Constellation Brands (NYSE:STZ) EVP James Bourdeau Sells 4,407 Shares

Constellation Brands Inc (NYSE:STZ) EVP James Bourdeau sold 4,407 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $143.24, for a total transaction of $631,258.68. Following the sale, the executive vice president owned 9,109 shares in the company, valued at approximately $1,304,773.16. This trade represents a 32.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Constellation Brands Price Performance

Shares of NYSE:STZ opened at $140.39 on Thursday. The firm’s 50 day moving average is $153.16 and its two-hundred day moving average is $148.07. Constellation Brands Inc has a 52 week low of $126.45 and a 52 week high of $196.91. The firm has a market capitalization of $24.18 billion, a P/E ratio of 14.64, a PEG ratio of 3.13 and a beta of 0.43. The company has a current ratio of 1.08, a quick ratio of 0.55 and a debt-to-equity ratio of 1.16.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Wednesday, April 8th. The company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.71 by $0.19. Constellation Brands had a net margin of 17.29% and a return on equity of 26.18%. The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the business earned $2.63 earnings per share. Constellation Brands’s revenue was down 11.3% compared to the same quarter last year. Analysts anticipate that Constellation Brands Inc will post 11.9 earnings per share for the current year.

Constellation Brands Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Wednesday, April 29th will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.9%. This is a positive change from Constellation Brands’s previous quarterly dividend of $1.02. The ex-dividend date is Wednesday, April 29th. Constellation Brands’s dividend payout ratio (DPR) is presently 42.96%.

Analysts Set New Price Targets

Several research firms have issued reports on STZ. Bank of America lifted their price target on shares of Constellation Brands from $142.00 to $154.00 and gave the stock an “underperform” rating in a research report on Friday, April 10th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Constellation Brands from $154.00 to $155.00 and gave the stock a “hold” rating in a research report on Friday, April 10th. Roth Mkm restated a “buy” rating on shares of Constellation Brands in a research report on Thursday, April 9th. TD Cowen upgraded shares of Constellation Brands from a “hold” rating to a “buy” rating and lifted their price target for the stock from $142.00 to $190.00 in a research report on Monday, April 13th. Finally, Evercore set a $175.00 price target on shares of Constellation Brands and gave the stock an “outperform” rating in a research report on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $176.30.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. lifted its stake in Constellation Brands by 329.8% in the third quarter. Oppenheimer Asset Management Inc. now owns 73,323 shares of the company’s stock worth $9,874,000 after acquiring an additional 56,263 shares during the period. Hudson Edge Investment Partners Inc. raised its holdings in Constellation Brands by 22.7% in the third quarter. Hudson Edge Investment Partners Inc. now owns 35,316 shares of the company’s stock worth $4,756,000 after purchasing an additional 6,542 shares in the last quarter. Nordea Investment Management AB raised its holdings in Constellation Brands by 6.1% in the fourth quarter. Nordea Investment Management AB now owns 867,776 shares of the company’s stock worth $120,300,000 after purchasing an additional 49,625 shares in the last quarter. Arlington Partners LLC raised its holdings in Constellation Brands by 146.9% in the third quarter. Arlington Partners LLC now owns 35,407 shares of the company’s stock worth $4,768,000 after purchasing an additional 21,067 shares in the last quarter. Finally, Cambiar Investors LLC raised its holdings in Constellation Brands by 27.5% in the third quarter. Cambiar Investors LLC now owns 227,218 shares of the company’s stock worth $30,599,000 after purchasing an additional 48,954 shares in the last quarter. Institutional investors own 77.34% of the company’s stock.

About Constellation Brands

Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on‑premise and foodservice channels and supports its brands with national sales and marketing platforms and supply‑chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.