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Constellation Brands Inc (STZ)

STZ on New York Consolidated

149.90USD
7 Dec 2016
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$1.92 (+1.30%)
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Latest Key Developments (Source: Significant Developments)

Constellation brands prices offering of senior notes
Tuesday, 29 Nov 2016 05:42pm EST 

Constellation Brands Inc : Constellation Brands prices offering of senior notes . Constellation Brands Inc says priced public offering of $600.0 million 3.70% senior notes due 2026 .Constellation Brands Inc says public offering price of 99.909% of principal amount of notes.  Full Article

Third Point takes stake in Alibaba, cuts in Chubb
Thursday, 10 Nov 2016 05:02pm EST 

Third Point Llc: Third Point Llc - takes 2.6 million sponsored ADS stake in Alibaba Group Holding Ltd - SEC Filing . Third Point Llc - cuts share stake in Chubb Ltd by 23.4 percent to 1.8 million shares . Third Point Llc - ups share stake in Constellation Brands Inc by 10 percent to 2.2 million Class A shares .Third Point Llc - change in holdings are as of September 30, 2016 and compared with the previous quarter ended as of June 30, 2016.  Full Article

Constellation Brands reaches an agreement to sell its Canadian wine business
Monday, 17 Oct 2016 08:02am EDT 

Constellation Brands Inc : Constellation has reached an agreement to sell its Canadian wine business to Ontario teachers' pension plan . Transaction is valued at approximately C$1.03 billion . Expects to receive cash proceeds, net of repayment of outstanding debt, of approximately C$750 million . Constellation Brands - expects to recognize after-tax gain for fiscal 2017, which will be excluded from company's comparable basis diluted EPS from deal . Constellation Brands Inc - acquires a minority stake in Bardstown Bourbon Company . Constellation Brands Inc - will continue ownership of Black Velvet Whisky and related production facility in Lethbridge, Alberta, Canada .Constellation Brands - deal includes sale of brands such as Jackson-Triggs,Inniskillin, wineries, vineyards, offices, facilities, wine rack retail stores.  Full Article

Constellation Brands to acquire Charles Smith Wines
Monday, 17 Oct 2016 07:58am EDT 

Constellation Brands Inc - : Constellation Brands to acquire Charles Smith Wines . Constellation Brands to acquire Charles Smith Wines . Deal for $120 million . Deal for approximately $120 million . Constellation Brands Inc - deal for $120 million .Constellation Brands Inc says agreement with Charles Smith Wines LLC to acquire Charles Smith Wines collection of five super and ultra premium wines.  Full Article

Constellation Brands Exec says Still evaluating IPO for Canadian Wine Business
Wednesday, 5 Oct 2016 02:33pm EDT 

: Constellation Brands Executive Says Now Targeting EBIT Growth For Beer Business In High Teens Range For Fiscal 2017 - Conf Call . Constellation Brands Executive Says Expect Wine And Spirits Q3 Net Sales Growth To Be Flattish To Down Slightly - Conf Call . Constellation Brands Executive Says Expect Gross Margin To Be Flattish In 2H Of Year Vs 1H - Conf Call . Constellation Brands Executive Says Still Evaluating Ipo Route For Canadian Wine Business - Conf Call . Constellation Brands Executive Says Also Evaluating All Other Opportunities For Canadian Wine Business - Conf Call . Constellation Brands Executive Says Trying To Apply Same Sort Of "Pricing Discipline" To Wine Business As Beer Business - Conf Call Further company coverage: [STZ.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

REG-Award-winning High West Distillery joins Constellation Brands
Wednesday, 5 Oct 2016 07:30am EDT 

Constellation Brands Inc : REG-Award-winning High West Distillery joins Constellation Brands . Co to purchase Utah-based High West Distillery. . Transaction is expected to close by end of October . Acquisition includes all of High West's operations and its portfolio of distinctive high-end American straight whiskeys . As part of agreement, High West's employees will join Constellation Brands family to ensure continuity in distinctive styles of whiskeys .High West portfolio sells approximately 70,000 cases annually..  Full Article

Constellation Brands elects Frederic Cumenal of Tiffany & Co to its board
Friday, 22 Jul 2016 09:24am EDT 

Constellation Brands Inc : Board of directors increased size of board from 10 to 11 members .Constellation Brands elects Frederic Cumenal of Tiffany & Co to its board of directors.  Full Article

Constellation Brands reports Q1 fiscal 2017 results
Thursday, 30 Jun 2016 07:30am EDT 

Constellation Brands Inc : Says updates fiscal 2017 reported basis EPS outlook to $5.98 - $6.28 . Qtrly reported basis EPS of $1.55 and comparable basis EPS of $1.54 . Says reaffirms fiscal 2017 comparable basis EPS outlook of $6.05 - $6.35 . Reaffirms fiscal 2017 operating cash flow target of at least $1.5 billion and free cash flow projection of $250 - $350 million . Qtrly net sales for beer segment increased 19 percent . Continues to expect total capital expenditures to be $1.25 - $1.35 billion for fiscal 2017 . Qtrly wine and spirits net sales increased eight percent . Qtrly reported net sales $1,872 million versus $1,631 million last year . Qtrly comparable net sales $1,872 million versus $1,631 million last year . Declared a quarterly cash dividend of $0.40 per share of class a common stock . Q1 earnings per share view $1.52, revenue view $1.83 billion -- Thomson Reuters I/B/E/S . Fy 2017 earnings per share view $6.27, revenue view $7.28 billion -- Thomson Reuters I/B/E/S .Constellation brands reports first quarter fiscal 2017 results.  Full Article

Constellation Brands CEO Sands' 2016 compensation $9.3 mln - SEC filing
Friday, 3 Jun 2016 12:42pm EDT 

Constellation Brands Inc: CEO Robert Sands' 2016 total compensation was $9.3 million versus $8.6 million in 2015- SEC filing .Chairman Richard Sands' 2016 total compensation was $7.4 million versus $6.9 million in 2015 - SEC filing.  Full Article

Constellation Brands Inc Recalls Select Packages of 12 Oz Corona Extra Bottles Due to Glass Particles - MIDTRD
Wednesday, 9 Mar 2016 03:49pm EST 

Constellation Brands Inc:Constellation Brands Inc, said Wednesday that its Constellation Brands Beer Division has made a voluntary recall of select Corona Extra 12-packs and 18-packs of 12 ounce clear bottles with deposit labels in the U.S. and Guam that may contain small particles of glass - RTRS.The company noted, however, that the recall is very limited in scope, as potentially affected bottles represent less than one-tenth of 1% of Corona Extra 12-ounce clear bottles in the marketplace.The recall comes after routine quality assurance inspections at two AB InBev breweries that produce some of Constellation Brands' beer products on an interim basis.While the number of impacted bottles is relatively small, Constellation is recalling select packages of Corona Extra that may contain defective bottles as a precaution to ensure the safety of consumers.  Full Article

BRIEF-REG-Constellation Brands' board of directors authorizes new $1 billion share repurchase program

* Constellation Brands Inc - new program is in addition to company's current $1 billion share repurchase program