Constellation Brands Inc (STZ) to Distribute Quarterly Dividend of $1.03 on August 13th

Constellation Brands Inc (NYSE:STZ) announced a quarterly dividend on Tuesday, June 30th. Stockholders of record on Thursday, July 30th will be given a dividend of 1.03 per share on Thursday, August 13th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Thursday, July 30th.

Constellation Brands has increased its dividend payment by an average of 0.1%annually 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 $12.28 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 33.6%.

Constellation Brands Price Performance

Shares of NYSE STZ opened at $129.94 on Tuesday. The stock has a market capitalization of $22.19 billion, a PE ratio of 12.40, a P/E/G ratio of 4.05 and a beta of 0.39. The business has a fifty day moving average price of $139.10 and a two-hundred day moving average price of $149.17. Constellation Brands has a fifty-two week low of $126.45 and a fifty-two week high of $176.32. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.91 and a quick ratio of 0.48.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $3.43 earnings per share for the quarter, missing the consensus estimate of $3.70 by ($0.27). Constellation Brands had a return on equity of 25.58% and a net margin of 18.87%.The firm had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the prior year, the company earned $3.22 EPS. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. As a group, equities analysts predict that Constellation Brands will post 11.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on STZ shares. Piper Sandler reissued a “neutral” rating and set a $160.00 price target on shares of Constellation Brands in a report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft reduced their target price on Constellation Brands from $155.00 to $150.00 and set a “hold” rating on the stock in a report on Thursday, July 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $185.00 price target on shares of Constellation Brands in a research report on Thursday, July 2nd. Barclays reduced their price objective on shares of Constellation Brands from $139.00 to $132.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 21st. Finally, Morgan Stanley dropped their price target on Constellation Brands from $183.00 to $158.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 2nd. Eleven research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $167.53.

Constellation Brands Company Profile

Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on‑premise and foodservice channels and supports its brands with national sales and marketing platforms and supply‑chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.