Constellation Brands Inc (NYSE: STZ) is 12.53% higher on its value in year-to-date trading and has touched a low of $217.05 and a high of $273.65 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The STZ stock was last observed hovering at around $269.29 in the last trading session, with the day’s gains setting it 2.75%.
Currently trading at $272.04, the stock is 4.62% and 7.59% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.84 million and changing 1.02% at the moment leaves the stock 8.81% off its SMA200. STZ registered 23.94% gain for a year compared to 6-month loss of 7.36%. The firm has a 50-day simple moving average (SMA 50) of $6.25 and a 200-day simple moving average (SMA200) of $21.43.
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The stock witnessed a 10.10% gain in the last 1 month and extending the period to 3 months gives it a 13.83%, and is 1.32% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.14% over the week and 1.43% over the month.
Constellation Brands Inc (STZ) has around 10700 employees, a market worth around $49.73B and $9.82B in sales. Current P/E ratio is 32.16 and Fwd P/E is 20.22. Profit margin for the company is 15.87%. Distance from 52-week low is 25.34% and -0.59% from its 52-week high. The company has generated returns on investments over the last 12 months (7.89%).
Constellation Brands Inc quarterly earnings per share for the current quarter are estimated at $2.09 with sales reaching $2.1B over the same period., but quarterly earnings will post 5.10% year-over-year. Quarterly sales are estimated to grow 4.90% in year-over-year returns.
1,667 institutions hold shares in Constellation Brands Inc (STZ), with institutional investors hold 89.91% of the company’s shares. The shares outstanding are 183.20M, and float is at 168.72M with Short Float at 1.16%. Institutions hold 79.09% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 13.55 million shares valued at $3.33 billion. The investor’s holdings represent 7.38% of the STZ Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 11.29 million shares valued at $2.78 billion to account for 6.15% of the shares outstanding. The other top investors are Capital International Investors which holds 7.9 million shares representing 4.30% and valued at over $1.95 billion, while State Street Corporation holds 3.78% of the shares totaling 6.94 million with a market value of $1.71 billion.
Constellation Brands Inc (STZ) Insider Activity
The most recent transaction is an insider sale by Sands Family Foundation, the company’s Member of 10% owner group. SEC filings show that Sands Family Foundation sold 54,461 shares of the company’s common stock on Jan 09 ’24 at a price of $250.92 per share for a total of $13.67 million. Following the sale, the insider now owns 0.0 shares.
Constellation Brands Inc disclosed in a document filed with the SEC on Jan 08 ’24 that Sands Family Foundation (Member of 10% owner group) sold a total of 354,616 shares of the company’s common stock. The trade occurred on Jan 08 ’24 and was made at $250.26 per share for $88.74 million. Following the transaction, the insider now directly holds 54461.0 shares of the STZ stock.
Still, SEC filings show that on Nov 08 ’23, Sands Family Foundation (Member of 10% owner group) disposed off 102,152 shares at an average price of $241.84 for $24.7 million. The insider now directly holds 409,077 shares of Constellation Brands Inc (STZ).
