Constellation Brands (NYSE:STZ) EVP Sells $109,245.00 in Stock

Constellation Brands Inc (NYSE:STZ) EVP Samuel Glaetzer sold 750 shares of the stock in a transaction on Monday, November 9th. The stock was sold at an average price of $145.66, for a total value of $109,245.00. Following the transaction, the executive vice president directly owned 3,783 shares in the company, valued at $551,031.78. The trade was a 16.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Constellation Brands Stock Up 0.5%

Shares of STZ traded up $0.73 during trading hours on Friday, hitting $145.33. The company had a trading volume of 1,873,106 shares, compared to its average volume of 2,232,522. The company’s fifty day moving average price is $127.61 and its two-hundred day moving average price is $141.05. Constellation Brands Inc has a one year low of $110.60 and a one year high of $168.60. The company has a current ratio of 1.00, a quick ratio of 0.53 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $24.59 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of 2.96 and a beta of 0.39.

Constellation Brands (NYSE:STZ) last posted its earnings results on Tuesday, October 6th. The company reported $3.74 EPS for the quarter, beating analysts’ consensus estimates of $3.62 by $0.12. The company had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.54 billion. Constellation Brands had a net margin of 19.57% and a return on equity of 24.75%. Constellation Brands’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.63 earnings per share. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. As a group, equities analysts forecast that Constellation Brands Inc will post 11.85 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 13th. Shareholders of record on Friday, October 30th were paid a $1.03 dividend. The ex-dividend date was Friday, October 30th. This represents a $4.12 dividend on an annualized basis and a yield of 2.8%. Constellation Brands’s dividend payout ratio (DPR) is 36.95%.

Institutional Investors Weigh In On Constellation Brands

A number of large investors have recently bought and sold shares of the company. Nykredit A S purchased a new position in Constellation Brands in the second quarter valued at $83,687,000. Marshall Wace LLP raised its position in shares of Constellation Brands by 41.6% in the third quarter. Marshall Wace LLP now owns 1,249,948 shares of the company’s stock worth $141,319,000 after acquiring an additional 367,183 shares during the period. First Trust Advisors LP raised its position in shares of Constellation Brands by 103.5% in the third quarter. First Trust Advisors LP now owns 543,637 shares of the company’s stock worth $61,464,000 after acquiring an additional 276,551 shares during the period. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Constellation Brands during the 2nd quarter worth about $31,582,000. Finally, Assenagon Asset Management S.A. grew its position in shares of Constellation Brands by 197.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 338,172 shares of the company’s stock valued at $47,036,000 after acquiring an additional 224,578 shares during the period. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on STZ shares. The Goldman Sachs Group set a $155.00 price objective on shares of Constellation Brands in a report on Wednesday, October 7th. UBS Group lowered their target price on shares of Constellation Brands from $145.00 to $144.00 and set a “buy” rating for the company in a research note on Thursday, October 8th. Deutsche Bank dropped their target price on shares of Constellation Brands from $136.00 to $127.00 and set a “hold” rating on the stock in a research report on Thursday, October 8th. Evercore set a $160.00 price target on shares of Constellation Brands in a research note on Monday, September 21st. Finally, Citigroup reissued a “negative” rating on shares of Constellation Brands in a report on Wednesday, October 7th. Twelve equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $154.09.

Constellation Brands Company Profile

Constellation Brands is a beverage alcohol company focused on beer, wine and spirits. Its beer portfolio includes Modelo Especial, Corona Extra and Pacifico, which it markets in the United States under its agreement with Grupo Modelo. The company also owns premium wine and spirits brands, including Robert Mondavi Winery and The Prisoner Wine Company. Its products reach consumers primarily in the United States, with operations and distribution extending to other markets. Founded in 1945 as Canandaigua Wine Company in New York, the business grew through brand development and acquisitions before adopting the Constellation Brands name.