Constellation Brands, Inc. (NYSE:STZ) EVP Sells $4,160,345.03 in Stock

Constellation Brands, Inc. (NYSE:STZ) EVP James A. Jr. Sabia sold 15,781 shares of the stock in a transaction on Friday, April 12th. The shares were sold at an average price of $263.63, for a total value of $4,160,345.03. Following the sale, the executive vice president now owns 20,910 shares of the company’s stock, valued at approximately $5,512,503.30. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Constellation Brands Price Performance

Shares of STZ opened at $260.70 on Friday. The business’s 50-day moving average is $258.19 and its two-hundred day moving average is $247.29. The company has a market capitalization of $47.66 billion, a P/E ratio of 27.79, a P/E/G ratio of 1.74 and a beta of 0.97. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.53 and a current ratio of 1.19. Constellation Brands, Inc. has a fifty-two week low of $221.81 and a fifty-two week high of $274.87.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Thursday, April 11th. The company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.16. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.09 billion. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the firm earned $1.98 EPS. Research analysts predict that Constellation Brands, Inc. will post 13.51 earnings per share for the current year.

Constellation Brands Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be given a dividend of $1.01 per share. This is an increase from Constellation Brands’s previous quarterly dividend of $0.89. This represents a $4.04 annualized dividend and a yield of 1.55%. The ex-dividend date is Thursday, May 2nd. Constellation Brands’s dividend payout ratio (DPR) is currently 37.95%.

Institutional Investors Weigh In On Constellation Brands

A number of institutional investors have recently modified their holdings of the business. Maryland State Retirement & Pension System grew its position in shares of Constellation Brands by 1.9% during the 1st quarter. Maryland State Retirement & Pension System now owns 12,641 shares of the company’s stock valued at $3,265,000 after acquiring an additional 240 shares during the period. FORVIS Wealth Advisors LLC grew its position in shares of Constellation Brands by 4.4% during the 1st quarter. FORVIS Wealth Advisors LLC now owns 10,314 shares of the company’s stock valued at $2,803,000 after acquiring an additional 433 shares during the period. Leeward Investments LLC MA grew its position in shares of Constellation Brands by 4.0% during the 1st quarter. Leeward Investments LLC MA now owns 48,655 shares of the company’s stock valued at $13,223,000 after acquiring an additional 1,860 shares during the period. Teamwork Financial Advisors LLC grew its position in shares of Constellation Brands by 351.2% during the 1st quarter. Teamwork Financial Advisors LLC now owns 5,816 shares of the company’s stock valued at $1,581,000 after acquiring an additional 4,527 shares during the period. Finally, American National Bank & Trust Co. VA acquired a new stake in shares of Constellation Brands during the 1st quarter valued at about $5,139,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. UBS Group increased their price objective on Constellation Brands from $312.00 to $320.00 and gave the company a “buy” rating in a report on Friday, April 12th. Evercore ISI increased their price objective on Constellation Brands from $300.00 to $310.00 and gave the company an “outperform” rating in a report on Friday, April 12th. Royal Bank of Canada increased their price objective on Constellation Brands from $295.00 to $308.00 and gave the company an “outperform” rating in a report on Friday, April 12th. Jefferies Financial Group increased their price objective on Constellation Brands from $292.00 to $314.00 and gave the company a “buy” rating in a report on Friday, April 12th. Finally, Argus upgraded Constellation Brands from a “hold” rating to a “buy” rating and set a $306.00 price objective for the company in a report on Monday, April 15th. Three analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $298.55.

Constellation Brands Company Profile

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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.