Insider Selling: Constellation Brands Inc (STZ) VP Sells 18,227 Shares of Stock
Constellation Brands Inc (NYSE:STZ) VP Thomas J. Mullin sold 18,227 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $217.01, for a total transaction of $3,955,441.27. Following the completion of the sale, the vice president now directly owns 72,924 shares in the company, valued at $15,825,237.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Constellation Brands Inc (NYSE STZ) traded up $0.50 on Thursday, reaching $218.13. 616,303 shares of the company’s stock traded hands, compared to its average volume of 1,157,529. The company has a quick ratio of 0.69, a current ratio of 1.61 and a debt-to-equity ratio of 1.01. The company has a market cap of $42,149.39, a PE ratio of 26.12, a P/E/G ratio of 1.39 and a beta of 0.10. Constellation Brands Inc has a 1-year low of $144.00 and a 1-year high of $219.56.
Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Thursday, October 5th. The company reported $2.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.17 by $0.30. Constellation Brands had a net margin of 21.47% and a return on equity of 22.81%. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the prior year, the business earned $1.77 EPS. The business’s quarterly revenue was up 3.1% on a year-over-year basis. research analysts forecast that Constellation Brands Inc will post 8.43 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Monday, November 6th. Constellation Brands’s dividend payout ratio (DPR) is presently 23.85%.
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Several large investors have recently modified their holdings of STZ. Oppenheimer Asset Management Inc. lifted its stake in shares of Constellation Brands by 50.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 577 shares of the company’s stock worth $112,000 after purchasing an additional 193 shares during the period. North Star Investment Management Corp. lifted its stake in shares of Constellation Brands by 11.6% in the 2nd quarter. North Star Investment Management Corp. now owns 748 shares of the company’s stock worth $145,000 after purchasing an additional 78 shares during the period. Hanson McClain Inc. lifted its stake in shares of Constellation Brands by 0.4% in the 2nd quarter. Hanson McClain Inc. now owns 772 shares of the company’s stock worth $149,000 after purchasing an additional 3 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in shares of Constellation Brands by 609.1% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 780 shares of the company’s stock worth $151,000 after purchasing an additional 670 shares during the period. Finally, Acrospire Investment Management LLC lifted its stake in shares of Constellation Brands by 100.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 800 shares of the company’s stock worth $155,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors own 75.08% of the company’s stock.
A number of analysts have recently weighed in on STZ shares. BidaskClub raised shares of Constellation Brands from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Wells Fargo & Company reiterated an “outperform” rating and issued a $216.00 price target (up previously from $215.00) on shares of Constellation Brands in a research note on Saturday, July 22nd. Goldman Sachs Group, Inc. (The) cut shares of Constellation Brands from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $212.00 to $210.00 in a research note on Monday, July 24th. Royal Bank Of Canada reiterated a “buy” rating and issued a $220.00 price target on shares of Constellation Brands in a research note on Wednesday, August 2nd. Finally, Cowen and Company reiterated a “buy” rating and issued a $230.00 price target on shares of Constellation Brands in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $216.00.
About Constellation Brands
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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