Constellation Brands Inc (NYSE:STZ) VP Sells $10,472,500.00 in Stock

Constellation Brands Inc (NYSE:STZ) VP Thomas J. Mullin sold 50,000 shares of Constellation Brands stock in a transaction on Monday, October 16th. The stock was sold at an average price of $209.45, for a total transaction of $10,472,500.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Constellation Brands Inc (NYSE:STZ) opened at 211.74 on Friday. The firm has a market capitalization of $41.42 billion, a price-to-earnings ratio of 24.32 and a beta of 0.04. The company’s 50-day moving average is $205.36 and its 200-day moving average is $191.44. Constellation Brands Inc has a 52-week low of $144.00 and a 52-week high of $214.53.



Constellation Brands (NYSE:STZ) last posted its earnings results on Thursday, October 5th. The company reported $2.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.17 by $0.30. Constellation Brands had a net margin of 21.47% and a return on equity of 22.81%. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same period last year, the firm posted $1.77 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. Equities analysts predict that Constellation Brands Inc will post $8.37 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th will be paid a dividend of $0.52 per share. The ex-dividend date is Monday, November 6th. This represents a $2.08 annualized dividend and a dividend yield of 0.98%. Constellation Brands’s dividend payout ratio is currently 23.85%.

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STZ has been the subject of several research reports. Morgan Stanley lifted their price objective on shares of Constellation Brands from $204.00 to $218.00 and gave the stock an “overweight” rating in a research note on Monday, July 3rd. Macquarie initiated coverage on shares of Constellation Brands in a research note on Thursday, September 14th. They set an “outperform” rating and a $227.00 price objective for the company. BidaskClub upgraded shares of Constellation Brands from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Royal Bank Of Canada reiterated a “buy” rating and set a $220.00 price objective on shares of Constellation Brands in a research note on Wednesday, August 2nd. Finally, Susquehanna Bancshares Inc set a $200.00 target price on shares of Constellation Brands and gave the stock a “hold” rating in a report on Thursday, October 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $216.00.

Several institutional investors have recently added to or reduced their stakes in STZ. Oppenheimer Asset Management Inc. boosted its stake in shares of Constellation Brands by 50.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 577 shares of the company’s stock worth $112,000 after purchasing an additional 193 shares during the last quarter. Harbour Capital Advisors LLC acquired a new position in Constellation Brands during the first quarter valued at approximately $117,000. North Star Investment Management Corp. lifted its position in Constellation Brands by 11.6% during the second quarter. North Star Investment Management Corp. now owns 748 shares of the company’s stock valued at $145,000 after buying an additional 78 shares in the last quarter. Hanson McClain Inc. lifted its position in Constellation Brands by 0.4% during the second quarter. Hanson McClain Inc. now owns 772 shares of the company’s stock valued at $149,000 after buying an additional 3 shares in the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in Constellation Brands by 609.1% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 780 shares of the company’s stock valued at $151,000 after buying an additional 670 shares in the last quarter. 74.94% of the stock is currently owned by institutional investors.

Constellation Brands Company Profile

Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.

Insider Buying and Selling by Quarter for Constellation Brands (NYSE:STZ)

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