The monthly stock performance comes in at 2.67%.
Of particular interest to investors in the alcoholic beverage space who have seen beer industry leaders struggle in the recent earnings season, Constellation said Q4 beer sales grew 11%, driven by higher volumes, better pricing and increased demand for its craft brand Ballast Point.
IBD'S TAKE: As more states legalize marijuana in some form or another, Constellation could win in some ways and lose in others based on demographic trends, an analyst report said past year. The stock has "Hold" rating by Stifel Nicolaus on Tuesday, January 5. (NYSE:STZ). At the time of writing, the First Call consensus price target for the company is $177.82.
Constellation is the leading growth contributor to the US beer industry for the fiscal year, according to the company's earnings report, and holds numerous America's top imported beers in its portfolio. 918,083 shares of the stock traded hands. The firm has a market cap of $13.58 billion, a price-to-earnings ratio of 11.97 and a beta of 0.82. The stock has a 50-day moving average of $160.05 and a 200-day moving average of $158.00. The 52 week high Constellation Brands, Inc.'s shares have peaked at is 175.43 whilst the 52 week low for the company's shares is 144. (NYSE:STZ). Archon Ptnrs Ltd Liability Corporation holds 8,900 shares or 0.36% of its portfolio. Analysts on average had expected $1.59 billion. Constellation Brands had a net margin of 16.65% and a return on equity of 19.07%. FBR & Co set a $69.00 price objective on shares of L Brands and gave the company a "hold" rating in a research report on Sunday, January 8th.
STZ, a leading worldwide producer and marketer of beverage alcohol brands, released fourth-quarter fiscal 2017 results, wherein adjusted earnings of $1.48 a share surpassed the Zacks Consensus Estimate of 1.37.
Since the beginning of the calendar year, the stock is 5.56%.
Constellation forecast 2018 earnings of $7.70-$8 per share, beating analysts' average estimate of $7.51 per share, according to Thomson Reuters I/B/E/S.
The news sent its stock price to a record high. The shares were purchased at an average cost of $148.62 per share, for a total transaction of $111,762.24.
ILLEGAL ACTIVITY NOTICE: "Constellation Brands, Inc". Truepoint Inc. now owns 1,350 shares of the company's stock worth $225,000 after buying an additional 6 shares during the period. Moreover, Da Davidson has 0.02% invested in Constellation Brands, Inc.