Susquehanna Bancshares set a $207.00 price objective on Constellation Brands (NYSE:STZ) in a research report released on Sunday morning. The brokerage currently has a hold rating on the stock.

Several other analysts have also commented on the company. Evercore ISI raised their target price on Constellation Brands from $235.00 to $250.00 and gave the stock an outperform rating in a report on Friday, January 5th. Wells Fargo & Co raised their target price on Constellation Brands from $235.00 to $260.00 and gave the stock an outperform rating in a report on Thursday, January 4th. Macquarie raised their target price on Constellation Brands from $246.00 to $250.00 and gave the stock an outperform rating in a report on Wednesday, January 3rd. Zacks Investment Research raised Constellation Brands from a hold rating to a buy rating and set a $249.00 target price on the stock in a report on Monday, December 18th. Finally, Deutsche Bank began coverage on Constellation Brands in a report on Wednesday, December 13th. They set a buy rating and a $244.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $229.00.

Constellation Brands (STZ) traded up $5.24 during trading on Friday, reaching $222.08. The company had a trading volume of 2,331,300 shares, compared to its average volume of 4,055,317. The firm has a market capitalization of $42,920.00, a price-to-earnings ratio of 26.98, a price-to-earnings-growth ratio of 1.42 and a beta of 0.08. Constellation Brands has a 12-month low of $146.71 and a 12-month high of $229.50. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.69 and a current ratio of 1.61.

Constellation Brands (NYSE:STZ) last posted its earnings results on Friday, January 5th. The company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.87 by $0.13. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.87 billion. Constellation Brands had a return on equity of 22.49% and a net margin of 22.55%. During the same period last year, the company earned $1.96 earnings per share. sell-side analysts anticipate that Constellation Brands will post 8.44 earnings per share for the current fiscal year.

Constellation Brands announced that its Board of Directors has approved a stock repurchase plan on Friday, January 5th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 9th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Thursday, February 8th. Constellation Brands’s payout ratio is currently 11.30%.

In other Constellation Brands news, VP Thomas J. Mullin sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $209.45, for a total value of $10,472,500.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Thomas J. Mullin sold 18,227 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $217.01, for a total value of $3,955,441.27. Following the completion of the sale, the vice president now directly owns 72,924 shares in the company, valued at $15,825,237.24. The disclosure for this sale can be found here. 15.59% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Janus Henderson Group PLC lifted its position in shares of Constellation Brands by 4,909.6% in the second quarter. Janus Henderson Group PLC now owns 1,134,716 shares of the company’s stock valued at $219,829,000 after acquiring an additional 1,112,065 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Constellation Brands by 488.5% in the second quarter. The Manufacturers Life Insurance Company now owns 1,192,858 shares of the company’s stock valued at $231,093,000 after acquiring an additional 990,152 shares in the last quarter. Farallon Capital Management LLC purchased a new position in shares of Constellation Brands in the second quarter valued at approximately $135,760,000. Numeric Investors LLC lifted its position in shares of Constellation Brands by 2,217.6% in the second quarter. Numeric Investors LLC now owns 720,771 shares of the company’s stock valued at $139,635,000 after acquiring an additional 689,671 shares in the last quarter. Finally, Capital Research Global Investors purchased a new position in shares of Constellation Brands in the second quarter valued at approximately $70,971,000. 74.86% of the stock is currently owned by institutional investors.

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Constellation Brands Company Profile

Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.

Analyst Recommendations for Constellation Brands (NYSE:STZ)

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