Thomas J. Mullin Sells 50,000 Shares of Constellation Brands Inc (STZ) Stock

Constellation Brands Inc (NYSE:STZ) VP Thomas J. Mullin sold 50,000 shares of the stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $209.45, for a total transaction of $10,472,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of Constellation Brands Inc (STZ) opened at 211.79 on Thursday. The firm has a 50 day moving average of $203.82 and a 200 day moving average of $189.76. The firm has a market cap of $41.43 billion, a price-to-earnings ratio of 24.33 and a beta of 0.04. Constellation Brands Inc has a 52 week low of $144.00 and a 52 week high of $214.53.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Thursday, October 5th. The company reported $2.47 EPS for the quarter, beating the Zacks’ consensus estimate of $2.17 by $0.30. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.06 billion. Constellation Brands had a net margin of 21.47% and a return on equity of 22.81%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.77 earnings per share. Equities analysts predict that Constellation Brands Inc will post $8.42 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th will be given a $0.52 dividend. The ex-dividend date of this dividend is Monday, November 6th. This represents a $2.08 dividend on an annualized basis and a yield of 0.98%. Constellation Brands’s dividend payout ratio (DPR) is presently 23.85%.

TRADEMARK VIOLATION NOTICE: “Thomas J. Mullin Sells 50,000 Shares of Constellation Brands Inc (STZ) Stock” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this news story can be accessed at https://ledgergazette.com/2017/10/19/thomas-j-mullin-sells-50000-shares-of-constellation-brands-inc-stz-stock.html.

Several equities analysts have recently commented on the stock. Argus increased their price target on shares of Constellation Brands from $194.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, July 5th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $230.00 price target on shares of Constellation Brands in a research report on Friday, October 6th. Evercore ISI reaffirmed an “outperform” rating and set a $235.00 price target (up previously from $230.00) on shares of Constellation Brands in a research report on Friday, October 6th. Pivotal Research increased their price target on shares of Constellation Brands from $250.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, October 5th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $220.00 price target (up previously from $205.00) on shares of Constellation Brands in a research report on Friday, June 30th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $216.00.

Large investors have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. boosted its position in Constellation Brands by 50.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 577 shares of the company’s stock valued at $112,000 after buying an additional 193 shares in the last quarter. Harbour Capital Advisors LLC acquired a new position in Constellation Brands in the first quarter valued at about $117,000. North Star Investment Management Corp. boosted its position in Constellation Brands by 11.6% in the second quarter. North Star Investment Management Corp. now owns 748 shares of the company’s stock valued at $145,000 after buying an additional 78 shares in the last quarter. Hanson McClain Inc. boosted its position in Constellation Brands by 0.4% in the second quarter. Hanson McClain Inc. now owns 772 shares of the company’s stock valued at $149,000 after buying an additional 3 shares in the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in Constellation Brands by 609.1% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 780 shares of the company’s stock valued at $151,000 after buying an additional 670 shares in the last quarter. Hedge funds and other institutional investors own 74.90% of the company’s stock.

Constellation Brands Company Profile

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.

STZ) opened at 211.79 on Thursday. The firm has a 50 day moving average of $203.82 and a 200 day moving average of $189.76. The firm has a market cap of $41.43 billion, a price-to-earnings ratio of 24.33 and a beta of 0.04. Constellation Brands Inc has a 52 week low of $144.00 and a 52 week high of $214.53.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Thursday, October 5th. The company reported $2.47 EPS for the quarter, beating the Zacks’ consensus estimate of $2.17 by $0.30. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.06 billion. Constellation Brands had a net margin of 21.47% and a return on equity of 22.81%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.77 earnings per share. Equities analysts predict that Constellation Brands Inc will post $8.42 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th will be given a $0.52 dividend. The ex-dividend date of this dividend is Monday, November 6th. This represents a $2.08 dividend on an annualized basis and a yield of 0.98%. Constellation Brands’s dividend payout ratio (DPR) is presently 23.85%.

TRADEMARK VIOLATION NOTICE: “Thomas J. Mullin Sells 50,000 Shares of Constellation Brands Inc (STZ) Stock” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this news story can be accessed at https://ledgergazette.com/2017/10/19/thomas-j-mullin-sells-50000-shares-of-constellation-brands-inc-stz-stock.html.

Several equities analysts have recently commented on the stock. Argus increased their price target on shares of Constellation Brands from $194.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, July 5th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $230.00 price target on shares of Constellation Brands in a research report on Friday, October 6th. Evercore ISI reaffirmed an “outperform” rating and set a $235.00 price target (up previously from $230.00) on shares of Constellation Brands in a research report on Friday, October 6th. Pivotal Research increased their price target on shares of Constellation Brands from $250.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, October 5th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $220.00 price target (up previously from $205.00) on shares of Constellation Brands in a research report on Friday, June 30th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $216.00.

Large investors have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. boosted its position in Constellation Brands by 50.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 577 shares of the company’s stock valued at $112,000 after buying an additional 193 shares in the last quarter. Harbour Capital Advisors LLC acquired a new position in Constellation Brands in the first quarter valued at about $117,000. North Star Investment Management Corp. boosted its position in Constellation Brands by 11.6% in the second quarter. North Star Investment Management Corp. now owns 748 shares of the company’s stock valued at $145,000 after buying an additional 78 shares in the last quarter. Hanson McClain Inc. boosted its position in Constellation Brands by 0.4% in the second quarter. Hanson McClain Inc. now owns 772 shares of the company’s stock valued at $149,000 after buying an additional 3 shares in the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in Constellation Brands by 609.1% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 780 shares of the company’s stock valued at $151,000 after buying an additional 670 shares in the last quarter. Hedge funds and other institutional investors own 74.90% of the company’s stock.

Constellation Brands Company Profile

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.

Insider Buying and Selling by Quarter for Constellation Brands (NYSE:STZ)

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