Constellation Brands Inc (NYSE:STZ – Get Free Report) EVP James Bourdeau sold 4,407 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $143.24, for a total transaction of $631,258.68. Following the sale, the executive vice president owned 9,109 shares in the company, valued at $1,304,773.16. The trade was a 32.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Constellation Brands Price Performance
Constellation Brands stock traded down $2.14 during trading hours on Wednesday, reaching $140.39. 2,227,350 shares of the stock were exchanged, compared to its average volume of 2,281,861. The company has a market cap of $24.18 billion, a P/E ratio of 14.64, a price-to-earnings-growth ratio of 3.12 and a beta of 1.75. The company has a current ratio of 1.08, a quick ratio of 0.55 and a debt-to-equity ratio of 1.16. Constellation Brands Inc has a twelve month low of $126.45 and a twelve month high of $196.91. The stock has a 50 day moving average of $153.48 and a two-hundred day moving average of $148.06.
Constellation Brands (NYSE:STZ – Get Free Report) last announced its quarterly earnings data on Wednesday, April 8th. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.19. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.84 billion. Constellation Brands had a net margin of 17.29% and a return on equity of 26.18%. The business’s revenue for the quarter was down 11.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.63 earnings per share. Equities analysts expect that Constellation Brands Inc will post 11.9 EPS for the current fiscal year.
Constellation Brands Increases Dividend
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the stock. Bank of America increased their target price on shares of Constellation Brands from $142.00 to $154.00 and gave the stock an “underperform” rating in a report on Friday, April 10th. Barclays increased their target price on shares of Constellation Brands from $151.00 to $170.00 and gave the stock an “equal weight” rating in a report on Friday, April 10th. Wells Fargo & Company increased their target price on shares of Constellation Brands from $180.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, April 10th. TD Cowen raised shares of Constellation Brands from a “hold” rating to a “buy” rating and increased their target price for the stock from $142.00 to $190.00 in a report on Monday, April 13th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $185.00 target price on shares of Constellation Brands in a report on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $176.30.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. raised its holdings in Constellation Brands by 329.8% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 73,323 shares of the company’s stock valued at $9,874,000 after buying an additional 56,263 shares during the last quarter. Hudson Edge Investment Partners Inc. raised its holdings in Constellation Brands by 22.7% in the 3rd quarter. Hudson Edge Investment Partners Inc. now owns 35,316 shares of the company’s stock valued at $4,756,000 after buying an additional 6,542 shares during the last quarter. Nordea Investment Management AB raised its holdings in Constellation Brands by 6.1% in the 4th quarter. Nordea Investment Management AB now owns 867,776 shares of the company’s stock valued at $120,300,000 after buying an additional 49,625 shares during the last quarter. Arlington Partners LLC raised its holdings in Constellation Brands by 146.9% in the 3rd quarter. Arlington Partners LLC now owns 35,407 shares of the company’s stock valued at $4,768,000 after buying an additional 21,067 shares during the last quarter. Finally, Cambiar Investors LLC raised its holdings in Constellation Brands by 27.5% in the 3rd quarter. Cambiar Investors LLC now owns 227,218 shares of the company’s stock valued at $30,599,000 after buying an additional 48,954 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.
About Constellation Brands
Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on‑premise and foodservice channels and supports its brands with national sales and marketing platforms and supply‑chain capabilities.
The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.
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