Constellation Brands Inc. (STZ) Hits New 12-Month High at $168.68
Shares of Constellation Brands Inc. (NYSE:STZ) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $168.68 and last traded at $166.11, with a volume of 432,998 shares changing hands. The stock had previously closed at $166.69.
Several brokerages have issued reports on STZ. SunTrust Banks Inc. reaffirmed a “buy” rating and set a $180.00 target price on shares of Constellation Brands in a research report on Friday, June 3rd. Zacks Investment Research raised Constellation Brands from a “sell” rating to a “hold” rating and set a $183.00 target price on the stock in a research report on Friday, July 1st. Susquehanna reaffirmed a “hold” rating on shares of Constellation Brands in a research report on Monday, August 8th. Vetr raised Constellation Brands from a “buy” rating to a “strong-buy” rating and set a $181.72 target price on the stock in a research report on Monday, May 16th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $181.00 target price on shares of Constellation Brands in a research report on Wednesday, June 22nd. Six analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $174.10.
The stock has a 50-day moving average price of $164.71 and a 200 day moving average price of $155.48.
Constellation Brands (NYSE:STZ) last announced its earnings results on Thursday, June 30th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.02. The firm earned $1.87 billion during the quarter. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.26 earnings per share. Equities analysts anticipate that Constellation Brands Inc. will post $6.31 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 10th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend was Monday, August 8th.
In other Constellation Brands news, CFO David Eric Klein sold 14,300 shares of the business’s stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $166.27, for a total value of $2,377,661.00. Following the completion of the transaction, the chief financial officer now owns 36,152 shares in the company, valued at $6,010,993.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Thomas J. Mullin sold 9,516 shares of the business’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $166.42, for a total transaction of $1,583,652.72. Following the completion of the transaction, the vice president now owns 88,602 shares of the company’s stock, valued at approximately $14,745,144.84. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Constellation Brands stock. KBC Group NV increased its stake in shares of Constellation Brands Inc. (NYSE:STZ) by 12.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,412 shares of the company’s stock after buying an additional 2,218 shares during the period. KBC Group NV’s holdings in Constellation Brands were worth $2,907,000 at the end of the most recent reporting period.
Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer and wine the United States and Canada. 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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