Shares of Constellation Brands, Inc. (NYSE:STZ) have received a consensus recommendation of “Buy” from the twenty-three analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $217.40.
A number of equities analysts recently weighed in on STZ shares. BidaskClub raised Constellation Brands from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. Macquarie initiated coverage on Constellation Brands in a research note on Thursday, September 14th. They issued an “outperform” rating and a $227.00 price target on the stock. Susquehanna Bancshares reaffirmed a “neutral” rating and set a $193.00 target price (up previously from $169.00) on shares of Constellation Brands in a research note on Monday, October 2nd. Pivotal Research lifted their target price on Constellation Brands from $250.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, October 5th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $230.00 target price on shares of Constellation Brands in a research note on Friday, October 6th.
In other news, VP Thomas J. Mullin sold 50,000 shares of Constellation Brands stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $209.45, for a total transaction of $10,472,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Barry A. Fromberg sold 2,500 shares of Constellation Brands stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $208.00, for a total value of $520,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,662 shares of company stock valued at $15,564,585. 15.59% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of STZ. Schwab Charles Investment Management Inc. increased its position in shares of Constellation Brands by 4.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 542,539 shares of the company’s stock valued at $105,107,000 after purchasing an additional 20,914 shares during the period. First Trust Advisors LP grew its position in Constellation Brands by 372.4% in the second quarter. First Trust Advisors LP now owns 36,149 shares of the company’s stock valued at $7,003,000 after acquiring an additional 28,496 shares during the period. Wedbush Securities Inc. grew its holdings in shares of Constellation Brands by 49.3% during the second quarter. Wedbush Securities Inc. now owns 2,817 shares of the company’s stock worth $546,000 after purchasing an additional 930 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Constellation Brands by 2.0% during the second quarter. Advisors Asset Management Inc. now owns 10,990 shares of the company’s stock worth $2,129,000 after purchasing an additional 211 shares during the last quarter. Finally, LMR Partners LLP grew its holdings in shares of Constellation Brands by 1.9% during the second quarter. LMR Partners LLP now owns 2,559 shares of the company’s stock worth $496,000 after purchasing an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 75.04% of the company’s stock.
Shares of Constellation Brands (NYSE:STZ) traded down $1.43 on Thursday, reaching $218.58. The company had a trading volume of 1,104,700 shares, compared to its average volume of 1,454,673. The stock has a market cap of $43,035.49, a PE ratio of 26.67, a P/E/G ratio of 1.42 and a beta of 0.08. Constellation Brands has a 1 year low of $144.00 and a 1 year high of $227.20. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.61 and a quick ratio of 0.69.
Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Thursday, October 5th. The company reported $2.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.17 by $0.30. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Constellation Brands had a return on equity of 22.81% and a net margin of 21.47%. Constellation Brands’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the business posted $1.77 EPS. equities analysts anticipate that Constellation Brands will post 8.43 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Monday, November 6th. This represents a $2.08 annualized dividend and a dividend yield of 0.95%. Constellation Brands’s dividend payout ratio is 10.67%.
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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.
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