Constellation Brands Inc (NYSE:STZ – Get Free Report) has received an average recommendation of “Hold” from the twenty-three ratings firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $161.67.
A number of research firms have recently commented on STZ. Morgan Stanley lowered their target price on Constellation Brands from $183.00 to $158.00 and set an “equal weight” rating for the company in a research report on Thursday, July 2nd. Barclays reduced their price target on shares of Constellation Brands from $132.00 to $122.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Constellation Brands in a research report on Friday, July 31st. Raymond James Financial set a $150.00 price objective on shares of Constellation Brands in a research note on Thursday, September 17th. Finally, Evercore set a $160.00 target price on shares of Constellation Brands in a report on Monday.
Get Our Latest Stock Report on STZ
Constellation Brands Trading Down 2.0%
Constellation Brands (NYSE:STZ – Get Free Report) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $3.43 EPS for the quarter, missing analysts’ consensus estimates of $3.70 by ($0.27). The firm had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.39 billion. Constellation Brands had a net margin of 18.87% and a return on equity of 25.58%. Constellation Brands’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $3.22 earnings per share. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Equities research analysts predict that Constellation Brands will post 11.84 EPS for the current fiscal year.
Constellation Brands Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th were paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Thursday, July 30th. Constellation Brands’s payout ratio is presently 39.31%.
Institutional Investors Weigh In On Constellation Brands
Several institutional investors have recently modified their holdings of the stock. Ally Financial Inc. bought a new stake in shares of Constellation Brands during the 2nd quarter worth approximately $1,600,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in Constellation Brands in the second quarter worth $31,582,000. Thompson Siegel & Walmsley LLC lifted its position in shares of Constellation Brands by 12.0% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 362,808 shares of the company’s stock worth $50,053,000 after purchasing an additional 38,959 shares during the last quarter. Swedbank AB boosted its stake in shares of Constellation Brands by 108.1% during the fourth quarter. Swedbank AB now owns 63,055 shares of the company’s stock valued at $8,699,000 after purchasing an additional 32,757 shares during the period. Finally, OLD Republic International Corp grew its holdings in shares of Constellation Brands by 76.7% in the fourth quarter. OLD Republic International Corp now owns 193,500 shares of the company’s stock worth $26,695,000 after purchasing an additional 84,000 shares during the last quarter. 77.34% of the stock is owned by institutional investors.
Constellation Brands Company Profile
Constellation Brands, Inc (NYSE: STZ) is a beverage alcohol company that produces, markets and distributes beer, wine and spirits. Its portfolio includes well-known beer brands such as Corona Extra, Modelo Especial, Modelo Negra, Pacifico and Victoria, along with wine brands including Robert Mondavi, The Prisoner, Kim Crawford and Meiomi. Its spirits portfolio includes brands such as Casa Noble tequila and High West whiskey.
The company’s beer business is focused primarily on the United States, where Constellation markets and sells Mexican beer brands brewed by its production operations in Mexico.
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