Constellation Brands, Inc. (NYSE:STZ) VP Thomas J. Mullin sold 39,854 shares of the stock in a transaction dated Wednesday, April 12th. The stock was sold at an average price of $169.55, for a total transaction of $6,757,245.70. Following the sale, the vice president now owns 48,900 shares of the company’s stock, valued at $8,290,995. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Constellation Brands, Inc. (NYSE:STZ) traded down 0.59% during trading on Thursday, hitting $168.95. 1,358,819 shares of the company’s stock were exchanged. The stock has a market cap of $33.03 billion, a P/E ratio of 22.47 and a beta of 0.52. The firm has a 50-day moving average price of $161.80 and a 200-day moving average price of $158.24. Constellation Brands, Inc. has a one year low of $144.00 and a one year high of $175.43.
Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Thursday, April 6th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.36 by $0.12. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.59 billion. Constellation Brands had a net margin of 16.65% and a return on equity of 19.07%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.19 EPS. Equities research analysts expect that Constellation Brands, Inc. will post $7.92 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 24th. Investors of record on Wednesday, May 10th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.23%. This is an increase from Constellation Brands’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Monday, May 8th. Constellation Brands’s dividend payout ratio is presently 24.73%.
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A number of research firms have recently weighed in on STZ. Royal Bank of Canada reiterated an “outperform” rating and set a $205.00 target price (up from $183.00) on shares of Constellation Brands in a report on Friday, April 7th. Credit Suisse Group AG set a $182.00 target price on shares of Constellation Brands and gave the stock a “hold” rating in a report on Saturday, April 8th. Stifel Nicolaus increased their target price on shares of Constellation Brands from $189.00 to $201.00 and gave the stock a “buy” rating in a report on Monday. Wells Fargo & Co reiterated an “outperform” rating on shares of Constellation Brands in a report on Monday. Finally, Cowen and Company reiterated an “outperform” rating and set a $195.00 target price on shares of Constellation Brands in a report on Monday. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Constellation Brands currently has an average rating of “Buy” and a consensus price target of $184.11.
A number of institutional investors have recently modified their holdings of the stock. Quadrant Capital Group LLC increased its position in shares of Constellation Brands by 7.8% in the third quarter. Quadrant Capital Group LLC now owns 731 shares of the company’s stock valued at $113,000 after buying an additional 53 shares during the last quarter. TLP Group LLC purchased a new position in shares of Constellation Brands during the third quarter valued at approximately $129,000. Brick & Kyle Associates increased its position in shares of Constellation Brands by 1.9% in the third quarter. Brick & Kyle Associates now owns 815 shares of the company’s stock valued at $136,000 after buying an additional 15 shares during the last quarter. Duncker Streett & Co. Inc. increased its position in shares of Constellation Brands by 179.0% in the third quarter. Duncker Streett & Co. Inc. now owns 837 shares of the company’s stock valued at $139,000 after buying an additional 537 shares during the last quarter. Finally, Elgethun Capital Management purchased a new position in shares of Constellation Brands during the fourth quarter valued at approximately $143,000. Institutional investors own 75.54% of the company’s stock.
Constellation Brands Company Profile
Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.
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