Constellation Brands, Inc. (NYSE:STZ) EVP Samuel J. Glaetzer Sells 3,150 Shares of Stock

Constellation Brands, Inc. (NYSE:STZ) EVP Samuel J. Glaetzer sold 3,150 shares of the business’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $188.54, for a total value of $593,901.00. Following the sale, the executive vice president now owns 3,126 shares in the company, valued at approximately $589,376.04. This trade represents a 50.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Constellation Brands Price Performance

Shares of Constellation Brands stock opened at $186.51 on Thursday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. The business’s 50 day simple moving average is $183.87 and its two-hundred day simple moving average is $200.05. The stock has a market capitalization of $33.20 billion, a P/E ratio of 50.14, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a one year low of $160.46 and a one year high of $265.70.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.35. The business had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.14 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.26 EPS. Analysts forecast that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Tuesday, April 29th will be given a dividend of $1.02 per share. The ex-dividend date is Tuesday, April 29th. This is a positive change from Constellation Brands’s previous quarterly dividend of $1.01. This represents a $4.08 annualized dividend and a dividend yield of 2.19%. Constellation Brands’s payout ratio is currently -800.00%.

Analyst Ratings Changes

A number of equities analysts have issued reports on STZ shares. Needham & Company LLC restated a “buy” rating and set a $215.00 price target on shares of Constellation Brands in a report on Thursday, April 10th. Morgan Stanley cut their price target on Constellation Brands from $202.00 to $195.00 and set an “equal weight” rating on the stock in a report on Friday, April 11th. Barclays increased their price target on Constellation Brands from $203.00 to $207.00 and gave the stock an “overweight” rating in a report on Monday, April 14th. The Goldman Sachs Group lowered their target price on Constellation Brands from $260.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Finally, StockNews.com raised Constellation Brands from a “sell” rating to a “hold” rating in a research report on Thursday, May 8th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $225.74.

Institutional Investors Weigh In On Constellation Brands

Several hedge funds have recently made changes to their positions in STZ. Mainstream Capital Management LLC bought a new position in shares of Constellation Brands during the fourth quarter valued at $25,000. SBI Securities Co. Ltd. bought a new position in shares of Constellation Brands during the fourth quarter valued at $26,000. Compagnie Lombard Odier SCmA bought a new position in shares of Constellation Brands during the fourth quarter valued at $27,000. Union Bancaire Privee UBP SA bought a new position in shares of Constellation Brands during the fourth quarter valued at $28,000. Finally, Minot DeBlois Advisors LLC bought a new position in shares of Constellation Brands during the fourth quarter valued at $29,000. 77.34% of the stock is currently owned by institutional investors.

About Constellation Brands

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.