Constellation Brands (NYSE:STZ) EVP Samuel Glaetzer Sells 750 Shares of Company Stock

Constellation Brands Inc (NYSE:STZ) EVP Samuel Glaetzer sold 750 shares of the company’s stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $145.66, for a total transaction of $109,245.00. Following the sale, the executive vice president directly owned 3,783 shares in the company, valued at $551,031.78. This represents a 16.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Constellation Brands Stock Performance

NYSE STZ opened at $144.52 on Friday. Constellation Brands Inc has a 1-year low of $110.60 and a 1-year high of $168.60. The company has a 50 day moving average of $127.28 and a 200-day moving average of $141.13. The company has a current ratio of 1.00, a quick ratio of 0.53 and a debt-to-equity ratio of 1.02. The firm has a market cap of $24.46 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 2.95 and a beta of 0.39.

Constellation Brands (NYSE:STZ) last announced its earnings results on Tuesday, October 6th. The company reported $3.74 EPS for the quarter, topping the consensus estimate of $3.62 by $0.12. The business had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.54 billion. Constellation Brands had a return on equity of 24.75% and a net margin of 19.57%. Constellation Brands’s revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business earned $3.63 EPS. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. On average, equities analysts forecast that Constellation Brands Inc will post 11.85 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be given a $1.03 dividend. The ex-dividend date is Friday, October 30th. This represents a $4.12 annualized dividend and a yield of 2.9%. Constellation Brands’s payout ratio is presently 36.95%.

Wall Street Analyst Weigh In

Several analysts have recently commented on STZ shares. Sanford C. Bernstein decreased their target price on Constellation Brands from $197.00 to $180.00 and set an “outperform” rating on the stock in a report on Monday, September 28th. The Goldman Sachs Group set a $155.00 price target on Constellation Brands in a report on Wednesday, October 7th. Morgan Stanley reiterated a “negative” rating and set a $145.00 price target (down from $158.00) on shares of Constellation Brands in a research report on Thursday, October 8th. Evercore set a $160.00 price target on shares of Constellation Brands in a research report on Monday, September 21st. Finally, Citigroup restated a “negative” rating on shares of Constellation Brands in a research report on Wednesday, October 7th. Twelve investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $154.09.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in shares of Constellation Brands by 5.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,826,652 shares of the company’s stock valued at $274,029,000 after acquiring an additional 88,538 shares during the period. Bank of America Corp DE raised its holdings in Constellation Brands by 9.5% during the 1st quarter. Bank of America Corp DE now owns 1,403,275 shares of the company’s stock worth $210,491,000 after purchasing an additional 121,515 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Constellation Brands by 4.0% during the 1st quarter. Bank of New York Mellon Corp now owns 1,042,651 shares of the company’s stock worth $156,398,000 after purchasing an additional 40,124 shares during the last quarter. Empyrean Capital Partners LP lifted its position in Constellation Brands by 3.3% during the 1st quarter. Empyrean Capital Partners LP now owns 606,200 shares of the company’s stock valued at $90,930,000 after purchasing an additional 19,500 shares during the period. Finally, Janus Henderson Group PLC lifted its position in Constellation Brands by 5.7% during the 1st quarter. Janus Henderson Group PLC now owns 585,891 shares of the company’s stock valued at $87,884,000 after purchasing an additional 31,749 shares during the period. 77.34% of the stock is currently owned by institutional investors.

About Constellation Brands

Constellation Brands is a beverage alcohol company focused on beer, wine and spirits. Its beer portfolio includes Modelo Especial, Corona Extra and Pacifico, which it markets in the United States under its agreement with Grupo Modelo. The company also owns premium wine and spirits brands, including Robert Mondavi Winery and The Prisoner Wine Company. Its products reach consumers primarily in the United States, with operations and distribution extending to other markets. Founded in 1945 as Canandaigua Wine Company in New York, the business grew through brand development and acquisitions before adopting the Constellation Brands name.