Constellation Brands Inc (STZ) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Constellation Brands Inc (NYSE:STZ) from a buy rating to a strong-buy rating in a research note issued to investors on Wednesday, July 12th.

A number of other equities research analysts have also issued reports on the company. Credit Suisse Group set a $182.00 price target on Constellation Brands and gave the stock a hold rating in a research note on Saturday, April 8th. UBS AG increased their price target on Constellation Brands from $162.00 to $176.00 and gave the stock a neutral rating in a research note on Friday, April 7th. Vetr lowered Constellation Brands from a hold rating to a sell rating and set a $175.98 price target for the company. in a research note on Tuesday, May 16th. J P Morgan Chase & Co restated an overweight rating and set a $220.00 price objective (up previously from $188.00) on shares of Constellation Brands in a research report on Friday, June 30th. Finally, Royal Bank Of Canada restated an outperform rating and set a $220.00 price objective (up previously from $205.00) on shares of Constellation Brands in a research report on Friday, June 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $200.53.

Constellation Brands (STZ) traded up 0.49% during mid-day trading on Wednesday, reaching $195.65. The company’s stock had a trading volume of 897,797 shares. The firm has a market cap of $38.21 billion, a PE ratio of 24.54 and a beta of 0.06. The company has a 50-day moving average price of $193.61 and a 200-day moving average price of $174.46. Constellation Brands has a 12-month low of $144.00 and a 12-month high of $199.89.

Constellation Brands (NYSE:STZ) last announced its earnings results on Thursday, June 29th. The company reported $2.34 EPS for the quarter, topping the Zacks’ consensus estimate of $1.98 by $0.36. Constellation Brands had a return on equity of 21.57% and a net margin of 19.94%. The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period last year, the firm earned $1.54 EPS. Constellation Brands’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, equities research analysts expect that Constellation Brands will post $8.17 earnings per share for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Monday, August 7th. Constellation Brands’s payout ratio is currently 26.03%.

In other news, VP Thomas J. Mullin sold 23,827 shares of Constellation Brands stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $193.64, for a total transaction of $4,613,860.28. Following the completion of the sale, the vice president now owns 78,524 shares of the company’s stock, valued at $15,205,387.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Barry A. Fromberg sold 2,000 shares of Constellation Brands stock in a transaction that occurred on Thursday, July 13th. The shares were sold at an average price of $195.93, for a total transaction of $391,860.00. Following the sale, the director now directly owns 22,820 shares of the company’s stock, valued at approximately $4,471,122.60. The disclosure for this sale can be found here. In the last three months, insiders sold 95,601 shares of company stock valued at $18,586,986. 15.59% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. increased its stake in Constellation Brands by 50.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 577 shares of the company’s stock valued at $112,000 after buying an additional 193 shares in the last quarter. Quadrant Capital Group LLC increased its stake in Constellation Brands by 3.2% in the first quarter. Quadrant Capital Group LLC now owns 765 shares of the company’s stock valued at $115,000 after buying an additional 24 shares in the last quarter. Tompkins Financial Corp increased its stake in Constellation Brands by 29.4% in the first quarter. Tompkins Financial Corp now owns 770 shares of the company’s stock valued at $116,000 after buying an additional 175 shares in the last quarter. Harbour Capital Advisors LLC bought a new stake in Constellation Brands during the first quarter valued at $117,000. Finally, Hanson McClain Inc. increased its stake in Constellation Brands by 0.3% in the first quarter. Hanson McClain Inc. now owns 769 shares of the company’s stock valued at $125,000 after buying an additional 2 shares in the last quarter. 76.14% of the stock is owned by hedge funds and other institutional investors.

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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