Constellation Brands Inc (NYSE:STZ - Get Free Report) EVP Samuel Glaetzer sold 750 shares of the company's stock in a transaction on Monday, November 9th. The shares were sold at an average price of $145.66, for a total transaction of $109,245.00. Following the sale, the executive vice president owned 3,783 shares of the company's stock, valued at $551,031.78. The trade was a 16.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Constellation Brands Stock Performance
Shares of STZ stock opened at $144.52 on Friday. The stock has a market cap of $24.46 billion, a PE ratio of 12.96, a price-to-earnings-growth ratio of 2.95 and a beta of 0.39. The stock has a 50-day moving average of $127.28 and a 200-day moving average of $141.13. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.00 and a quick ratio of 0.53. Constellation Brands Inc has a one year low of $110.60 and a one year high of $168.60.
Constellation Brands (NYSE:STZ - Get Free Report) last posted its earnings results on Tuesday, October 6th. The company reported $3.74 earnings per share for the quarter, topping the consensus estimate of $3.62 by $0.12. Constellation Brands had a net margin of 19.57% and a return on equity of 24.75%. The company had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same period last year, the business posted $3.63 earnings per share. The business's revenue for the quarter was up 6.1% compared to the same quarter last year. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. As a group, sell-side analysts expect that Constellation Brands Inc will post 11.85 earnings per share for the current year.
Constellation Brands Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, October 30th. Constellation Brands's payout ratio is presently 36.95%.
Analyst Ratings Changes
A number of research firms have recently commented on STZ. JPMorgan Chase & Co. raised their price target on Constellation Brands from $133.00 to $136.00 and gave the stock a "neutral" rating in a research report on Thursday, October 8th. TD Cowen lowered their target price on Constellation Brands from $174.00 to $150.00 and set a "buy" rating for the company in a research note on Thursday, September 17th. BNP Paribas Exane dropped their target price on shares of Constellation Brands from $115.00 to $110.00 and set an "underperform" rating on the stock in a report on Monday, September 21st. Sanford C. Bernstein dropped their target price on shares of Constellation Brands from $197.00 to $180.00 and set an "outperform" rating on the stock in a report on Monday, September 28th. Finally, Raymond James Financial set a $150.00 price target on shares of Constellation Brands in a research note on Thursday, September 17th. Twelve analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $154.09.
View Our Latest Stock Report on Constellation Brands
Hedge Funds Weigh In On Constellation Brands
Large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in shares of Constellation Brands by 5.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,826,652 shares of the company's stock worth $274,029,000 after acquiring an additional 88,538 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Constellation Brands by 9.5% during the 1st quarter. Bank of America Corp DE now owns 1,403,275 shares of the company's stock worth $210,491,000 after buying an additional 121,515 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Constellation Brands by 4.0% during the 1st quarter. Bank of New York Mellon Corp now owns 1,042,651 shares of the company's stock worth $156,398,000 after buying an additional 40,124 shares during the last quarter. Pzena Investment Management LLC grew its holdings in shares of Constellation Brands by 4.2% in the 3rd quarter. Pzena Investment Management LLC now owns 624,443 shares of the company's stock valued at $70,600,000 after acquiring an additional 25,129 shares in the last quarter. Finally, Empyrean Capital Partners LP grew its holdings in shares of Constellation Brands by 3.3% in the 1st quarter. Empyrean Capital Partners LP now owns 606,200 shares of the company's stock valued at $90,930,000 after acquiring an additional 19,500 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company's stock.
Constellation Brands Company Profile
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Get Free Report)
Constellation Brands is a beverage alcohol company focused on beer, wine and spirits. Its beer portfolio includes Modelo Especial, Corona Extra and Pacifico, which it markets in the United States under its agreement with Grupo Modelo. The company also owns premium wine and spirits brands, including Robert Mondavi Winery and The Prisoner Wine Company. Its products reach consumers primarily in the United States, with operations and distribution extending to other markets. Founded in 1945 as Canandaigua Wine Company in New York, the business grew through brand development and acquisitions before adopting the Constellation Brands name.
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