Constellation Brands Inc (NYSE:STZ) VP Thomas Michael Kane Sells 4,940 Shares
Constellation Brands Inc (NYSE:STZ) VP Thomas Michael Kane sold 4,940 shares of Constellation Brands stock in a transaction on Friday, July 7th. The stock was sold at an average price of $193.28, for a total transaction of $954,803.20. Following the completion of the transaction, the vice president now directly owns 8,914 shares in the company, valued at $1,722,897.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Constellation Brands Inc (NYSE STZ) traded up 0.04% during mid-day trading on Tuesday, reaching $193.89. 872,964 shares of the company’s stock were exchanged. The stock has a market capitalization of $37.87 billion, a PE ratio of 24.32 and a beta of 0.07. Constellation Brands Inc has a 1-year low of $144.00 and a 1-year high of $197.41. The firm’s 50-day moving average is $182.37 and its 200 day moving average is $165.44.
Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Thursday, June 29th. The company reported $2.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.36. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.95 billion. Constellation Brands had a net margin of 19.94% and a return on equity of 21.57%. The company’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.54 earnings per share. Analysts forecast that Constellation Brands Inc will post $8.16 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Monday, August 7th. Constellation Brands’s dividend payout ratio is presently 26.03%.
Several equities analysts have issued reports on STZ shares. OTR Global lowered shares of Constellation Brands to a “positive” rating in a report on Tuesday, March 28th. Morgan Stanley boosted their price objective on shares of Constellation Brands from $204.00 to $218.00 and gave the company an “overweight” rating in a report on Monday, July 3rd. Zacks Investment Research lowered shares of Constellation Brands from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Royal Bank Of Canada reissued a “buy” rating and set a $183.00 price objective on shares of Constellation Brands in a report on Friday, March 31st. Finally, J P Morgan Chase & Co began coverage on shares of Constellation Brands in a report on Tuesday, March 21st. They set an “overweight” rating and a $183.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Constellation Brands has a consensus rating of “Buy” and a consensus target price of $199.94.
Several institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can raised its position in Constellation Brands by 3.2% in the second quarter. Bank of Montreal Can now owns 98,693 shares of the company’s stock worth $19,120,000 after buying an additional 3,081 shares in the last quarter. Central Bank & Trust Co. raised its position in Constellation Brands by 2.1% in the second quarter. Central Bank & Trust Co. now owns 22,515 shares of the company’s stock worth $4,362,000 after buying an additional 471 shares in the last quarter. Fulton Bank N.A. raised its position in Constellation Brands by 19.2% in the second quarter. Fulton Bank N.A. now owns 2,785 shares of the company’s stock worth $539,000 after buying an additional 448 shares in the last quarter. Iberiabank Corp raised its position in Constellation Brands by 9.9% in the second quarter. Iberiabank Corp now owns 12,053 shares of the company’s stock worth $2,335,000 after buying an additional 1,086 shares in the last quarter. Finally, Daiwa SB Investments Ltd. raised its position in Constellation Brands by 36.0% in the second quarter. Daiwa SB Investments Ltd. now owns 4,570 shares of the company’s stock worth $885,000 after buying an additional 1,210 shares in the last quarter. 75.57% of the stock is owned by institutional investors and hedge funds.
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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