Constellation Brands (NYSE:STZ) Reaches New 1-Year Low – Here’s What Happened

by · The Cerbat Gem

Constellation Brands Inc (NYSE:STZ – Get Free Report) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $123.48 and last traded at $125.0090, with a volume of 1200427 shares trading hands. The stock had previously closed at $128.18.

Analysts Set New Price Targets

Several research firms have weighed in on STZ. Weiss Ratings reiterated a “hold (c-)” rating on shares of Constellation Brands in a report on Friday, July 31st. Morgan Stanley lowered their price target on Constellation Brands from $183.00 to $158.00 and set an “equal weight” rating for the company in a report on Thursday, July 2nd. Freedom Capital lowered Constellation Brands from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. TD Cowen reiterated a “buy” rating and set a $174.00 price objective on shares of Constellation Brands in a report on Wednesday, July 1st. Finally, UBS Group cut their price objective on Constellation Brands from $186.00 to $175.00 and set a “buy” rating on the stock in a report on Wednesday, June 17th. Eleven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $170.00.

View Our Latest Stock Report on Constellation Brands

Constellation Brands Stock Up 0.4%

The firm has a market capitalization of $20.75 billion, a P/E ratio of 11.59, a PEG ratio of 2.28 and a beta of 0.41. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.48 and a current ratio of 0.91. The firm’s 50-day moving average is $131.98 and its 200 day moving average is $143.37.

Constellation Brands (NYSE:STZ – Get Free Report) last released its earnings results on Tuesday, June 30th. The company reported $3.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.70 by ($0.27). The firm had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.39 billion. Constellation Brands had a return on equity of 25.58% and a net margin of 18.87%.Constellation Brands’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the company posted $3.22 EPS. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. As a group, equities research analysts predict that Constellation Brands Inc will post 11.84 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, July 30th were given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Thursday, July 30th. Constellation Brands’s dividend payout ratio (DPR) is currently 39.31%.

Institutional Investors Weigh In On Constellation Brands

Several institutional investors have recently bought and sold shares of the company. Ally Financial Inc. acquired a new stake in Constellation Brands during the second quarter worth about $1,600,000. Diamond Hill Capital Management LLC Investment Advisor bought a new position in Constellation Brands in the 2nd quarter valued at about $31,582,000. Swiss Life Asset Management Ltd raised its position in shares of Constellation Brands by 99.1% in the 4th quarter. Swiss Life Asset Management Ltd now owns 38,489 shares of the company’s stock valued at $5,310,000 after buying an additional 19,161 shares in the last quarter. Swedbank AB raised its position in shares of Constellation Brands by 108.1% in the 4th quarter. Swedbank AB now owns 63,055 shares of the company’s stock valued at $8,699,000 after buying an additional 32,757 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its holdings in shares of Constellation Brands by 12.0% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 362,808 shares of the company’s stock worth $50,053,000 after acquiring an additional 38,959 shares during the period. Institutional investors own 77.34% of the company’s stock.

About Constellation Brands

(Get Free Report)

Constellation Brands, Inc (NYSE: STZ) is a beverage alcohol company that produces, markets and distributes beer, wine and spirits. Its portfolio includes well-known beer brands such as Corona Extra, Modelo Especial, Modelo Negra, Pacifico and Victoria, along with wine brands including Robert Mondavi, The Prisoner, Kim Crawford and Meiomi. Its spirits portfolio includes brands such as Casa Noble tequila and High West whiskey.

The company’s beer business is focused primarily on the United States, where Constellation markets and sells Mexican beer brands brewed by its production operations in Mexico.

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