Key Points
- Constellation Brands EVP James Bourdeau sold 4,407 shares on May 12 at an average price of $143.24, totaling about $631,259. After the sale, he still owned 9,109 shares.
- The company reported better-than-expected quarterly earnings, with EPS of $1.90 versus the $1.71 consensus estimate and revenue of $1.92 billion, though sales were down 11.3% year over year.
- Constellation Brands raised its quarterly dividend to $1.03 per share, and analysts remain generally positive with a consensus rating of Moderate Buy and an average price target of $176.30.
Constellation Brands Inc (NYSE:STZ - Get Free Report) EVP James Bourdeau sold 4,407 shares of the firm's stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $143.24, for a total value of $631,258.68. Following the transaction, the executive vice president owned 9,109 shares of the company's stock, 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 available at this hyperlink.
Constellation Brands Price Performance
Shares of NYSE:STZ opened at $140.39 on Thursday. Constellation Brands Inc has a 1-year low of $126.45 and a 1-year high of $196.91. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.08 and a quick ratio of 0.55. The business has a fifty day moving average price of $153.16 and a 200-day moving average price of $148.07. The company has a market capitalization of $24.18 billion, a PE ratio of 14.64, a PEG ratio of 3.13 and a beta of 0.43.
Constellation Brands (NYSE:STZ - Get Free Report) last issued its quarterly earnings results on Wednesday, April 8th. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.19. Constellation Brands had a return on equity of 26.18% and a net margin of 17.29%.The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period last year, the company earned $2.63 earnings per share. The company's revenue was down 11.3% on a year-over-year basis. As a group, equities analysts expect that Constellation Brands Inc will post 11.9 EPS for the current fiscal year.
Constellation Brands Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Wednesday, April 29th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.9%. This is a boost from Constellation Brands's previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Wednesday, April 29th. Constellation Brands's payout ratio is 42.96%.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on STZ. Needham & Company LLC boosted their price target on Constellation Brands from $180.00 to $185.00 and gave the company a "buy" rating in a research note on Friday, April 10th. TD Cowen upgraded Constellation Brands from a "hold" rating to a "buy" rating and boosted their price target for the company from $142.00 to $190.00 in a research note on Monday, April 13th. Royal Bank Of Canada restated an "outperform" rating and set a $185.00 price target on shares of Constellation Brands in a research note on Friday, April 10th. Roth Mkm restated a "buy" rating on shares of Constellation Brands in a research note on Thursday, April 9th. Finally, Bank of America boosted their price target on Constellation Brands from $142.00 to $154.00 and gave the company an "underperform" rating in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $176.30.
Get Our Latest Analysis on Constellation Brands
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in STZ. Gibbs Wealth Management raised its holdings in shares of Constellation Brands by 183.9% during the 1st quarter. Gibbs Wealth Management now owns 15,793 shares of the company's stock worth $2,369,000 after acquiring an additional 10,230 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Constellation Brands by 10.2% during the 1st quarter. Cetera Investment Advisers now owns 70,364 shares of the company's stock worth $10,555,000 after acquiring an additional 6,522 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Constellation Brands by 16.9% during the 1st quarter. First Trust Advisors LP now owns 312,977 shares of the company's stock worth $46,947,000 after acquiring an additional 45,239 shares in the last quarter. Westpac Banking Corp raised its holdings in shares of Constellation Brands by 86.8% during the 1st quarter. Westpac Banking Corp now owns 833 shares of the company's stock worth $125,000 after acquiring an additional 387 shares in the last quarter. Finally, ABN Amro Investment Solutions raised its holdings in shares of Constellation Brands by 25.1% during the 1st quarter. ABN Amro Investment Solutions now owns 14,638 shares of the company's stock worth $2,196,000 after acquiring an additional 2,940 shares in the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.
Constellation Brands Company Profile
(
Get Free Report)
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.
Further Reading
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