Constellation Brands (NYSE:STZ) Trading Up 3.1% - Should You Buy?

Constellation Brands, Inc. (NYSE:STZ - Get Free Report) rose 3.1% during mid-day trading on Wednesday . The company traded as high as $184.01 and last traded at $183.91. Approximately 847,221 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 1,572,297 shares. The stock had previously closed at $178.36.

Wall Street Analysts Forecast Growth

STZ has been the subject of several recent analyst reports. Morgan Stanley cut shares of Constellation Brands from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $220.00 to $202.00 in a research report on Thursday, February 27th. StockNews.com lowered Constellation Brands from a "hold" rating to a "sell" rating in a research report on Friday, March 14th. Wells Fargo & Company cut their target price on Constellation Brands from $295.00 to $275.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 7th. UBS Group lowered their target price on Constellation Brands from $265.00 to $223.00 and set a "buy" rating for the company in a report on Friday, January 17th. Finally, Truist Financial cut 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. 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. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $249.18.

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Constellation Brands Price Performance

The firm has a market cap of $33.20 billion, a P/E ratio of 49.38, a P/E/G ratio of 1.52 and a beta of 1.75. The company has a fifty day moving average of $177.19 and a 200-day moving average of $214.74. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its earnings results 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 during the quarter, compared to analysts' expectations of $2.53 billion. During the same quarter in the prior year, the company earned $3.19 EPS. The business's revenue for the quarter was down .3% on a year-over-year basis. On average, sell-side analysts anticipate that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 2.20%. The ex-dividend date was Friday, February 7th. Constellation Brands's dividend payout ratio is presently 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 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 purchase, the director now directly owns 1,463 shares of the company's stock, valued at $272,688.57. This trade represents a 215.98 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 12.19% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Constellation Brands

Hedge funds have recently made changes to their positions in the business. Mainstream Capital Management LLC bought a new stake in Constellation Brands in the fourth quarter worth about $25,000. SBI Securities Co. Ltd. purchased a new stake in shares of Constellation Brands during the 4th quarter worth approximately $26,000. Compagnie Lombard Odier SCmA bought a new stake in shares of Constellation Brands in the 4th quarter worth approximately $27,000. Union Bancaire Privee UBP SA bought a new stake in shares of Constellation Brands in the 4th quarter worth approximately $28,000. Finally, Minot DeBlois Advisors LLC purchased a new position in Constellation Brands in the fourth quarter valued at approximately $29,000. 77.34% of the stock is currently owned by institutional investors.

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.