Investors Purchase Large Volume of Put Options on Constellation Brands (STZ)

Constellation Brands Inc (NYSE:STZ) saw some unusual options trading on Monday. Investors purchased 5,783 put options on the company. This is an increase of approximately 872% compared to the typical daily volume of 595 put options.

Constellation Brands (STZ) opened at $216.93 on Thursday. The company has a market capitalization of $42,317.62, a price-to-earnings ratio of 26.22, a P/E/G ratio of 1.39 and a beta of 0.08. The company has a quick ratio of 0.69, a current ratio of 1.61 and a debt-to-equity ratio of 1.01. Constellation Brands has a twelve month low of $144.00 and a twelve month high of $227.20.

Constellation Brands (NYSE:STZ) last posted its 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 firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.06 billion. Constellation Brands had a return on equity of 22.81% and a net margin of 21.47%. Constellation Brands’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.77 earnings per share. equities analysts expect that Constellation Brands will post 8.43 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.96%. The ex-dividend date was Monday, November 6th. Constellation Brands’s dividend payout ratio (DPR) is presently 23.85%.

A number of analysts have recently weighed in on STZ shares. Pivotal Research upped their price objective on Constellation Brands from $250.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, October 5th. Stifel Nicolaus upped their price objective on Constellation Brands from $216.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, October 6th. SunTrust Banks reaffirmed a “buy” rating and set a $230.00 price objective on shares of Constellation Brands in a research report on Friday, October 6th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $226.00 price objective on shares of Constellation Brands in a research report on Sunday, November 12th. Finally, Susquehanna Bancshares set a $200.00 price objective on Constellation Brands and gave the stock a “hold” rating in a research report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $216.00.

In other Constellation Brands news, insider William A. Newlands sold 2,935 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $210.10, for a total value of $616,643.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Thomas J. Mullin sold 18,227 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $217.01, for a total value of $3,955,441.27. Following the completion of the sale, the vice president now directly owns 72,924 shares in the company, valued at approximately $15,825,237.24. The disclosure for this sale can be found here. In the last three months, insiders sold 73,662 shares of company stock worth $15,564,585. 15.59% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. increased its holdings in Constellation Brands by 50.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 577 shares of the company’s stock valued at $112,000 after buying an additional 193 shares during the last quarter. Valeo Financial Advisors LLC acquired a new position in Constellation Brands in the third quarter valued at $153,000. Hanson McClain Inc. boosted its stake in Constellation Brands by 0.4% in the second quarter. Hanson McClain Inc. now owns 772 shares of the company’s stock valued at $149,000 after acquiring an additional 3 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in Constellation Brands by 609.1% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 780 shares of the company’s stock valued at $151,000 after acquiring an additional 670 shares in the last quarter. Finally, MPS Loria Financial Planners LLC acquired a new position in Constellation Brands in the second quarter valued at $157,000. 75.04% of the stock is currently owned by hedge funds and other institutional investors.

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About Constellation Brands

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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