Constellation Brands (NYSE:STZ) Price Target Lowered to $225.00 at The Goldman Sachs Group

Constellation Brands (NYSE:STZ - Free Report) had its price objective cut by The Goldman Sachs Group from $260.00 to $225.00 in a research note released on Friday,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. Jefferies Financial Group reiterated a "hold" rating and issued a $201.00 price objective (down previously from $310.00) on shares of Constellation Brands in a research note on Monday, January 13th. Roth Mkm dropped their price objective on Constellation Brands from $284.00 to $256.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. StockNews.com upgraded shares of Constellation Brands from a "sell" rating to a "hold" rating in a research note on Wednesday, April 9th. JPMorgan Chase & Co. dropped their price objective on Constellation Brands from $203.00 to $194.00 and set a "neutral" rating on the stock in a report on Friday. Finally, Evercore ISI lowered their price objective on Constellation Brands from $300.00 to $250.00 and set an "outperform" rating on the stock in a research report on Monday, January 13th. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $228.50.

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Constellation Brands Stock Down 0.0 %

Shares of STZ traded down $0.07 on Friday, reaching $187.20. The company's stock had a trading volume of 174,212 shares, compared to its average volume of 1,688,704. Constellation Brands has a twelve month low of $160.46 and a twelve month high of $265.70. The stock has a market capitalization of $33.83 billion, a PE ratio of 50.32, a PEG ratio of 1.52 and a beta of 1.75. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The firm has a fifty day moving average of $177.15 and a 200-day moving average of $208.21.

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

Constellation Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Tuesday, April 29th. This represents a $4.08 annualized dividend and a yield of 2.18%. This is a positive change from Constellation Brands's previous quarterly dividend of $1.01. Constellation Brands's dividend payout ratio (DPR) is currently -792.16%.

Insider Transactions at Constellation Brands

In related news, Director William T. Giles acquired 1,000 shares of the stock in a transaction on Friday, January 17th. The stock was acquired at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the purchase, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 12.19% of the company's stock.

Hedge Funds Weigh In On Constellation Brands

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Constellation Brands by 13.3% during the fourth quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company's stock valued at $3,433,188,000 after purchasing an additional 1,821,969 shares in the last quarter. Capital World Investors grew its holdings in Constellation Brands by 3.4% during the fourth quarter. Capital World Investors now owns 9,755,602 shares of the company's stock valued at $2,155,946,000 after purchasing an additional 324,690 shares during the period. Berkshire Hathaway Inc purchased a new stake in Constellation Brands in the 4th quarter worth approximately $1,242,976,000. Geode Capital Management LLC lifted its position in shares of Constellation Brands by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 3,204,003 shares of the company's stock valued at $705,844,000 after acquiring an additional 63,323 shares in the last quarter. Finally, Capital Research Global Investors grew its holdings in Constellation Brands by 0.6% during the 4th quarter. Capital Research Global Investors now owns 2,901,975 shares of the company's stock valued at $641,336,000 after buying an additional 18,557 shares in the last quarter. 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.