Stocks of Constellation Brands Inc (NYSE:STZ) rallied by 0.42% during the past week but lost 0.03% on a 4-week basis. The company has outperformed the S&P 500 by 1.63% in the past week but underperformed the index by 0.94% in the last 4 weeks.
Constellation Brands Inc (NYSE:STZ): The stock opened at $155.50 on Friday but the bulls could not build on the opening and the stock topped out at $156.01 for the day. The stock traded down to $153.83 during the day, due to lack of any buying support eventually closed down at $154.05 with a loss of -1.73% for the day. The stock had closed at $156.76 on the previous day. The total traded volume was 1,941,317 shares.
On the companys insider trading activities, Wandell Keith E, director of Constellation Brands, Inc., unloaded 6,517 shares at an average price of $155.11 on May 19, 2016. The total amount of the transaction was worth $1,010,852, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Citigroup maintains its outlook on Constellation Brands Inc (NYSE:STZ). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm raises the price target from $162 per share to $168 per share. The rating by the firm was issued on April 12, 2016. Currently the company Insiders own 10.63% of Constellation Brands Inc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -9.6% . Institutional Investors own 79.36% of Constellation Brands Inc shares. During last six month period, the net percent change held by insiders has seen a change of -9.6%.
Constellation Brands, Inc. is an international beverage alcohol company. The Companys operating segments include Beer, Wine and Spirits and Corporate Operations and Other. The Companys 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 Companys 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 Companys Canadian whisky requirements are produced and aged at its Canadian distillery in Lethbridge, Alberta.