Investors Sell Constellation Brands Inc (STZ) on Strength (STZ)
Investors sold shares of Constellation Brands Inc (NYSE:STZ) on strength during trading on Wednesday. $39.54 million flowed into the stock on the tick-up and $77.62 million flowed out of the stock on the tick-down, for a money net flow of $38.08 million out of the stock. Of all companies tracked, Constellation Brands had the 19th highest net out-flow for the day. Constellation Brands traded up $2.15 for the day and closed at $217.63
STZ has been the subject of a number of recent analyst reports. Cowen and Company reissued a “buy” rating and issued a $230.00 target price on shares of Constellation Brands in a report on Thursday, August 3rd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $220.00 price target on shares of Constellation Brands in a research note on Wednesday, August 2nd. BidaskClub downgraded Constellation Brands from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Pivotal Research lifted their price target on Constellation Brands from $250.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, October 5th. Finally, Stifel Nicolaus lifted their price target on Constellation Brands from $216.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, October 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $216.00.
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 company has a market cap of $42,211.99, a P/E ratio of 26.16, a price-to-earnings-growth ratio of 1.39 and a beta of 0.10.
Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Thursday, October 5th. The company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.17 by $0.30. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Constellation Brands had a return on equity of 22.81% and a net margin of 21.47%. The firm’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.77 EPS. equities research analysts anticipate that Constellation Brands Inc will post 8.43 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.96%. The ex-dividend date is Monday, November 6th. Constellation Brands’s dividend payout ratio (DPR) is 23.85%.
In other Constellation Brands news, EVP William F. Hackett sold 12,517 shares of Constellation Brands stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $197.00, for a total value of $2,465,849.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Barry A. Fromberg sold 2,500 shares of Constellation Brands stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $208.00, for a total value of $520,000.00. The disclosure for this sale can be found here. Insiders sold a total of 67,952 shares of company stock valued at $14,074,993 in the last 90 days. 15.59% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Hanson McClain Inc. grew its holdings in Constellation Brands by 0.4% in the 2nd quarter. Hanson McClain Inc. now owns 772 shares of the company’s stock valued at $149,000 after buying an additional 3 shares during the period. Financial Architects Inc grew its holdings in shares of Constellation Brands by 1.4% during the 2nd quarter. Financial Architects Inc now owns 1,776 shares of the company’s stock worth $344,000 after purchasing an additional 25 shares during the period. Welch Group LLC grew its holdings in shares of Constellation Brands by 2.9% during the 2nd quarter. Welch Group LLC now owns 885 shares of the company’s stock worth $171,000 after purchasing an additional 25 shares during the period. Ray Gerald L & Associates Ltd. grew its holdings in shares of Constellation Brands by 0.7% during the 2nd quarter. Ray Gerald L & Associates Ltd. now owns 4,630 shares of the company’s stock worth $897,000 after purchasing an additional 30 shares during the period. Finally, LS Investment Advisors LLC grew its holdings in shares of Constellation Brands by 0.8% during the 2nd quarter. LS Investment Advisors LLC now owns 4,958 shares of the company’s stock worth $961,000 after purchasing an additional 39 shares during the period. Institutional investors own 75.08% 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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