It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Constellation Brands Inc. (STZ) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.42, or -0.19%, to $222.22. The Constellation Brands Inc. has recorded 40,989 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Constellation Brands Reports Third Quarter Fiscal 2023 Financial Results.
Constellation Brands Inc. is listed on the NYSE in the Consumer Defensive sector while operating in the Beverages – Wineries & Distilleries industry. At the end of the last regular session, the stock closed at $222.64 and fluctuated between $223.82 as its day high and $220.31 as its day low. The current market capitalization of Constellation Brands Inc. is $40.01B. A total of 2.31 million shares were traded on the day, compared to an average of 1.19M shares.
Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, STZ has seen 22 BUY and 12 SELL insider trades, representing the acquisition of 63,392,767 and the disposition of 18,519,912 shares. Over the last 12 months, there were 43 BUYs and 41 SELLs from insiders. Insiders purchased 65,923,194 shares during that period but sold 22,282,273.
In the most recent transaction, Carey Kaneenat Kristann sold 978 shares of STZ for 250.81 per share on Nov 30. After the transaction, the EVP & Chief HR Officer now owns 1,004 company shares. In a previous transaction on Nov 21, Sabia James A. Jr. sold 4,165 shares at 250.23 per share. STZ shares that EVP & Pres. Beer owns now total 27,102.
Among the insiders who sold shares, RES Business Holdings LP disposed of 233,334 shares on Nov 14 at a per-share price of $239.06. This resulted in the Member of 10% owner group holding 5,066,666 shares of STZ after the transaction. In another insider transaction, STERN ZACHARY M sold 1,233,334 shares at $239.06 per share on Nov 14. Company shares held by the Member of 10% Group now total 8,031,430.
The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. STZ’s most recent ex-dividend date was 2/7/2023 when it declared a $0.80 quarterly dividend that was paid in cash on 2/22/2023. Previously, the company paid the dividend on 11/18/2022 with an ex-dividend date of 11/3/2022. The STZ stock dividend was $0.80 per share in cash.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for STZ in the last 3 months, the mean price target is $254.30 with high estimates of $300.00 and low estimates of $200.00. In terms of 52-week highs and lows, STZ has a high of $261.52 and a low of $207.59.
As of this writing, STZ has an earnings estimate of $2.93 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $3.18 per share and a lower estimate of $2.74. The company reported an EPS of $2.66 in the last quarter, which was 6.00% higher than expectations of $2.51.
Balance Sheet Annually/Quarterly
As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 27 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for STZ is Sell with a score of 4.50. A total of 17 analysts rated the stock as Buy while 3 rated it as Overweight while 7 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.