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Constellation Brands, Inc. intends to pay a $0.80 quarterly dividend (NYSE:STZ)

Constellation Brands, Inc. intends to pay a $0.80 quarterly dividend (NYSE:STZ)

A quarterly dividend was distributed to the shareholders of Constellation Brands, Inc. (NYSE: STZ), according to a report published in the Wall Street Journal on January 6. Shareholders recorded as of February 8 will receive a dividend payment of $0.80 per share on February 22. This payment will be sent to shareholders who had recorded it as of February 8. The results of this calculation are that the dividend yield will be 1.49%, and the annual dividend payment will be $3.20. The counting period for this dividend officially started on February 7, marking the date it was distributed.
The dividend payment that Constellation Brands makes has been increased annually for the past two years, bringing the total increase that has occurred over the past three years to an annualized rate of 3.4% higher. The fact that the dividend payout ratio for Constellation Brands is 29.0% indicates that the company’s earnings are sufficient to support the dividend payment. If Constellation Brands achieves its projected earnings per share of $12.42, the company should have sufficient funds to cover its annual dividend payment of $3.20 and maintain a future payout ratio of 25.8%. In addition to that, the company has a future payout ratio that comes in at 25.8%.
On Friday, the price of STZ stock increased by $5.55 during the lunch hour, bringing the price to $214.23. As a result, 4,220,161 shares were traded, with an average volume of 3,045,590 to $214.23. As a result, 4,220,161 shares were traded, with an average volume of 3,045,590. The debt-to-equity ratio is calculated to be 1.06, the quick ratio is calculated to be 0.75, and the current ratio is calculated to be 1.41. The stock price of Constellation Brands reached an all-time high of $261.52 in the prior year, while it hit a low point of $207.59 during the previous year. The moving averages of the company’s stock price over the past 50 days are $242.48; over the last 200 days, each moving average is $240.97. The company has a price-to-earnings ratio of 696.54, a beta value of 1.00, and a price-to-book value of 1.00. Its market capitalization is 39.52 billion dollars, and its price-to-book value is 1.00.
On January 5, the quarterly results report for Constellation Brands, traded on the NYSE under the symbol STZ, was made public. The actual earnings per share of the company for the period came in at $2.83, which was $0.06 less than the consensus estimate of $2.89 for the period that was expected of the company for the period came in at $2.83, which was $0.06 less than the consensus estimate of $2.89 for the period that was expected. The return on equity for Constellation Brands came in at 19.05%, and the company’s net margin was 1.03%. These two numbers are presented as percentages each. The revenue for the quarter came in at $2.44 billion, which was significantly higher than the $2.38 billion that analysts had anticipated would be generated during the period. The company generated $3.12 per share during the same period in the previous year’s operations. In comparison to the same period in the previous year, the third quarter saw a revenue increase of 9.2% for the company. According to forecasts made by analysts who follow the stock market, Constellation Brands is expected to generate earnings of 10.93 dollars per share over the current fiscal year.
Researchers with expertise in various disciplines have discussed the organization and offered their points of view. Morgan Stanley lowered its price target for Constellation Brands in a research report that was published on Friday. The firm continued to recommend an “overweight” position for the stock even though the target price dropped from $298.00 to $277.00. In a research note released on Friday, BMO Capital Markets lowered the “outperform” rating that they had previously given to Constellation Brands. In addition, the company’s price objective went from $290 to $265, a reduction of $55. In a research note released on Tuesday, Wells Fargo & Company lowered the “overweight” rating and price objective of $280 that it had previously assigned to Constellation Brands to $270. The note also stated that the new price objective is $270. Argus lowered their price objective on Constellation Brands, moving it down from $295.00 to $250.00, and the report announcing the change was published on Friday. Barclays increased their price objective on Constellation Brands to $281.00 and announced it in a research note published on November 16. This brings us to our final and most important point. Twelve market watchers have assigned the stock a “buy” rating, while only five have assigned it a “hold” rating. According to the data from Bloomberg, the company is currently rated as having a consensus rating of “Moderate Buy,” and its average price target is $252.81.
On November 30, Constellation Brands’ Executive Vice President Kaneenat Kristann Carey decided to sell 978 shares after exercising her option. This is just one of several recent events involving the company. The total value of the transactions involving the stock was $245,292.18, and the price paid for each share on average was $250.81. Following the completion of the sale, the executive vice president is the sole owner of 1,004 shares of company stock. The total value of these shares is approximately $251,813.24, making the executive vice president the wealthiest shareholder in the company. On the Securities and Exchange Commission website, there is a document that can be viewed that provides an in-depth summary of the transaction in its entirety (SEC). On November 30, Executive Vice President Kaneenat Kristann Carey decided to sell 978 of the company’s shares after exercising her option. This was another piece of news. The stock was purchased for 245,292.18 dollars, with an average price of $250.81 per share. Following the completion of the sale, the executive vice president is the sole owner of 1,004 shares of company stock. The total value of these shares is approximately $251,813.24, making the executive vice president the wealthiest shareholder in the company. If you click on this link, you will be taken to a document presented to the SEC, which will provide you with information regarding the transaction. In addition, on November 14, Robert Sands, the chairman of the board, sold 3,700,002 shares of company stock. The purchase of the shares was completed at an average price of $239.06 per share, resulting in the transaction’s total value of 884,522,478.12 dollars. As a direct result of the sale, the board’s chairman now has 24,347,294 shares of the company’s stock in his possession. The total value of these shares is $5,820,464,103.64. Disclosures that are related to the sale might be found in this section of the website. Over the past three months, company insiders have sold 4,705,145 shares for a total value of $1,124,869,978, and they currently control 16.19% of the total number of shares outstanding in the company.
In recent transactions involving major investors, both purchases and sales of STZ stock have taken place. In the first three months of 2018, Prudential PLC invested approximately $705,00 in Constellation Brands to increase its ownership stake. Over the first three months of the year, Cetera Investment Advisers increased the percentage of Constellation Brands stock they owned by 1%. Because of the purchase of an additional 163 shares during the most recent fiscal quarter, Cetera Investment Advisers now holds 17,026 shares of the company’s stock, which has a value of $3,921,000. This brings the firm’s overall holdings to a total of 17,026 shares of the company’s stock. Over the first three months of the year, Sequoia Financial Advisors LLC successfully increased its holdings in Constellation Brands by 17.6%. The number of shares of the company’s stock that Sequoia Financial Advisors LLC owns has increased to 3,149 as a direct result of the firm’s purchase of an additional 471 shares during the most recent fiscal quarter. These shares are currently fetching a market price is $725,000. Over the first three months of this year, a 2.6% increase in value was associated with the investment that Vanguard Group Inc. holds in Constellation Brands. After purchasing an additional 313,344 shares during the most recent quarter, Vanguard Group Inc. now owns 12,601,280 shares, valued at $2,902,327,000. This brings the total number of shares the company owns to 12,601,280. Last but certainly not least, during the first quarter, Ergoteles LLC spent approximately $257,000 to acquire a new position at Constellation Brands. This investment should not be considered the least important. Institutions own the company’s equity to 84.87%.

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