Constellation Brands Inc (NYSE:STZ) Stock Has Consensus Price Target of $154.09

Shares of Constellation Brands Inc (NYSE:STZ) have been given a consensus recommendation of “Hold” by the twenty-three research firms that are currently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $154.09.

STZ has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft cut their target price on Constellation Brands from $136.00 to $127.00 and set a “hold” rating on the stock in a research note on Thursday, October 8th. JPMorgan Chase & Co. upped their price objective on Constellation Brands from $133.00 to $136.00 and gave the stock a “neutral” rating in a research report on Thursday, October 8th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Constellation Brands in a research note on Thursday, October 8th. Piper Sandler set a $125.00 price target on shares of Constellation Brands in a research note on Thursday, October 8th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $142.00 price objective on shares of Constellation Brands in a research note on Monday, November 2nd.

Constellation Brands Stock Performance

NYSE STZ opened at $145.26 on Friday. The company has a 50 day moving average of $126.41 and a 200-day moving average of $141.37. Constellation Brands has a 1-year low of $110.60 and a 1-year high of $168.60. The firm has a market cap of $24.58 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 2.98 and a beta of 0.39. The company has a current ratio of 1.00, a quick ratio of 0.53 and a debt-to-equity ratio of 1.02.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Tuesday, October 6th. The company reported $3.74 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.12. The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.54 billion. Constellation Brands had a net margin of 19.57% and a return on equity of 24.75%. The company’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.63 EPS. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. On average, equities analysts forecast that Constellation Brands will post 11.85 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, October 30th. Constellation Brands’s dividend payout ratio (DPR) is presently 36.95%.

Institutional Trading of Constellation Brands

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Constellation Brands by 5.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,826,652 shares of the company’s stock worth $274,029,000 after acquiring an additional 88,538 shares during the period. Bank of America Corp DE raised its stake in Constellation Brands by 9.5% in the first quarter. Bank of America Corp DE now owns 1,403,275 shares of the company’s stock valued at $210,491,000 after purchasing an additional 121,515 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Constellation Brands by 4.0% in the 1st quarter. Bank of New York Mellon Corp now owns 1,042,651 shares of the company’s stock valued at $156,398,000 after buying an additional 40,124 shares in the last quarter. Pzena Investment Management LLC lifted its stake in Constellation Brands by 4.2% during the third quarter. Pzena Investment Management LLC now owns 624,443 shares of the company’s stock worth $70,600,000 after purchasing an additional 25,129 shares during the last quarter. Finally, Empyrean Capital Partners LP lifted its position in shares of Constellation Brands by 3.3% during the 1st quarter. Empyrean Capital Partners LP now owns 606,200 shares of the company’s stock worth $90,930,000 after buying an additional 19,500 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Company Profile

Constellation Brands is a beverage alcohol company focused on beer, wine and spirits. Its beer portfolio includes Modelo Especial, Corona Extra and Pacifico, which it markets in the United States under its agreement with Grupo Modelo.

The company also owns premium wine and spirits brands, including Robert Mondavi Winery and The Prisoner Wine Company. Its products reach consumers primarily in the United States, with operations and distribution extending to other markets.

Founded in 1945 as Canandaigua Wine Company in New York, the business grew through brand development and acquisitions before adopting the Constellation Brands name.