Constellation Brands (NYSE:STZ) Stock: Insider Samuel Glaetzer Sells 750 Shares

Constellation Brands Inc (NYSE:STZ) EVP Samuel Glaetzer sold 750 shares of the stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $145.66, for a total transaction of $109,245.00. Following the completion of the transaction, the executive vice president owned 3,783 shares in the company, valued at approximately $551,031.78. This trade represents a 16.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Constellation Brands Stock Performance

STZ traded up $0.73 during trading on Friday, reaching $145.33. 1,873,106 shares of the company’s stock were exchanged, compared to its average volume of 2,232,522. Constellation Brands Inc has a 1 year low of $110.60 and a 1 year high of $168.60. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.00 and a quick ratio of 0.53. The stock has a market capitalization of $24.59 billion, a P/E ratio of 13.03, a price-to-earnings-growth ratio of 2.96 and a beta of 0.39. The company’s fifty day simple moving average is $127.61 and its 200-day simple moving average is $141.05.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Tuesday, October 6th. The company reported $3.74 EPS for the quarter, beating the consensus estimate of $3.62 by $0.12. The business had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.54 billion. Constellation Brands had a net margin of 19.57% and a return on equity of 24.75%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business posted $3.63 EPS. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. As a group, research analysts predict that Constellation Brands Inc will post 11.85 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 13th. Investors of record on Friday, October 30th were given a dividend of $1.03 per share. The ex-dividend date was Friday, October 30th. This represents a $4.12 dividend on an annualized basis and a yield of 2.8%. Constellation Brands’s payout ratio is currently 36.95%.

Institutional Trading of Constellation Brands

Several hedge funds and other institutional investors have recently added to or reduced their stakes in STZ. Marshall Wace LLP raised its position in shares of Constellation Brands by 41.6% in the third quarter. Marshall Wace LLP now owns 1,249,948 shares of the company’s stock worth $141,319,000 after acquiring an additional 367,183 shares during the period. Empowered Funds LLC boosted its stake in shares of Constellation Brands by 45.1% during the 3rd quarter. Empowered Funds LLC now owns 130,660 shares of the company’s stock worth $14,772,000 after acquiring an additional 40,624 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Constellation Brands by 7.6% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 9,378 shares of the company’s stock worth $1,060,000 after acquiring an additional 659 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Constellation Brands by 12.9% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 8,454 shares of the company’s stock worth $956,000 after acquiring an additional 966 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its position in shares of Constellation Brands by 6.6% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 133,216 shares of the company’s stock valued at $15,061,000 after acquiring an additional 8,302 shares during the period. Institutional investors and hedge funds own 77.34% of the company’s stock.

Wall Street Analysts Forecast Growth

STZ has been the topic of several recent research reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Constellation Brands in a report on Tuesday, October 27th. The Goldman Sachs Group set a $155.00 price target on Constellation Brands in a research report on Wednesday, October 7th. JPMorgan Chase & Co. lifted their price objective on Constellation Brands from $133.00 to $136.00 and gave the company a “neutral” rating in a research note on Thursday, October 8th. Wells Fargo & Company decreased their price objective on Constellation Brands from $170.00 to $140.00 and set an “overweight” rating for the company in a report on Monday, October 5th. Finally, Piper Sandler set a $125.00 price target on Constellation Brands in a research report on Thursday, October 8th. Twelve investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, Constellation Brands presently has an average rating of “Hold” and an average price target of $154.09.

Constellation Brands Company Profile

Constellation Brands is a beverage alcohol company focused on beer, wine and spirits. Its beer portfolio includes Modelo Especial, Corona Extra and Pacifico, which it markets in the United States under its agreement with Grupo Modelo. The company also owns premium wine and spirits brands, including Robert Mondavi Winery and The Prisoner Wine Company. Its products reach consumers primarily in the United States, with operations and distribution extending to other markets. Founded in 1945 as Canandaigua Wine Company in New York, the business grew through brand development and acquisitions before adopting the Constellation Brands name.