Investors Buy Shares of Constellation Brands (STZ) on Weakness
Traders purchased shares of Constellation Brands, Inc. (NYSE:STZ) on weakness during trading hours on Monday. $117.79 million flowed into the stock on the tick-up and $75.95 million flowed out of the stock on the tick-down, for a money net flow of $41.84 million into the stock. Of all companies tracked, Constellation Brands had the 25th highest net in-flow for the day. Constellation Brands traded down ($1.71) for the day and closed at $172.77
Several analysts recently weighed in on the company. Jefferies Financial Group restated a “buy” rating and issued a $289.00 price target on shares of Constellation Brands in a research note on Wednesday, October 17th. Zacks Investment Research upgraded Constellation Brands from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 16th. Citigroup decreased their target price on Constellation Brands to $168.00 and set a “neutral” rating on the stock in a report on Thursday, January 10th. Cowen reaffirmed a “top pick” rating on shares of Constellation Brands in a report on Thursday, January 10th. Finally, ValuEngine cut Constellation Brands from a “buy” rating to a “hold” rating in a report on Tuesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. Constellation Brands has an average rating of “Buy” and a consensus target price of $226.81.
The company has a current ratio of 1.08, a quick ratio of 0.43 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $33.27 billion, a PE ratio of 19.81, a PEG ratio of 2.09 and a beta of 0.48.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 26th. Stockholders of record on Tuesday, February 12th will be paid a $0.74 dividend. The ex-dividend date is Monday, February 11th. This represents a $2.96 annualized dividend and a dividend yield of 1.71%. Constellation Brands’s dividend payout ratio (DPR) is presently 10.67%.
In other Constellation Brands news, Director Barry A. Fromberg sold 810 shares of the stock in a transaction on Friday, February 1st. The shares were sold at an average price of $173.05, for a total transaction of $140,170.50. Following the transaction, the director now directly owns 20,550 shares in the company, valued at approximately $3,556,177.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 15.80% of the stock is currently owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in STZ. Mackenzie Financial Corp grew its position in Constellation Brands by 169.6% in the 4th quarter. Mackenzie Financial Corp now owns 1,093,303 shares of the company’s stock valued at $175,825,000 after buying an additional 687,703 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in Constellation Brands by 98.6% during the third quarter. TIAA CREF Investment Management LLC now owns 1,299,152 shares of the company’s stock valued at $280,123,000 after acquiring an additional 644,939 shares in the last quarter. Diamond Hill Capital Management Inc. raised its position in Constellation Brands by 689.3% during the third quarter. Diamond Hill Capital Management Inc. now owns 584,421 shares of the company’s stock valued at $126,013,000 after acquiring an additional 510,376 shares in the last quarter. Third Point LLC raised its position in shares of Constellation Brands by 20.0% in the third quarter. Third Point LLC now owns 2,400,000 shares of the company’s stock valued at $517,488,000 after purchasing an additional 400,000 shares during the period. Finally, Eagle Asset Management Inc. bought a new position in shares of Constellation Brands in the fourth quarter valued at approximately $55,937,000. 73.88% of the stock is currently owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY WARNING: “Investors Buy Shares of Constellation Brands (STZ) on Weakness” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright laws. The original version of this story can be read at https://www.thecerbatgem.com/2019/02/11/investors-buy-shares-of-constellation-brands-stz-on-weakness.html.
About Constellation Brands (NYSE:STZ)
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. The company sells wine across various categories, including table wine, sparkling wine, and dessert wine. It provides beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Obregon Brewery, and Ballast Point brands.
Further Reading: How Do Front-End Loads Impact an Investment?
Receive News & Ratings for Constellation Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Constellation Brands and related companies with MarketBeat.com's FREE daily email newsletter.