Constellation Brands Inc (NYSE:STZ – Get Free Report) announced a quarterly dividend on Wednesday, January 7th. Shareholders of record on Thursday, January 29th will be paid a dividend of 1.02 per share on Thursday, February 12th. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, January 29th.
Constellation Brands has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Constellation Brands has a payout ratio of 29.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Constellation Brands to earn $14.44 per share next year, which means the company should continue to be able to cover its $4.08 annual dividend with an expected future payout ratio of 28.3%.
Constellation Brands Stock Up 1.7%
Shares of NYSE STZ opened at $161.55 on Tuesday. Constellation Brands has a 1 year low of $126.45 and a 1 year high of $196.91. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.70 and a current ratio of 1.34. The firm has a market cap of $28.01 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 0.47 and a beta of 0.45. The stock’s 50-day simple moving average is $143.52 and its 200-day simple moving average is $147.51.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on STZ. Citigroup upped their price target on shares of Constellation Brands from $148.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, January 9th. Barclays increased their price objective on Constellation Brands from $147.00 to $148.00 and gave the stock an “equal weight” rating in a research note on Monday, January 12th. Zacks Research upgraded Constellation Brands from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. BMO Capital Markets reissued an “outperform” rating and issued a $190.00 price target on shares of Constellation Brands in a research report on Friday, January 9th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Constellation Brands in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Constellation Brands has an average rating of “Hold” and a consensus target price of $176.91.
View Our Latest Analysis on Constellation Brands
Constellation Brands Company Profile
Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on‑premise and foodservice channels and supports its brands with national sales and marketing platforms and supply‑chain capabilities.
The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.
Featured Articles
- Five stocks we like better than Constellation Brands
- How a Family Trust May Be Able To Help Preserve Your Wealth
- Do not delete, read immediately
- NEW LAW: Congress Approves Setup For Digital Dollar?
- If You Keep Cash In A U.S. Bank Account… Read This NOW
- Executive Order 14330: Trump’s Biggest Yet
Receive News & Ratings for Constellation Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Constellation Brands and related companies with MarketBeat.com's FREE daily email newsletter.
