Constellation Brands said on April 5, 2023 that its board of directors declared a regular
quarterly dividend of $0.89 per share ($3.56 annualized).
Previously, the company paid $0.80 per share.
Shares must be purchased before the ex-div date of May 3, 2023 to qualify for the dividend.
Shareholders of record as of May 4, 2023
will receive the payment on May 18, 2023.
At the current share price of $224.64 / share,
the stock’s dividend yield is 1.58%.
Looking back five years and taking a sample every week, the average dividend yield has been
1.48%,
the lowest has been 1.20%,
and the highest has been 2.84%.
The standard deviation of yields is 0.20 (n=237).
The current dividend yield is
0.53 standard deviations
above
the historical average.
Additionally, the company’s dividend payout ratio is -8.32.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 0.07%,
demonstrating that it has increased its dividend over time.
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What is the Fund Sentiment?
There are 2094 funds or institutions reporting positions in Constellation Brands.
This is an increase
of
55
owner(s) or 2.70% in the last quarter.
Average portfolio weight of all funds dedicated to STZ is 0.39%,
a decrease
of 2.58%.
Total shares owned by institutions increased
in the last three months by 5.46% to 166,818K shares.
The put/call ratio of STZ is 0.97, indicating a
bullish
outlook.
Analyst Price Forecast Suggests 15.44% Upside
As of April 6, 2023,
the average one-year price target for Constellation Brands is $259.32.
The forecasts range from a low of $202.00 to a high of $309.75.
The average price target represents an increase of 15.44% from its latest reported closing price of $224.64.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Constellation Brands
is $10,253MM, an increase of 8.47%.
The projected annual non-GAAP EPS
is $12.74.
What are Other Shareholders Doing?
TRPL – Pacer Metaurus US Large Cap Dividend Multiplier 300 ETF
holds 0K shares
representing 0.00% ownership of the company.
No change in the last quarter.
Berger Financial Group
holds 2K shares
representing 0.00% ownership of the company.
In it’s prior filing, the firm reported owning 2K shares, representing
a decrease
of 3.03%.
The firm
decreased
its portfolio allocation in STZ by 12.08% over the last quarter.
Diamond Hill Capital Management
holds 105K shares
representing 0.06% ownership of the company.
No change in the last quarter.
ALLIANZ VARIABLE INSURANCE PRODUCTS TRUST – AZL Fidelity Institutional Asset Management Multi-Strategy Fund Class 2
holds 7K shares
representing 0.00% ownership of the company.
In it’s prior filing, the firm reported owning 4K shares, representing
an increase
of 44.89%.
The firm
increased
its portfolio allocation in STZ by 80.39% over the last quarter.
Vigilant Capital Management
holds 107K shares
representing 0.06% ownership of the company.
In it’s prior filing, the firm reported owning 106K shares, representing
an increase
of 0.91%.
The firm
decreased
its portfolio allocation in STZ by 7.40% over the last quarter.
Constellation Brands Background Information
(This description is provided by the company.)
Constellation Brands mission is to build brands that people love because it believes sharing a toast, unwinding after a day, celebrating milestones, and helping people connect, are Worth Reaching For. It’s worth its dedication, hard work, and the bold calculated risks it takes to deliver more for its consumers, trade partners, shareholders, and communities in which it lives and works. It’s what has made us one of the fastest-growing large CPG companies in the U.S. at retail, and it drives its pursuit to deliver what’s next.
Today, it is a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Every day, people reach for its high-end, iconic imported beer brands such as Corona Extra, Corona Light, Corona Premier, Modelo Especial, Modelo Negra, and Pacifico, and its high-quality premium wine and spirits brands, including the Robert Mondavi brand family, Kim Crawford, Meiomi, The Prisoner brand family, SVEDKA Vodka, Casa Noble Tequila, and High West Whiskey.
But it won’t stop here. Its visionary leadership team and passionate employees from barrel room to boardroom are reaching for the next level, to explore the boundaries of the beverage alcohol industry and beyond.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
