Constellation Brands, Inc. (NYSE:STZ) EVP David Eric Klein sold 25,980 shares of the firm’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $198.66, for a total value of $5,161,186.80. Following the transaction, the executive vice president now directly owns 69,852 shares in the company, valued at $13,876,798.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of STZ opened at $210.14 on Thursday. The stock has a market capitalization of $37.75 billion, a P/E ratio of 22.64, a P/E/G ratio of 2.72 and a beta of 0.45. Constellation Brands, Inc. has a 1-year low of $150.37 and a 1-year high of $236.62. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.49 and a current ratio of 1.16.
Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Thursday, April 4th. The company reported $1.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.72 by $0.12. The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Constellation Brands had a return on equity of 15.63% and a net margin of 38.67%. Constellation Brands’s revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the business posted $1.90 EPS. As a group, equities analysts forecast that Constellation Brands, Inc. will post 8.51 EPS for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wright Investors Service Inc. increased its stake in Constellation Brands by 29.2% in the 1st quarter. Wright Investors Service Inc. now owns 4,682 shares of the company’s stock worth $821,000 after purchasing an additional 1,057 shares in the last quarter. Benchmark Financial Wealth Advisors LLC increased its stake in Constellation Brands by 5.0% in the 1st quarter. Benchmark Financial Wealth Advisors LLC now owns 1,422 shares of the company’s stock worth $249,000 after purchasing an additional 68 shares in the last quarter. Altman Advisors Inc. increased its stake in Constellation Brands by 3.0% in the 1st quarter. Altman Advisors Inc. now owns 8,458 shares of the company’s stock worth $1,483,000 after purchasing an additional 248 shares in the last quarter. Ellis Investment Partners LLC purchased a new position in Constellation Brands in the 1st quarter worth about $53,000. Finally, Oppenheimer & Co. Inc. boosted its position in Constellation Brands by 11.3% during the 1st quarter. Oppenheimer & Co. Inc. now owns 38,253 shares of the company’s stock worth $6,707,000 after acquiring an additional 3,879 shares during the period. 73.17% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on the company. Zacks Investment Research raised Constellation Brands from a “sell” rating to a “hold” rating in a report on Wednesday. ValuEngine raised Constellation Brands from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. Macquarie set a $183.00 target price on Constellation Brands and gave the stock a “hold” rating in a report on Friday, April 5th. Deutsche Bank lowered Constellation Brands from a “buy” rating to a “hold” rating and lifted their target price for the stock from $191.00 to $194.00 in a report on Friday, April 5th. Finally, Morgan Stanley raised Constellation Brands to a “hold” rating in a report on Friday, April 5th. Eleven equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $223.13.
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. 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.
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