Roth Mkm Lowers Constellation Brands (NYSE:STZ) Price Target to $256.00

Constellation Brands (NYSE:STZ - Free Report) had its price target cut by Roth Mkm from $284.00 to $256.00 in a report published on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also recently weighed in on STZ. Truist Financial lowered their price target on Constellation Brands from $255.00 to $190.00 and set a "hold" rating on the stock in a report on Tuesday, January 14th. Wells Fargo & Company lowered their price target on shares of Constellation Brands from $230.00 to $210.00 and set an "overweight" rating for the company in a research note on Wednesday. Roth Capital lowered their price objective on Constellation Brands from $298.00 to $284.00 and set a "buy" rating for the company in a research report on Friday, January 17th. Argus lowered shares of Constellation Brands from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Finally, Piper Sandler lowered Constellation Brands from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $245.00 to $200.00 in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $244.32.

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Constellation Brands Price Performance

STZ traded down $7.70 during trading on Thursday, reaching $173.79. 3,176,710 shares of the company were exchanged, compared to its average volume of 1,648,626. The company's 50-day moving average is $177.14 and its two-hundred day moving average is $212.00. Constellation Brands has a 12-month low of $160.46 and a 12-month high of $274.87. The company has a market cap of $31.41 billion, a price-to-earnings ratio of 46.72, a P/E/G ratio of 1.52 and a beta of 1.75. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its quarterly earnings data on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.08). Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The firm had revenue of $2.46 billion for the quarter, compared to analysts' expectations of $2.53 billion. During the same period in the prior year, the firm posted $3.19 EPS. Constellation Brands's revenue was down .3% on a year-over-year basis. Research analysts forecast that Constellation Brands will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 2.32%. The ex-dividend date was Friday, February 7th. Constellation Brands's dividend payout ratio (DPR) is currently 108.60%.

Insider Activity at Constellation Brands

In other Constellation Brands news, Director William T. Giles acquired 1,000 shares of Constellation Brands stock in a transaction that occurred on Friday, January 17th. The stock was bought at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the acquisition, the director now owns 1,463 shares of the company's stock, valued at $272,688.57. This 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 this hyperlink. 12.19% of the stock is currently owned by insiders.

Institutional Trading of Constellation Brands

Institutional investors have recently made changes to their positions in the stock. Berkshire Hathaway Inc bought a new position in Constellation Brands during the fourth quarter valued at approximately $1,242,976,000. Norges Bank bought a new position in shares of Constellation Brands during the 4th quarter valued at $445,883,000. Vanguard Group Inc. boosted its stake in shares of Constellation Brands by 13.3% in the 4th 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 during the last quarter. D1 Capital Partners L.P. grew its holdings in shares of Constellation Brands by 186.6% in the fourth quarter. D1 Capital Partners L.P. now owns 1,527,689 shares of the company's stock worth $337,619,000 after acquiring an additional 994,639 shares during the period. Finally, Van ECK Associates Corp increased its position in Constellation Brands by 1,844.7% during the fourth quarter. Van ECK Associates Corp now owns 924,274 shares of the company's stock valued at $204,265,000 after acquiring an additional 876,745 shares during the last quarter. Hedge funds and other institutional investors 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.