(The) in a research note issued on Friday. The company now has an average rating of "Buy" and a consensus price target of $190.80.
Several analysts have issued reports on STZ shares. The rating was upgraded by Cowen & Co to "Outperform" on Monday, November 23. The firm has "Overweight" rating by Morgan Stanley given on Thursday, October 6. A rating of 4 or 5 would represent a Sell recommendation. A 4 analysts rate it as either a buy or a strong buy, while 1 believe that investors should either steer clear of ISBC or, if they already own its stock, sell it.
As beer continues to be a growth industry for Constellation, the maker of Svedka vodka and Corona beer could add more brands to its line up. The firm has a market cap of $37.55 billion, a PE ratio of 25.64 and a beta of 0.31. Constellation Brands Inc has a 1-year low of $144.00 and a 1-year high of $197.41. The firm's 50 day moving average price is $182.37 and its 200 day moving average price is $165.44. (NYSE:STZ). Baystate Wealth Mngmt Ltd Liability Corporation owns 0% invested in Constellation Brands, Inc. The company reported $2.34 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.98 by $0.36.
Constellation Brands, Inc.is an worldwide beverage alcohol company. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the previous year, the firm earned $1.54 earnings per share. The company's revenue for the quarter was up 3.4% compared to the same quarter a year ago. On average, equities research analysts predict that Constellation Brands Inc will post $8.03 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd.
Constellation's net profits for the quarter were boosted partly by a near-halving of income taxes compared to the year prior: On a pre-tax basis, profits increased by 2.3%, compared to the 26.5% jump in net profits. Constellation Brands's dividend payout ratio is 27.59%.
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"Our Wine and Spirits business delivered significant margin improvement in the first quarter, while depletion trends were impacted by the timing of promotional activities", Sands said. The shares were sold at an average price of $170.03, for a total value of $119,021.00.
EPS in next five year years is expected to touch 8.01% while EPS growth in past 5 year was 8.00% along with sales growth of 3.90% in the last five years. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James A. Locke III sold 6,340 shares of the stock in a transaction that occurred on Monday, April 24th.
T-Mobile US, Inc. (NASDAQ:TMUS) ended its day at $61.48 with the rising stream of 0.77% and its total traded volume was 3.17 million shares less than the average volume. Following the completion of the sale, the director now directly owns 44,415 shares in the company, valued at approximately $7,686,015.75. The disclosure for this sale can be found here. FinnCap maintained the stock with "Corporate" rating in Wednesday, September 16 report.
Other hedge funds also recently added to or reduced their stakes in the company. As of the end of the quarter Baird Financial Group, Inc. had disposed of 1,293 shares trimming its position 14.0%.
Sirios Capital Management L P, which manages about $2.06B and $2.04 billion US Long portfolio, decreased its stake in Mcdonalds Corp (NYSE:MCD) by 137,187 shares to 419,481 shares, valued at $51.06M in 2016Q4, according to the filing. The value of the investment in STZ went from $1,416,000 to $1,288,000 a change of 9.0% quarter over quarter. Coconut Grove Bank raised its position in shares of Constellation Brands by 106.8% in the first quarter. The Missouri-based Century Inc has invested 0.31% in Constellation Brands, Inc. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy.
The wine and spirits segment shrank by 4% on weakening depletion trends in the wine portfolio, which management blamed on the timing of promotions.