brands in a report on Tuesday, January 7th. BMO Capital Markets lowered their price target on Constellation Brands from $315.00 to $305.00 and set an "outperform" rating for the company in a research report on Tuesday, October 15th. Finally, Morgan Stanley cut their price objective on Constellation Brands from $280.00 to $220.00 and set an "overweight" rating on the stock in a report on Monday. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $261.40.

Constellation Brands Stock Down 2.0 %

STZ traded down $3.73 during trading on Tuesday, hitting $182.18. The stock had a trading volume of 3,354,840 shares, compared to its average volume of 3,271,273. The stock has a 50 day simple moving average of $229.71 and a two-hundred day simple moving average of $240.26. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.53 and a current ratio of 1.25. Constellation Brands has a twelve month low of $176.51 and a twelve month high of $274.87. The company has a market capitalization of $33.08 billion, a PE ratio of 58.96, a PEG ratio of 1.69 and a beta of 1.75.

Constellation Brands (NYSE:STZ - Get Free Report) last posted 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). 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 previous year, the business earned $3.19 EPS. The firm's revenue for the quarter was down .3% compared to the same quarter last year. On average, research analysts predict that Constellation Brands will post 13.57 earnings per share for the current year.

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a dividend of $1.01 per share. The ex-dividend date is Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.22%. Constellation Brands's dividend payout ratio (DPR) is 130.74%.

Insider Buying and Selling

In related news, CEO William A. Newlands sold 7,426 shares of the business's stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $237.24, for a total transaction of $1,761,744.24. Following the transaction, the chief executive officer now directly owns 7,274 shares in the company, valued at approximately $1,725,683.76. The trade was a 50.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP James A. Jr. Sabia sold 36,086 shares of the stock in a transaction dated 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 approximately $3,898,045.58. The trade was a 69.23 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 188,446 shares of company stock valued at $45,687,281. 12.19% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Versant Capital Management Inc raised its position in shares of Constellation Brands by 887.5% during the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company's stock valued at $35,000 after buying an additional 142 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in Constellation Brands in the second quarter valued at $36,000. Eastern Bank purchased a new position in shares of Constellation Brands during the 3rd quarter worth $39,000. FSA Wealth Management LLC purchased a new position in shares of Constellation Brands during the 3rd quarter worth $42,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Constellation Brands during the 3rd quarter worth about $60,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

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.