Constellation Brands Inc (STZ) – What Are Researchers Saying About This Stock?

Shares of Constellation Brands Inc (NYSE:STZ) have been given an average recommendation of “Hold” by the twenty-three ratings firms that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $154.09.

Several brokerages have commented on STZ. BNP Paribas Exane dropped their target price on shares of Constellation Brands from $115.00 to $110.00 and set an “underperform” rating on the stock in a report on Monday, September 21st. Wells Fargo & Company reduced their price target on shares of Constellation Brands from $170.00 to $140.00 and set an “overweight” rating for the company in a report on Monday, October 5th. Sanford C. Bernstein reduced their price target on shares of Constellation Brands from $197.00 to $180.00 and set an “outperform” rating for the company in a report on Monday, September 28th. Piper Sandler set a $125.00 price objective on shares of Constellation Brands in a research report on Thursday, October 8th. Finally, Weiss Ratings lowered shares of Constellation Brands from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th.

Constellation Brands Stock Down 0.9%

Shares of Constellation Brands stock opened at $144.15 on Friday. The company has a market capitalization of $24.39 billion, a P/E ratio of 12.93, a price-to-earnings-growth ratio of 2.98 and a beta of 0.39. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.00 and a quick ratio of 0.53. The business has a 50-day moving average of $126.97 and a two-hundred day moving average of $141.22. Constellation Brands has a 1 year low of $110.60 and a 1 year high of $168.60.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Tuesday, October 6th. The company reported $3.74 earnings per share for the quarter, beating the consensus estimate of $3.62 by $0.12. Constellation Brands had a return on equity of 24.75% and a net margin of 19.57%. The business had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter in the previous year, the business posted $3.63 EPS. Constellation Brands’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 analysts predict that Constellation Brands will post 11.85 EPS for the current year.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, October 30th. Constellation Brands’s dividend payout ratio is 36.95%.

Institutional Trading of Constellation Brands

A number of institutional investors have recently modified their holdings of STZ. Dimensional Fund Advisors LP grew its holdings in shares of Constellation Brands by 5.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,826,652 shares of the company’s stock worth $274,029,000 after buying an additional 88,538 shares in the last quarter. Bank of America Corp DE lifted its stake in Constellation Brands by 9.5% in the 1st quarter. Bank of America Corp DE now owns 1,403,275 shares of the company’s stock valued at $210,491,000 after acquiring an additional 121,515 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Constellation Brands by 4.0% during the 1st quarter. Bank of New York Mellon Corp now owns 1,042,651 shares of the company’s stock worth $156,398,000 after acquiring an additional 40,124 shares during the last quarter. Empyrean Capital Partners LP boosted its position in Constellation Brands by 3.3% during the 1st quarter. Empyrean Capital Partners LP now owns 606,200 shares of the company’s stock worth $90,930,000 after acquiring an additional 19,500 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in Constellation Brands by 5.7% during the 1st quarter. Janus Henderson Group PLC now owns 585,891 shares of the company’s stock worth $87,884,000 after acquiring an additional 31,749 shares during the last quarter. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Company Profile

Constellation Brands is a beverage alcohol company focused on beer, wine and spirits. Its beer portfolio includes Modelo Especial, Corona Extra and Pacifico, which it markets in the United States under its agreement with Grupo Modelo. The company also owns premium wine and spirits brands, including Robert Mondavi Winery and The Prisoner Wine Company. Its products reach consumers primarily in the United States, with operations and distribution extending to other markets. Founded in 1945 as Canandaigua Wine Company in New York, the business grew through brand development and acquisitions before adopting the Constellation Brands name.