Constellation Brands Inc (NYSE:STZ) EVP James O. Bourdeau Sells 821 Shares

Constellation Brands Inc (NYSE:STZ - Get Free Report) EVP James O. Bourdeau sold 821 shares of the firm's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $169.00, for a total transaction of $138,749.00. Following the completion of the transaction, the executive vice president directly owned 9,438 shares in the company, valued at approximately $1,595,022. This represents a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Constellation Brands Stock Down 0.0%

STZ stock traded down $0.03 during midday trading on Friday, reaching $175.61. 1,014,120 shares of the company's stock traded hands, compared to its average volume of 2,480,315. The company has a market cap of $30.96 billion, a price-to-earnings ratio of -73.48, a P/E/G ratio of 10.62 and a beta of 0.67. The firm's fifty day moving average price is $171.87 and its 200-day moving average price is $177.92. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 1.30. Constellation Brands Inc has a 52 week low of $159.35 and a 52 week high of $261.06.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its quarterly earnings results on Tuesday, July 1st. The company reported $3.22 EPS for the quarter, missing analysts' consensus estimates of $3.45 by ($0.23). The business had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.57 billion. Constellation Brands had a negative net margin of 4.11% and a positive return on equity of 31.41%. The business's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter last year, the firm posted $3.57 EPS. As a group, sell-side analysts forecast that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th will be paid a $1.02 dividend. The ex-dividend date is Wednesday, July 30th. This represents a $4.08 annualized dividend and a dividend yield of 2.32%. Constellation Brands's payout ratio is -170.71%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Piper Sandler raised their price target on shares of Constellation Brands from $165.00 to $170.00 and gave the company a "neutral" rating in a research note on Friday, June 6th. Truist Financial upgraded shares of Constellation Brands from a "hold" rating to a "buy" rating and raised their price target for the company from $190.00 to $215.00 in a research note on Wednesday, May 7th. Morgan Stanley reduced their price target on shares of Constellation Brands from $202.00 to $195.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. CJS Securities reduced their price target on shares of Constellation Brands from $196.00 to $194.00 in a research note on Monday, May 19th. Finally, Royal Bank Of Canada cut their target price on shares of Constellation Brands from $289.00 to $233.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Eleven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $213.74.

Institutional Trading of Constellation Brands

Several institutional investors have recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. grew its stake in shares of Constellation Brands by 17.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 9,658 shares of the company's stock worth $1,571,000 after acquiring an additional 1,434 shares in the last quarter. Concord Wealth Partners grew its stake in shares of Constellation Brands by 105.0% in the 2nd quarter. Concord Wealth Partners now owns 410 shares of the company's stock worth $67,000 after acquiring an additional 210 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Constellation Brands by 13.4% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,907 shares of the company's stock worth $473,000 after buying an additional 343 shares during the last quarter. LRI Investments LLC boosted its holdings in shares of Constellation Brands by 153.5% in the 2nd quarter. LRI Investments LLC now owns 801 shares of the company's stock worth $130,000 after buying an additional 485 shares during the last quarter. Finally, OFI Invest Asset Management boosted its holdings in shares of Constellation Brands by 0.6% in the 2nd quarter. OFI Invest Asset Management now owns 38,596 shares of the company's stock worth $6,279,000 after buying an additional 239 shares during the last quarter. Institutional investors own 77.34% of the company's stock.

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.