Constellation Brands Target of Unusually Large Options Trading (NYSE:STZ)

Constellation Brands Inc (NYSE:STZ) was the recipient of some unusual options trading on Tuesday. Stock traders bought 13,886 put options on the stock. Thisrepresentsanincreaseofapproximately45% compared to the average volume of 9,578 put options.

Insider Buying and Selling

In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of the business’s stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $169.00, for a total value of $138,749.00. Following the sale, the executive vice president owned 9,438 shares in the company, valued at approximately $1,595,022. The trade was a 8.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 12.45% of the company’s stock.

Institutional Trading of Constellation Brands

Institutional investors have recently modified their holdings of the stock. Harbor Capital Advisors Inc. lifted its position in shares of Constellation Brands by 36.4% during the 1st quarter. Harbor Capital Advisors Inc. now owns 3,051 shares of the company’s stock valued at $560,000 after acquiring an additional 815 shares during the period. Golden State Wealth Management LLC lifted its position in shares of Constellation Brands by 137.0% during the 1st quarter. Golden State Wealth Management LLC now owns 2,204 shares of the company’s stock valued at $405,000 after acquiring an additional 1,274 shares during the period. Oppenheimer Asset Management Inc. lifted its position in shares of Constellation Brands by 28.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,360 shares of the company’s stock valued at $1,351,000 after acquiring an additional 1,651 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Constellation Brands by 7.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 17,206 shares of the company’s stock valued at $3,180,000 after acquiring an additional 1,185 shares during the period. Finally, Bessemer Group Inc. lifted its position in shares of Constellation Brands by 3.0% during the 1st quarter. Bessemer Group Inc. now owns 2,242 shares of the company’s stock valued at $412,000 after acquiring an additional 65 shares during the period. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Stock Performance

NYSE STZ traded down $11.19 on Tuesday, reaching $150.75. The stock had a trading volume of 3,257,827 shares, compared to its average volume of 2,393,343. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.07 and a quick ratio of 0.68. The firm has a fifty day moving average of $168.30 and a two-hundred day moving average of $175.87. Constellation Brands has a 1-year low of $149.36 and a 1-year high of $261.06. The company has a market cap of $26.58 billion, a P/E ratio of -63.14, a price-to-earnings-growth ratio of 0.44 and a beta of 0.67.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Tuesday, July 1st. The company reported $3.22 EPS for the quarter, missing analysts’ consensus estimates of $3.45 by ($0.23). Constellation Brands had a negative net margin of 4.11% and a positive return on equity of 31.41%. The firm had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same period in the prior year, the company earned $3.57 earnings per share. The business’s quarterly revenue was down 5.5% compared to the same quarter last year. Constellation Brands has set its FY 2026 guidance at 12.600-12.900 EPS. On average, equities research analysts anticipate that Constellation Brands will post 13.5 EPS for the current year.

Constellation Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Wednesday, July 30th. Constellation Brands’s dividend payout ratio is presently -170.71%.

Analysts Set New Price Targets

STZ has been the topic of several recent analyst reports. UBS Group boosted their price target on Constellation Brands from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, July 3rd. Deutsche Bank Aktiengesellschaft lowered their price target on Constellation Brands from $191.00 to $185.00 and set a “hold” rating on the stock in a research report on Thursday, June 5th. Wall Street Zen raised Constellation Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, May 20th. Raymond James Financial raised Constellation Brands to a “strong-buy” rating in a report on Monday, July 7th. Finally, Piper Sandler boosted their target price on Constellation Brands from $165.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, June 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Constellation Brands presently has an average rating of “Moderate Buy” and an average target price of $212.35.

About Constellation Brands

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