Insider Selling: Constellation Brands Director Sells 1,000 Shares of Stock (STZ)
Constellation Brands (NYSE:STZ) Director Mark Zupan sold 1,000 shares of Constellation Brands stock on the open market in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $91.43, for a total transaction of $91,430.00. Following the transaction, the director now directly owns 20,604 shares of the company’s stock, valued at approximately $1,883,824. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on STZ. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Constellation Brands in a research note on Thursday. They now have a $95.00 price target on the stock, up previously from $82.00. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Constellation Brands in a research note on Thursday. They now have a $100.00 price target on the stock, up previously from $93.00. Finally, analysts at Stifel Nicolaus raised their price target on shares of Constellation Brands from $90.00 to $113.00 in a research note on Thursday. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. Constellation Brands currently has a consensus rating of “Hold” and an average price target of $90.56.
Constellation Brands (NYSE:STZ) traded down 0.44% during mid-day trading on Monday, hitting $90.75. The stock had a trading volume of 1,363,253 shares. Constellation Brands has a one year low of $49.32 and a one year high of $94.77. The stock has a 50-day moving average of $84.8 and a 200-day moving average of $80.35. The company has a market cap of $17.385 billion and a price-to-earnings ratio of 8.33.
Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Wednesday, July 2nd. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.14. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 126.7% on a year-over-year basis. On average, analysts predict that Constellation Brands will post $4.24 earnings per share for the current fiscal year.
Constellation Brands, Inc, is a wine company. The Company is a marketer of imported beer in the United States.
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