Traders purchased shares of Constellation Brands, Inc. (NYSE:STZ) on weakness during trading hours on Monday. $125.79 million flowed into the stock on the tick-up and $86.95 million flowed out of the stock on the tick-down, for a money net flow of $38.84 million into the stock. Of all companies tracked, Constellation Brands had the 21st highest net in-flow for the day. Constellation Brands traded down ($1.53) for the day and closed at $217.52
A number of equities analysts have recently issued reports on the company. Susquehanna Bancshares set a $207.00 target price on Constellation Brands and gave the stock a “hold” rating in a research note on Sunday, January 7th. Barclays assumed coverage on Constellation Brands in a research note on Wednesday, January 10th. They set an “overweight” rating and a $255.00 target price for the company. Credit Suisse Group increased their target price on Constellation Brands from $211.00 to $226.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 9th. Evercore ISI increased their target price on Constellation Brands from $235.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, January 5th. Finally, SunTrust Banks restated a “buy” rating and issued a $250.00 price target (up previously from $230.00) on shares of Constellation Brands in a report on Monday, January 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $229.00.
The stock has a market capitalization of $42,610.00, a price-to-earnings ratio of 26.43, a price-to-earnings-growth ratio of 1.34 and a beta of 0.08. The company has a quick ratio of 0.54, a current ratio of 1.40 and a debt-to-equity ratio of 1.01.
Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Friday, January 5th. The company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.13. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Constellation Brands had a return on equity of 22.04% and a net margin of 22.55%. During the same quarter in the prior year, the firm posted $1.96 EPS. analysts forecast that Constellation Brands, Inc. will post 8.53 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 9th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Thursday, February 8th. Constellation Brands’s dividend payout ratio (DPR) is presently 11.30%.
Constellation Brands announced that its Board of Directors has approved a share repurchase plan on Friday, January 5th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.
In other Constellation Brands news, VP Thomas J. Mullin sold 18,227 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $217.01, for a total transaction of $3,955,441.27. Following the sale, the vice president now owns 72,924 shares in the company, valued at approximately $15,825,237.24. The sale was disclosed in a legal filing with the SEC, which is available through this link. 15.59% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in STZ. KAMES CAPITAL plc boosted its holdings in shares of Constellation Brands by 3,223.4% during the fourth quarter. KAMES CAPITAL plc now owns 326,658 shares of the company’s stock worth $74,671,000 after purchasing an additional 316,829 shares during the last quarter. Daiwa SB Investments Ltd. boosted its holdings in shares of Constellation Brands by 14.0% during the fourth quarter. Daiwa SB Investments Ltd. now owns 5,210 shares of the company’s stock worth $1,191,000 after purchasing an additional 640 shares during the last quarter. Hutchens Investment Management Inc boosted its holdings in shares of Constellation Brands by 5.2% during the fourth quarter. Hutchens Investment Management Inc now owns 7,603 shares of the company’s stock worth $1,737,000 after purchasing an additional 378 shares during the last quarter. DnB Asset Management AS boosted its holdings in shares of Constellation Brands by 10.0% during the fourth quarter. DnB Asset Management AS now owns 24,127 shares of the company’s stock worth $5,515,000 after purchasing an additional 2,200 shares during the last quarter. Finally, Prudential Financial Inc. boosted its holdings in shares of Constellation Brands by 4.0% during the third quarter. Prudential Financial Inc. now owns 368,099 shares of the company’s stock worth $73,417,000 after purchasing an additional 14,137 shares during the last quarter. Hedge funds and other institutional investors own 74.96% of the company’s stock.
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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.
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