Constellation Brands, Inc. Class A (NYSE:STZ) gapped down before the market opened on Thursday after Deutsche Bank lowered their price target on the stock from $234.00 to $226.00. The stock had previously closed at $212.76, but opened at $210.75. Deutsche Bank currently has a buy rating on the stock. Constellation Brands, Inc. Class A shares last traded at $202.01, with a volume of 144315 shares trading hands.

Other equities research analysts also recently issued reports about the company. Pivotal Research reaffirmed a “buy” rating and set a $285.00 target price on shares of Constellation Brands, Inc. Class A in a report on Friday, June 29th. ValuEngine raised Constellation Brands, Inc. Class A from a “hold” rating to a “buy” rating in a report on Thursday, June 28th. Bank of America reduced their target price on Constellation Brands, Inc. Class A from $250.00 to $230.00 and set a “buy” rating for the company in a report on Thursday. Cann reduced their target price on Constellation Brands, Inc. Class A from $234.00 to $226.00 and set a “buy” rating for the company in a report on Thursday. Finally, Morgan Stanley reduced their target price on Constellation Brands, Inc. Class A from $262.00 to $258.00 and set a “buy” rating for the company in a report on Tuesday, July 3rd. Five analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. Constellation Brands, Inc. Class A currently has a consensus rating of “Buy” and a consensus price target of $246.34.

Institutional investors have recently made changes to their positions in the stock. Sun Life Financial INC increased its position in Constellation Brands, Inc. Class A by 155.3% in the 2nd quarter. Sun Life Financial INC now owns 457 shares of the company’s stock worth $100,000 after purchasing an additional 278 shares during the last quarter. Clarus Wealth Advisors acquired a new position in Constellation Brands, Inc. Class A in the 2nd quarter worth about $111,000. Benjamin F. Edwards & Company Inc. increased its position in Constellation Brands, Inc. Class A by 227.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 527 shares of the company’s stock worth $115,000 after purchasing an additional 366 shares during the last quarter. Jacobi Capital Management LLC increased its position in Constellation Brands, Inc. Class A by 103.6% in the 1st quarter. Jacobi Capital Management LLC now owns 507 shares of the company’s stock worth $116,000 after purchasing an additional 258 shares during the last quarter. Finally, Stelac Advisory Services LLC acquired a new position in Constellation Brands, Inc. Class A in the 2nd quarter worth about $125,000. 73.66% of the stock is owned by hedge funds and other institutional investors.

The company has a quick ratio of 0.77, a current ratio of 1.81 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $40.78 billion, a price-to-earnings ratio of 23.02, a PEG ratio of 1.93 and a beta of 0.03.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, August 24th. Shareholders of record on Friday, August 10th will be given a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 1.45%. The ex-dividend date is Thursday, August 9th. Constellation Brands, Inc. Class A’s payout ratio is currently 10.67%.

About Constellation Brands, Inc. Class A (NYSE:STZ)

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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