Constellation Brands Inc. (NYSE:STZ)‘s stock had its “overweight” rating reiterated by analysts at Morgan Stanley in a research report issued to clients and investors on Saturday. They presently have a $194.00 target price on the stock, up from their previous target price of $191.00. Morgan Stanley’s price objective points to a potential upside of 14.90% from the stock’s current price.
Other research analysts also recently issued reports about the stock. Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Constellation Brands in a report on Friday, July 15th. Zacks Investment Research downgraded shares of Constellation Brands from a “hold” rating to a “sell” rating in a report on Tuesday, June 14th. Susquehanna reiterated a “hold” rating on shares of Constellation Brands in a 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 report on Wednesday, July 6th. Finally, Credit Suisse Group AG assumed coverage on shares of Constellation Brands in a report on Thursday, September 15th. They set a “neutral” rating and a $178.00 price target for the company. Six equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $176.75.
Shares of Constellation Brands (NYSE:STZ) opened at 168.84 on Friday. The company’s 50-day moving average price is $165.62 and its 200 day moving average price is $160.44. The firm has a market cap of $33.85 billion, a P/E ratio of 30.42 and a beta of 0.63. Constellation Brands has a 52 week low of $130.23 and a 52 week high of $173.55.
Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Wednesday, October 5th. The company reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.12. The company earned $2.02 billion during the quarter. Constellation Brands had a net margin of 15.64% and a return on equity of 17.69%. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter last year, the company posted $1.56 earnings per share. On average, equities analysts anticipate that Constellation Brands will post $6.37 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 22nd. Investors of record on Tuesday, November 8th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, November 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. Constellation Brands’s dividend payout ratio is presently 27.49%.
In related news, VP F Paul Hetterich sold 10,000 shares of the company’s stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $164.60, for a total value of $1,646,000.00. Following the sale, the vice president now owns 61,404 shares in the company, valued at approximately $10,107,098.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Thomas J. Mullin sold 9,516 shares of the company’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $166.42, for a total transaction of $1,583,652.72. Following the completion of the sale, the vice president now owns 88,602 shares in the company, valued at approximately $14,745,144.84. The disclosure for this sale can be found here. 10.63% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of the company. Quadrant Capital Group LLC raised its stake in Constellation Brands by 2.1% in the second quarter. Quadrant Capital Group LLC now owns 678 shares of the company’s stock valued at $103,000 after buying an additional 14 shares during the period. PineBridge Investments L.P. raised its stake in Constellation Brands by 331.3% in the second quarter. PineBridge Investments L.P. now owns 690 shares of the company’s stock valued at $115,000 after buying an additional 530 shares during the period. Invictus RG purchased a new stake in Constellation Brands during the first quarter valued at approximately $110,000. Hanson McClain Inc. raised its stake in Constellation Brands by 0.3% in the second quarter. Hanson McClain Inc. now owns 764 shares of the company’s stock valued at $126,000 after buying an additional 2 shares during the period. Finally, Daiwa SB Investments Ltd. purchased a new stake in Constellation Brands during the second quarter valued at approximately $134,000. Institutional investors own 75.05% of the company’s stock.
Constellation Brands Company Profile