Constellation Brands (NYSE:STZ) Price Target Raised to $151.00

Constellation Brands (NYSE:STZFree Report) had its price objective lifted by Barclays from $148.00 to $151.00 in a research note released on Thursday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Other analysts have also issued research reports about the stock. Weiss Ratings upgraded shares of Constellation Brands from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, February 5th. Needham & Company LLC restated a “buy” rating and issued a $180.00 price target on shares of Constellation Brands in a report on Thursday. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Constellation Brands from $162.00 to $154.00 and set a “hold” rating for the company in a research note on Monday, March 30th. JPMorgan Chase & Co. upped their price objective on shares of Constellation Brands from $155.00 to $163.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, UBS Group raised their target price on Constellation Brands from $168.00 to $176.00 and gave the company a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $178.50.

Read Our Latest Stock Analysis on Constellation Brands

Constellation Brands Stock Down 0.1%

Shares of NYSE:STZ opened at $151.03 on Thursday. Constellation Brands has a 1 year low of $126.45 and a 1 year high of $196.91. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.34 and a quick ratio of 0.70. The business’s 50-day moving average is $154.81 and its 200-day moving average is $144.83. The company has a market capitalization of $26.19 billion, a price-to-earnings ratio of 23.82, a P/E/G ratio of 0.42 and a beta of 0.44.

Constellation Brands (NYSE:STZGet Free Report) last issued its earnings results on Wednesday, January 7th. The company reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $0.43. Constellation Brands had a return on equity of 29.15% and a net margin of 11.08%.The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the previous year, the company posted $3.25 earnings per share. The firm’s revenue for the quarter was down 9.8% on a year-over-year basis. Constellation Brands has set its FY 2026 guidance at 11.300-11.600 EPS. Equities research analysts predict that Constellation Brands will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, January 29th were given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, January 29th. Constellation Brands’s dividend payout ratio is presently 64.35%.

Institutional Trading of Constellation Brands

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital International Investors grew its position in Constellation Brands by 48.5% during the fourth quarter. Capital International Investors now owns 6,442,600 shares of the company’s stock worth $888,930,000 after buying an additional 2,105,546 shares in the last quarter. Norges Bank purchased a new position in shares of Constellation Brands during the 4th quarter valued at about $267,798,000. Ameriprise Financial Inc. lifted its position in Constellation Brands by 650.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,769,741 shares of the company’s stock worth $287,889,000 after buying an additional 1,533,961 shares during the last quarter. Berkshire Hathaway Inc boosted its stake in Constellation Brands by 11.6% in the second quarter. Berkshire Hathaway Inc now owns 13,400,000 shares of the company’s stock worth $2,179,912,000 after buying an additional 1,391,000 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Constellation Brands by 14.0% in the fourth quarter. Wellington Management Group LLP now owns 6,018,653 shares of the company’s stock worth $830,333,000 after buying an additional 739,393 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands News Roundup

Here are the key news stories impacting Constellation Brands this week:

About Constellation Brands

(Get Free Report)

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.

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Analyst Recommendations for Constellation Brands (NYSE:STZ)

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