Constellation Brands, Inc. (NYSE:STZ) Chairman Robert Sands sold 23,611 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $206.48, for a total value of $4,875,199.28. Following the transaction, the chairman now owns 570,857 shares of the company’s stock, valued at approximately $117,870,553.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Constellation Brands stock traded down $2.01 on Friday, reaching $204.79. 891,373 shares of the company were exchanged, compared to its average volume of 2,326,632. The firm has a market capitalization of $39.19 billion, a PE ratio of 22.07, a price-to-earnings-growth ratio of 2.81 and a beta of 0.54. The company has a quick ratio of 0.49, a current ratio of 1.16 and a debt-to-equity ratio of 0.92. Constellation Brands, Inc. has a fifty-two week low of $150.37 and a fifty-two week high of $234.26.
Constellation Brands (NYSE:STZ) last announced its earnings results on Thursday, April 4th. The company reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.12. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.73 billion. Constellation Brands had a return on equity of 15.63% and a net margin of 38.67%. Constellation Brands’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.90 earnings per share. Analysts expect that Constellation Brands, Inc. will post 8.51 EPS for the current year.
Institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc grew its holdings in shares of Constellation Brands by 210.9% during the first quarter. Versant Capital Management Inc now owns 143 shares of the company’s stock valued at $25,000 after buying an additional 97 shares in the last quarter. Mosaic Family Wealth LLC purchased a new position in shares of Constellation Brands during the first quarter valued at $27,000. Truewealth LLC grew its holdings in shares of Constellation Brands by 467.9% during the fourth quarter. Truewealth LLC now owns 159 shares of the company’s stock valued at $26,000 after buying an additional 131 shares in the last quarter. Bay Harbor Wealth Management LLC purchased a new position in shares of Constellation Brands during the first quarter valued at $33,000. Finally, City Holding Co. purchased a new position in shares of Constellation Brands during the fourth quarter valued at $31,000. 74.05% of the stock is currently owned by institutional investors.
A number of research firms recently issued reports on STZ. Zacks Investment Research upgraded Constellation Brands from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. ValuEngine raised Constellation Brands from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th. Macquarie set a $183.00 price objective on Constellation Brands and gave the stock a “hold” rating in a research note on Friday, April 5th. Deutsche Bank downgraded Constellation Brands from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $191.00 to $194.00 in a research note on Friday, April 5th. Finally, Morgan Stanley raised Constellation Brands to a “hold” rating in a research note on Friday, April 5th. Eleven research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $223.13.
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Constellation Brands Company Profile
Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. It provides beer primarily under the Corona Extra, Corona Light, Corona Premier, Corona Familiar Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Four Corners, and Ballast Point brands.
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