Analysts Set Constellation Brands, Inc. (NYSE:STZ) PT at $254.29

Shares of Constellation Brands, Inc. (NYSE:STZ - Get Free Report) have received a consensus rating of "Moderate Buy" from the twenty-one analysts that are currently covering the stock, Marketbeat reports. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $254.29.

Several equities analysts have issued reports on the stock. Piper Sandler cut shares of Constellation Brands from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $245.00 to $200.00 in a research note on Monday, February 3rd. TD Cowen lowered their price objective on shares of Constellation Brands from $270.00 to $260.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. UBS Group dropped their target price on shares of Constellation Brands from $265.00 to $223.00 and set a "buy" rating on the stock in a report on Friday, January 17th. StockNews.com upgraded shares of Constellation Brands from a "sell" rating to a "hold" rating in a research note on Thursday, February 13th. Finally, Evercore ISI dropped their price target on Constellation Brands from $300.00 to $250.00 and set an "outperform" rating on the stock in a research note on Monday, January 13th.

Constellation Brands Stock Up 2.1 %

Shares of NYSE:STZ traded up $3.67 on Thursday, hitting $176.00. 3,974,076 shares of the company traded hands, compared to its average volume of 2,579,730. The stock has a 50 day simple moving average of $194.29 and a 200-day simple moving average of $225.88. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The company has a market cap of $31.81 billion, a PE ratio of 47.31, a PEG ratio of 1.52 and a beta of 0.90. Constellation Brands has a 52 week low of $160.46 and a 52 week high of $274.87.

Constellation Brands (NYSE:STZ - Get Free Report) last released 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 firm 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 firm's revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.19 earnings per share. As a group, research analysts expect that Constellation Brands will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend was Friday, February 7th. Constellation Brands's dividend payout ratio is currently 108.60%.

Insiders Place Their Bets

In other Constellation Brands news, Director William T. Giles bought 1,000 shares of the business's stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the transaction, the director now owns 1,463 shares of the company's stock, valued at $272,688.57. This trade represents a 215.98 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 12.19% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

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