Constellation Brands Inc (NYSE:STZ) Stock Has Consensus Target Price of $153.09

Constellation Brands Inc (NYSE:STZ) has been given an average recommendation of “Hold” by the twenty-four research firms that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $153.09.

Several equities analysts have recently issued reports on STZ shares. Weiss Ratings lowered Constellation Brands from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. TD Cowen lowered their price target on Constellation Brands from $174.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, September 17th. Raymond James Financial set a $150.00 price objective on Constellation Brands in a research report on Thursday, September 17th. Roth Capital reaffirmed a “buy” rating and issued a $209.00 price objective on shares of Constellation Brands in a research note on Thursday, July 2nd. Finally, The Goldman Sachs Group set a $155.00 price objective on Constellation Brands in a research note on Wednesday, October 7th.

Constellation Brands Stock Performance

Shares of Constellation Brands stock opened at $131.27 on Tuesday. The company has a 50 day moving average of $125.35 and a 200-day moving average of $137.30. Constellation Brands has a 1-year low of $110.60 and a 1-year high of $168.60. The company has a current ratio of 1.00, a quick ratio of 0.53 and a debt-to-equity ratio of 1.02. The company has a market cap of $22.21 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 2.69 and a beta of 0.44.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Tuesday, October 6th. The company reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $0.12. Constellation Brands had a net margin of 19.57% and a return on equity of 24.75%. The business had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same quarter last year, the business posted $3.63 EPS. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. As a group, equities research analysts forecast that Constellation Brands will post 11.85 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be paid a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $4.12 annualized dividend and a yield of 3.1%. Constellation Brands’s payout ratio is presently 36.95%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ables Iannone Moore & Associates Inc. grew its position in shares of Constellation Brands by 105.2% in the 3rd quarter. Ables Iannone Moore & Associates Inc. now owns 16,904 shares of the company’s stock valued at $1,911,000 after buying an additional 8,667 shares during the last quarter. Ally Financial Inc. acquired a new stake in shares of Constellation Brands in the second quarter valued at about $1,600,000. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Constellation Brands during the second quarter worth about $31,582,000. Concurrent Investment Advisors LLC raised its position in shares of Constellation Brands by 1,613.6% during the second quarter. Concurrent Investment Advisors LLC now owns 27,915 shares of the company’s stock worth $3,883,000 after acquiring an additional 26,286 shares during the last quarter. Finally, CORDA Investment Management LLC. raised its position in shares of Constellation Brands by 12.6% during the first quarter. CORDA Investment Management LLC. now owns 140,050 shares of the company’s stock worth $21,008,000 after acquiring an additional 15,694 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Company Profile

Constellation Brands, Inc is a beverage alcohol company that develops, markets and distributes beer, wine and spirits. Its portfolio includes well-known beer brands such as Modelo Especial, Corona Extra, Corona Light and Pacifico, along with wine brands including Robert Mondavi, Kim Crawford, Meiomi, The Prisoner Wine Company and Ruffino.

The company also offers spirits through brands such as Casa Noble tequila and High West whiskey. Constellation’s products are sold through retailers, distributors, restaurants and other on-premise locations, with a primary focus on the United States.