Constellation Brands, Inc. (STZ): Ernesto M Hernandez , director of Constellation Brands, Inc. sold 700 shares on May 2, 2016. The Insider selling transaction was reported by the company on May 3, 2016 to the Securities and Exchange Commission. The shares were sold at $156.07 per share for a total value of $109,249.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jan 28, 2016, William F. Hackett (Exec Vice President) sold 12,700 shares at $148.18 per share price.On Jan 28, 2016, Thomas J Mullin (Exec. VP & Gen. Counsel) sold 100,000 shares at $148.83 per share price.Also, On Jan 21, 2016, David Eric Klein (Exec Vice Pres. & CFO) sold 30,000 shares at $145.41 per share price.On Nov 17, 2015, Robert Sands (President & CEO) sold 163,101 shares at $133.83 per share price.
Constellation Brands: On Monday, May 2, 2016 heightened volatility was witnessed in Constellation Brands which led to swings in the share price. The shares opened for trading at $156.07 and hit $158.34 on the upside , eventually ending the session at $157.77, with a gain of 1.10% or 1.71 points. The heightened volatility saw the trading volume jump to 9,16,015 shares. The 52-week high of the share price is $160.39 and the company has a market cap of $31,517 M . The 52-week low of the share price is at $114.49.
Company has been under the radar of several Street Analysts.Constellation Brands is Reiterated by UBS to Neutral and the brokerage firm has raised the Price Target to $ 173 from a previous price target of $162 .The Rating was issued on Apr 7, 2016.Constellation Brands is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 189 from a previous price target of $174 .The Rating was issued on Apr 7, 2016.Constellation Brands is Reiterated by Pivotal Research Group to Buy and the brokerage firm has raised the Price Target to $ 200 from a previous price target of $185 .The Rating was issued on Apr 6, 2016.Constellation Brands is Initiated by Wells Fargo to Outperform. The Rating was issued on Apr 5, 2016.Constellation Brands is Upgraded by Sun Trust Rbsn Humphrey to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Mar 14, 2016.
Constellation Brands Inc. is an international beverage alcohol company. The Company’s operating segments include Beer Wine and Spirits and Corporate Operations and Other. The Company’s wine portfolio is complemented by select spirits brands and other select beverage alcohol products. It is a multi-category supplier (beer wine and spirits) of beverage alcohol in the United States. The Company’s customers include wholesale distributors retailers on premise locations and government alcohol beverage control agencies. In the United States the Company operates 19 wineries using varieties of grapes grown in the Napa Sonoma Monterey and San Joaquin regions of California. It also operates eight wineries in Canada four wineries in New Zealand and five wineries in Italy. The Company’s Canadian whisky requirements are produced and aged at its Canadian distillery in Lethbridge Alberta.