Samuel J. Glaetzer Sells 3,150 Shares of Constellation Brands, Inc. (NYSE:STZ) Stock

Constellation Brands, Inc. (NYSE:STZ) EVP Samuel J. Glaetzer sold 3,150 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $188.54, for a total value of $593,901.00. Following the completion of the sale, the executive vice president now directly owns 3,126 shares of the company’s stock, valued at approximately $589,376.04. The trade was a 50.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Constellation Brands Stock Up 2.0%

STZ stock opened at $190.50 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. The stock has a market capitalization of $33.91 billion, a price-to-earnings ratio of 51.21, a PEG ratio of 1.52 and a beta of 1.75. The business’s fifty day moving average price is $183.90 and its two-hundred day moving average price is $199.73. Constellation Brands, Inc. has a fifty-two week low of $160.46 and a fifty-two week high of $265.70.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.35. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The company had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter last year, the business earned $2.26 earnings per share. Constellation Brands’s revenue was up 1.2% on a year-over-year basis. On average, equities analysts anticipate that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 29th were given a $1.02 dividend. The ex-dividend date was Tuesday, April 29th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.14%. This is a boost from Constellation Brands’s previous quarterly dividend of $1.01. Constellation Brands’s dividend payout ratio (DPR) is presently -800.00%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Mainstream Capital Management LLC bought a new position in shares of Constellation Brands in the fourth quarter worth $25,000. SBI Securities Co. Ltd. bought a new position in Constellation Brands in the fourth quarter valued at about $26,000. Compagnie Lombard Odier SCmA bought a new position in Constellation Brands in the fourth quarter valued at about $27,000. Union Bancaire Privee UBP SA bought a new position in Constellation Brands in the fourth quarter valued at about $28,000. Finally, Minot DeBlois Advisors LLC bought a new position in Constellation Brands in the fourth quarter valued at about $29,000. Institutional investors own 77.34% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Royal Bank of Canada cut their price objective on Constellation Brands from $289.00 to $233.00 and set an “outperform” rating for the company in a report on Monday, April 14th. Wells Fargo & Company cut their price target on Constellation Brands from $230.00 to $210.00 and set an “overweight” rating for the company in a report on Wednesday, April 2nd. Barclays raised their price target on Constellation Brands from $203.00 to $207.00 and gave the company an “overweight” rating in a report on Monday, April 14th. Citigroup cut their price target on Constellation Brands from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Finally, JPMorgan Chase & Co. cut their price target on Constellation Brands from $203.00 to $194.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Constellation Brands has a consensus rating of “Moderate Buy” and an average price target of $225.74.

About Constellation Brands

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.