Constellation Brands (NYSE:STZ) PT Lowered to $315.00 at UBS Group

Constellation Brands (NYSE:STZ) had its price objective trimmed by UBS Group from $320.00 to $315.00 in a report issued on Thursday, Benzinga reports. The firm currently has a buy rating on the stock.

Several other research analysts have also commented on the stock. Royal Bank of Canada restated an outperform rating and set a $308.00 price target on shares of Constellation Brands in a research note on Tuesday, May 28th. Argus upgraded shares of Constellation Brands from a hold rating to a buy rating and set a $306.00 target price on the stock in a research note on Monday, April 15th. Piper Sandler started coverage on shares of Constellation Brands in a research note on Friday, March 22nd. They issued an overweight rating and a $300.00 target price on the stock. Jefferies Financial Group raised their target price on shares of Constellation Brands from $292.00 to $314.00 and gave the company a buy rating in a research note on Friday, April 12th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Constellation Brands from $256.00 to $262.00 and gave the company a hold rating in a research note on Wednesday, April 10th. Three research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, Constellation Brands has a consensus rating of Moderate Buy and an average target price of $298.37.

Constellation Brands Stock Up 0.3 %

STZ stock opened at $263.50 on Thursday. Constellation Brands has a 12-month low of $227.50 and a 12-month high of $274.87. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06. The company has a market cap of $48.22 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 1.75 and a beta of 0.89. The company has a 50 day moving average of $255.18 and a two-hundred day moving average of $252.94.

Constellation Brands (NYSE:STZ) last released its earnings results on Thursday, April 11th. The company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.16. Constellation Brands had a net margin of 16.13% and a return on equity of 23.06%. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the prior year, the firm earned $1.98 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. On average, equities analysts anticipate that Constellation Brands will post 13.66 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Friday, May 3rd were issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.53%. This is an increase from Constellation Brands’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Thursday, May 2nd. Constellation Brands’s dividend payout ratio (DPR) is presently 43.07%.

Insider Transactions at Constellation Brands

In other news, EVP James A. Jr. Sabia sold 15,781 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the completion of the transaction, the executive vice president now directly owns 20,910 shares of the company’s stock, valued at approximately $5,512,503.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO William A. Newlands sold 25,000 shares of Constellation Brands stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $261.54, for a total transaction of $6,538,500.00. Following the completion of the transaction, the chief executive officer now directly owns 14,700 shares of the company’s stock, valued at approximately $3,844,638. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP James A. Jr. Sabia sold 15,781 shares of Constellation Brands stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the transaction, the executive vice president now directly owns 20,910 shares of the company’s stock, valued at $5,512,503.30. The disclosure for this sale can be found here. In the last three months, insiders sold 48,031 shares of company stock valued at $12,582,321. Company insiders own 12.19% of the company’s stock.

Institutional Investors Weigh In On Constellation Brands

Several hedge funds and other institutional investors have recently added to or reduced their stakes in STZ. Capital International Investors increased its position in Constellation Brands by 39.4% in the 1st quarter. Capital International Investors now owns 11,685,249 shares of the company’s stock valued at $3,175,583,000 after acquiring an additional 3,304,709 shares in the last quarter. Norges Bank acquired a new stake in shares of Constellation Brands during the 4th quarter worth approximately $443,844,000. Capital World Investors grew its position in shares of Constellation Brands by 8.7% during the 1st quarter. Capital World Investors now owns 9,040,669 shares of the company’s stock worth $2,456,892,000 after buying an additional 723,549 shares during the period. Darsana Capital Partners LP grew its position in shares of Constellation Brands by 288.9% during the 3rd quarter. Darsana Capital Partners LP now owns 875,000 shares of the company’s stock worth $219,914,000 after buying an additional 650,000 shares during the period. Finally, Boston Partners acquired a new stake in shares of Constellation Brands during the 4th quarter worth approximately $156,358,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Company Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.