Insider Selling: Constellation Brands (NYSE:STZ) EVP Sells 750 Shares of Stock

Key Points

• Constellation Brands EVP Samuel Glaetzer sold 750 shares at an average price of $145.66, worth $109,245. After the sale, he held 3,783 shares, a 16.55% reduction in his position.
• The company beat quarterly earnings and revenue estimates, reporting EPS of $3.74 and revenue of $2.63 billion; revenue rose 6.1% year over year. It set FY 2027 EPS guidance of $11.20–$11.90.
• Analyst sentiment was mixed: the stock had a consensus “Hold” rating and an average price target of $154.09. Constellation also declared a quarterly dividend of $1.03 per share, equivalent to a 2.9% yield.

Constellation Brands Inc (NYSE:STZ - Get Free Report) EVP Samuel Glaetzer sold 750 shares of the firm's stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $145.66, for a total transaction of $109,245.00. Following the sale, the executive vice president directly owned 3,783 shares of the company's stock, valued at $551,031.78. The trade was a 16.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Constellation Brands Stock Up 0.3%

Shares of NYSE:STZ traded up $0.40 during midday trading on Thursday, reaching $144.52. The company had a trading volume of 1,788,774 shares, compared to its average volume of 2,274,798. The stock has a market capitalization of $24.46 billion, a P/E ratio of 12.96, a PEG ratio of 2.98 and a beta of 1.75. The stock's fifty day moving average price is $127.28 and its 200-day moving average price is $141.13. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.00 and a quick ratio of 0.53. Constellation Brands Inc has a one year low of $110.60 and a one year high of $168.60.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its quarterly earnings data on Tuesday, October 6th. The company reported $3.74 EPS for the quarter, beating analysts' consensus estimates of $3.62 by $0.12. The firm had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.54 billion. Constellation Brands had a net margin of 19.57% and a return on equity of 24.75%. The firm's revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.63 EPS. Constellation Brands has set its FY 2027 guidance at 11.200-11.900 EPS. Equities research analysts expect that Constellation Brands Inc will post 11.85 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $4.12 annualized dividend and a dividend yield of 2.9%. Constellation Brands's dividend payout ratio (DPR) is presently 36.95%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Ables Iannone Moore & Associates Inc. boosted its position in Constellation Brands by 105.2% during the 3rd quarter. Ables Iannone Moore & Associates Inc. now owns 16,904 shares of the company's stock valued at $1,911,000 after purchasing an additional 8,667 shares during the period. Ally Financial Inc. bought a new position in Constellation Brands during the 2nd quarter worth $1,600,000. Diamond Hill Capital Management LLC Investment Advisor bought a new position in Constellation Brands during the 2nd quarter worth $31,582,000. Junto Capital Management LP bought a new position in Constellation Brands during the 2nd quarter worth $21,683,000. Finally, Concurrent Investment Advisors LLC increased its position in Constellation Brands by 1,613.6% in the second quarter. Concurrent Investment Advisors LLC now owns 27,915 shares of the company's stock worth $3,883,000 after buying an additional 26,286 shares during the period. 77.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on STZ shares. Wells Fargo & Company decreased their price target on Constellation Brands from $170.00 to $140.00 and set an "overweight" rating for the company in a research note on Monday, October 5th. Citigroup restated a "negative" rating on shares of Constellation Brands in a research note on Wednesday, October 7th. Deutsche Bank reduced their target price on Constellation Brands from $136.00 to $127.00 and set a "hold" rating on the stock in a report on Thursday, October 8th. Sanford C. Bernstein decreased their target price on Constellation Brands from $197.00 to $180.00 and set an "outperform" rating for the company in a research report on Monday, September 28th. Finally, Barclays lowered their price target on Constellation Brands from $132.00 to $122.00 and set an "equal weight" rating for the company in a report on Tuesday, September 22nd. Twelve analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $154.09.

About Constellation Brands

Constellation Brands is a beverage alcohol company focused on beer, wine and spirits. Its beer portfolio includes Modelo Especial, Corona Extra and Pacifico, which it markets in the United States under its agreement with Grupo Modelo. The company also owns premium wine and spirits brands, including Robert Mondavi Winery and The Prisoner Wine Company. Its products reach consumers primarily in the United States, with operations and distribution extending to other markets. Founded in 1945 as Canandaigua Wine Company in New York, the business grew through brand development and acquisitions before adopting the Constellation Brands name.

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