Shares of Constellation Brands Inc. (NYSE:STZ) have received an average rating of “Buy” from the nineteen research firms that are presently covering the company. Six analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $176.71.
A number of equities research analysts have weighed in on STZ shares. Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Constellation Brands in a research report on Friday, July 15th. Susquehanna reiterated a “hold” rating on shares of Constellation Brands in a research report on Monday, August 8th. Wells Fargo & Co. reiterated an “outperform” rating and set a $185.00 price target on shares of Constellation Brands in a research report on Wednesday, July 6th. SunTrust Banks Inc. reissued a “buy” rating and issued a $180.00 price objective on shares of Constellation Brands in a research note on Friday, June 3rd. Finally, Morgan Stanley reissued a “buy” rating on shares of Constellation Brands in a research note on Thursday, September 15th.
Shares of Constellation Brands (NYSE:STZ) traded up 0.71% on Wednesday, reaching $164.01. 676,369 shares of the company’s stock were exchanged. Constellation Brands has a one year low of $122.35 and a one year high of $168.68. The firm has a 50 day moving average of $164.79 and a 200 day moving average of $158.48. The firm has a market capitalization of $32.89 billion, a P/E ratio of 29.55 and a beta of 0.72.
Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Thursday, June 30th. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.02. Constellation Brands had a net margin of 15.53% and a return on equity of 17.66%. The business earned $1.87 billion during the quarter. During the same quarter in the prior year, the business earned $1.26 earnings per share. Constellation Brands’s revenue was up 14.8% on a year-over-year basis. On average, equities research analysts predict that Constellation Brands will post $6.31 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 24th. Stockholders of record on Wednesday, August 10th were given a dividend of $0.40 per share. The ex-dividend date was Monday, August 8th. This represents a $1.60 annualized dividend and a dividend yield of 0.98%. Constellation Brands’s dividend payout ratio is presently 28.78%.
In other news, VP Thomas Michael Kane sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $163.26, for a total transaction of $1,142,820.00. Following the completion of the sale, the vice president now owns 8,764 shares in the company, valued at approximately $1,430,810.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William F. Hackett sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, July 21st. The stock was sold at an average price of $164.67, for a total transaction of $1,317,360.00. Following the sale, the executive vice president now owns 54,934 shares of the company’s stock, valued at approximately $9,045,981.78. The disclosure for this sale can be found here. Insiders own 10.63% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Egerton Capital UK LLP bought a new stake in shares of Constellation Brands during the second quarter valued at $305,544,000. Norges Bank bought a new stake in shares of Constellation Brands during the fourth quarter valued at $139,769,000. Lone Pine Capital LLC increased its stake in shares of Constellation Brands by 13.1% in the second quarter. Lone Pine Capital LLC now owns 6,666,012 shares of the company’s stock valued at $1,102,558,000 after buying an additional 769,791 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of Constellation Brands during the second quarter valued at $75,993,000. Finally, Newbrook Capital Advisors LP bought a new stake in shares of Constellation Brands during the first quarter valued at $64,138,000. Institutional investors and hedge funds own 75.05% of the company’s stock.
About Constellation Brands
Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer and wine the United States and Canada. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.
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