Constellation Brands, Inc. Class A (NYSE:STZ) had its price objective cut by Deutsche Bank from $234.00 to $226.00 in a report released on Thursday morning. They currently have a buy rating on the stock.

STZ has been the subject of a number of other reports. ValuEngine lowered shares of Constellation Brands, Inc. Class A from a buy rating to a hold rating in a research note on Friday, May 18th. OTR Global lowered shares of Constellation Brands, Inc. Class A to a positive rating in a research note on Friday, June 15th. Stifel Nicolaus lowered their target price on shares of Constellation Brands, Inc. Class A from $230.00 to $224.00 and set a hold rating for the company in a research note on Monday, July 2nd. Pivotal Research reissued a buy rating and set a $285.00 target price on shares of Constellation Brands, Inc. Class A in a research note on Friday, June 29th. Finally, Morgan Stanley lowered their target price on shares of Constellation Brands, Inc. Class A from $262.00 to $258.00 and set a buy rating for the company in a research note on Tuesday, July 3rd. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $246.34.

STZ stock traded up $0.98 during mid-day trading on Thursday, reaching $203.46. 161,159 shares of the stock traded hands, compared to its average volume of 1,838,673. The company has a quick ratio of 0.77, a current ratio of 1.81 and a debt-to-equity ratio of 0.89. Constellation Brands, Inc. Class A has a one year low of $195.89 and a one year high of $236.62. The stock has a market capitalization of $40.78 billion, a price-to-earnings ratio of 23.02, a price-to-earnings-growth ratio of 1.93 and a beta of 0.03.

Constellation Brands, Inc. Class A (NYSE:STZ) last posted its quarterly earnings data on Friday, June 29th. The company reported $2.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.42 by ($0.22). Constellation Brands, Inc. Class A had a net margin of 31.51% and a return on equity of 19.81%. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter last year, the firm earned $2.34 EPS. The company’s revenue was up 6.1% on a year-over-year basis. equities research analysts expect that Constellation Brands, Inc. Class A will post 9.57 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 24th. Investors of record on Friday, August 10th will be paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Thursday, August 9th. Constellation Brands, Inc. Class A’s dividend payout ratio (DPR) is presently 10.67%.

Large investors have recently added to or reduced their stakes in the stock. Sun Life Financial INC lifted its stake in Constellation Brands, Inc. Class A by 155.3% in the second quarter. Sun Life Financial INC now owns 457 shares of the company’s stock worth $100,000 after acquiring an additional 278 shares during the period. Clarus Wealth Advisors purchased a new stake in Constellation Brands, Inc. Class A in the second quarter worth about $111,000. Jacobi Capital Management LLC raised its holdings in Constellation Brands, Inc. Class A by 103.6% in the first quarter. Jacobi Capital Management LLC now owns 507 shares of the company’s stock worth $116,000 after purchasing an additional 258 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Constellation Brands, Inc. Class A by 227.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 527 shares of the company’s stock worth $115,000 after purchasing an additional 366 shares in the last quarter. Finally, Stelac Advisory Services LLC bought a new position in Constellation Brands, Inc. Class A in the second quarter worth about $125,000. 73.66% of the stock is owned by institutional investors.

Constellation Brands, Inc. Class A Company Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company sells wine across various categories, including table wine, sparkling wine, and dessert wine. It provides beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Obregon Brewery, and Ballast Point brands.

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Analyst Recommendations for Constellation Brands, Inc. Class A (NYSE:STZ)

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