Constellation Brands, Inc. (NYSE:STZ) EVP Robert Lee Hanson sold 2,028 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $200.39, for a total transaction of $406,390.92. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Robert Lee Hanson also recently made the following trade(s):
- On Thursday, January 9th, Robert Lee Hanson sold 4,056 shares of Constellation Brands stock. The shares were sold at an average price of $195.00, for a total transaction of $790,920.00.
Shares of NYSE:STZ opened at $198.72 on Thursday. The company has a current ratio of 1.41, a quick ratio of 0.86 and a debt-to-equity ratio of 0.94. Constellation Brands, Inc. has a 12 month low of $163.52 and a 12 month high of $214.48. The company has a 50-day moving average price of $191.49 and a 200 day moving average price of $193.53. The company has a market cap of $38.34 billion, a price-to-earnings ratio of 47.88, a PEG ratio of 2.77 and a beta of 0.72.
Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Wednesday, January 8th. The company reported $2.14 EPS for the quarter, beating the Zacks’ consensus estimate of $1.84 by $0.30. Constellation Brands had a net margin of 9.21% and a return on equity of 14.15%. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter last year, the firm earned $2.37 EPS. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, equities analysts forecast that Constellation Brands, Inc. will post 8.83 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Monday, February 10th. Constellation Brands’s payout ratio is 10.02%.
Institutional investors have recently bought and sold shares of the stock. Cypress Capital Management LLC raised its position in Constellation Brands by 2.1% in the 3rd quarter. Cypress Capital Management LLC now owns 9,945 shares of the company’s stock worth $2,061,000 after purchasing an additional 205 shares during the period. Chesapeake Wealth Management raised its position in Constellation Brands by 19.0% in the 3rd quarter. Chesapeake Wealth Management now owns 1,343 shares of the company’s stock worth $278,000 after purchasing an additional 214 shares during the period. Arizona State Retirement System raised its position in Constellation Brands by 0.8% in the 4th quarter. Arizona State Retirement System now owns 48,075 shares of the company’s stock worth $9,122,000 after purchasing an additional 397 shares during the period. Cerebellum GP LLC raised its position in Constellation Brands by 34.5% in the 4th quarter. Cerebellum GP LLC now owns 2,920 shares of the company’s stock worth $554,000 after purchasing an additional 749 shares during the period. Finally, Ballast Inc. raised its position in Constellation Brands by 44.8% in the 4th quarter. Ballast Inc. now owns 2,014 shares of the company’s stock worth $382,000 after purchasing an additional 623 shares during the period. 72.18% of the stock is currently owned by institutional investors.
Several research analysts have commented on the stock. Credit Suisse Group increased their price objective on shares of Constellation Brands from $228.00 to $233.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Deutsche Bank dropped their price objective on shares of Constellation Brands from $197.00 to $196.00 and set a “hold” rating for the company in a report on Friday, December 13th. Evercore ISI reissued a “buy” rating and set a $235.00 price objective on shares of Constellation Brands in a report on Wednesday, December 4th. Royal Bank of Canada reissued a “buy” rating and set a $250.00 price objective on shares of Constellation Brands in a report on Thursday, January 23rd. Finally, Morgan Stanley increased their price target on shares of Constellation Brands from $208.00 to $211.00 and gave the company an “equal weight” rating in a report on Thursday, January 9th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $227.61.
About Constellation Brands
Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. It provides beer primarily under the Corona Extra, Corona Light, Corona Premier, Corona Familiar Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Four Corners, and Ballast Point brands.
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