High-Flying Hecla Mining Company (HL) and Constellation Brands Inc. (STZ) Register Insider Selling, Plus 3 Companies With Insider Buying

Well-Known Wine and Beer Distributor Registers Insider Selling

Constellation Brands Inc. (NYSE:STZ) saw a member of its executive team offload some shares this week. F. Paul Hetterich, President of Beer Division and Executive Vice President, discarded 10,000 shares on Monday at prices between $164.48 and $165.07, cutting his overall holding to 53,486 shares.

The shares of the beer and wine distributor have gained an impressive 14% since the beginning of 2016, as the company’s financial performance has been boosted by strong consumer demand within its Mexican beer portfolio and net sales from the acquired Ballast Point and Meiomi brands. Constellation Brands Inc. (NYSE:STZ) has completed a number of important acquisitions over the past several years, with the most recent one being the $285 million acquisition of Prisoner, which comprised a portfolio of five super-luxury wine brands. Moreover, the third-largest producer of beer for the U.S market also paid about $315 million for Meiomi, a Pinot noir wine brand, in August 2015, as well as acquired Ballast Point, the producer of the Sculpin IPA beer, for $999 million in December 2015. Stephen Mandel’s Lone Pine Capital had 5.90 million shares of Constellation Brands Inc. (NYSE:STZ) in its portfolio at the end of March.

High-Flying Silver and Gold Mining Company Witnesses Increased Insider Selling

Hecla Mining Company (NYSE:HL) has seen two corporate insiders unload shares so far in July. To start with, Board member George R. Johnson sold 5,000 shares on Wednesday at $6.09 apiece, trimming his ownership to 45,000 shares. George R. Nethercutt Jr., another member of the company’s boardroom, discarded 40,000 shares on July 1 for $5.00 each, after which Mr. Nethercutt currently owns 60,536 shares.

The discoverer and producer of silver, gold, lead and zinc has seen its stock skyrocket by 230% since the start of 2016, thanks to the rally in the precious metals sector. In late May, Hecla Mining Company (NYSE:HL) agreed to acquire Mines Management Inc. (NYSEMKT:MGN), a company engaged in the business of exploring mineral priorities containing precious and base metals. Under the terms of the agreement, each Mines share will be exchanged for 0.2218 Hecla shares. The acquirer’s main interest in the acquisition is the target’s Montanore silver-copper project located in Northwest Montana. Israel Englander’s Millennium Management acquired a new stake of 2.34 million shares of Hecla Mining Company (NYSE:HL) during the March quarter.

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