Constellation Brands Inc (STZ) Receives $198.53 Average PT from Analysts
Shares of Constellation Brands Inc (NYSE:STZ) have been assigned a consensus rating of “Buy” from the twenty ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $198.53.
STZ has been the subject of a number of analyst reports. OTR Global downgraded Constellation Brands to a “positive” rating in a report on Tuesday, March 28th. Royal Bank Of Canada reissued a “buy” rating and issued a $183.00 price target on shares of Constellation Brands in a report on Friday, March 31st. Susquehanna Bancshares Inc reissued a “hold” rating and issued a $158.00 price target on shares of Constellation Brands in a report on Wednesday, April 5th. Pivotal Research increased their price target on Constellation Brands from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, April 6th. Finally, UBS AG increased their price target on Constellation Brands from $162.00 to $176.00 and gave the company a “neutral” rating in a report on Friday, April 7th.
In other news, VP Thomas J. Mullin sold 23,827 shares of the stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $193.64, for a total transaction of $4,613,860.28. Following the sale, the vice president now directly owns 78,524 shares in the company, valued at approximately $15,205,387.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Barry A. Fromberg sold 2,000 shares of the stock in a transaction that occurred on Thursday, July 13th. The stock was sold at an average price of $195.93, for a total value of $391,860.00. Following the sale, the director now owns 22,820 shares in the company, valued at $4,471,122.60. The disclosure for this sale can be found here. Insiders have sold a total of 47,107 shares of company stock worth $9,018,910 over the last quarter. Insiders own 15.59% of the company’s stock.
Several hedge funds have recently made changes to their positions in STZ. Oakbrook Investments LLC bought a new stake in shares of Constellation Brands during the second quarter worth $1,322,000. Rehmann Capital Advisory Group bought a new stake in shares of Constellation Brands during the second quarter worth $288,000. Assenagon Asset Management S.A. bought a new stake in shares of Constellation Brands during the second quarter worth $56,892,000. Aperio Group LLC boosted its stake in shares of Constellation Brands by 13.7% in the second quarter. Aperio Group LLC now owns 75,853 shares of the company’s stock worth $14,695,000 after buying an additional 9,121 shares during the last quarter. Finally, Main Street Research LLC bought a new stake in shares of Constellation Brands during the second quarter worth $331,000. Institutional investors and hedge funds own 75.39% of the company’s stock.
Shares of Constellation Brands (NYSE STZ) traded down 0.09% during trading on Monday, hitting $198.12. The stock had a trading volume of 1,575,833 shares. The firm has a market cap of $38.69 billion, a price-to-earnings ratio of 24.85 and a beta of 0.07. Constellation Brands has a 12-month low of $144.00 and a 12-month high of $199.89. The stock has a 50-day moving average of $188.20 and a 200 day moving average of $169.71.
Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Thursday, June 29th. The company reported $2.34 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.36. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.95 billion. Constellation Brands had a return on equity of 21.57% and a net margin of 19.94%. Constellation Brands’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.54 earnings per share. On average, analysts predict that Constellation Brands will post $8.17 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Monday, August 7th. Constellation Brands’s payout ratio is 26.03%.
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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