Several other equities analysts have also weighed in on STZ. Zacks Investment Research lowered shares of Constellation Brands from a buy rating to a hold rating in a research report on Monday. Susquehanna Bancshares restated a neutral rating and set a $193.00 price target (up previously from $169.00) on shares of Constellation Brands in a research report on Monday, October 2nd. BidaskClub raised shares of Constellation Brands from a buy rating to a strong-buy rating in a report on Friday, August 18th. Citigroup reaffirmed a neutral rating and set a $232.00 price objective (up from $211.00) on shares of Constellation Brands in a report on Monday, October 9th. Finally, Royal Bank of Canada upped their price objective on shares of Constellation Brands from $222.00 to $226.00 and gave the company an outperform rating in a report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Constellation Brands has an average rating of Buy and an average target price of $217.40.
Constellation Brands (NYSE:STZ) traded down $1.43 on Wednesday, reaching $218.58. 1,104,700 shares of the company traded hands, compared to its average volume of 1,454,673. The company has a market capitalization of $43,035.49, a price-to-earnings ratio of 26.67, a P/E/G ratio of 1.42 and a beta of 0.08. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.69 and a current ratio of 1.61. Constellation Brands has a one year low of $144.00 and a one year high of $227.20.
Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Thursday, October 5th. The company reported $2.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.17 by $0.30. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.06 billion. Constellation Brands had a net margin of 21.47% and a return on equity of 22.81%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.77 earnings per share. equities analysts predict that Constellation Brands will post 8.43 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Monday, November 6th. Constellation Brands’s payout ratio is 10.67%.
In other news, Director Barry A. Fromberg sold 2,500 shares of the stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $208.00, for a total value of $520,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider William A. Newlands sold 2,935 shares of the stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $210.10, for a total transaction of $616,643.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 73,662 shares of company stock worth $15,564,585. Insiders own 15.59% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Parametric Portfolio Associates LLC raised its stake in Constellation Brands by 1.3% in the third quarter. Parametric Portfolio Associates LLC now owns 640,510 shares of the company’s stock valued at $127,750,000 after purchasing an additional 8,004 shares in the last quarter. AXA raised its stake in Constellation Brands by 11.5% in the third quarter. AXA now owns 131,902 shares of the company’s stock valued at $26,308,000 after purchasing an additional 13,570 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in Constellation Brands during the third quarter valued at approximately $1,956,000. Public Employees Retirement System of Ohio grew its position in Constellation Brands by 8.4% during the third quarter. Public Employees Retirement System of Ohio now owns 139,884 shares of the company’s stock valued at $27,900,000 after acquiring an additional 10,803 shares during the last quarter. Finally, GSA Capital Partners LLP grew its position in Constellation Brands by 200.9% during the third quarter. GSA Capital Partners LLP now owns 5,347 shares of the company’s stock valued at $1,066,000 after acquiring an additional 3,570 shares during the last quarter. 75.04% of the stock is currently owned by institutional investors and hedge funds.
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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