Traders purchased shares of Constellation Brands, Inc. (NYSE:STZ) on weakness during trading hours on Tuesday. $135.44 million flowed into the stock on the tick-up and $70.77 million flowed out of the stock on the tick-down, for a money net flow of $64.67 million into the stock. Of all equities tracked, Constellation Brands had the 10th highest net in-flow for the day. Constellation Brands traded down ($0.91) for the day and closed at $190.01
Several analysts have recently commented on STZ shares. Pivotal Research reaffirmed a “buy” rating and set a $265.00 price objective (down previously from $300.00) on shares of Constellation Brands in a research report on Wednesday, January 9th. Goldman Sachs Group upgraded Constellation Brands from a “neutral” rating to a “buy” rating and set a $211.00 target price on the stock in a report on Thursday, January 10th. Morgan Stanley set a $246.00 target price on Constellation Brands and gave the stock a “buy” rating in a report on Thursday, December 20th. HSBC upgraded Constellation Brands from a “hold” rating to a “buy” rating in a report on Monday, January 7th. They noted that the move was a valuation call. Finally, Argus cut their target price on Constellation Brands from $260.00 to $210.00 and set a “buy” rating on the stock in a report on Friday, January 11th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $222.42.
The company has a quick ratio of 0.49, a current ratio of 1.16 and a debt-to-equity ratio of 0.92. The company has a market cap of $36.18 billion, a price-to-earnings ratio of 20.48, a price-to-earnings-growth ratio of 2.57 and a beta of 0.45.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.75 per share. The ex-dividend date is Thursday, May 9th. This is a boost from Constellation Brands’s previous quarterly dividend of $0.74. This represents a $3.00 annualized dividend and a yield of 1.58%. Constellation Brands’s dividend payout ratio (DPR) is 10.02%.
In other Constellation Brands news, Director Barry A. Fromberg sold 1,500 shares of the firm’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $174.72, for a total transaction of $262,080.00. Following the transaction, the director now directly owns 18,240 shares in the company, valued at approximately $3,186,892.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Barry A. Fromberg sold 810 shares of the firm’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $173.05, for a total value of $140,170.50. Following the transaction, the director now owns 20,550 shares in the company, valued at $3,556,177.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,381 shares of company stock worth $985,986. Company insiders own 15.80% of the company’s stock.
Large investors have recently modified their holdings of the business. Cipher Capital LP lifted its stake in Constellation Brands by 205.6% during the 4th quarter. Cipher Capital LP now owns 50,775 shares of the company’s stock valued at $8,165,000 after acquiring an additional 34,159 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Constellation Brands by 1.7% during the 4th quarter. California State Teachers Retirement System now owns 258,400 shares of the company’s stock worth $41,556,000 after purchasing an additional 4,443 shares during the period. Convergence Investment Partners LLC bought a new stake in shares of Constellation Brands during the 4th quarter worth $1,239,000. BOKF NA raised its stake in shares of Constellation Brands by 197.8% during the 4th quarter. BOKF NA now owns 8,970 shares of the company’s stock worth $1,443,000 after purchasing an additional 5,958 shares during the period. Finally, Oak Grove Capital LLC raised its stake in shares of Constellation Brands by 308.3% during the 4th quarter. Oak Grove Capital LLC now owns 7,350 shares of the company’s stock worth $1,182,000 after purchasing an additional 5,550 shares during the period. Institutional investors and hedge funds own 73.17% of the company’s stock.
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About Constellation Brands (NYSE:STZ)
Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company sells wine across various categories, including table wine, sparkling wine, and dessert wine. It provides beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Obregon Brewery, and Ballast Point brands.
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