Constellation Brands, Inc. (NYSE:STZ) Short Interest Update

Constellation Brands, Inc. (NYSE:STZGet Rating) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totalling 2,330,000 shares, a growth of 33.1% from the April 15th total of 1,750,000 shares. Based on an average daily trading volume, of 976,500 shares, the short-interest ratio is presently 2.4 days. Approximately 1.5% of the company’s stock are short sold.

STZ traded down $9.09 during mid-day trading on Wednesday, reaching $241.86. The stock had a trading volume of 16,176 shares, compared to its average volume of 1,085,825. The company has a quick ratio of 0.65, a current ratio of 1.23 and a debt-to-equity ratio of 0.79. The firm’s fifty day simple moving average is $239.42 and its two-hundred day simple moving average is $235.39. Constellation Brands has a 52 week low of $207.35 and a 52 week high of $261.52.

Constellation Brands (NYSE:STZGet Rating) last announced its quarterly earnings data on Thursday, April 7th. The company reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.22. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.02 billion. Constellation Brands had a positive return on equity of 16.43% and a negative net margin of 0.42%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $1.82 EPS. On average, analysts predict that Constellation Brands will post 11.18 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 19th. Shareholders of record on Thursday, May 5th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.32%. This is a positive change from Constellation Brands’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, May 4th. Constellation Brands’s dividend payout ratio (DPR) is presently -1,777.78%.

In related news, EVP James O. Bourdeau sold 12,860 shares of the business’s stock in a transaction dated Friday, April 22nd. The stock was sold at an average price of $254.24, for a total transaction of $3,269,526.40. Following the completion of the transaction, the executive vice president now owns 1,628 shares of the company’s stock, valued at approximately $413,902.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeremy S. G. Fowden sold 7,574 shares of the business’s stock in a transaction dated Friday, April 8th. The stock was sold at an average price of $240.38, for a total value of $1,820,638.12. Following the transaction, the director now directly owns 18,501 shares of the company’s stock, valued at approximately $4,447,270.38. The disclosure for this sale can be found here. Insiders sold 25,822 shares of company stock valued at $6,451,256 in the last ninety days. Insiders own 15.64% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Constellation Brands by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 12,601,280 shares of the company’s stock valued at $2,902,327,000 after purchasing an additional 313,344 shares during the period. BlackRock Inc. lifted its stake in shares of Constellation Brands by 1.2% in the 1st quarter. BlackRock Inc. now owns 11,738,986 shares of the company’s stock valued at $2,703,724,000 after purchasing an additional 140,074 shares during the period. Capital World Investors lifted its stake in shares of Constellation Brands by 28.7% in the 4th quarter. Capital World Investors now owns 8,810,424 shares of the company’s stock valued at $2,211,152,000 after purchasing an additional 1,967,115 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Constellation Brands by 48.6% in the 4th quarter. Alliancebernstein L.P. now owns 2,885,267 shares of the company’s stock valued at $724,116,000 after purchasing an additional 943,872 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Constellation Brands by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 2,551,818 shares of the company’s stock valued at $638,398,000 after purchasing an additional 9,302 shares during the period. 74.99% of the stock is currently owned by institutional investors.

STZ has been the subject of several research analyst reports. Morgan Stanley cut their price objective on Constellation Brands from $299.00 to $294.00 and set an “overweight” rating for the company in a research report on Monday, April 4th. Truist Financial upped their price target on Constellation Brands from $213.00 to $245.00 and gave the company a “hold” rating in a report on Friday, April 8th. StockNews.com raised Constellation Brands from a “hold” rating to a “buy” rating in a report on Thursday, May 12th. Zacks Investment Research cut Constellation Brands from a “hold” rating to a “sell” rating and set a $260.00 price target for the company. in a report on Friday, May 13th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Constellation Brands from $240.00 to $250.00 and gave the company a “hold” rating in a report on Friday, April 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $271.29.

Constellation Brands Company Profile (Get Rating)

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. It provides beer primarily under the Corona Extra, Corona Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands.

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