Jefferies Financial Group Cuts Constellation Brands (NYSE:STZ) Price Target to $135.00

Constellation Brands (NYSE:STZ) had its target price trimmed by Jefferies Financial Group from $147.00 to $135.00 in a report released on Monday morning, MarketBeat.com reports. The firm currently has a hold rating on the stock.

A number of other equities analysts have also issued reports on the company. BMO Capital Markets restated an “outperform” rating and issued a $190.00 target price on shares of Constellation Brands in a research note on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft dropped their price target on Constellation Brands from $150.00 to $136.00 and set a “hold” rating on the stock in a research note on Friday, September 11th. Freedom Capital lowered Constellation Brands from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Needham & Company LLC restated a “buy” rating and issued a $185.00 price objective on shares of Constellation Brands in a research note on Thursday, July 2nd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Constellation Brands in a research note on Friday, July 31st. Twelve research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $167.10.

Constellation Brands Stock Down 0.5%

NYSE:STZ opened at $123.05 on Monday. The company has a market cap of $21.01 billion, a PE ratio of 11.74, a P/E/G ratio of 2.45 and a beta of 0.41. Constellation Brands has a twelve month low of $120.25 and a twelve month high of $168.60. The company has a current ratio of 0.91, a quick ratio of 0.48 and a debt-to-equity ratio of 1.06. The company’s 50 day moving average is $131.00 and its two-hundred day moving average is $142.18.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $3.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.70 by ($0.27). Constellation Brands had a net margin of 18.87% and a return on equity of 25.58%. The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the previous year, the company posted $3.22 EPS. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Analysts anticipate that Constellation Brands will post 11.84 EPS for the current year.

Constellation Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, July 30th were given a dividend of $1.03 per share. The ex-dividend date was Thursday, July 30th. This represents a $4.12 dividend on an annualized basis and a yield of 3.3%. Constellation Brands’s payout ratio is currently 39.31%.

Institutional Investors Weigh In On Constellation Brands

Several hedge funds have recently added to or reduced their stakes in the business. Clearstead Trust LLC raised its holdings in shares of Constellation Brands by 14.2% during the fourth quarter. Clearstead Trust LLC now owns 548 shares of the company’s stock worth $76,000 after acquiring an additional 68 shares in the last quarter. HB Wealth Management LLC raised its stake in shares of Constellation Brands by 0.7% in the 1st quarter. HB Wealth Management LLC now owns 10,795 shares of the company’s stock valued at $1,619,000 after acquiring an additional 72 shares in the last quarter. Chicago Partners Investment Group LLC lifted its stake in shares of Constellation Brands by 4.3% in the first quarter. Chicago Partners Investment Group LLC now owns 1,888 shares of the company’s stock worth $296,000 after buying an additional 77 shares during the last quarter. Rexford Capital Inc. lifted its position in Constellation Brands by 4.0% during the 1st quarter. Rexford Capital Inc. now owns 2,072 shares of the company’s stock worth $311,000 after acquiring an additional 79 shares during the last quarter. Finally, Keybank National Association OH lifted its position in shares of Constellation Brands by 4.0% during the 1st quarter. Keybank National Association OH now owns 2,338 shares of the company’s stock worth $351,000 after purchasing an additional 90 shares during the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

About Constellation Brands

Constellation Brands, Inc (NYSE: STZ) is a beverage alcohol company that produces, markets and distributes beer, wine and spirits. Its portfolio includes well-known beer brands such as Corona Extra, Modelo Especial, Modelo Negra, Pacifico and Victoria, along with wine brands including Robert Mondavi, The Prisoner, Kim Crawford and Meiomi. Its spirits portfolio includes brands such as Casa Noble tequila and High West whiskey.

The company’s beer business is focused primarily on the United States, where Constellation markets and sells Mexican beer brands brewed by its production operations in Mexico.