Brokerages Set Constellation Brands, Inc. (STZ) Price Target at $226.55
Constellation Brands, Inc. (NYSE:STZ) has been assigned an average recommendation of “Buy” from the twenty-three brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $229.00.
Several equities analysts recently issued reports on STZ shares. Royal Bank of Canada reiterated a “buy” rating and issued a $226.00 price objective on shares of Constellation Brands in a research report on Sunday, November 12th. Macquarie started coverage on Constellation Brands in a research report on Thursday, September 14th. They issued an “outperform” rating and a $227.00 price objective for the company. Zacks Investment Research upgraded Constellation Brands from a “hold” rating to a “buy” rating and set a $249.00 price objective for the company in a research report on Monday, December 18th. Deutsche Bank began coverage on Constellation Brands in a research report on Wednesday, December 13th. They set a “buy” rating and a $244.00 price target for the company. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $230.00 price target on shares of Constellation Brands in a research report on Friday, October 6th.
In other news, VP Thomas J. Mullin sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $209.45, for a total transaction of $10,472,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Thomas J. Mullin sold 18,227 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $217.01, for a total value of $3,955,441.27. Following the sale, the vice president now owns 72,924 shares in the company, valued at approximately $15,825,237.24. The disclosure for this sale can be found here. Corporate insiders own 15.59% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Veritable L.P. raised its stake in shares of Constellation Brands by 1.8% during the 2nd quarter. Veritable L.P. now owns 3,447 shares of the company’s stock worth $668,000 after purchasing an additional 61 shares in the last quarter. Princeton Portfolio Strategies Group LLC raised its stake in shares of Constellation Brands by 3.3% during the 2nd quarter. Princeton Portfolio Strategies Group LLC now owns 2,352 shares of the company’s stock worth $456,000 after purchasing an additional 75 shares in the last quarter. Thrivent Financial For Lutherans raised its stake in shares of Constellation Brands by 1.4% during the 2nd quarter. Thrivent Financial For Lutherans now owns 6,440 shares of the company’s stock worth $1,248,000 after purchasing an additional 90 shares in the last quarter. Synovus Financial Corp raised its stake in shares of Constellation Brands by 7.6% during the 2nd quarter. Synovus Financial Corp now owns 1,295 shares of the company’s stock worth $250,000 after purchasing an additional 91 shares in the last quarter. Finally, WFG Advisors LP raised its stake in shares of Constellation Brands by 7.3% during the 2nd quarter. WFG Advisors LP now owns 1,364 shares of the company’s stock worth $264,000 after purchasing an additional 93 shares in the last quarter. Institutional investors own 74.86% of the company’s stock.
Shares of Constellation Brands (STZ) traded down $0.31 on Monday, hitting $219.05. The company had a trading volume of 2,095,904 shares, compared to its average volume of 1,980,000. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.61 and a quick ratio of 0.69. Constellation Brands has a 1-year low of $146.71 and a 1-year high of $229.50. The firm has a market cap of $42,890.00, a price-to-earnings ratio of 26.62, a PEG ratio of 1.42 and a beta of 0.08.
Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Friday, January 5th. The company reported $2.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.13. Constellation Brands had a return on equity of 22.49% and a net margin of 22.55%. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the firm earned $1.96 EPS. research analysts anticipate that Constellation Brands will post 8.44 EPS for the current fiscal year.
Constellation Brands announced that its Board of Directors has initiated a share repurchase program on Friday, January 5th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 9th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, February 8th. Constellation Brands’s dividend payout ratio (DPR) is currently 11.30%.
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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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