Constellation Brands, Inc. (NYSE:STZ) EVP Robert Lee Hanson sold 4,056 shares of the firm’s stock in a transaction that occurred on Thursday, January 9th. The shares were sold at an average price of $195.00, for a total transaction of $790,920.00. Following the completion of the transaction, the executive vice president now directly owns 8,591 shares in the company, valued at $1,675,245. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of NYSE STZ traded down $5.21 during midday trading on Friday, reaching $188.38. 1,881,238 shares of the stock were exchanged, compared to its average volume of 2,177,205. The business has a 50-day simple moving average of $185.81 and a two-hundred day simple moving average of $194.21. The company has a market capitalization of $36.47 billion, a price-to-earnings ratio of 20.30, a P/E/G ratio of 2.42 and a beta of 0.64. Constellation Brands, Inc. has a 12 month low of $157.14 and a 12 month high of $214.48. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.41 and a quick ratio of 1.01.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Wednesday, January 8th. The company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.30. The company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Constellation Brands had a net margin of 9.21% and a return on equity of 14.15%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the firm posted $2.37 earnings per share. Equities research analysts expect that Constellation Brands, Inc. will post 9.5 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 11th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.59%. Constellation Brands’s dividend payout ratio is 10.02%.

A number of brokerages have issued reports on STZ. Evercore ISI reaffirmed a “buy” rating and issued a $235.00 price objective on shares of Constellation Brands in a research note on Wednesday, December 4th. Credit Suisse Group raised their price objective on shares of Constellation Brands from $228.00 to $233.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. HSBC set a $235.00 price objective on shares of Constellation Brands and gave the company a “buy” rating in a research note on Tuesday, September 17th. ValuEngine cut shares of Constellation Brands from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Cowen reaffirmed a “buy” rating and issued a $240.00 price objective on shares of Constellation Brands in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $226.45.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Lenox Wealth Management Inc. bought a new position in shares of Constellation Brands during the third quarter worth $25,000. Capital Bank & Trust Co bought a new position in shares of Constellation Brands during the second quarter worth $39,000. NuWave Investment Management LLC boosted its position in shares of Constellation Brands by 100.9% during the third quarter. NuWave Investment Management LLC now owns 221 shares of the company’s stock worth $45,000 after purchasing an additional 111 shares in the last quarter. Doyle Wealth Management bought a new position in shares of Constellation Brands during the second quarter worth $51,000. Finally, Horan Capital Advisors LLC. bought a new stake in Constellation Brands in the 3rd quarter valued at $52,000. 72.01% of the stock is currently owned by institutional investors.

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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Insider Buying and Selling by Quarter for Constellation Brands (NYSE:STZ)

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