Insider Selling: Constellation Brands Inc (STZ) EVP Sells 5,000 Shares of Stock
Constellation Brands Inc (NYSE:STZ) EVP Christopher Stenzel sold 5,000 shares of the business’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $196.75, for a total transaction of $983,750.00. Following the transaction, the executive vice president now owns 39,721 shares of the company’s stock, valued at $7,815,106.75. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Constellation Brands Inc (STZ) traded down 0.09% during mid-day trading on Thursday, reaching $198.12. 1,575,833 shares of the company’s stock traded hands. The stock has a market capitalization of $38.69 billion, a PE ratio of 24.85 and a beta of 0.07. The stock has a 50-day moving average price of $187.76 and a 200-day moving average price of $169.50. Constellation Brands Inc has a 12-month low of $144.00 and a 12-month high of $199.89.
Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Thursday, June 29th. The company reported $2.34 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.36. Constellation Brands had a net margin of 19.94% and a return on equity of 21.57%. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period last year, the company posted $1.54 EPS. The business’s revenue was up 3.4% on a year-over-year basis. Equities research analysts expect that Constellation Brands Inc will post $8.17 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Monday, August 7th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.05%. Constellation Brands’s payout ratio is currently 26.03%.
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Several institutional investors have recently modified their holdings of STZ. Oakbrook Investments LLC acquired a new position in shares of Constellation Brands during the second quarter worth approximately $1,322,000. Rehmann Capital Advisory Group purchased a new position in Constellation Brands during the second quarter worth approximately $288,000. Assenagon Asset Management S.A. purchased a new position in Constellation Brands during the second quarter worth approximately $56,892,000. Aperio Group LLC boosted its position in Constellation Brands by 13.7% in the second quarter. Aperio Group LLC now owns 75,853 shares of the company’s stock worth $14,695,000 after buying an additional 9,121 shares in the last quarter. Finally, Main Street Research LLC purchased a new position in Constellation Brands during the second quarter worth approximately $331,000. 75.39% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently commented on STZ shares. OTR Global lowered shares of Constellation Brands to a “positive” rating in a research report on Tuesday, March 28th. Royal Bank Of Canada restated a “buy” rating and set a $183.00 price target on shares of Constellation Brands in a research report on Friday, March 31st. Susquehanna Bancshares Inc restated a “hold” rating and set a $158.00 price target on shares of Constellation Brands in a research report on Wednesday, April 5th. Pivotal Research boosted their price target on shares of Constellation Brands from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, April 6th. Finally, UBS AG boosted their price target on shares of Constellation Brands from $162.00 to $176.00 and gave the company a “neutral” rating in a research report on Friday, April 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $198.53.
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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