Barclays Cuts Constellation Brands (NYSE:STZ) Price Target to $122.00

Constellation Brands (NYSE:STZ) had its price objective lowered by Barclays from $132.00 to $122.00 in a research note published on Tuesday, MarketBeat reports. The brokerage currently has an equal weight rating on the stock.

Several other research firms have also issued reports on STZ. UBS Group lowered their price target on shares of Constellation Brands from $175.00 to $168.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Jefferies Financial Group lowered their target price on shares of Constellation Brands from $147.00 to $135.00 and set a “hold” rating on the stock in a report on Monday, September 14th. Royal Bank Of Canada restated an “outperform” rating and set a $185.00 target price on shares of Constellation Brands in a research report on Thursday, July 2nd. Evercore set a $160.00 price target on Constellation Brands in a report on Monday. Finally, BNP Paribas Exane reduced their price target on Constellation Brands from $117.00 to $115.00 and set an “underperform” rating for the company in a research report on Thursday, July 2nd. Twelve investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $161.67.

Constellation Brands Stock Down 2.0%

Shares of NYSE STZ opened at $114.25 on Tuesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.91 and a quick ratio of 0.48. The stock has a market capitalization of $19.51 billion, a PE ratio of 10.90, a P/E/G ratio of 2.33 and a beta of 0.41. Constellation Brands has a one year low of $114.11 and a one year high of $168.60. The business’s fifty day moving average price is $129.18 and its 200-day moving average price is $140.72.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data 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). The firm had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.39 billion. Constellation Brands had a net margin of 18.87% and a return on equity of 25.58%. The company’s revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.22 earnings per share. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. On average, equities research analysts anticipate that Constellation Brands will post 11.84 EPS for the current year.

Constellation Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th were paid a $1.03 dividend. The ex-dividend date was Thursday, July 30th. This represents a $4.12 annualized dividend and a yield of 3.6%. Constellation Brands’s dividend payout ratio is currently 39.31%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. MV Capital Management Inc. purchased a new stake in shares of Constellation Brands in the fourth quarter worth $26,000. Cedar Mountain Advisors LLC purchased a new position in Constellation Brands during the first quarter worth about $33,000. Root Financial Partners LLC increased its stake in Constellation Brands by 231.3% in the 1st quarter. Root Financial Partners LLC now owns 222 shares of the company’s stock worth $33,000 after acquiring an additional 155 shares during the last quarter. Continuum Advisory LLC bought a new position in Constellation Brands in the 2nd quarter worth about $33,000. Finally, Ascentis Independent Advisors purchased a new stake in shares of Constellation Brands in the 1st quarter valued at about $37,000. 77.34% of the stock is owned by 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.