Axxcess Wealth Management LLC Has $1.07 Million Stake in Constellation Brands, Inc. (NYSE:STZ)

Axxcess Wealth Management LLC increased its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 169.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,429 shares of the company’s stock after buying an additional 2,784 shares during the period. Axxcess Wealth Management LLC’s holdings in Constellation Brands were worth $1,071,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in STZ. BKM Wealth Management LLC bought a new position in Constellation Brands during the fourth quarter worth $28,000. Asset Dedication LLC boosted its position in Constellation Brands by 3,833.3% during the third quarter. Asset Dedication LLC now owns 118 shares of the company’s stock worth $30,000 after purchasing an additional 115 shares during the period. Turtle Creek Wealth Advisors LLC bought a new position in Constellation Brands during the fourth quarter worth $37,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in Constellation Brands during the third quarter worth $41,000. Finally, Exchange Traded Concepts LLC bought a new position in Constellation Brands during the fourth quarter worth $45,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on STZ shares. Wedbush reaffirmed an “outperform” rating and set a $300.00 price objective on shares of Constellation Brands in a research report on Wednesday, April 10th. Bank of America boosted their target price on shares of Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Evercore ISI boosted their target price on shares of Constellation Brands from $300.00 to $310.00 and gave the company an “outperform” rating in a research report on Friday, April 12th. Roth Mkm reissued a “buy” rating and issued a $305.00 target price on shares of Constellation Brands in a research report on Friday, April 12th. Finally, UBS Group boosted their target price on shares of Constellation Brands from $312.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Three analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $298.55.

Constellation Brands Stock Up 0.8 %

Shares of NYSE STZ opened at $256.08 on Monday. The company has a current ratio of 1.19, a quick ratio of 0.53 and a debt-to-equity ratio of 1.06. The company has a market cap of $46.86 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 1.73 and a beta of 0.95. Constellation Brands, Inc. has a 12 month low of $221.81 and a 12 month high of $274.87. The stock has a 50-day moving average price of $260.83 and a two-hundred day moving average price of $248.87.

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

Constellation Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be paid a $1.01 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $4.04 annualized dividend and a dividend yield of 1.58%. This is an increase from Constellation Brands’s previous quarterly dividend of $0.89. Constellation Brands’s dividend payout ratio is currently 43.07%.

Insider Activity

In other news, EVP James A. Jr. Sabia sold 15,781 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $263.63, for a total value of $4,160,345.03. Following the completion of the transaction, the executive vice president now owns 20,910 shares of the company’s stock, valued at $5,512,503.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Constellation Brands news, EVP James A. Jr. Sabia sold 15,781 shares of the stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the completion of the sale, the executive vice president now owns 20,910 shares of the company’s stock, valued at approximately $5,512,503.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William A. Newlands sold 4,013 shares of the stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $263.25, for a total transaction of $1,056,422.25. Following the sale, the chief executive officer now directly owns 5,395 shares of the company’s stock, valued at approximately $1,420,233.75. The disclosure for this sale can be found here. 16.19% of the stock is currently owned by insiders.

Constellation Brands Company 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.