Investors Buy Shares of Constellation Brands, Inc. (STZ) on Weakness

Traders bought shares of Constellation Brands, Inc. (NYSE:STZ) on weakness during trading hours on Tuesday. $90.59 million flowed into the stock on the tick-up and $33.54 million flowed out of the stock on the tick-down, for a money net flow of $57.05 million into the stock. Of all stocks tracked, Constellation Brands had the 6th highest net in-flow for the day. Constellation Brands traded down ($1.57) for the day and closed at $202.33

Several analysts recently commented on STZ shares. Morgan Stanley raised their target price on Constellation Brands from $204.00 to $218.00 and gave the company an “overweight” rating in a research report on Monday, July 3rd. Macquarie started coverage on Constellation Brands in a research report on Thursday, September 14th. They issued an “outperform” rating and a $227.00 target price on the stock. BidaskClub upgraded Constellation Brands from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Royal Bank of Canada restated a “buy” rating and issued a $220.00 target price on shares of Constellation Brands in a research report on Wednesday, August 2nd. Finally, UBS AG lifted their price target on Constellation Brands from $162.00 to $176.00 and gave the company a “neutral” rating in a research report on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Constellation Brands currently has a consensus rating of “Buy” and a consensus price target of $202.00.

The stock has a 50 day moving average of $198.54 and a 200 day moving average of $183.01. The stock has a market capitalization of $39.52 billion, a price-to-earnings ratio of 25.38 and a beta of 0.03.

Constellation Brands (NYSE:STZ) last announced its earnings results on Thursday, June 29th. The company reported $2.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.98 by $0.36. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.95 billion. Constellation Brands had a net margin of 20.94% and a return on equity of 22.63%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.54 EPS. Equities research analysts predict that Constellation Brands, Inc. will post $8.18 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date was Monday, August 7th. Constellation Brands’s payout ratio is presently 26.03%.

In related news, VP Thomas Michael Kane sold 4,940 shares of the company’s stock in a transaction on Friday, July 7th. The shares were sold at an average price of $193.28, for a total value of $954,803.20. Following the completion of the transaction, the vice president now directly owns 8,914 shares of the company’s stock, valued at approximately $1,722,897.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Thomas J. Mullin sold 23,827 shares of the company’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $193.64, for a total transaction of $4,613,860.28. Following the completion of the transaction, the vice president now directly owns 78,524 shares of the company’s stock, valued at $15,205,387.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 108,118 shares of company stock valued at $21,052,835. Company insiders own 15.59% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. boosted its stake in shares of Constellation Brands by 50.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 577 shares of the company’s stock worth $112,000 after buying an additional 193 shares during the last quarter. Harbour Capital Advisors LLC acquired a new position in shares of Constellation Brands during the 1st quarter worth about $117,000. North Star Investment Management Corp. boosted its stake in shares of Constellation Brands by 11.6% during the 2nd quarter. North Star Investment Management Corp. now owns 748 shares of the company’s stock worth $145,000 after buying an additional 78 shares during the last quarter. Hanson McClain Inc. boosted its stake in shares of Constellation Brands by 0.3% during the 1st quarter. Hanson McClain Inc. now owns 769 shares of the company’s stock worth $125,000 after buying an additional 2 shares during the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of Constellation Brands by 609.1% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 780 shares of the company’s stock worth $151,000 after buying an additional 670 shares during the last quarter. Institutional investors own 74.96% of the company’s stock.

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About Constellation Brands

Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.

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