Executive Wealth Management LLC Buys 119 Shares of Constellation Brands, Inc. (NYSE:STZ)

Executive Wealth Management LLC lifted its stake in Constellation Brands, Inc. (NYSE:STZ) by 95.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 244 shares of the company’s stock after buying an additional 119 shares during the quarter. Executive Wealth Management LLC’s holdings in Constellation Brands were worth $48,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc raised its stake in Constellation Brands by 210.9% during the 1st quarter. Versant Capital Management Inc now owns 143 shares of the company’s stock valued at $25,000 after purchasing an additional 97 shares during the period. Mosaic Family Wealth LLC bought a new stake in Constellation Brands during the 1st quarter valued at approximately $27,000. Bay Harbor Wealth Management LLC bought a new stake in Constellation Brands during the 1st quarter valued at approximately $33,000. Gradient Investments LLC raised its stake in Constellation Brands by 265.3% during the 2nd quarter. Gradient Investments LLC now owns 179 shares of the company’s stock valued at $35,000 after purchasing an additional 130 shares during the period. Finally, Global Retirement Partners LLC raised its stake in Constellation Brands by 74.4% during the 1st quarter. Global Retirement Partners LLC now owns 211 shares of the company’s stock valued at $37,000 after purchasing an additional 90 shares during the period. 71.37% of the stock is currently owned by hedge funds and other institutional investors.

STZ has been the topic of several recent analyst reports. UBS Group lifted their target price on Constellation Brands from $195.00 to $212.00 and gave the company a “neutral” rating in a research note on Tuesday, July 2nd. Zacks Investment Research raised Constellation Brands from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Citigroup set a $210.00 target price on Constellation Brands and gave the company a “hold” rating in a research note on Monday, July 1st. Evercore ISI set a $220.00 target price on Constellation Brands and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, SunTrust Banks lifted their target price on Constellation Brands from $180.00 to $190.00 and gave the company a “hold” rating in a research note on Monday, July 1st. Ten analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Constellation Brands currently has a consensus rating of “Buy” and a consensus price target of $223.83.

NYSE STZ opened at $194.40 on Friday. The stock has a market capitalization of $37.65 billion, a PE ratio of 20.95, a P/E/G ratio of 2.95 and a beta of 0.71. The business has a 50 day simple moving average of $197.22 and a two-hundred day simple moving average of $188.39. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.22 and a quick ratio of 0.71. Constellation Brands, Inc. has a 1-year low of $150.37 and a 1-year high of $228.91.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Friday, June 28th. The company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.06 by $0.15. The business had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Constellation Brands had a return on equity of 14.98% and a net margin of 27.38%. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.20 EPS. On average, analysts anticipate that Constellation Brands, Inc. will post 8.36 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Monday, August 12th. Constellation Brands’s dividend payout ratio (DPR) is 32.33%.

In other news, CMO James A. Jr. Sabia sold 4,275 shares of Constellation Brands stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $194.70, for a total value of $832,342.50. Following the completion of the transaction, the chief marketing officer now owns 43,494 shares in the company, valued at approximately $8,468,281.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jeremy S. G. Fowden sold 10,213 shares of Constellation Brands stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $197.35, for a total value of $2,015,535.55. Following the completion of the transaction, the director now owns 27,630 shares of the company’s stock, valued at approximately $5,452,780.50. The disclosure for this sale can be found here. 15.86% of the stock is currently owned by insiders.

About Constellation Brands

Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. It provides beer primarily under the Corona Extra, Corona Light, Corona Premier, Corona Familiar Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Four Corners, and Ballast Point brands.

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Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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