Several research firms have recently updated their ratings for Constellation Brands (STZ). UBS cut their target price from $320 to $295 but maintained a buy rating. BMO Capital Markets gave an outperform rating with a target of $315, while Barclays increased their target from $295 to $309, also giving an overweight rating. Evercore ISI lowered their target from $310 to $300, and JPMorgan Chase reduced theirs from $320 to $307, keeping an overweight rating. Overall, three analysts rated it a hold and fourteen rated it a buy, leading to a consensus rating of Moderate Buy with an average target of $295.75.
Read Our Latest Report on Constellation Brands
Constellation Brands Stock Rises 1.2%
On Friday, NYSE: STZ shares rose by $3.02, reaching $246.67 with a trading volume of 1,351,402 shares. The stock’s year low is $227.50 and high is $274.87. It has a market cap of $45.13 billion and a P/E ratio of 18.38. Recent earnings show a net margin of 22.7%, with a reported EPS of $4.32, above the expected $4.08. Analysts project earnings of $13.53 EPS for the current fiscal year.
Dividend Announcement
Constellation Brands will pay a quarterly dividend of $1.01 per share on November 21, 2023, to investors recorded on November 5. This equates to an annual yield of 1.64%.
Insider Selling Activity
CFO Garth Hankinson sold 13,583 shares at an average price of $240.00 in August, and owns 11,702 shares post-sale. Director Daniel J. McCarthy sold 1,854 shares at $252.43. Insiders have sold a total of 16,414 shares worth nearly $4 million in the past 90 days, owning 12.19% of the stock.
Investor Insights
Hedge funds and institutional investors hold 77.34% of Constellation Brands. Recent stakes range from $25,000 to $35,000 for new investors in the second quarter.
About Constellation Brands
Constellation Brands, Inc. produces and sells beer, wine, and spirits across North America and beyond. Key beer brands include Corona and Modelo.
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