Constellation Brands, Inc. (NYSE:STZ) Holdings Raised by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. grew its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 36.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,724 shares of the company’s stock after acquiring an additional 2,076 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Constellation Brands were worth $1,990,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Fidelis Capital Partners LLC acquired a new position in Constellation Brands in the 1st quarter worth about $45,000. Daiwa Securities Group Inc. raised its position in Constellation Brands by 8.5% during the first quarter. Daiwa Securities Group Inc. now owns 16,147 shares of the company’s stock valued at $4,388,000 after acquiring an additional 1,266 shares in the last quarter. Salomon & Ludwin LLC raised its position in Constellation Brands by 77.6% during the first quarter. Salomon & Ludwin LLC now owns 174 shares of the company’s stock valued at $47,000 after acquiring an additional 76 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in Constellation Brands by 69.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,045 shares of the company’s stock worth $284,000 after acquiring an additional 428 shares in the last quarter. Finally, United Community Bank increased its stake in shares of Constellation Brands by 14.6% during the 1st quarter. United Community Bank now owns 588 shares of the company’s stock worth $160,000 after purchasing an additional 75 shares during the last quarter. 77.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on STZ shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $308.00 price objective on shares of Constellation Brands in a report on Friday, October 4th. BMO Capital Markets lowered their price objective on Constellation Brands from $315.00 to $305.00 and set an “outperform” rating on the stock in a report on Tuesday, October 15th. Bank of America restated a “neutral” rating and issued a $255.00 target price (down from $300.00) on shares of Constellation Brands in a report on Monday, October 7th. UBS Group lowered their price target on Constellation Brands from $320.00 to $295.00 and set a “buy” rating on the stock in a report on Monday, September 9th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Constellation Brands from $307.00 to $293.00 and set an “overweight” rating for the company in a research note on Friday, October 4th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $290.47.

Insider Buying and Selling

In other Constellation Brands news, CFO Garth Hankinson sold 13,583 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $240.00, for a total transaction of $3,259,920.00. Following the transaction, the chief financial officer now owns 11,702 shares in the company, valued at $2,808,480. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Samuel J. Glaetzer sold 1,510 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $245.57, for a total transaction of $370,810.70. Following the completion of the transaction, the executive vice president now directly owns 4,970 shares in the company, valued at $1,220,482.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Garth Hankinson sold 13,583 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $240.00, for a total transaction of $3,259,920.00. Following the sale, the chief financial officer now directly owns 11,702 shares in the company, valued at approximately $2,808,480. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 141,793 shares of company stock valued at $34,300,914. Company insiders own 12.19% of the company’s stock.

Constellation Brands Stock Down 0.0 %

Shares of Constellation Brands stock traded down $0.08 during trading on Tuesday, reaching $238.65. The stock had a trading volume of 58,232 shares, compared to its average volume of 1,184,075. The stock has a fifty day moving average price of $245.36 and a two-hundred day moving average price of $249.45. Constellation Brands, Inc. has a 52 week low of $231.70 and a 52 week high of $274.87. The company has a market capitalization of $43.33 billion, a price-to-earnings ratio of 77.59, a P/E/G ratio of 1.64 and a beta of 0.90. The company has a current ratio of 1.25, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Thursday, October 3rd. The company reported $4.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.08 by $0.24. The firm had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.95 billion. Constellation Brands had a net margin of 5.29% and a return on equity of 25.34%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.70 EPS. Sell-side analysts predict that Constellation Brands, Inc. will post 13.57 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th will be issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 1.69%. The ex-dividend date is Tuesday, November 5th. Constellation Brands’s dividend payout ratio is 130.74%.

Constellation Brands 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.