Constellation Brands (NYSE:STZ) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Constellation Brands (NYSE:STZ) from a sell rating to a hold rating in a research report released on Tuesday.

Other analysts have also recently issued research reports about the stock. Needham & Company LLC reissued a “buy” rating and issued a $215.00 price objective on shares of Constellation Brands in a research note on Thursday, April 10th. Barclays boosted their target price on shares of Constellation Brands from $203.00 to $207.00 and gave the company an “overweight” rating in a report on Monday, April 14th. Morgan Stanley dropped their target price on shares of Constellation Brands from $202.00 to $195.00 and set an “equal weight” rating on the stock in a report on Friday, April 11th. Truist Financial upgraded shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $215.00 target price on the stock in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Constellation Brands from $203.00 to $194.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $225.74.

Constellation Brands Stock Performance

Shares of Constellation Brands stock opened at $189.36 on Tuesday. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. Constellation Brands has a twelve month low of $160.46 and a twelve month high of $265.70. The stock has a market cap of $33.71 billion, a price-to-earnings ratio of 50.90, a P/E/G ratio of 1.52 and a beta of 1.75. The company’s fifty day moving average is $184.44 and its 200 day moving average is $198.63.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.35. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The company had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter in the previous year, the firm posted $2.26 earnings per share. Constellation Brands’s revenue for the quarter was up 1.2% on a year-over-year basis. Sell-side analysts forecast that Constellation Brands will post 13.5 EPS for the current year.

Constellation Brands Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th were given a dividend of $1.02 per share. The ex-dividend date of this dividend was Tuesday, April 29th. This is an increase from Constellation Brands’s previous quarterly dividend of $1.01. This represents a $4.08 annualized dividend and a dividend yield of 2.15%. Constellation Brands’s payout ratio is presently -800.00%.

Insider Transactions at Constellation Brands

In other news, EVP Samuel J. Glaetzer sold 3,150 shares of the business’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $188.54, for a total transaction of $593,901.00. Following the completion of the sale, the executive vice president now directly owns 3,126 shares of the company’s stock, valued at $589,376.04. The trade was a 50.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 12.19% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Constellation Brands

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mainstream Capital Management LLC bought a new stake in shares of Constellation Brands during the fourth quarter worth about $25,000. SBI Securities Co. Ltd. bought a new stake in Constellation Brands in the 4th quarter worth about $26,000. Compagnie Lombard Odier SCmA bought a new stake in Constellation Brands in the 4th quarter worth about $27,000. Union Bancaire Privee UBP SA bought a new stake in Constellation Brands in the 4th quarter worth about $28,000. Finally, Minot DeBlois Advisors LLC bought a new stake in Constellation Brands in the 4th quarter worth about $29,000. 77.34% of the stock is owned by institutional investors.

Constellation Brands Company Profile

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. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.