Constellation Brands (NYSE:STZ) Price Target Lowered to $205.00 at Barclays

Constellation Brands (NYSE:STZ) had its price objective decreased by Barclays from $214.00 to $205.00 in a research note released on Thursday,Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other equities research analysts have also weighed in on the company. Needham & Company LLC reiterated a “buy” rating and issued a $240.00 price objective on shares of Constellation Brands in a research report on Monday, January 27th. Royal Bank of Canada cut their price objective on Constellation Brands from $293.00 to $289.00 and set an “outperform” rating on the stock in a research report on Friday, March 7th. Argus cut Constellation Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. UBS Group lowered their target price on Constellation Brands from $265.00 to $223.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Finally, TD Cowen lowered their target price on Constellation Brands from $270.00 to $260.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Constellation Brands currently has a consensus rating of “Hold” and a consensus price target of $252.81.

Constellation Brands Price Performance

STZ opened at $181.46 on Thursday. The stock’s 50 day simple moving average is $180.58 and its 200 day simple moving average is $219.23. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. Constellation Brands has a 1 year low of $160.46 and a 1 year high of $274.87. The firm has a market cap of $32.79 billion, a price-to-earnings ratio of 48.78, a PEG ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. Constellation Brands’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.19 earnings per share. As a group, analysts predict that Constellation Brands will post 13.5 earnings per share for the current year.

Constellation Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 2.23%. The ex-dividend date was Friday, February 7th. Constellation Brands’s dividend payout ratio is currently 108.60%.

Insider Transactions at Constellation Brands

In other Constellation Brands news, Director William T. Giles purchased 1,000 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was purchased at an average price 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 of the company’s stock, valued at $272,688.57. This trade represents a 215.98 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 12.19% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of STZ. Berkshire Hathaway Inc purchased a new position in shares of Constellation Brands in the fourth quarter worth $1,242,976,000. Norges Bank bought a new stake in shares of Constellation Brands in the fourth quarter worth $445,883,000. Vanguard Group Inc. grew its holdings in shares of Constellation Brands by 13.3% in the fourth quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company’s stock worth $3,433,188,000 after acquiring an additional 1,821,969 shares during the period. D1 Capital Partners L.P. grew its holdings in shares of Constellation Brands by 186.6% in the fourth quarter. D1 Capital Partners L.P. now owns 1,527,689 shares of the company’s stock worth $337,619,000 after acquiring an additional 994,639 shares during the period. Finally, Van ECK Associates Corp grew its holdings in shares of Constellation Brands by 1,844.7% in the fourth quarter. Van ECK Associates Corp now owns 924,274 shares of the company’s stock worth $204,265,000 after acquiring an additional 876,745 shares during the period. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Company Profile

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.