Constellation Brands, Inc. (NYSE:STZ) Major Shareholder Family Foundation Sands Sells 102,152 Shares

Constellation Brands, Inc. (NYSE:STZ) major shareholder Family Foundation Sands sold 102,152 shares of Constellation Brands stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $241.84, for a total value of $24,704,439.68. Following the completion of the transaction, the insider now directly owns 409,077 shares of the company’s stock, valued at approximately $98,931,181.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Family Foundation Sands also recently made the following trade(s):

• On Monday, November 6th, Family Foundation Sands sold 136,362 shares of Constellation Brands stock. The stock was sold at an average price of $242.27, for a total value of $33,036,421.74.

Constellation Brands Stock Up 0.7 %

NYSE STZ opened at $240.92 on Tuesday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.57 and a current ratio of 1.20. The company has a market capitalization of $44.25 billion, a P/E ratio of 29.34, a P/E/G ratio of 1.89 and a beta of 1.05. Constellation Brands, Inc. has a one year low of $208.12 and a one year high of $273.65. The stock has a 50 day moving average price of $245.03 and a 200-day moving average price of $248.09.

Constellation Brands (NYSE:STZ) last posted its earnings results on Thursday, October 5th. The company reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $3.37 by $0.33. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.82 billion. Constellation Brands had a return on equity of 23.35% and a net margin of 14.41%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company earned $3.17 EPS. As a group, equities analysts predict that Constellation Brands, Inc. will post 11.87 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Friday, November 3rd will be given a dividend of $0.89 per share. The ex-dividend date is Thursday, November 2nd. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.48%. Constellation Brands’s dividend payout ratio is currently 43.36%.

Hedge Funds Weigh In On Constellation Brands

A number of institutional investors and hedge funds have recently modified their holdings of STZ. Indiana Trust & Investment Management CO purchased a new stake in shares of Constellation Brands in the third quarter valued at $25,000. Impact Partnership Wealth LLC boosted its stake in shares of Constellation Brands by 1,175.0% during the 3rd quarter. Impact Partnership Wealth LLC now owns 102 shares of the company’s stock worth $26,000 after purchasing an additional 94 shares during the period. CVA Family Office LLC boosted its stake in shares of Constellation Brands by 323.1% during the 2nd quarter. CVA Family Office LLC now owns 110 shares of the company’s stock worth $27,000 after purchasing an additional 84 shares during the period. Asset Dedication LLC boosted its stake in shares of Constellation Brands by 3,833.3% during the 3rd quarter. Asset Dedication LLC now owns 118 shares of the company’s stock worth $30,000 after purchasing an additional 115 shares during the period. Finally, Old North State Trust LLC boosted its stake in shares of Constellation Brands by 500.0% during the 1st quarter. Old North State Trust LLC now owns 120 shares of the company’s stock worth $27,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 88.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on STZ shares. Wells Fargo & Company upped their price target on Constellation Brands from $280.00 to $285.00 and gave the company an “overweight” rating in a report on Tuesday, October 3rd. Barclays lowered their price target on Constellation Brands from $294.00 to $280.00 and set an “overweight” rating on the stock in a report on Friday, October 6th. Deutsche Bank Aktiengesellschaft upped their price target on Constellation Brands from $241.00 to $243.00 and gave the company a “hold” rating in a report on Wednesday, September 20th. TD Cowen upgraded Constellation Brands from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $240.00 to $300.00 in a research note on Wednesday, September 6th. Finally, Jefferies Financial Group assumed coverage on Constellation Brands in a research note on Monday. They issued a “buy” rating and a $292.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, Constellation Brands has an average rating of “Moderate Buy” and a consensus price target of $277.38.

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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.