Constellation Brands Inc (NYSE:STZ) Receives $165.14 Average Price Target from Analysts

Constellation Brands Inc (NYSE:STZ) has been given an average rating of “Hold” by the twenty-three ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and twelve have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $165.1429.

A number of equities analysts recently issued reports on STZ shares. Morgan Stanley dropped their target price on shares of Constellation Brands from $183.00 to $158.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 2nd. Raymond James Financial set a $150.00 target price on Constellation Brands in a report on Thursday. JPMorgan Chase & Co. lowered their target price on Constellation Brands from $169.00 to $165.00 and set a “neutral” rating for the company in a research note on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Constellation Brands from $150.00 to $136.00 and set a “hold” rating on the stock in a report on Friday, September 11th. Finally, Jefferies Financial Group reduced their target price on shares of Constellation Brands from $147.00 to $135.00 and set a “hold” rating on the stock in a research report on Monday, September 14th.

Constellation Brands Stock Performance

Shares of STZ stock opened at $119.03 on Friday. The firm has a market cap of $20.33 billion, a P/E ratio of 11.36, a PEG ratio of 2.36 and a beta of 0.41. The stock’s 50-day moving average is $130.51 and its two-hundred day moving average is $141.67. Constellation Brands has a fifty-two week low of $118.91 and a fifty-two week high of $168.60. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.91 and a quick ratio of 0.48.

Constellation Brands (NYSE:STZ) last posted its earnings results on Tuesday, June 30th. The company reported $3.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.70 by ($0.27). The business had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.39 billion. Constellation Brands had a net margin of 18.87% and a return on equity of 25.58%. Constellation Brands’s revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $3.22 earnings per share. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Analysts predict that Constellation Brands will post 11.84 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, July 30th were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Thursday, July 30th. Constellation Brands’s dividend payout ratio (DPR) is 39.31%.

Institutional Investors Weigh In On Constellation Brands

A number of institutional investors and hedge funds have recently added to or reduced their stakes in STZ. MV Capital Management Inc. acquired a new position in Constellation Brands during the fourth quarter valued at approximately $26,000. Elyxium Wealth LLC bought a new position in shares of Constellation Brands during the fourth quarter worth $33,000. Root Financial Partners LLC grew its holdings in shares of Constellation Brands by 231.3% in the 1st quarter. Root Financial Partners LLC now owns 222 shares of the company’s stock valued at $33,000 after buying an additional 155 shares during the period. Cedar Mountain Advisors LLC bought a new stake in shares of Constellation Brands in the 1st quarter valued at $33,000. Finally, Continuum Advisory LLC bought a new stake in shares of Constellation Brands in the 2nd quarter valued at $33,000. Institutional investors own 77.34% of the company’s stock.

About Constellation Brands

Constellation Brands, Inc (NYSE: STZ) is a beverage alcohol company that produces, markets and distributes beer, wine and spirits. Its portfolio includes well-known beer brands such as Corona Extra, Modelo Especial, Modelo Negra, Pacifico and Victoria, along with wine brands including Robert Mondavi, The Prisoner, Kim Crawford and Meiomi. Its spirits portfolio includes brands such as Casa Noble tequila and High West whiskey.

The company’s beer business is focused primarily on the United States, where Constellation markets and sells Mexican beer brands brewed by its production operations in Mexico.