Insider Selling: Thomas J. Mullin Sells 4,284 Shares of Constellation Brands Stock (STZ)
Constellation Brands (NYSE:STZ) VP Thomas J. Mullin sold 4,284 shares of the company’s stock on the open market in a transaction dated Friday, May 2nd. The shares were sold at an average price of $80.80, for a total transaction of $346,147.20. Following the sale, the vice president now directly owns 65,621 shares in the company, valued at approximately $5,302,177. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on STZ. Analysts at Zacks reiterated a “neutral” rating on shares of Constellation Brands in a research note on Wednesday, April 30th. They now have a $84.00 price target on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of Constellation Brands from $80.00 to $90.00 in a research note on Friday, April 11th. They now have a “neutral” rating on the stock. Two analysts have rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $82.56.
Shares of Constellation Brands (NYSE:STZ) traded up 0.85% on Monday, hitting $81.82. The stock had a trading volume of 923,077 shares. Constellation Brands has a 1-year low of $48.68 and a 1-year high of $85.91. The stock’s 50-day moving average is $81.39 and its 200-day moving average is $75.32. The company has a market cap of $15.693 billion and a price-to-earnings ratio of 8.25.
Constellation Brands (NYSE:STZ) last announced its earnings results on Wednesday, April 9th. The company reported $0.81 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.76 by $0.05. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the company posted $0.47 earnings per share. The company’s quarterly revenue was up 85.5% on a year-over-year basis. Analysts expect that Constellation Brands will post $4.09 EPS for the current fiscal year.
Constellation Brands, Inc, is a wine company. The Company is a marketer of imported beer in the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.