Investors Buy Constellation Brands (STZ) on Weakness

Traders bought shares of Constellation Brands, Inc. (NYSE:STZ) on weakness during trading on Wednesday. $193.96 million flowed into the stock on the tick-up and $130.85 million flowed out of the stock on the tick-down, for a money net flow of $63.11 million into the stock. Of all stocks tracked, Constellation Brands had the 17th highest net in-flow for the day. Constellation Brands traded down ($2.72) for the day and closed at $219.36

STZ has been the subject of several research reports. Macquarie initiated coverage on Constellation Brands in a research report on Thursday, September 14th. They set an “outperform” rating and a $227.00 price objective for the company. Susquehanna Bancshares restated a “neutral” rating and set a $193.00 price objective (up from $169.00) on shares of Constellation Brands in a research report on Monday, October 2nd. Pivotal Research lifted their price objective on Constellation Brands from $250.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, October 5th. SunTrust Banks restated a “buy” rating and set a $230.00 price objective on shares of Constellation Brands in a research report on Friday, October 6th. Finally, Stifel Nicolaus lifted their price objective on Constellation Brands from $216.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $229.00.

The company has a current ratio of 1.61, a quick ratio of 0.69 and a debt-to-equity ratio of 1.01. The stock has a market cap of $42,840.00, a price-to-earnings ratio of 26.65, a price-to-earnings-growth ratio of 1.42 and a beta of 0.08.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Friday, January 5th. The company reported $2.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.13. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.87 billion. Constellation Brands had a return on equity of 22.49% and a net margin of 22.55%. During the same period in the previous year, the firm posted $1.96 EPS. equities research analysts anticipate that Constellation Brands, Inc. will post 8.44 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 9th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $2.08 annualized dividend and a yield of 0.95%. Constellation Brands’s dividend payout ratio (DPR) is presently 11.30%.

Constellation Brands declared that its Board of Directors has authorized a stock buyback plan on Friday, January 5th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

In other Constellation Brands news, VP Thomas J. Mullin sold 18,227 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $217.01, for a total value of $3,955,441.27. Following the completion of the transaction, the vice president now directly owns 72,924 shares in the company, valued at approximately $15,825,237.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Thomas J. Mullin sold 50,000 shares of the business’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $209.45, for a total value of $10,472,500.00. The disclosure for this sale can be found here. Insiders own 15.59% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its stake in shares of Constellation Brands by 0.9% during the 2nd quarter. BlackRock Inc. now owns 11,708,547 shares of the company’s stock valued at $2,268,295,000 after buying an additional 103,312 shares during the period. Vanguard Group Inc. grew its stake in shares of Constellation Brands by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 11,276,593 shares of the company’s stock valued at $2,184,613,000 after buying an additional 350,346 shares during the period. Egerton Capital UK LLP grew its stake in shares of Constellation Brands by 13.0% during the 3rd quarter. Egerton Capital UK LLP now owns 3,071,057 shares of the company’s stock valued at $612,522,000 after buying an additional 353,490 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Constellation Brands by 488.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,192,858 shares of the company’s stock valued at $231,093,000 after buying an additional 990,152 shares during the period. Finally, Janus Henderson Group PLC grew its stake in shares of Constellation Brands by 4,909.6% during the 2nd quarter. Janus Henderson Group PLC now owns 1,134,716 shares of the company’s stock valued at $219,829,000 after buying an additional 1,112,065 shares during the period. Institutional investors own 74.86% of the company’s stock.

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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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