Constellation Brands Inc (NYSE:STZ) Given Consensus Recommendation of “Buy” by Brokerages
Constellation Brands Inc (NYSE:STZ) has been assigned an average rating of “Buy” from the twenty analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $200.53.
Several equities research analysts recently commented on the company. Argus lifted their price objective on Constellation Brands from $194.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, July 5th. Vetr downgraded Constellation Brands from a “hold” rating to a “sell” rating and set a $175.98 price objective for the company. in a report on Tuesday, May 16th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $220.00 price objective (up from $205.00) on shares of Constellation Brands in a report on Friday, June 30th. Zacks Investment Research upgraded Constellation Brands from a “hold” rating to a “buy” rating and set a $207.00 price objective for the company in a report on Thursday, June 22nd. Finally, Goldman Sachs Group, Inc. (The) reiterated a “conviction-buy” rating and issued a $212.00 price objective (up from $198.00) on shares of Constellation Brands in a report on Friday, June 30th.
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In related news, EVP Christopher Stenzel sold 5,000 shares of the business’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $196.75, for a total transaction of $983,750.00. Following the completion of the transaction, the executive vice president now owns 39,721 shares in the company, valued at approximately $7,815,106.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Thomas J. Mullin sold 54,834 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $194.50, for a total value of $10,665,213.00. Following the transaction, the vice president now owns 86,005 shares of the company’s stock, valued at approximately $16,727,972.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 95,601 shares of company stock worth $18,586,986. Corporate insiders own 15.59% of the company’s stock.
Several large investors have recently modified their holdings of STZ. Hanson McClain Inc. boosted its stake in shares of Constellation Brands by 0.3% in the first quarter. Hanson McClain Inc. now owns 769 shares of the company’s stock worth $125,000 after buying an additional 2 shares during the period. Concert Wealth Management Inc. boosted its stake in shares of Constellation Brands by 0.7% in the first quarter. Concert Wealth Management Inc. now owns 1,379 shares of the company’s stock worth $212,000 after buying an additional 10 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of Constellation Brands by 3.2% in the first quarter. Quadrant Capital Group LLC now owns 765 shares of the company’s stock worth $115,000 after buying an additional 24 shares during the period. Financial Architects Inc boosted its stake in shares of Constellation Brands by 1.4% in the second quarter. Financial Architects Inc now owns 1,776 shares of the company’s stock worth $344,000 after buying an additional 25 shares during the period. Finally, Welch Group LLC boosted its stake in shares of Constellation Brands by 2.9% in the second quarter. Welch Group LLC now owns 885 shares of the company’s stock worth $171,000 after buying an additional 25 shares during the period. Institutional investors and hedge funds own 76.14% of the company’s stock.
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Constellation Brands (NYSE STZ) traded up 0.49% during midday trading on Monday, hitting $195.65. 897,797 shares of the company were exchanged. Constellation Brands has a one year low of $144.00 and a one year high of $199.89. The stock has a market capitalization of $38.21 billion, a PE ratio of 24.54 and a beta of 0.06. The firm’s 50-day moving average price is $193.61 and its 200-day moving average price is $174.46.
Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Thursday, June 29th. The company reported $2.34 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.36. Constellation Brands had a return on equity of 21.57% and a net margin of 19.94%. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period last year, the company earned $1.54 earnings per share. The company’s revenue was up 3.4% on a year-over-year basis. Equities research analysts anticipate that Constellation Brands will post $8.17 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th will be issued a $0.52 dividend. The ex-dividend date is Monday, August 7th. This represents a $2.08 dividend on an annualized basis and a yield of 1.06%. Constellation Brands’s dividend payout ratio is presently 26.03%.
Constellation Brands Company Profile
Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. 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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