Constellation Brands Inc (NYSE:STZ) Shareholders to Collect $1.03 Quarterly Dividend

Constellation Brands Inc (NYSE:STZ – Get Free Report) declared a quarterly dividend on Tuesday, October 6th. Investors of record on Friday, October 30th will be paid a dividend of $1.03 per share on Friday, November 13th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Friday, October 30th.

Constellation Brands has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 5 years. Constellation Brands has a payout ratio of 29.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Constellation Brands to earn $12.19 per share next year, which means the company should continue to be able to cover its $4.12 annual dividend with an expected future payout ratio of 33.8%.

Constellation Brands Stock Up 2.7%

STZ stock opened at $116.36 on Wednesday. Constellation Brands has a 52 week low of $110.60 and a 52 week high of $168.60. The business has a 50-day simple moving average of $126.30 and a 200 day simple moving average of $138.65. The company has a quick ratio of 0.48, a current ratio of 0.91 and a debt-to-equity ratio of 1.06. The company has a market cap of $19.87 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 2.25 and a beta of 1.75.

Constellation Brands (NYSE:STZ – Get Free Report) last announced its quarterly earnings data on Tuesday, October 6th. The company reported $3.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.55 by $0.19. Constellation Brands had a net margin of 18.87% and a return on equity of 25.58%. The firm had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same period in the prior year, the company posted $3.63 earnings per share. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Sell-side analysts anticipate that Constellation Brands will post 11.81 EPS for the current fiscal year.

Analyst Ratings Changes

STZ has been the topic of a number of research analyst reports. Raymond James Financial set a $150.00 target price on shares of Constellation Brands in a research report on Thursday, September 17th. Wells Fargo & Company lowered their target price on Constellation Brands from $170.00 to $140.00 and set an “overweight” rating for the company in a report on Monday. Royal Bank Of Canada reissued an “outperform” rating and set a $185.00 price target on shares of Constellation Brands in a research note on Friday, October 2nd. Morgan Stanley reduced their price target on Constellation Brands from $183.00 to $158.00 and set an “equal weight” rating on the stock in a report on Thursday, July 2nd. Finally, BNP Paribas Exane lowered their price objective on Constellation Brands from $115.00 to $110.00 and set an “underperform” rating for the company in a research note on Monday, September 21st. Ten research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $157.40.

View Our Latest Stock Report on STZ

Constellation Brands Company Profile

(Get Free Report)

Constellation Brands, Inc is a beverage alcohol company that develops, markets and distributes beer, wine and spirits. Its portfolio includes well-known beer brands such as Modelo Especial, Corona Extra, Corona Light and Pacifico, along with wine brands including Robert Mondavi, Kim Crawford, Meiomi, The Prisoner Wine Company and Ruffino.

The company also offers spirits through brands such as Casa Noble tequila and High West whiskey. Constellation’s products are sold through retailers, distributors, restaurants and other on-premise locations, with a primary focus on the United States.

See Also

Dividend History for Constellation Brands (NYSE:STZ)

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