Morgan Stanley Has Lowered Expectations for Constellation Brands (NYSE:STZ) Stock Price

Constellation Brands (NYSE:STZ - Free Report) had its price objective lowered by Morgan Stanley from $202.00 to $195.00 in a research report report published on Friday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other equities analysts have also commented on the stock. Citigroup lowered shares of Constellation Brands from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $260.00 to $200.00 in a report on Thursday, March 20th. Wells Fargo & Company lowered their price objective on Constellation Brands from $230.00 to $210.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Argus lowered Constellation Brands from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Piper Sandler lowered shares of Constellation Brands from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $245.00 to $200.00 in a research note on Monday, February 3rd. Finally, StockNews.com upgraded Constellation Brands from a "sell" rating to a "hold" rating in a research report on Wednesday, April 9th. Eleven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $228.50.

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Constellation Brands Price Performance

STZ traded up $1.78 on Friday, reaching $187.41. 2,025,205 shares of the company's stock were exchanged, compared to its average volume of 1,694,560. 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 stock's fifty day moving average price is $176.86 and its 200-day moving average price is $208.70. Constellation Brands has a twelve month low of $160.46 and a twelve month high of $265.70. The stock has a market cap of $33.87 billion, a PE ratio of 50.38, a P/E/G ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.28 by $0.35. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the previous year, the firm earned $2.26 EPS. The company's quarterly revenue was up 1.2% compared to the same quarter last year. Sell-side analysts expect that Constellation Brands will post 13.5 EPS for the current year.

Constellation Brands Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend is Tuesday, April 29th. This is an increase from Constellation Brands's previous quarterly dividend of $1.01. Constellation Brands's dividend payout ratio (DPR) is currently -792.16%.

Insider Activity

In other Constellation Brands news, Director William T. Giles bought 1,000 shares of the business's stock in a transaction on Friday, January 17th. The stock was bought 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 in the company, valued at approximately $272,688.57. The trade was a 215.98 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 12.19% of the company's stock.

Institutional Investors Weigh In On Constellation Brands

Large investors have recently bought and sold shares of the stock. Mainstream Capital Management LLC acquired a new position in Constellation Brands in the 4th quarter valued at $25,000. SBI Securities Co. Ltd. purchased a new position in Constellation Brands in the fourth quarter valued at about $26,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of Constellation Brands during the 4th quarter valued at about $27,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Constellation Brands during the fourth quarter valued at approximately $28,000. Finally, Minot DeBlois Advisors LLC acquired a new position in Constellation Brands in the 4th quarter worth $29,000. 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.