Vetr lowered shares of Constellation Brands Inc (NYSE:STZ) from a hold rating to a sell rating in a research report sent to investors on Tuesday, May 16th. They currently have $175.98 price target on the stock.
Several other research analysts have also issued reports on STZ. Susquehanna Bancshares Inc set a $147.00 price target on Constellation Brands and gave the stock a hold rating in a research report on Saturday, February 25th. Credit Suisse Group set a $182.00 target price on Constellation Brands and gave the stock a hold rating in a report on Saturday, April 8th. Pivotal Research lifted their target price on Constellation Brands from $200.00 to $220.00 and gave the stock a buy rating in a report on Thursday, April 6th. Cowen and Company reiterated an outperform rating and set a $195.00 target price on shares of Constellation Brands in a report on Monday, April 10th. Finally, Wells Fargo & Company reissued an outperform rating on shares of Constellation Brands in a research note on Monday, April 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Constellation Brands presently has a consensus rating of Buy and a consensus target price of $184.80.
Shares of Constellation Brands (STZ) opened at 180.88 on Tuesday. The stock’s 50 day moving average price is $180.12 and its 200-day moving average price is $163.17. The firm has a market capitalization of $35.23 billion, a price-to-earnings ratio of 24.05 and a beta of 0.31. Constellation Brands has a 12 month low of $144.00 and a 12 month high of $186.55.
Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Thursday, April 6th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.12. Constellation Brands had a return on equity of 19.69% and a net margin of 19.04%. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same period last year, the company earned $1.19 EPS. The firm’s revenue was up 5.5% on a year-over-year basis. On average, equities research analysts predict that Constellation Brands will post $7.95 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 24th. Stockholders of record on Wednesday, May 10th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Monday, May 8th. This is an increase from Constellation Brands’s previous quarterly dividend of $0.40. This represents a $2.08 annualized dividend and a dividend yield of 1.15%. Constellation Brands’s dividend payout ratio is 27.59%.
In other Constellation Brands news, VP Thomas J. Mullin sold 39,854 shares of the company’s stock in a transaction on Wednesday, April 12th. The shares were sold at an average price of $169.55, for a total transaction of $6,757,245.70. Following the sale, the vice president now owns 48,900 shares of the company’s stock, valued at $8,290,995. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Barry A. Fromberg sold 700 shares of the company’s stock in a transaction on Wednesday, April 12th. The shares were sold at an average price of $170.03, for a total transaction of $119,021.00. Following the sale, the director now directly owns 21,520 shares in the company, valued at approximately $3,659,045.60. The disclosure for this sale can be found here. Insiders have sold 61,244 shares of company stock valued at $10,445,048 over the last quarter. Company insiders own 10.63% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Harbour Capital Advisors LLC bought a new position in Constellation Brands during the first quarter worth about $117,000. Quadrant Capital Group LLC boosted its position in Constellation Brands by 3.2% in the first quarter. Quadrant Capital Group LLC now owns 765 shares of the company’s stock worth $115,000 after buying an additional 24 shares during the period. Hanson McClain Inc. boosted its position in Constellation Brands by 0.3% in the first quarter. Hanson McClain Inc. now owns 769 shares of the company’s stock worth $125,000 after buying an additional 2 shares during the period. Tompkins Financial Corp boosted its position in Constellation Brands by 29.4% in the first quarter. Tompkins Financial Corp now owns 770 shares of the company’s stock worth $116,000 after buying an additional 175 shares during the period. Finally, TLP Group LLC bought a new position in Constellation Brands during the third quarter worth about $129,000. 76.77% of the stock is currently owned by institutional investors.
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.
To view Vetr’s full report, visit Vetr’s official website.
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