Constellation Brands, Inc. (NYSE:STZ) EVP Sells $370,810.70 in Stock

Constellation Brands, Inc. (NYSE:STZ) EVP Samuel J. Glaetzer sold 1,510 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $245.57, for a total transaction of $370,810.70. Following the transaction, the executive vice president now directly owns 4,970 shares of the company’s stock, valued at approximately $1,220,482.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Constellation Brands Stock Performance

Constellation Brands stock opened at $243.60 on Thursday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.53 and a current ratio of 1.25. Constellation Brands, Inc. has a one year low of $227.64 and a one year high of $274.87. The stock’s 50 day moving average price is $246.51 and its 200 day moving average price is $251.83. The firm has a market capitalization of $44.57 billion, a PE ratio of 18.15, a price-to-earnings-growth ratio of 1.70 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last posted its earnings results on Thursday, October 3rd. The company reported $4.32 EPS for the quarter, topping analysts’ consensus estimates of $4.08 by $0.24. The business had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.95 billion. Constellation Brands had a net margin of 5.29% and a return on equity of 25.34%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $3.70 earnings per share. As a group, sell-side analysts expect that Constellation Brands, Inc. will post 13.57 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th will be paid a dividend of $1.01 per share. The ex-dividend date is Tuesday, November 5th. This represents a $4.04 annualized dividend and a dividend yield of 1.66%. Constellation Brands’s dividend payout ratio is presently 30.10%.

Wall Street Analyst Weigh In

Several research firms have weighed in on STZ. Evercore ISI dropped their price target on Constellation Brands from $310.00 to $300.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $308.00 target price on shares of Constellation Brands in a research note on Friday, October 4th. Barclays reduced their target price on Constellation Brands from $309.00 to $300.00 and set an “overweight” rating on the stock in a research report on Monday, October 7th. Roth Mkm restated a “buy” rating and issued a $298.00 price target on shares of Constellation Brands in a report on Friday, October 4th. Finally, Morgan Stanley decreased their target price on shares of Constellation Brands from $305.00 to $280.00 and set an “overweight” rating on the stock in a research report on Monday, August 26th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $290.47.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Secure Asset Management LLC increased its holdings in Constellation Brands by 19.2% during the 3rd quarter. Secure Asset Management LLC now owns 6,344 shares of the company’s stock worth $1,635,000 after purchasing an additional 1,022 shares during the last quarter. Compass Wealth Management LLC increased its stake in shares of Constellation Brands by 5.6% in the third quarter. Compass Wealth Management LLC now owns 37,839 shares of the company’s stock worth $9,751,000 after buying an additional 2,022 shares during the last quarter. nVerses Capital LLC increased its stake in shares of Constellation Brands by 31.0% in the third quarter. nVerses Capital LLC now owns 3,800 shares of the company’s stock worth $979,000 after buying an additional 900 shares during the last quarter. FLC Capital Advisors bought a new position in Constellation Brands during the 3rd quarter valued at $912,000. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO grew its holdings in Constellation Brands by 21.8% during the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 8,081 shares of the company’s stock worth $2,082,000 after acquiring an additional 1,445 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Company Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.