Insider Buying: Constellation Brands, Inc. (NYSE:STZ) Director Acquires 1,000 Shares of Stock

Constellation Brands, Inc. (NYSE:STZ) Director William T. Giles purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The shares were purchased at an average cost of $186.39 per share, with a total value of $186,390.00. Following the completion of the acquisition, the director now owns 1,463 shares in the company, valued at $272,688.57. The trade was a 215.98 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Constellation Brands Trading Up 0.2 %

Shares of STZ stock opened at $179.36 on Friday. The firm has a market capitalization of $32.42 billion, a P/E ratio of 48.21, a P/E/G ratio of 1.61 and a beta of 1.75. Constellation Brands, Inc. has a twelve month low of $176.51 and a twelve month high of $274.87. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The stock’s fifty day simple moving average is $223.36 and its 200 day simple moving average is $237.32.

Constellation Brands (NYSE:STZ) last announced its earnings results on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.08). The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.19 earnings per share. As a group, sell-side analysts predict that Constellation Brands, Inc. will post 13.52 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Friday, February 7th. Constellation Brands’s payout ratio is presently 108.60%.

Analyst Upgrades and Downgrades

STZ has been the subject of several research reports. Roth Capital dropped their price target on Constellation Brands from $298.00 to $284.00 and set a “buy” rating for the company in a report on Friday, January 17th. Bank of America reissued a “neutral” rating and set a $255.00 price target (down from $300.00) on shares of Constellation Brands in a report on Monday, October 7th. Royal Bank of Canada reissued an “outperform” rating and set a $308.00 price target on shares of Constellation Brands in a report on Tuesday, January 7th. Truist Financial lowered their price objective on Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a research note on Tuesday, January 14th. Finally, Wells Fargo & Company lowered their price objective on Constellation Brands from $295.00 to $275.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Constellation Brands currently has a consensus rating of “Moderate Buy” and a consensus target price of $259.05.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of STZ. International Assets Investment Management LLC lifted its holdings in Constellation Brands by 23,184.7% during the 3rd quarter. International Assets Investment Management LLC now owns 499,689 shares of the company’s stock worth $128,765,000 after buying an additional 497,543 shares during the period. State Street Corp lifted its stake in shares of Constellation Brands by 6.0% in the 3rd quarter. State Street Corp now owns 7,144,428 shares of the company’s stock valued at $1,841,048,000 after purchasing an additional 402,211 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Constellation Brands by 66.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 369,966 shares of the company’s stock valued at $81,762,000 after purchasing an additional 147,457 shares during the period. NFJ Investment Group LLC lifted its stake in shares of Constellation Brands by 617.3% in the 3rd quarter. NFJ Investment Group LLC now owns 108,382 shares of the company’s stock valued at $27,929,000 after purchasing an additional 93,273 shares during the period. Finally, World Investment Advisors LLC lifted its stake in shares of Constellation Brands by 4,601.2% in the 3rd quarter. World Investment Advisors LLC now owns 87,771 shares of the company’s stock valued at $22,618,000 after purchasing an additional 85,904 shares during the period. 77.34% of the stock is owned by institutional investors and hedge funds.

Constellation Brands Company Profile

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.