Rep. Julie Johnson Sells Off Shares of Constellation Brands, Inc. (NYSE:STZ)

Representative Julie Johnson (D-Texas) recently sold shares of Constellation Brands, Inc. NYSE: STZ. In a filing disclosed on February 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in Constellation Brands stock on January 15th. The trade occurred in the Representative's "MERRILL LYNCH TAX EFFICIENT CORE" account.

Representative Julie Johnson also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Dell Technologies NYSE: DELL on 1/28/2025.
• Sold $1,001 - $15,000 in shares of PepsiCo NASDAQ: PEP on 1/28/2025.
• Sold $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 1/28/2025.
• Sold $1,001 - $15,000 in shares of ALLETE NYSE: ALE on 1/28/2025.
• Sold $1,001 - $15,000 in shares of PPG Industries NYSE: PPG on 1/27/2025.
• Purchased $1,001 - $15,000 in shares of Progressive NYSE: PGR on 1/24/2025.
• Purchased $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 1/24/2025.
• Sold $1,001 - $15,000 in shares of Chubb NYSE: CB on 1/24/2025.
• Sold $1,001 - $15,000 in shares of Morgan Stanley NYSE: MS on 1/24/2025.
• Purchased $1,001 - $15,000 in shares of Merck & Co., Inc. NYSE: MRK on 1/17/2025.

Constellation Brands Price Performance

Shares of STZ traded down $0.51 during mid-day trading on Monday, reaching $162.69. 2,275,437 shares of the stock traded hands, compared to its average volume of 2,890,610. The firm has a fifty day moving average price of $201.35 and a 200 day moving average price of $228.19. The company has a market cap of $29.40 billion, a price-to-earnings ratio of 43.73, a price-to-earnings-growth ratio of 1.51 and a beta of 0.90. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. Constellation Brands, Inc. has a 1 year low of $160.46 and a 1 year high of $274.87.

Constellation Brands (NYSE:STZ - Get Free Report) last posted 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 company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same period in the prior year, the firm posted $3.19 earnings per share. The business's revenue was down .3% on a year-over-year basis. As a group, equities research analysts predict that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a dividend of $1.01 per share. The ex-dividend date is Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.48%. Constellation Brands's dividend payout ratio (DPR) is currently 108.60%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on STZ. Roth Capital dropped their price objective on shares of Constellation Brands from $298.00 to $284.00 and set a "buy" rating for the company in a report on Friday, January 17th. Evercore ISI dropped their price objective on shares of Constellation Brands from $300.00 to $250.00 and set an "outperform" rating for the company in a report on Monday, January 13th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $203.00 price objective (down from $262.00) on shares of Constellation Brands in a report on Monday, January 13th. Jefferies Financial Group reaffirmed a "hold" rating and set a $201.00 price objective (down from $310.00) on shares of Constellation Brands in a report on Monday, January 13th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $293.00 price target on shares of Constellation Brands in a research note on Monday, February 3rd. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Constellation Brands presently has an average rating of "Moderate Buy" and a consensus price target of $254.29.

Insider Activity at Constellation Brands

In related news, major shareholder Wildstar Partners Llc sold 660 shares of the business's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $241.00, for a total transaction of $159,060.00. Following the transaction, the insider now owns 1,736,884 shares in the company, valued at $418,589,044. The trade was a 0.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William T. Giles purchased 1,000 shares of Constellation Brands stock in a transaction that occurred on Friday, January 17th. The shares were bought at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the transaction, the director now directly owns 1,463 shares of the company's stock, valued at $272,688.57. This trade represents a 215.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.19% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Constellation Brands

A number of hedge funds have recently modified their holdings of STZ. Mainstream Capital Management LLC purchased a new position in shares of Constellation Brands in the fourth quarter valued at about $25,000. SBI Securities Co. Ltd. purchased a new position in shares of Constellation Brands in the fourth quarter valued at about $26,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Constellation Brands during the fourth quarter valued at about $27,000. Union Bancaire Privee UBP SA purchased a new position in shares of Constellation Brands during the fourth quarter valued at about $28,000. Finally, Minot DeBlois Advisors LLC purchased a new position in shares of Constellation Brands during the fourth quarter valued at about $29,000. Hedge funds and other institutional investors own 77.34% of the company's stock.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas' 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. Johnson (Democratic Party) ran for election to the U.S. House to represent Texas' 32nd Congressional District. She won in the general election on November 5, 2024. Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson's career experience includes working as an attorney.

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.