Traders Buy Shares of Constellation Brands (STZ) on Weakness on Insider Selling

Investors bought shares of Constellation Brands, Inc. (NYSE:STZ) on weakness during trading hours on Wednesday after an insider sold shares in the company. $266.34 million flowed into the stock on the tick-up and $237.83 million flowed out of the stock on the tick-down, for a money net flow of $28.51 million into the stock. Of all stocks tracked, Constellation Brands had the 24th highest net in-flow for the day. Constellation Brands traded down ($7.74) for the day and closed at $166.98Specifically, Director Barry A. Fromberg sold 1,500 shares of the firm’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $174.72, for a total value of $262,080.00. Following the completion of the sale, the director now directly owns 18,240 shares in the company, valued at $3,186,892.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Barry A. Fromberg sold 810 shares of the firm’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $173.05, for a total transaction of $140,170.50. Following the completion of the sale, the director now owns 20,550 shares of the company’s stock, valued at $3,556,177.50. The disclosure for this sale can be found here. Company insiders own 15.80% of the company’s stock.

A number of equities analysts have weighed in on STZ shares. ValuEngine downgraded shares of Constellation Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, October 23rd. Macquarie downgraded shares of Constellation Brands from an “outperform” rating to a “neutral” rating and set a $210.00 target price for the company. in a research note on Thursday, November 29th. Zacks Investment Research raised shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $222.00 target price for the company in a research note on Wednesday, December 5th. Jefferies Financial Group reaffirmed a “buy” rating and set a $289.00 target price on shares of Constellation Brands in a research note on Friday, December 7th. Finally, UBS Group started coverage on shares of Constellation Brands in a research note on Thursday, December 13th. They set a “neutral” rating and a $209.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Constellation Brands currently has an average rating of “Buy” and an average price target of $227.42.

The stock has a market cap of $33.27 billion, a price-to-earnings ratio of 19.15, a P/E/G ratio of 2.09 and a beta of 0.48. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.43 and a current ratio of 1.08.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Wednesday, January 9th. The company reported $2.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.04 by $0.33. The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.91 billion. Constellation Brands had a net margin of 35.27% and a return on equity of 17.62%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.00 earnings per share. On average, equities analysts anticipate that Constellation Brands, Inc. will post 9.2 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 26th. Investors of record on Tuesday, February 12th will be given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Monday, February 11th. Constellation Brands’s dividend payout ratio (DPR) is currently 10.67%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in Constellation Brands by 0.6% in the third quarter. BlackRock Inc. now owns 12,057,795 shares of the company’s stock worth $2,599,903,000 after purchasing an additional 70,095 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Constellation Brands by 0.3% in the third quarter. Vanguard Group Inc. now owns 12,013,148 shares of the company’s stock worth $2,590,276,000 after purchasing an additional 30,782 shares during the last quarter. Vanguard Group Inc boosted its holdings in Constellation Brands by 0.3% in the third quarter. Vanguard Group Inc now owns 12,013,148 shares of the company’s stock worth $2,590,276,000 after purchasing an additional 30,782 shares during the last quarter. Capital World Investors boosted its holdings in Constellation Brands by 3.4% in the third quarter. Capital World Investors now owns 4,054,750 shares of the company’s stock worth $874,285,000 after purchasing an additional 133,500 shares during the last quarter. Finally, Third Point LLC boosted its holdings in Constellation Brands by 20.0% in the third quarter. Third Point LLC now owns 2,400,000 shares of the company’s stock worth $517,488,000 after purchasing an additional 400,000 shares during the last quarter. 72.12% of the stock is owned by institutional investors.

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Constellation Brands Company Profile (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.

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