Constellation Brands (NYSE:STZ) had its price target boosted by Wells Fargo & Co from $270.00 to $275.00 in a research report released on Friday, MarketBeat.com reports. Wells Fargo & Co currently has an outperform rating on the stock.
A number of other analysts have also issued reports on STZ. OTR Global lowered Constellation Brands to a positive rating in a research report on Friday, June 15th. ValuEngine raised Constellation Brands from a hold rating to a buy rating in a research report on Thursday, June 28th. Pivotal Research reaffirmed a buy rating and set a $285.00 target price on shares of Constellation Brands in a research report on Friday, June 29th. Stifel Nicolaus dropped their target price on Constellation Brands from $230.00 to $224.00 and set a hold rating on the stock in a research report on Monday, July 2nd. Finally, Morgan Stanley dropped their target price on Constellation Brands from $262.00 to $258.00 and set a buy rating on the stock in a research report on Tuesday, July 3rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Constellation Brands presently has a consensus rating of Buy and an average price target of $246.18.
NYSE:STZ opened at $228.67 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.77 and a current ratio of 1.81. Constellation Brands has a 12 month low of $198.85 and a 12 month high of $236.62. The stock has a market capitalization of $41.23 billion, a price-to-earnings ratio of 26.22, a P/E/G ratio of 2.13 and a beta of 0.01.
Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Thursday, October 4th. The company reported $2.87 EPS for the quarter, beating the consensus estimate of $2.60 by $0.27. Constellation Brands had a return on equity of 19.81% and a net margin of 31.51%. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same period last year, the company posted $2.47 earnings per share. The firm’s revenue was up 10.1% compared to the same quarter last year. Equities research analysts anticipate that Constellation Brands will post 9.29 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Tuesday, November 6th will be paid a $0.74 dividend. The ex-dividend date of this dividend is Monday, November 5th. This represents a $2.96 dividend on an annualized basis and a yield of 1.29%. Constellation Brands’s dividend payout ratio (DPR) is 10.67%.
A number of large investors have recently bought and sold shares of the stock. Essex Financial Services Inc. grew its stake in Constellation Brands by 10.2% in the second quarter. Essex Financial Services Inc. now owns 2,696 shares of the company’s stock worth $590,000 after purchasing an additional 250 shares in the last quarter. ELCO Management Co. LLC grew its stake in Constellation Brands by 6.6% in the second quarter. ELCO Management Co. LLC now owns 4,120 shares of the company’s stock worth $902,000 after purchasing an additional 255 shares in the last quarter. Spinnaker Trust grew its stake in Constellation Brands by 1.8% in the second quarter. Spinnaker Trust now owns 14,476 shares of the company’s stock worth $3,167,000 after purchasing an additional 259 shares in the last quarter. 180 Wealth Advisors LLC grew its stake in Constellation Brands by 15.8% in the first quarter. 180 Wealth Advisors LLC now owns 1,958 shares of the company’s stock worth $444,000 after purchasing an additional 267 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in Constellation Brands by 1.1% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 24,072 shares of the company’s stock worth $5,269,000 after purchasing an additional 270 shares in the last quarter. Institutional investors and hedge funds own 73.49% of the company’s stock.
Constellation Brands Company Profile
Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company sells wine across various categories, including table wine, sparkling wine, and dessert wine. It provides beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Obregon Brewery, and Ballast Point brands.
See Also: Return on Equity (ROE)
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