Roman Butler Fullerton & Co. Buys Shares of 833 Constellation Brands, Inc. (NYSE:STZ)

Roman Butler Fullerton & Co. bought a new stake in shares of Constellation Brands, Inc. (NYSE:STZ) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 833 shares of the company’s stock, valued at approximately $208,000.

A number of other institutional investors also recently modified their holdings of the stock. Burns Matteson Capital Management LLC boosted its stake in shares of Constellation Brands by 1.7% during the 4th quarter. Burns Matteson Capital Management LLC now owns 2,499 shares of the company’s stock valued at $604,000 after buying an additional 42 shares during the period. FAS Wealth Partners Inc. boosted its stake in shares of Constellation Brands by 3.5% during the 4th quarter. FAS Wealth Partners Inc. now owns 1,277 shares of the company’s stock valued at $309,000 after buying an additional 43 shares during the period. United Capital Financial Advisers LLC lifted its stake in shares of Constellation Brands by 2.9% in the 1st quarter. United Capital Financial Advisers LLC now owns 1,552 shares of the company’s stock valued at $357,000 after purchasing an additional 44 shares during the last quarter. IHT Wealth Management LLC lifted its stake in shares of Constellation Brands by 1.9% in the 1st quarter. IHT Wealth Management LLC now owns 2,406 shares of the company’s stock valued at $543,000 after purchasing an additional 45 shares during the last quarter. Finally, Bragg Financial Advisors Inc lifted its stake in shares of Constellation Brands by 1.6% in the 4th quarter. Bragg Financial Advisors Inc now owns 2,825 shares of the company’s stock valued at $655,000 after purchasing an additional 45 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on STZ. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Constellation Brands from $256.00 to $262.00 and gave the company a “hold” rating in a research note on Wednesday, April 10th. UBS Group lifted their price objective on shares of Constellation Brands from $312.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, April 12th. JPMorgan Chase & Co. cut their target price on shares of Constellation Brands from $309.00 to $301.00 and set an “overweight” rating for the company in a research report on Thursday, December 21st. Evercore ISI boosted their target price on shares of Constellation Brands from $300.00 to $310.00 and gave the stock an “outperform” rating in a research report on Friday, April 12th. Finally, BMO Capital Markets boosted their target price on shares of Constellation Brands from $290.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, April 12th. Three investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, Constellation Brands currently has a consensus rating of “Moderate Buy” and an average target price of $298.55.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, EVP James A. Jr. Sabia sold 15,781 shares of the business’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $263.63, for a total value of $4,160,345.03. Following the transaction, the executive vice president now directly owns 20,910 shares in the company, valued at $5,512,503.30. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 16.19% of the company’s stock.

Constellation Brands Stock Performance

NYSE STZ opened at $258.68 on Friday. The stock has a market cap of $47.29 billion, a P/E ratio of 27.58, a PEG ratio of 1.74 and a beta of 0.97. The company’s 50-day simple moving average is $257.82 and its 200 day simple moving average is $247.21. Constellation Brands, Inc. has a twelve month low of $221.81 and a twelve month high of $274.87. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06.

Constellation Brands (NYSE:STZ) last posted its earnings results on Thursday, April 11th. The company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.16. The business had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Constellation Brands had a net margin of 16.13% and a return on equity of 23.06%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.98 earnings per share. As a group, research analysts forecast that Constellation Brands, Inc. will post 13.51 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be paid a $1.01 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $4.04 dividend on an annualized basis and a yield of 1.56%. This is a boost from Constellation Brands’s previous quarterly dividend of $0.89. Constellation Brands’s payout ratio is presently 37.95%.

About Constellation Brands

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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.