A Director at Constellation Brands Inc is Exercising Options

By Carrie Williams

Today, a Director at Constellation Brands Inc, Barry Fromberg, exercised options of Constellation Brands Inc for $520K.

Following Barry Fromberg’s last STZ Sell transaction on July 17, 2017, the stock climbed by 11.7%. In addition to Barry Fromberg, one other STZ executive reported Sell trades in the last month.

Based on Constellation Brands Inc’s latest earnings report for the quarter ending August 31, the company posted quarterly revenue of $2.08 billion and quarterly net profit of $500 million. In comparison, last year the company earned revenue of $2.02 billion and had a net profit of $359 million. The company has a one-year high of $213.40 and a one-year low of $144. STZ’s market cap is $40.63B and the company has a P/E ratio of 26.57.

Based on 8 analyst ratings, the analyst consensus is Strong Buy with an average price target of $227, reflecting a -8.6% downside.

The insider sentiment on Constellation Brands Inc has been negative according to 44 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Constellation Brands, Inc. engages in the production, marketing and distribution of beverage alcohol products. It operates through the following business segments: Beer, Wine & Spirits, and Corporate Operations & Other. The Beer segment includes Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands.