Constellation Brands, Inc. (NYSE:STZ) CEO William A. Newlands Sells 4,013 Shares of Stock

Constellation Brands, Inc. (NYSE:STZ) CEO William A. Newlands sold 4,013 shares of the firm’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $263.25, for a total value of $1,056,422.25. Following the transaction, the chief executive officer now directly owns 5,395 shares of the company’s stock, valued at approximately $1,420,233.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Constellation Brands Stock Up 0.7 %

STZ opened at $261.64 on Wednesday. Constellation Brands, Inc. has a fifty-two week low of $221.81 and a fifty-two week high of $274.87. The business has a 50-day moving average of $258.78 and a 200-day moving average of $247.57. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.19 and a quick ratio of 0.53. The company has a market capitalization of $47.83 billion, a PE ratio of 27.89, a price-to-earnings-growth ratio of 1.76 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Thursday, April 11th. The company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.16. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period last year, the business earned $1.98 EPS. The business’s quarterly revenue was up 7.1% on a year-over-year basis. Equities research analysts forecast that Constellation Brands, Inc. will post 13.51 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be paid a dividend of $1.01 per share. The ex-dividend date is Thursday, May 2nd. This is an increase from Constellation Brands’s previous quarterly dividend of $0.89. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.54%. Constellation Brands’s dividend payout ratio (DPR) is 43.07%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in STZ. Impact Partnership Wealth LLC raised its stake in shares of Constellation Brands by 1,175.0% in the 3rd quarter. Impact Partnership Wealth LLC now owns 102 shares of the company’s stock valued at $26,000 after acquiring an additional 94 shares in the last quarter. BKM Wealth Management LLC bought a new position in shares of Constellation Brands in the 4th quarter valued at approximately $28,000. Asset Dedication LLC raised its stake in shares of Constellation Brands by 3,833.3% in the 3rd quarter. Asset Dedication LLC now owns 118 shares of the company’s stock valued at $30,000 after acquiring an additional 115 shares in the last quarter. Kapitalo Investimentos Ltda bought a new position in shares of Constellation Brands in the 4th quarter valued at approximately $35,000. Finally, First Financial Corp IN bought a new position in shares of Constellation Brands in the 1st quarter valued at approximately $35,000. 77.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on STZ. Wedbush reaffirmed an “outperform” rating and set a $300.00 target price on shares of Constellation Brands in a research note on Wednesday, April 10th. Bank of America increased their price target on Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Roth Mkm reiterated a “buy” rating and issued a $305.00 price target on shares of Constellation Brands in a research report on Friday, April 12th. Deutsche Bank Aktiengesellschaft increased their price target on Constellation Brands from $256.00 to $262.00 and gave the company a “hold” rating in a research report on Wednesday, April 10th. Finally, BMO Capital Markets increased their price target on Constellation Brands from $290.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, April 12th. Three investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, Constellation Brands currently has a consensus rating of “Moderate Buy” and an average price target of $298.55.

About Constellation Brands

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.