Constellation Brands, Inc. (NYSE:STZ) Director William T. Giles Buys 1,000 Shares

Constellation Brands, Inc. (NYSE:STZ - Get Free Report) Director William T. Giles purchased 1,000 shares of the firm's stock in a transaction dated Friday, January 17th. The stock was purchased at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the acquisition, the director now owns 1,463 shares of the company's stock, valued at approximately $272,688.57. This trade represents a 215.98 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Constellation Brands Stock Performance

Shares of STZ stock traded down $1.32 during trading hours on Tuesday, reaching $182.99. 3,960,386 shares of the company traded hands, compared to its average volume of 3,273,678. The firm has a 50-day moving average price of $225.70 and a 200 day moving average price of $238.27. The company has a market cap of $33.07 billion, a P/E ratio of 49.19, a P/E/G ratio of 1.62 and a beta of 0.91. Constellation Brands, Inc. has a 12-month low of $176.51 and a 12-month high of $274.87. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46.

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

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Friday, February 7th. Constellation Brands's dividend payout ratio (DPR) is 108.60%.

Institutional Trading of Constellation Brands

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Eastern Bank bought a new position in shares of Constellation Brands during the 3rd quarter valued at approximately $39,000. Versant Capital Management Inc grew its holdings in shares of Constellation Brands by 887.5% in the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company's stock worth $35,000 after purchasing an additional 142 shares during the last quarter. FSA Wealth Management LLC bought a new stake in shares of Constellation Brands during the third quarter valued at approximately $42,000. Truvestments Capital LLC bought a new stake in shares of Constellation Brands in the 3rd quarter valued at about $60,000. Finally, Northwest Investment Counselors LLC bought a new stake in Constellation Brands during the 3rd quarter valued at $62,000. Institutional investors own 77.34% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on STZ. UBS Group cut their price objective on Constellation Brands from $265.00 to $223.00 and set a "buy" rating for the company in a report on Friday. Barclays dropped their price objective on Constellation Brands from $282.00 to $214.00 and set an "overweight" rating for the company in a research note on Tuesday, January 14th. Roth Capital reduced their price target on Constellation Brands from $298.00 to $284.00 and set a "buy" rating on the stock in a report on Friday. Morgan Stanley dropped their target price on shares of Constellation Brands from $280.00 to $220.00 and set an "overweight" rating for the company in a research report on Monday, January 13th. Finally, Piper Sandler lowered their price objective on Constellation Brands from $300.00 to $245.00 and set an "overweight" rating for the company in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Constellation Brands has a consensus rating of "Moderate Buy" and a consensus target price of $259.05.

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.