Insider Selling: Constellation Brands, Inc. (NYSE:STZ) EVP Sells 4,165 Shares of Stock

Constellation Brands, Inc. (NYSE:STZGet Rating) EVP James A. Jr. Sabia sold 4,165 shares of Constellation Brands stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $250.23, for a total transaction of $1,042,207.95. Following the completion of the transaction, the executive vice president now directly owns 27,102 shares in the company, valued at $6,781,733.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Constellation Brands Trading Up 0.7 %

Shares of STZ stock opened at $256.69 on Thursday. The stock has a market cap of $47.35 billion, a price-to-earnings ratio of 828.06, a PEG ratio of 2.05 and a beta of 0.98. The stock has a 50-day moving average of $236.72 and a 200-day moving average of $241.10. The company has a current ratio of 1.41, a quick ratio of 0.75 and a debt-to-equity ratio of 1.06. Constellation Brands, Inc. has a 1-year low of $207.59 and a 1-year high of $261.52.

Constellation Brands (NYSE:STZGet Rating) last issued its quarterly earnings results on Thursday, October 6th. The company reported $3.17 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.36. The company had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.51 billion. Constellation Brands had a return on equity of 19.05% and a net margin of 1.03%. The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.38 earnings per share. On average, equities research analysts forecast that Constellation Brands, Inc. will post 11.09 earnings per share for the current year.

Constellation Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 18th. Investors of record on Friday, November 4th were given a dividend of $0.80 per share. The ex-dividend date was Thursday, November 3rd. This represents a $3.20 annualized dividend and a dividend yield of 1.25%. Constellation Brands’s payout ratio is 300.01%.

Institutional Investors Weigh In On Constellation Brands

Institutional investors and hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. boosted its position in shares of Constellation Brands by 15.8% during the 1st quarter. Victory Capital Management Inc. now owns 292,551 shares of the company’s stock valued at $68,229,000 after purchasing an additional 39,949 shares in the last quarter. Walleye Capital LLC boosted its position in shares of Constellation Brands by 163.3% during the 2nd quarter. Walleye Capital LLC now owns 2,388 shares of the company’s stock valued at $557,000 after purchasing an additional 1,481 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Constellation Brands by 8.0% during the 1st quarter. Bank of America Corp DE now owns 2,376,746 shares of the company’s stock valued at $547,412,000 after purchasing an additional 176,991 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of Constellation Brands by 0.9% during the 1st quarter. HighTower Advisors LLC now owns 103,312 shares of the company’s stock valued at $23,801,000 after purchasing an additional 950 shares in the last quarter. Finally, Metis Global Partners LLC boosted its position in shares of Constellation Brands by 56.1% during the 1st quarter. Metis Global Partners LLC now owns 3,235 shares of the company’s stock valued at $745,000 after purchasing an additional 1,163 shares in the last quarter. Institutional investors own 73.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on STZ shares. BMO Capital Markets started coverage on shares of Constellation Brands in a research note on Tuesday, August 2nd. They issued an “outperform” rating and a $290.00 price objective on the stock. Sanford C. Bernstein lifted their price objective on shares of Constellation Brands to $275.00 in a research note on Thursday, October 13th. Wedbush started coverage on shares of Constellation Brands in a research note on Monday, October 10th. They issued an “outperform” rating and a $275.00 price objective on the stock. TheStreet cut shares of Constellation Brands from a “b” rating to a “c+” rating in a research note on Tuesday, September 20th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Constellation Brands from $241.00 to $243.00 and gave the stock a “hold” rating in a research note on Friday, October 7th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Constellation Brands presently has an average rating of “Moderate Buy” and an average price target of $279.43.

About Constellation Brands

(Get Rating)

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. It provides beer primarily under the Corona Extra, Corona Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands.

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Insider Buying and Selling by Quarter for Constellation Brands (NYSE:STZ)

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