Sen. Markwayne Mullin Sells Off Shares of Constellation Brands, Inc. (NYSE:STZ)

Senator Markwayne Mullin (R-Oklahoma) recently sold shares of Constellation Brands, Inc. (NYSE:STZ). In a filing disclosed on February 27th, the Senator disclosed that they had sold between $15,001 and $50,000 in Constellation Brands stock on February 13th.

Senator Markwayne Mullin also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of Amazon.com (NASDAQ:AMZN) on 2/13/2025.
• Sold $15,001 – $50,000 in shares of Honeywell International (NASDAQ:HON) on 2/13/2025.
• Purchased $15,001 – $50,000 in shares of IQVIA (NYSE:IQV) on 2/13/2025.
• Sold $15,001 – $50,000 in shares of Brick (TSE:BRK) on 2/13/2025.
• Sold $100,001 – $250,000 in shares of Vanguard Materials ETF (NYSEARCA:VAW) on 2/13/2025.
• Purchased $50,001 – $100,000 in shares of Microsoft (NASDAQ:MSFT) on 2/13/2025.
• Purchased $50,001 – $100,000 in shares of LPL Financial (NASDAQ:LPLA) on 2/13/2025.
• Purchased $15,001 – $50,000 in shares of TJX Companies (NYSE:TJX) on 2/13/2025.
• Sold $50,001 – $100,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 2/13/2025.
• Purchased $50,001 – $100,000 in shares of Accenture (NYSE:ACN) on 2/13/2025.

Constellation Brands Stock Performance

NYSE STZ opened at $173.43 on Friday. The stock has a market capitalization of $31.34 billion, a PE ratio of 46.62, a P/E/G ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 1-year low of $160.46 and a 1-year high of $274.87. The business has a 50 day simple moving average of $190.04 and a two-hundred day simple moving average of $224.16. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46.

Constellation Brands (NYSE:STZ) last posted its earnings results on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). The business had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period last year, the business posted $3.19 earnings per share. On average, research analysts predict that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend was Friday, February 7th. Constellation Brands’s payout ratio is presently 108.60%.

Institutional Investors Weigh In On Constellation Brands

Several hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp raised its holdings in shares of Constellation Brands by 1,844.7% in the fourth quarter. Van ECK Associates Corp now owns 924,274 shares of the company’s stock valued at $204,265,000 after acquiring an additional 876,745 shares in the last quarter. Copperleaf Capital LLC purchased a new position in Constellation Brands during the 4th quarter valued at about $343,000. Grimes & Company Inc. bought a new stake in shares of Constellation Brands in the 4th quarter valued at about $6,099,000. Empowered Funds LLC lifted its position in shares of Constellation Brands by 62.8% in the 4th quarter. Empowered Funds LLC now owns 16,575 shares of the company’s stock worth $3,663,000 after purchasing an additional 6,391 shares during the period. Finally, Southern Style Financial Inc. purchased a new stake in shares of Constellation Brands in the 4th quarter worth approximately $3,074,000. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on STZ shares. StockNews.com downgraded shares of Constellation Brands from a “hold” rating to a “sell” rating in a report on Wednesday. BNP Paribas assumed coverage on Constellation Brands in a research note on Monday, November 25th. They set a “neutral” rating and a $261.00 price objective on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $293.00 price objective on shares of Constellation Brands in a research note on Monday, February 3rd. JPMorgan Chase & Co. reissued a “neutral” rating and set a $203.00 target price (down previously from $262.00) on shares of Constellation Brands in a research report on Monday, January 13th. Finally, TD Cowen decreased their price target on Constellation Brands from $270.00 to $260.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Constellation Brands presently has an average rating of “Hold” and a consensus target price of $253.43.

Insider Activity

In related news, Director William T. Giles bought 1,000 shares of the stock in a transaction on Friday, January 17th. The stock was bought at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the acquisition, the director now directly owns 1,463 shares in the company, valued at approximately $272,688.57. This represents a 215.98 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 12.19% of the company’s stock.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father’s plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

Constellation Brands Company Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.