Constellation Brands, Inc. (NYSE:STZ) Receives Average Recommendation of "Moderate Buy" from Brokerages

Constellation Brands, Inc. (NYSE:STZ - Get Free Report) has received a consensus rating of "Moderate Buy" from the seventeen analysts that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $290.47.

Several equities analysts have commented on the stock. Bank of America reiterated a "neutral" rating and issued a $255.00 price objective (down from $300.00) on shares of Constellation Brands in a report on Monday, October 7th. Truist Financial dropped their price target on Constellation Brands from $265.00 to $255.00 and set a "hold" rating for the company in a report on Friday, October 4th. UBS Group decreased their price objective on Constellation Brands from $320.00 to $295.00 and set a "buy" rating on the stock in a report on Monday, September 9th. JPMorgan Chase & Co. reduced their target price on shares of Constellation Brands from $307.00 to $293.00 and set an "overweight" rating for the company in a research report on Friday, October 4th. Finally, TD Cowen cut shares of Constellation Brands from a "buy" rating to a "hold" rating and lowered their target price for the stock from $300.00 to $270.00 in a report on Tuesday, October 8th.

Insiders Place Their Bets

In other news, EVP Samuel J. Glaetzer sold 1,510 shares of Constellation Brands stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $245.57, for a total transaction of $370,810.70. Following the completion of the transaction, the executive vice president now directly owns 4,970 shares in the company, valued at $1,220,482.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Samuel J. Glaetzer sold 1,510 shares of the company's stock in a transaction on Monday, October 14th. The stock was sold at an average price of $245.57, for a total transaction of $370,810.70. Following the completion of the sale, the executive vice president now owns 4,970 shares in the company, valued at approximately $1,220,482.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO William A. Newlands sold 7,426 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $237.24, for a total value of $1,761,744.24. Following the completion of the sale, the chief executive officer now directly owns 7,274 shares of the company's stock, valued at $1,725,683.76. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 128,210 shares of company stock worth $31,040,994. Insiders own 12.19% of the company's stock.

Institutional Investors Weigh In On Constellation Brands

A number of institutional investors have recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC lifted its position in shares of Constellation Brands by 1.1% during the 1st quarter. Orion Portfolio Solutions LLC now owns 3,676 shares of the company's stock worth $999,000 after buying an additional 39 shares in the last quarter. Oakworth Capital Inc. lifted its holdings in Constellation Brands by 4.4% during the third quarter. Oakworth Capital Inc. now owns 989 shares of the company's stock worth $255,000 after acquiring an additional 42 shares during the period. PFG Investments LLC boosted its position in Constellation Brands by 3.8% in the third quarter. PFG Investments LLC now owns 1,150 shares of the company's stock worth $296,000 after purchasing an additional 42 shares during the last quarter. Brighton Jones LLC boosted its position in Constellation Brands by 4.7% in the second quarter. Brighton Jones LLC now owns 950 shares of the company's stock worth $244,000 after purchasing an additional 43 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. grew its stake in Constellation Brands by 4.4% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 1,049 shares of the company's stock valued at $285,000 after purchasing an additional 44 shares during the period. 77.34% of the stock is owned by institutional investors.

Constellation Brands Stock Up 0.7 %

Shares of NYSE:STZ traded up $1.72 during midday trading on Tuesday, reaching $237.92. The company had a trading volume of 318,457 shares, compared to its average volume of 1,197,630. The business's 50 day moving average price is $244.78 and its 200 day moving average price is $248.51. Constellation Brands has a 1-year low of $224.76 and a 1-year high of $274.87. 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 stock has a market cap of $43.20 billion, a PE ratio of 76.49, a P/E/G ratio of 1.65 and a beta of 1.75.

Constellation Brands (NYSE:STZ - Get Free Report) last released its quarterly earnings data on Thursday, October 3rd. The company reported $4.32 earnings per share for the quarter, topping the consensus estimate of $4.08 by $0.24. Constellation Brands had a net margin of 5.29% and a return on equity of 25.34%. The company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same period in the previous year, the business earned $3.70 EPS. Constellation Brands's revenue for the quarter was up 2.9% compared to the same quarter last year. Research analysts forecast that Constellation Brands will post 13.57 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th will be paid a dividend of $1.01 per share. The ex-dividend date is Tuesday, November 5th. This represents a $4.04 dividend on an annualized basis and a yield of 1.70%. Constellation Brands's dividend payout ratio (DPR) is presently 130.74%.

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.