Traders sold shares of Constellation Brands, Inc. (NYSE:STZ) on strength during trading on Monday. $98.75 million flowed into the stock on the tick-up and $233.84 million flowed out of the stock on the tick-down, for a money net flow of $135.09 million out of the stock. Of all stocks tracked, Constellation Brands had the 0th highest net out-flow for the day. Constellation Brands traded up $2.75 for the day and closed at $213.01
STZ has been the topic of several research analyst reports. Macquarie boosted their price target on Constellation Brands from $246.00 to $250.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 3rd. Zacks Investment Research raised Constellation Brands from a “hold” rating to a “buy” rating and set a $249.00 price target on the stock in a research note on Monday, December 18th. Royal Bank of Canada reissued a “buy” rating and set a $226.00 price target on shares of Constellation Brands in a research note on Sunday, November 12th. Credit Suisse Group boosted their price target on Constellation Brands from $211.00 to $226.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 9th. Finally, Wells Fargo & Co boosted their price target on Constellation Brands from $235.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, January 4th. Five investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Constellation Brands has a consensus rating of “Buy” and an average target price of $237.77.
The company has a current ratio of 1.40, a quick ratio of 0.54 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $41,300.00, a P/E ratio of 25.82, a PEG ratio of 1.31 and a beta of 0.11.
Constellation Brands (NYSE:STZ) last posted its earnings results on Friday, January 5th. The company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.13. Constellation Brands had a return on equity of 22.04% and a net margin of 22.55%. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the company earned $1.96 EPS. equities analysts forecast that Constellation Brands, Inc. will post 8.53 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Thursday, February 8th. Constellation Brands’s payout ratio is currently 11.30%.
Constellation Brands announced that its board has initiated a share repurchase plan on Friday, January 5th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.
In related news, Director Barry A. Fromberg sold 2,005 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $220.42, for a total value of $441,942.10. Following the sale, the director now owns 20,790 shares of the company’s stock, valued at approximately $4,582,531.80. The transaction was disclosed in a filing with the SEC, which is available through this link. 15.59% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of STZ. Arrowstreet Capital Limited Partnership raised its holdings in Constellation Brands by 11,394.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,183,937 shares of the company’s stock valued at $270,612,000 after acquiring an additional 1,173,637 shares during the last quarter. Egerton Capital UK LLP raised its holdings in Constellation Brands by 13.0% in the 3rd quarter. Egerton Capital UK LLP now owns 3,071,057 shares of the company’s stock valued at $612,522,000 after acquiring an additional 353,490 shares during the last quarter. KAMES CAPITAL plc raised its holdings in Constellation Brands by 3,223.4% in the 4th quarter. KAMES CAPITAL plc now owns 326,658 shares of the company’s stock valued at $74,671,000 after acquiring an additional 316,829 shares during the last quarter. Truepoint Inc. acquired a new position in Constellation Brands in the 3rd quarter valued at $294,000. Finally, Lord Abbett & CO. LLC acquired a new position in Constellation Brands in the 2nd quarter valued at $43,914,000. Institutional investors own 75.36% of the company’s stock.
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About Constellation Brands
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.
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