Brokerages Set Constellation Brands Inc (NYSE:STZ) Price Target at $167.89

Constellation Brands Inc (NYSE:STZ) has been assigned a consensus recommendation of “Hold” from the twenty-two research firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $167.8947.

Several research analysts have commented on the company. Needham & Company LLC reissued a “buy” rating and issued a $185.00 price objective on shares of Constellation Brands in a research report on Thursday, July 2nd. Evercore set a $175.00 target price on Constellation Brands and gave the company an “outperform” rating in a research note on Friday, April 10th. Citigroup reaffirmed a “buy” rating on shares of Constellation Brands in a research report on Monday, May 18th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Constellation Brands in a research note on Wednesday, July 1st. Finally, TD Cowen reissued a “buy” rating and set a $174.00 target price on shares of Constellation Brands in a research report on Wednesday, July 1st.

Constellation Brands Trading Up 1.1%

NYSE:STZ traded up $1.43 on Friday, hitting $133.87. 2,133,042 shares of the stock were exchanged, compared to its average volume of 2,446,262. The stock has a market cap of $23.05 billion, a PE ratio of 12.77, a PEG ratio of 4.18 and a beta of 0.39. The company has a current ratio of 0.91, a quick ratio of 0.48 and a debt-to-equity ratio of 1.06. The stock has a fifty day moving average of $142.33 and a 200-day moving average of $149.73. Constellation Brands has a fifty-two week low of $126.45 and a fifty-two week high of $178.13.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Tuesday, June 30th. The company reported $3.43 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter last year, the business earned $3.22 earnings per share. The business’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 expect that Constellation Brands will post 11.82 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Thursday, July 30th will be issued a $1.03 dividend. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $4.12 dividend on an annualized basis and a yield of 3.1%. Constellation Brands’s dividend payout ratio is currently 39.31%.

Insider Transactions at Constellation Brands

In other news, EVP James O. Bourdeau sold 4,407 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $143.24, for a total transaction of $631,258.68. Following the completion of the sale, the executive vice president owned 9,109 shares of the company’s stock, valued at approximately $1,304,773.16. This trade represents a 32.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Constellation Brands

A number of institutional investors have recently modified their holdings of STZ. MV Capital Management Inc. bought a new position in Constellation Brands during the fourth quarter worth $26,000. Stance Capital LLC acquired a new stake in shares of Constellation Brands during the third quarter worth $26,000. Strive Financial Group LLC bought a new stake in shares of Constellation Brands during the 4th quarter valued at about $27,000. GoalVest Advisory LLC acquired a new stake in Constellation Brands during the fourth quarter worth about $28,000. Finally, Elyxium Wealth LLC bought a new position in Constellation Brands in the fourth quarter worth about $33,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

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.