Constellation Brands, Inc. (NYSE:STZ) EVP James A. Jr. Sabia Sells 15,781 Shares

Constellation Brands, Inc. (NYSE:STZ) EVP James A. Jr. Sabia sold 15,781 shares of the business’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the completion of the sale, the executive vice president now directly owns 20,910 shares of the company’s stock, valued at $5,512,503.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Constellation Brands Trading Up 0.8 %

Shares of Constellation Brands stock opened at $260.70 on Friday. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06. The company’s 50-day simple moving average is $258.19 and its 200-day simple moving average is $247.29. Constellation Brands, Inc. has a 52-week low of $221.81 and a 52-week high of $274.87. The firm has a market cap of $47.66 billion, a price-to-earnings ratio of 27.79, a price-to-earnings-growth ratio of 1.74 and a beta of 0.97.

Constellation Brands (NYSE:STZ) last issued its earnings results on Thursday, April 11th. The company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.16. Constellation Brands had a net margin of 16.13% and a return on equity of 23.06%. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the prior year, the business posted $1.98 earnings per share. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Constellation Brands, Inc. will post 13.51 earnings per share for the current year.

Constellation Brands Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be given a dividend of $1.01 per share. This is a positive change from Constellation Brands’s previous quarterly dividend of $0.89. This represents a $4.04 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, May 2nd. Constellation Brands’s dividend payout ratio is presently 37.95%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Roth Mkm reissued a “buy” rating and issued a $305.00 price target on shares of Constellation Brands in a research report on Friday, April 12th. UBS Group boosted their price target on shares of Constellation Brands from $312.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, April 12th. HSBC upped their target price on shares of Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a report on Friday, April 12th. Jefferies Financial Group upped their target price on shares of Constellation Brands from $292.00 to $314.00 and gave the company a “buy” rating in a report on Friday, April 12th. Finally, Evercore ISI upped their target price on shares of Constellation Brands from $300.00 to $310.00 and gave the company an “outperform” rating in a report on Friday, April 12th. Three investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $298.55.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kestra Private Wealth Services LLC grew its position in shares of Constellation Brands by 17.2% in the third quarter. Kestra Private Wealth Services LLC now owns 17,218 shares of the company’s stock valued at $4,327,000 after purchasing an additional 2,526 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Constellation Brands by 15.3% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,433 shares of the company’s stock valued at $8,151,000 after purchasing an additional 4,311 shares during the last quarter. Perigon Wealth Management LLC grew its position in shares of Constellation Brands by 46.0% in the fourth quarter. Perigon Wealth Management LLC now owns 6,012 shares of the company’s stock valued at $1,453,000 after purchasing an additional 1,893 shares during the last quarter. CoreCap Advisors LLC grew its position in shares of Constellation Brands by 35.8% in the fourth quarter. CoreCap Advisors LLC now owns 2,002 shares of the company’s stock valued at $484,000 after purchasing an additional 528 shares during the last quarter. Finally, Ascent Wealth Partners LLC acquired a new stake in shares of Constellation Brands in the fourth quarter valued at approximately $962,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Constellation Brands Company Profile

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