2 weeks Ago By ABMN Staff
Constellation Brands ( NYSE:STZ – Free Report ) had its target price lowered by The Goldman Sachs Group from $260.00 to $225.00 in a research note issued to investors on Friday, Benzinga reports.
The brokerage currently has a buy rating on the stock. Other analysts have also issued reports about the stock. Evercore ISI cut their target price on shares of Constellation Brands from $300.
00 to $250.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Wells Fargo & Company reduced their price objective on shares of Constellation Brands from $230.
00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. TD Cowen lowered their target price on shares of Constellation Brands from $270.
00 to $260.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Barclays cut their price target on Constellation Brands from $205.
00 to $203.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Finally, Morgan Stanley lowered their price objective on Constellation Brands from $202.
00 to $195.00 and set an “equal weight” rating for the company in a research report on Friday. Eleven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company.
Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $231.10.
Read Our Latest Stock Analysis on Constellation Brands Constellation Brands Stock Up 0.5 % Constellation Brands ( NYSE:STZ – Get Free Report ) last announced its earnings results on Wednesday, April 9th. The company reported $2.
63 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.35.
Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%.
The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.14 billion.
During the same period in the prior year, the firm earned $2.26 EPS. The firm’s revenue for the quarter was up 1.
2% on a year-over-year basis. Analysts predict that Constellation Brands will post 13.5 EPS for the current year.
Constellation Brands Increases Dividend The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th will be paid a $1.02 dividend.
This is an increase from Constellation Brands’s previous quarterly dividend of $1.01. This represents a $4.
08 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Tuesday, April 29th.
Constellation Brands’s dividend payout ratio (DPR) is -792.16%. Insider Buying and Selling In other news, Director William T.
Giles purchased 1,000 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were acquired at an average cost of $186.39 per share, for a total transaction of $186,390.
00. Following the completion of the purchase, the director now directly owns 1,463 shares in the company, valued at $272,688.57.
The trade was a 215.98 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink .
Corporate insiders own 12.19% of the company’s stock. Institutional Investors Weigh In On Constellation Brands Institutional investors have recently added to or reduced their stakes in the business.
Mainstream Capital Management LLC purchased a new stake in shares of Constellation Brands in the fourth quarter valued at approximately $25,000. SBI Securities Co. Ltd.
purchased a new stake in shares of Constellation Brands during the 4th quarter worth $26,000. Compagnie Lombard Odier SCmA acquired a new position in shares of Constellation Brands during the 4th quarter worth $27,000. Union Bancaire Privee UBP SA purchased a new position in shares of Constellation Brands in the 4th quarter valued at about $28,000.
Finally, Minot DeBlois Advisors LLC acquired a new stake in shares of Constellation Brands in the fourth quarter valued at about $29,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.
About Constellation Brands ( Get Free Report ) Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands. See Also Receive News & Ratings for Constellation Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Constellation Brands and related companies with MarketBeat.
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