UBS Group Trims Constellation Brands (NYSE:STZ) Target Price to $270.00

Constellation Brands (NYSE:STZGet Rating) had its target price trimmed by UBS Group from $285.00 to $270.00 in a report released on Tuesday, The Fly reports. The firm currently has a buy rating on the stock.

A number of other research analysts have also recently commented on the company. Morgan Stanley upped their price objective on Constellation Brands from $294.00 to $298.00 and gave the company an overweight rating in a report on Tuesday. Truist Financial boosted their target price on Constellation Brands from $213.00 to $245.00 and gave the company a hold rating in a research report on Friday, April 8th. Wells Fargo & Company boosted their target price on Constellation Brands from $275.00 to $280.00 and gave the company an overweight rating in a research report on Wednesday, June 8th. Credit Suisse Group boosted their target price on Constellation Brands from $278.00 to $295.00 and gave the company an outperform rating in a research report on Friday, April 8th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Constellation Brands from $250.00 to $248.00 in a research report on Tuesday. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Constellation Brands presently has an average rating of Moderate Buy and a consensus price target of $269.27.

STZ opened at $239.35 on Tuesday. Constellation Brands has a one year low of $207.35 and a one year high of $261.52. The stock has a market capitalization of $45.05 billion, a PE ratio of -1,329.72, a P/E/G ratio of 1.96 and a beta of 1.06. The business’s 50 day moving average price is $243.82 and its 200 day moving average price is $237.51. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.65 and a current ratio of 1.23.

Constellation Brands (NYSE:STZGet Rating) last released its quarterly earnings data on Thursday, April 7th. The company reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.22. Constellation Brands had a positive return on equity of 16.43% and a negative net margin of 0.42%. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same period in the prior year, the firm posted $1.82 earnings per share. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, equities research analysts forecast that Constellation Brands will post 11.13 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 19th. Stockholders of record on Thursday, May 5th were given a dividend of $0.80 per share. The ex-dividend date was Wednesday, May 4th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.34%. This is a positive change from Constellation Brands’s previous quarterly dividend of $0.14. Constellation Brands’s dividend payout ratio is currently -516.67%.

In related news, EVP James O. Bourdeau sold 12,860 shares of the stock in a transaction on Friday, April 22nd. The stock was sold at an average price of $254.24, for a total value of $3,269,526.40. Following the transaction, the executive vice president now owns 1,628 shares of the company’s stock, valued at $413,902.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeremy S. G. Fowden sold 7,574 shares of the stock in a transaction on Friday, April 8th. The shares were sold at an average price of $240.38, for a total value of $1,820,638.12. Following the completion of the transaction, the director now directly owns 18,501 shares in the company, valued at approximately $4,447,270.38. The disclosure for this sale can be found here. Insiders sold 25,822 shares of company stock worth $6,451,256 in the last three months. 16.19% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Core Wealth Advisors Inc. acquired a new position in Constellation Brands in the fourth quarter valued at $25,000. Curi Wealth Management LLC acquired a new position in Constellation Brands in the fourth quarter valued at $25,000. Wagner Wealth Management LLC acquired a new position in Constellation Brands in the fourth quarter valued at $26,000. MCF Advisors LLC acquired a new position in Constellation Brands in the first quarter valued at $25,000. Finally, Cassady Schiller Wealth Management LLC acquired a new position in Constellation Brands in the fourth quarter valued at $32,000. Institutional investors own 74.99% of the company’s stock.

Constellation Brands Company Profile (Get Rating)

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. It provides beer primarily under the Corona Extra, Corona Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands.

Read More

The Fly logo

Analyst Recommendations for Constellation Brands (NYSE:STZ)

Receive News & Ratings for Constellation Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Constellation Brands and related companies with MarketBeat.com's FREE daily email newsletter.