654 Shares in Constellation Brands, Inc. (NYSE:STZ) Purchased by Mather Group LLC.

Mather Group LLC. bought a new stake in Constellation Brands, Inc. (NYSE:STZ) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 654 shares of the company’s stock, valued at approximately $178,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Perigon Wealth Management LLC raised its holdings in Constellation Brands by 46.0% in the 4th quarter. Perigon Wealth Management LLC now owns 6,012 shares of the company’s stock valued at $1,453,000 after acquiring an additional 1,893 shares in the last quarter. Stifel Financial Corp raised its stake in shares of Constellation Brands by 3.2% in the fourth quarter. Stifel Financial Corp now owns 192,585 shares of the company’s stock valued at $46,570,000 after purchasing an additional 5,951 shares in the last quarter. CoreCap Advisors LLC lifted its position in Constellation Brands by 35.8% in the fourth quarter. CoreCap Advisors LLC now owns 2,002 shares of the company’s stock worth $484,000 after purchasing an additional 528 shares during the period. Ascent Wealth Partners LLC acquired a new stake in Constellation Brands during the fourth quarter worth $962,000. Finally, KBC Group NV increased its holdings in Constellation Brands by 100.4% in the 4th quarter. KBC Group NV now owns 250,945 shares of the company’s stock valued at $60,666,000 after buying an additional 125,730 shares during the period. 77.34% of the stock is owned by institutional investors.

Constellation Brands Stock Up 0.5 %

Shares of NYSE STZ opened at $263.65 on Thursday. Constellation Brands, Inc. has a 1 year low of $227.50 and a 1 year high of $274.87. The firm’s 50-day moving average is $255.26 and its 200-day moving average is $252.47. 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 firm has a market capitalization of $48.24 billion, a PE ratio of 28.11, a price-to-earnings-growth ratio of 1.80 and a beta of 0.89.

Constellation Brands (NYSE:STZ) last released its earnings results on Thursday, April 11th. The company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.16. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.09 billion. Constellation Brands had a net margin of 16.13% and a return on equity of 23.06%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.98 EPS. Equities analysts expect that Constellation Brands, Inc. will post 13.53 EPS for the current year.

Constellation Brands Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, May 3rd were issued a dividend of $1.01 per share. The ex-dividend date of this dividend was Thursday, May 2nd. This represents a $4.04 dividend on an annualized basis and a yield of 1.53%. This is a boost from Constellation Brands’s previous quarterly dividend of $0.89. Constellation Brands’s dividend payout ratio (DPR) is 43.07%.

Insider Transactions at Constellation Brands

In related news, EVP James A. Jr. Sabia sold 15,781 shares of Constellation Brands 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 transaction, 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 can be accessed through this hyperlink. In related news, EVP James A. Jr. Sabia sold 15,781 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the sale, the executive vice president now owns 20,910 shares of the company’s stock, valued at approximately $5,512,503.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael Mcgrew sold 3,237 shares of Constellation Brands stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $255.50, for a total value of $827,053.50. Following the transaction, the executive vice president now owns 1,731 shares in the company, valued at $442,270.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,031 shares of company stock worth $12,582,321. 12.19% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

STZ has been the topic of a number of analyst reports. Roth Mkm reissued a “buy” rating and issued a $305.00 target price on shares of Constellation Brands in a research note on Friday, April 12th. Bank of America lifted their price objective on Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a report on Monday, March 18th. HSBC increased their target price on Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Barclays decreased their price target on Constellation Brands from $295.00 to $288.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 29th. Finally, Jefferies Financial Group lifted their price objective on Constellation Brands from $292.00 to $314.00 and gave the company a “buy” rating in a report on Friday, April 12th. Three equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, Constellation Brands presently has a consensus rating of “Moderate Buy” and a consensus target price of $297.70.

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.